We consider repeated games with transferable utility: players have an endowment of wealth in each period in which transfers can be made. We show that if endowments are large enough and the comon discount factor high enough, then a trongly renegotiation-proof equilibrium (SRP) in the sense of...

Using a simultaneous equation model initially developed by Shrieves and Dahl this article shows that Japanese banks in comparison to European banks, have focused on factors other than those that impact on bank safety levels. This has left Japanese banks in a vulnerable position with respect to...

As managers of agricultural and natural resources are confronted with uncertainties in global change impacts, the complexities associated with the interconnected cycling of nitrogen, carbon, and water present daunting management challenges. Existing models provide detailed information on...

The phase equilibria of a lattice gas confined two parallel walls are investigated in mean-field approximation. Only a finite number of the first-order layering transitions, characteristic of the adsorption isotherms π(μ) for a strongly attractive substrate, survive when the wall- separation H...

We consider the equilibrium properties of a simple one-dimensional model for a colloid–polymer mixture in which the colloids are modelled by hard rods and the polymers are treated as ideal particles excluded from the colloids by a certain distance. By mapping the binary mixture to an effective...