This paper studies bargaining between a seller and multiple buyers with externalities. A full characterization of the stationary subgame perfect equilibria in generic games is presented. Equilibria exist for generic parameter values, with delay only for strong positive externalities. The outcome is efficient if externalities are not too positive. Increasing the bargaining power of the seller de...

in this paper, we introduce non-interest profit/loss sharing (pls) banks into a three-period overlapping generations model. two types, (low- and high quality) investments are assumed and capital accumulation and level of output in the steady state is considered. then, administrative rationing is introduced to the model. it is shown that the level of capital accumulation and output in equilibriu...

Experimental determination, theoretical modeling, and molecular simulation have been combined to describe the bulk phase equilibria (i.e., pressure, liquid, vapor saturated mass densities) interfacial properties concentration, adsorption, tension) for methane + n-decane, n-dodecane, n-tetradecane n-hexadecane binary mixtures at 344.15 K in a pressure range between 0.1 30 MPa. determinations are...

The basic aspects of redox geochemistry are reviewed to provide a useful compendium the connection between aqueous-hydrothermal and igneous realms Earth. description system is intimately coupled knowledge acid-base properties solvent in which exchanges take place. For magmas, then silicate melts, approaches reporting state were so far cantered around sole concept oxygen fugacity, f O 2 . Master...

E Derivation of Trade Equilibria in Section 5.5 9 E.1 Conditions that must hold in any equilibrium. . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 E.2 Equilibria of type A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 E.3 Equilibria of type B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 E.4 Equilibria of type...

Based on Gibbs-Duhem law and using UNIFAC-FV computer algorithm, the activity of polymer component in polymer-solvent systems is determined. The variation of activity of components with concentration at different temperatures are used to find the equilibrium concentration, UCST, and LCST for the systems. Also by generalization of the method, Gel-Liquid equilibrium is studied in some three c...

This paper analyzes the stability of the (Pareto efficient) nonsunspot equilibria as a function of the constraints faced by consumers in their ability to transfer wealth between states of nature. The nonsunspot equilibria are independent of the constraints since they can be identified to the equilibria of the associated certainty economy. It is shown that the equilibria that are stable for the ...