Glossary entry

English term or phrase:

FOC for an interior solution

Greek translation:

Συνθήκη πρώτης τάξης για μία εσωτερική λύση

Added to glossary by Ioanna Karamitsa
Jun 22, 2015 16:04
9 yrs ago
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English term

FOC for an interior solution

English to Greek Bus/Financial Mathematics & Statistics
The optimal deviation can be found from the first order condition (FOC) of the deviating firm given that the other firms are committed to their coordinated strategy Q_(-i)=(1-S_i ) Q^m;Q^m=(a-c)/2b is the total output under monopoly.

The FOC for an interior solution is :
xxx more equations...

They promised a legal text!!!!! :(
Proposed translations (Greek)
4 +1 μία εσωτερική λύση

Proposed translations

+1
10 mins
English term (edited): an interior solution
Selected

μία εσωτερική λύση

This means a solution that is not on the boundary i.e is in the interior of the region under consideration. Better to post a separate question for FOC if you need that (keeps the Glossary cleaner).

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Note added at 12 mins (2015-06-22 16:17:29 GMT)
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"Θα βρούμε και στη συνέχεια θα ενώσουμε τρεις ασυμπτωτικές λύσεις (για τον πρωτεύοντα όρο):
1. Μία εσωτερική λύση κοντά στο r = 0
2. Μία ενδιάμεση λύση όταν 0 < r < 1
3. Μία λύση στο οριακό στρώμα που βρίσκεται κοντά στο r = 1"

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Note added at 1 hr (2015-06-22 17:16:35 GMT)
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I'd lay odds that the FOC equations will be things like ∂L/∂I = 0 ...
Peer comment(s):

agree Nick Lingris : Και FOC = συνθήκη πρώτης τάξης / τάξεως.
7 hrs
Thanks Nick. Yes, συνθήκες πρώτης τάξης is spot on.
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4 KudoZ points awarded for this answer. Comment: "Ευχαριστώ!"
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