• 제목/요약/키워드: Multiple equilibria

검색결과 10건 처리시간 0.019초

Duopoly Model of a Congested Market

  • 오형식
    • 대한산업공학회지
    • /
    • 제20권1호
    • /
    • pp.113-120
    • /
    • 1994
  • A duopoly model is developed in order to examine the effect of imperfect competition on the price-setting behavior of competing providers in a congested market. Multiple Nash price equilibria are found and the implications of such multiple price equilibria are discussed.

  • PDF

日本の量的·質的金融緩和(QQE)の効果について (Study on the Effect of Quantitative and Qualitative Easing(QQE) in Japan)

  • Yeom, Dongho
    • 분석과 대안
    • /
    • 제2권2호
    • /
    • pp.143-162
    • /
    • 2018
  • This paper focuses on the policy framework about "Quantitative and Qualitative Easing (QQE)" of Japan, and analyzes reasons why the policy goal was not reached. The QQE was introduced by the Bank of Japan in 2013 with the purpose of meeting the price stability target of 2% and getting out of deflation that prevents sustained price decline. However, despite the implementation of the bold monetary easing policy unprecedented in the world, the policy goal was not achieved as of June 2018. As a result of analyzing the causes, the following three structural factors were confirmed. 1) The rise in prices by QQE was limited because Japan's consumer price is strongly depending on import price. 2) The effect is high degree of uncertainty and limited because theoretical framework of reflationist which adopted QQE depends on "expectation formation" by "self-fulfilling expectation" and "multiple equilibria". 3) It was confirmed that the expansion of the monetary base did not lead to money stock due to the existence of Japanese liquidity trap, long-term low interest rate policy.

  • PDF

비선형 진동계 정규모드의 수치적 계산 연구 (Research on Numerical Calculation of Normal Modes in Nonlinear Vibrating Systems)

  • 이경현;한형석;박성호;전수홍
    • 한국소음진동공학회논문집
    • /
    • 제26권7호
    • /
    • pp.795-805
    • /
    • 2016
  • Nonlinear normal modes(NNMs) is a branch of periodic solution of nonlinear dynamic systems. Determination of stable periodic solution is very important in many engineering applications since the stable periodic solution can be an attractor of such nonlinear systems. Periodic solutions of nonlinear system are usually calculated by perturbation methods and numerical methods. In this study, numerical method is used in order to calculate the NNMs. Iteration of the solution is presented by multiple shooting method and continuation of solution is presented by pseudo-arclength continuation method. The stability of the NNMs is analyzed using Floquet multipliers, and bifurcation points are calculated using indirect method. Proposed analyses are applied to two nonlinear numerical models. In the first numerical model nonlinear spring-mass system is analyzed. In the second numerical model Jeffcott rotor system which has unstable equilibria is analyzed. Numerical simulation results show that the multiple shooting method can be applied to self excited system as well as the typical nonlinear system with stable equilibria.

사장석(斜長石)을 포함(包含)한 복수투영(複數投影)에 있어서의 행렬식(行列式) 이용(利用)에 관(關)한 연구(硏究) (Matrix Method in Multiple Projection through Plagioclase)

  • 이상헌
    • 자원환경지질
    • /
    • 제17권4호
    • /
    • pp.283-288
    • /
    • 1984
  • Projection method has been used in the phase equilibria study. The projection is made through the saturated phase on the smaller chemical system from larger system. This decreases the number of phases which are included in the larger chemical system. In multiple projection containing plagioclase as a projection phase, there is a difference in matrix calculation when plagioclase is treated as a single composite component and separately as an albite and anorthite. The matrix calculation is considered to be more usable and easier in multiple projection. The value of the A component in the AFM system, which is the smaller system projected from the larger one, is effected and varies according to the change in the An content in plagioclase that is examined as an example.

  • PDF

NH4-K 와 NH4-Ca 평형에 대한 양이온 치환식의 적용 (Application of Exchange Equations for NH4-K NH4-Ca Equilibria)

  • 정종배;사동민
    • 한국토양비료학회지
    • /
    • 제28권3호
    • /
    • pp.218-226
    • /
    • 1995
  • 복숭아 묘목으로 부터 채취한 근권 및 그 주변 토양을 이용하여 $NH_4-K$$NH_4-Ca$ 치환 현상을 조사하였으며 이 결과를 토양중 암모니움 등 양이온의 이동과 분포의 모델화에 적용할 수 있는 치환식을 찾고자 했다. 토양시료를 $NH_4Cl$, KCl과 $CaCl_2$ 용액으로 평형에 도달시킨 후 $Sr(NO_3)_2$ 용액으로 추출하여 평형상태에서의 치환태 양이온 조성을 구하였다. Vanselow, Gapon 그리고 kerr의 식은 $NH_4-K$$NH_4-Ca$ 치환 현상을 적절히 기술할 수 없었으나 치환태 양이온 농도에 임의의 지수를 갖는 다음과 같은 경험식이 매우 적절한 것으로 나타났다. ${\frac{\alpha_i^m}{a_j^n}}=K{\frac{(iX)^{mPi}}{(jX)^{nPj}}}$ 이 식에서 ${\alpha}i$${\alpha}j$는 원자가가 m과 n인 양이온 i 및 j의 용액 중 activity이며(iX)와 (jX)는 치환태양이온 i와 j의 농도이다. 치환태 양이온의 농도 단위로는 몰 분율 또는 당량 분율을 사용할 수 있다. 임의상수 $P_i$$P_j$ 그리고 분배상수 K는 이 식의 대수형을 이용하여 다중 회귀 방법으로 구할 수 있다.

  • PDF

Opportunistic Spectrum Access with Discrete Feedback in Unknown and Dynamic Environment:A Multi-agent Learning Approach

  • Gao, Zhan;Chen, Junhong;Xu, Yuhua
    • KSII Transactions on Internet and Information Systems (TIIS)
    • /
    • 제9권10호
    • /
    • pp.3867-3886
    • /
    • 2015
  • This article investigates the problem of opportunistic spectrum access in dynamic environment, in which the signal-to-noise ratio (SNR) is time-varying. Different from existing work on continuous feedback, we consider more practical scenarios in which the transmitter receives an Acknowledgment (ACK) if the received SNR is larger than the required threshold, and otherwise a Non-Acknowledgment (NACK). That is, the feedback is discrete. Several applications with different threshold values are also considered in this work. The channel selection problem is formulated as a non-cooperative game, and subsequently it is proved to be a potential game, which has at least one pure strategy Nash equilibrium. Following this, a multi-agent Q-learning algorithm is proposed to converge to Nash equilibria of the game. Furthermore, opportunistic spectrum access with multiple discrete feedbacks is also investigated. Finally, the simulation results verify that the proposed multi-agent Q-learning algorithm is applicable to both situations with binary feedback and multiple discrete feedbacks.

Solving Mixed Strategy Nash-Cournot Equilibria under Generation and Transmission Constraints in Electricity Market

  • Lee, Kwang-Ho
    • Journal of Electrical Engineering and Technology
    • /
    • 제8권4호
    • /
    • pp.675-685
    • /
    • 2013
  • Generation capacities and transmission line constraints in a competitive electricity market make it troublesome to compute Nash Equilibrium (NE) for analyzing participants' strategic generation quantities. The NE can cause a mixed strategy NE rather than a pure strategy NE resulting in a more complicated computation of NE, especially in a multiplayer game. A two-level hierarchical optimization problem is used to model competition among multiple participants. There are difficulties in using a mathematical programming approach to solve a mixed strategy NE. This paper presents heuristics applied to the mathematical programming method for dealing with the constraints on generation capacities and transmission line flows. A new formulation based on the heuristics is provided with a set of linear and nonlinear equations, and an algorithm is suggested for using the heuristics and the newly-formulated equations.

양면시장형 컨버전스 산업생태계에서 플랫폼 경쟁에 관한 진화게임 모형 (An Application of Evolutionary Game Theory to Platform Competition in Two Sided Market)

  • 김도훈
    • 한국경영과학회지
    • /
    • 제35권4호
    • /
    • pp.55-79
    • /
    • 2010
  • This study deals with a model for platform competition in a two-sided market. We suppose there are both direct and indirect network externalities between suppliers and users of each platform. Moreover, we suppose that both users and suppliers are distributed in their relative affinity for each platform type. That is, each user [supplier] has his/her own preferential position toward each platform, and users [suppliers] are horizontally differentiated over [0, 1]. And for analytical tractability, some parameters like direct and indirect network externalities are the same across the markets. Given the parameters and the pricing profile, users and suppliers conduct subscription game, where participants select the platform that gives them the highest payoffs. This game proceeds according to a replicator dynamics of the evolutionary game, which is simplified by properly defining gains from participant's strategy in the subscription game. We find that depending on the strength of these network effects, there might either be multiple stable equilibria, at which users and suppliers distribute across both platforms, or one unstable interior equilibrium corresponding to the market tipping in favor of either platform. In both cases, we also consider the pricing power of competing platform providers under the framework of the Stackelberg game. In particular, our study examines the possible effects of the type of competition between platform providers, which may constrain the equilibrium selection in the subscription game.

약물과 생체고분자간의 상호작용(II) Difference Spectra에 의한 Cephalothin 및 Cefazoline과 Human Serum Albumin의 결합에 관한 연구 (Drug-Biomacromolecule Interactions (II) Binding of Cephalothin and Cefazoline to Human Serum Albumin Using Difference Spectrophotometry)

  • 김종국;양지선;안해영;김양배;유병설
    • 약학회지
    • /
    • 제25권4호
    • /
    • pp.161-165
    • /
    • 1981
  • The binding of two cephalosporins, cephalothin and cefazoline to human serum albumin(HSA) was studied by difference spectrophotometry using a spectrophotometric probe, 2-(4'-hydroxybenzeneazo) benzoic acid. The probe is strong visible absorbing material which interacts with serum albumin to give characteristic spectrophotometric peaks and provides the basis for a convenient assay to measure free and bound amounts in the presence of serum albumin and competitive drugs. The results obtained showed that the probe and cephalosporin compete for the same binding site on human serum albumin; thus the probe can be used to gauge the displacement of cephalosporins from human serum albumin. The data were interpreted on the basis of theory of multiple equilibria. The number of binding sites of human serum albumin for 2-(4'-hydroxybenzeneazo) benzoic acid(HBAB), cephalothin and cefazoline appears to be 4. By using this technique the binding constants were found as follows: HSA-HBAB, $7.89{\times}10^{4}M^{-1}$; HSA-cephalothin, $1.09{\times}10^{3}M^{-1}$ ; HSA-cefazoline, $1.21{\times}10^{3}M^{-1}$.

  • PDF

과점산업(寡占産業)에서의 진입제한가격(進入制限價格) (Limit Pricing by Noncooperative Oligopolists)

  • 남일총
    • KDI Journal of Economic Policy
    • /
    • 제12권1호
    • /
    • pp.127-148
    • /
    • 1990
  • 이 논문의 기본목표는 Bain 이래 논란의 대상이 되어 온 기존기업들에 의한 진입제한가격(進入制限價格)의 형성이 일반적으로 가능한가, 가능하다면 어떠한 메커니즘을 통해 형성되는 가를 밝히고, 진입제한가격이론(進入制限價格理論)이 한국경제에 갖는 의의를 찾아보는데 있다, 이 논문에서 밝혀질 주요결과는 다음과 같다. 첫째, 다수의 기존기업(旣存企業)이 각자의 이윤극대화(利潤極大化)를 추구하며 카르텔을 형성하지 않는 때에도 기존기업(旣存企業)과 잠재적(潛在的) 신규기업간(新規企業間)에 정보의 불균형이 존재하는 경우 진입제한가격(進入制限價格)이 채택될 가능성이 있다. 둘째, 이러한 과점기업(寡占企業)들에 의한 진입제한가격형성(進入制限價格形成)은 암묵적 담합의 새로운 형태로 해석할 수 있다. 셋째, 진입제한가격형성(進入制限價格形成)은 각종 회계자료(會計資料)가 공표되지 않을 경우에 가능하다. 넷째, 기존기업(旣存企業)의 수(數)가 증가하여 산업(産業)이 완전경쟁산업(完全競爭産業)에 접근해 감에 따라 진입제한가격(進入制限價格)이 형성될 가능성은 사라지게 된다.

  • PDF