منابع مشابه
Law : Framing or Equilibrium Selection ?
Besides creating fear of sanctions, laws sometimes express collective commitments, which can affect people’s behavior in at least two ways. First, a law can "frame" an act as wrong, so people avoid doing it for its own sake. Second, a law can help people coordinate their behavior by changing expectations. We hypothesize that normative systems have multiple equilibria and announcing a new law ca...
متن کاملEvolutionary Game Theory: Why Equilibrium and Which Equilibrium
Two questions central to the foundations of game theory are (Samuelson 2002): (i) Why equilibrium? Should we expect Nash equilibrium play (players choosing best response strategies to the choices of others)? (ii) If so, which equilibrium? Which of the many Nash equilibria that arise in most games should we expect? To address the rst question the classical game theory approach employs assumptio...
متن کاملLocal equilibrium hypothesis and Taylor’s dissipation law
To qualitatively investigate the validity of Kolmogorov local equilibrium hypothesis and the Taylor dissipation law, we conduct direct numerical simulations of the three-dimensional turbulent Kolmogorov flow. Since strong scale-by-scale (i.e. Richardson-type) energy cascade events occur quasi-periodically, the kinetic energy of the turbulence and its dissipation rate evolve quasi-periodically t...
متن کاملAGeneral Equilibrium Analysis of Personal Bankruptcy Law
We analyse an economy where principals and agents match and contract subject to moral hazard. Bankruptcy law defines the limited liability constraint in these contracts. We analyse Walrasian allocations to generate the following predictions: (i) weakening bankruptcy law causes redistribution of debt and welfare from poor agents and principals to rich agents; (ii) exemption limits Pareto-dominat...
متن کاملConsiderations on the genetic equilibrium law
In the first part of the paper I will present a brief review on the Hardy–Weinberg equilibrium and it’s formulation in projective algebraic geometry. In the second and last part I will discuss examples and generalizations on the topic.
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: The Annals of Probability
سال: 1977
ISSN: 0091-1798
DOI: 10.1214/aop/1176995807