Under the hypotheses of Bertrand competition, the necessary and sufficient conditions for the fully separatingequilibrium of two-stage insurance are studied.
在伯川德竞争假设下,研究两期保险完全分离均衡存在的充要条件。
2
The research shows that on the given conditions there are possible equilibriums whose efficiencies are decreasing: separatingequilibrium, semi-separatingequilibrium and pooling equilibrium.
研究表明,在一定条件满足时速存在着三种效率依次递减的均衡:分离均衡、混杂均衡和共用均衡。
3
Rather than separating off the financial world from the rest of the economy, financial equilibrium is studied as an extension of economic equilibrium.