To describe ultrarelativistic heavy-ion collisions we construct a three-fluid hydrodynamical model. In contrast to one-fluid hydrodynamics, it accounts for the finite stopping power of nuclear matter, i.e. for nonequilibrium e ects in the early stage of the reaction. Within this model, we study baryon dynamics in the BNL-AGS energy range. For the system Au+Au we find that kinetic equilibrium between projectile and target nucleons is established only after a time teq CM H 5 fm/c C 2RAu/³CM. Observables which are sensitive to the early stage of the collision (like e.g. nucleon flow) therefore di er considerably from those calculated in the one-fluid model
