We use the strategy theory to analyse a two-person non-co-operative game structure for the convertible bond and then solve the Nash equilibrium points with the economic sense.
This paper discusses mainly the continuous game of complete information which is based on the technical explanation about the existence and properties of Nash equilibrium that is has given by Fudenberg and Tirole(1991,2002).
在Fudenberg and Tirole(1991,2002)关于纳什均衡的存在性和性质的技术性说明基础上,主要讨论完全信息的连续博弈。
In contrast with the properties and equilibrium in mixed strategies in the finite game of static and complete information that is has given by Liu Zongqian(2004),it poses and proves similarly some properties of mixed strategies in the continuous games,and demonstrate alike the existence of Nash equilibrium of mixed strategies using Fan-Glicksberg fixed point theorem.
The denaturation data are analyzed based on the effective Gibbs free energy (ΔG°eff) approach and the chemical denaturation parameters including ΔG°eff, m value and equilibrium unfolding constant (KU) were obtained.
Two new classes of life distributions, namely the class of new better than its equilibrium life in convex ordering (NBELC), and its dual class, the class of new worse than its equilibrium life in convex ordering (NWELC), are introduced.
The theme of the thesis is that the nuclear part of the ecological viewpointconcerns the organical unity of environment and the organical unity of man andenvironment.Thus it becomes the governing principle of environmental science,causing the subject form of environmental science to developt oward the directionof unity.At the same time,the ecological viewpoint changes from the principleof ecological equilibrium to the principle of ecological evolution.
This paper not only discusses the conditions of the spatial economic equilibrium, including production, consumption, resources allocation in space and regional disparities, but also makes some systemic economic models to allocate resources optionally in space and to set prices of merchandises and resources theoretically. According to the principle of multi-hierarchy control of large-scale systemic theory, our economic society is divided into five parts: 1) consumption system, 2) production system, 3) ...
In this paper, we consider the general equilibrium in multiperiod, pure exchange economies with incomplete financial markets. Uncertainty is represented by an event tree. Asset dividends are affine functions of spot prices. Economies are parametrized by endowments and asset dividends. We show the generic existence of general eauilibria in such economies. Also we show that for an open, dense set of economies, the set of equilibrium prices contains a smooth II-1 dimensional manifold, where H is th...