Proposition 3.2, p. 17 — the market equilibrium is unique: ω* = max{0, (ϕ − d − β⁻¹(ϕ − 1))/(1 − d)}, N*_r = (ρ/ν)(1−ω*)/(1+ω*), N*_s = (2ρ/c)(1−ω*)/(1+ω*)

Initializing...

Proposition 3.2, p. 17 — the market equilibrium is unique: ω* = max{0, (ϕ − d − β⁻¹(ϕ − 1))/(1 − d)}, N*_r = (ρ/ν)(1−ω*)/(1+ω*), N*_s = (2ρ/c)(1−ω*)/(1+ω*) · Prove2Me