We de...ne a -stable equilibrium as an equilibrium that is the unique outcome compatible with common knowledge of rationality and common knowledge of-belief in the equilibrium (belief putting probability at least p on the equilibrium). 1-stability means Nash, 0-stability means a unique rationalizable outcome. We show that, in a large class of games, an equilibrium is -stable for some  1. T...

As one of the most promising Distributed Generation (DG) sources, wind power technology has been widely developed in recent years. Doubly fed induction generator (DFIG) is currently employed as one of the most common topologies for wind turbine generators (WTGs). This generator operates as a synchronous/asynchronous hybrid generators. Therefore, it is necessary to power engineers find understan...

As one of the most promising Distributed Generation (DG) sources, wind power technology has been widely developed in recent years. Doubly fed induction generator (DFIG) is currently employed as one of the most common topologies for wind turbine generators (WTGs). This generator operates as a synchronous/asynchronous hybrid generators. Therefore, it is necessary to power engineers find understan...

It is well-known that non-cooperative and cooperative game theory may yield different solutions to games. These differences are particularly dramatic in the case of truels, or threeperson duels, in which the players may fire sequentially or simultaneously, and the games may be one-round or n-round. Thus, it is never a Nash equilibrium for all players to hold their fire in any of these games, wh...

We examine the expectational stability (E—stability) of rational expectations equilibrium in the standard, “New Keynesian” model of the monetary transmission mechanism when monetary policy is optimally derived. We suppose that the monetary authority adds interest rate stabilization to its other two objectives of inflation and output stabilization, and we consider the optimal interest rate rule ...

We investigate local robust stability of fuzzy neural networks FNNs with time-varying and S-type distributed delays. We derive some sufficient conditions for local robust stability of equilibrium points and estimate attracting domains of equilibrium points except unstable equilibrium points. Our results not only show local robust stability of equilibrium points but also allow much broader appli...

We prove the stability of equilibrium in a completely decentralized Walrasian general equilibrium economy in which prices are fully controlled by economic agents, with production and trade occurring out of equilibrium. Journal of Economic Literature Classifications: C62—Existence and Stability Conditions of Equilibrium D51—Exchange and Production Economies D58—Computable and Other Applied Gener...