Equilibrium In Terms Of Concentration

Equilibrium In Terms Of Concentration DSGE dynamic stochastic general equilibrium 1 general equilibrium model consumer producer market clearing condition model government financial intermediary

Aug 6 2015 0183 32 To rule out equilibria based on empty threats we need a stronger equilibrium concept for sequential games subgame perfect equilibrium In this case one of the Nash equilibriums is not subgame perfect equilibrium Donnan Equilibrium KCl AB A A mol L KR B B mol L KCl 1L Cl A

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Markov Perfect Equilibrium 183 187 183

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