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In game theory, the price of stability (PoS) of a game is the ratio between the best objective function value of one of its equilibria and that of an optimal outcome. The PoS is relevant for games in which there is some objective authority that can influence the players a bit, and maybe help them converge to a good Nash equilibrium. When measuring how efficient a Nash equilibrium is in a specific game we often also talk about the price of anarchy (PoA), which is the ratio between the worst objective function value of one of its equilibria and that of an optimal outcome.
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theory, the priceofstability (PoS) of a game is the ratio between the best objective function value of one of its equilibria and that of an optimal outcome...
Pricestability is a goal of monetary and fiscal policy aiming to support sustainable rates of economic activity. Policy is set to maintain a very low...
increase in the pricesof goods and services in an economy. This is usually measured using the consumer price index (CPI). When the general price level rises...
inefficient proof: Priceofstability is equal to best Nash equilibrium divided by OPTimum. Therefore, in order to prove that Priceofstability = 1 it is sufficient...
concepts ofpriceof anarchy and priceofstability were introduced to capture the loss in performance of a system due to the selfish behavior of its participants...
_{s\in S}\operatorname {Cost} (s)}}} A related notion is that of the PriceofStability (PoS) which measures the ratio between the optimal 'centralized'...
Electronic stability control (ESC), also referred to as electronic stability program (ESP) or dynamic stability control (DSC), is a computerized technology...
Harmonised Index of Consumer Prices (HICP) is an indicator of inflation and pricestability for the European Central Bank (ECB). It is a consumer price index which...
the natural rate of the economy, and eliminate relative price movements of real or financial assets that will affect monetary stability or employment levels...
of some dynamic process (stability). In a competitive equilibrium, supply equals demand. Property P1 is satisfied, because at the equilibrium price the...
Provost of Princeton and former president of the Alfred P. Sloan Foundation. He was also the first head of the Council on Wage and PriceStability, a short-lived...
single mandate ofpricestability. Jean-Claude Trichet, Governor from 1993 to 2003, was the final Governor of the Bank until the establishment of the European...
Slope stability refers to the condition of inclined soil or rock slopes to withstand or undergo movement; the opposite condition is called slope instability...
inefficiencies in a game (the priceof anarchy), and then secondly optimizes the best-case outcomes (the priceofstability), is precisely the Shapley value...
The Stability and Growth Pact (SGP) is an agreement, among all the 27 member states of the European Union, to facilitate and maintain the stabilityof the...
primary purpose is pricestability. For that, the bank targets inflation. The 2016–18 target is consumer price inflation of 2.0%. The Bank of Korea was established...
state in which a country maintains full employment and price level stability. It is a function of a country's total output, II = C (Yf - T) + I + G + CA...
2007-09-28 at the Wayback Machine", KAZINFORM Let my people print The priceofstability. Kazakhstani control mechanisms in a bipolar cultural and demographic...
system offers stability for producers, processors, service providers and retailers. Detractors have criticized tariff-rate import quotas, price-control and...
The priceof oil, or the oil price, generally refers to the spot priceof a barrel (159 litres) of benchmark crude oil—a reference price for buyers and...
The priceof anarchy (PoA) is the ratio between the largest delay in Nash equilibrium, and the smallest possible delay overall. The priceofstability (PoS)...
Slope stability analysis is a static or dynamic, analytical or empirical method to evaluate the stabilityof slopes of soil- and rock-fill dams, embankments...
the pricestabilityof products (trying to limit deflation or inflation), increasing the organization and amount of information of the quotes of products...
Administered prices Capital control Council on Wage and PriceStability Maximum Retail Price Monopsony Price Ceiling Rockoff, Hugh (2008). "Price Controls"...
This activity is essential for organizations aiming to maintain stability in market prices and protect against significant fluctuations that could adversely...
strike price (or exercise price) of an option is a fixed price at which the owner of the option can buy (in the case of a call), or sell (in the case of a...
authority of a nation to affect monetary and other financial conditions to accomplish broader objectives like high employment and pricestability (normally...
policy can do to support long-term growth of the economy is to maintain pricestability, and pricestability is achieved by controlling inflation. The...
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