Definition A Markov perfect equilibrium of the duopoly model is a pair of value functions $(v_1, v_2)$ and a pair of policy functions $(f_1, f_2)$ such that, for each $i \in {1, 2}$ and each possible state,
Our theme will render both the Bold text Definition and the Definition text Markov perfect equilibrium as brown text. there is no way to distinguish between these unless we change **Definition** to a sub-heading or an admonition.
@jstac Do you agree?
Definition A Markov perfect equilibrium of the duopoly model is a pair of value functions$(v_1, v_2)$ and a pair of policy functions $(f_1, f_2)$ such that, for each $i \in {1, 2}$ and each possible state,
Our theme will render both the Bold text
Definitionand the Definition textMarkov perfect equilibriumas brown text. there is no way to distinguish between these unless we change**Definition**to a sub-heading or an admonition.@jstac Do you agree?