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...

the present article deals with the inter specific competition and intra-specific competition among predator populations of a prey-dependent three component food chain model consisting of two competitive predator sharing one prey species as their food. the behaviour of the system near the biologically feasible equilibria is thoroughly analyzed. boundedness and dissipativeness of the system are e...

in order to assess the presence or absence of fluids under peak metamorphic conditions within the inner aureole of the etive igneous complex in west scotland, eight suitable metabasic hornfels samples and one suitable pelitic hornfels were used to calculate water activities using a mineral equilibria. calculated activities for water are lower than unity in the pelitic sample and extremely low i...

the purpose of this reaserch is to measure the phase equilibrium data of the ternary system (water + phosphoric acid + 1-nonanol) at different temperatures. experimental solubility curves and tie-line points for the system were obtained at t = 298.2, 308.2 and 318.2 k and ambient pressure. the binodal curve data were detected by the cloud point method. the mass fractions of each layer were achi...

the effect of magnetic field on the liquid-liquid equilibrium of two ternary systems (water + acetic acid + butyl acetate and water + acetic acid + dimethyl succinate) at 298.15 k under atmospheric pressure was investigated. the results obtained show that the strength of the magnetic field (0.02 t) affects the solubility of acetic acid in the used organic solvents. distribution coefficients and...

We introduce the notion of exchangeable equilibria of a symmetric bimatrix game, defined as those correlated equilibria in which players’ strategy choices are conditionally independently and identically distributed given some hidden variable. The set of these equilibria is convex and lies between the symmetric Nash equilibria and the symmetric correlated equilibria. The notion of exchangeable e...

We demonstrate that multiple stationary rational-expectations equilibria exist in a version of Lucas’s island economy. The existence of these equilibria follows from the fact that there is an indeterminate set of monetary equilibria in the two-period overlappinggenerations model. We show how to construct stationary rational-expectations equilibria by randomizing over the set of nonstationary mo...