FOC for an interior solution

Greek translation: Συνθήκη πρώτης τάξης για μία εσωτερική λύση

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:FOC for an interior solution
Greek translation:Συνθήκη πρώτης τάξης για μία εσωτερική λύση
Entered by: Ioanna Karamitsa

16:04 Jun 22, 2015
English to Greek translations [PRO]
Bus/Financial - Mathematics & Statistics
English term or phrase: FOC for an interior solution
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!!!!! :(
Ioanna Karamitsa
Brazil
Local time: 21:13
μία εσωτερική λύση
Explanation:
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 ...
Selected response from:

DLyons
Ireland
Local time: 01:13
Grading comment
Ευχαριστώ!
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1μία εσωτερική λύση
DLyons


  

Answers


10 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
an interior solution
μία εσωτερική λύση


Explanation:
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).

--------------------------------------------------
Note added at 12 mins (2015-06-22 16:17:29 GMT)
--------------------------------------------------

"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"

--------------------------------------------------
Note added at 1 hr (2015-06-22 17:16:35 GMT)
--------------------------------------------------

I'd lay odds that the FOC equations will be things like ∂L/∂I = 0 ...

DLyons
Ireland
Local time: 01:13
Specializes in field
Native speaker of: English
PRO pts in category: 12
Grading comment
Ευχαριστώ!

Peer comments on this answer (and responses from the answerer)
agree  Nick Lingris: Και FOC = συνθήκη πρώτης τάξης / τάξεως.
7 hrs
  -> Thanks Nick. Yes, συνθήκες πρώτης τάξης is spot on.
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