从本质上说,我们所做的就是操纵市场,以引入人为的风险水平来避免劣均衡。
What we did, essentially, is rig the market by imposing an artificial risk level that would help prevent a bad equilibrium.
均衡控制是潜艇操纵的一个方面,它是为了保证潜艇能够实现一定的航行姿态。
Equilibria control is one hand of submarines' maneuver, and its function is to assure submarines to be able to achieve some navigate state.
当收购活动量水平较高时,唯一的均衡形式是操纵者没有利润,若允许收购者放弃报价则增加了社会盈余。
The conclusion is that the unique equilibrium leads to a non profitable manipulation, and social surplus is increased by the possibility of dropping bids, if the level of takeover activity is high;
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