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References in periodicals archive ?
The purpose of this article is to (1) explore the concept of market equilibrium by tracing its evolution, (2) present a new definition for market equilibrium and equilibrium vacancy rate, and (3) offer possible applications of the new approach to market equilibrium.
This is because we must begin inside the production possibility curve if both consumption and investment rise, (2) the size of the resulting change in consumption (the role of the mpc) is made evident: the larger it is, the larger the multiplier, (3) the economy is seen as moving, albeit in logical rather than historical time, from one equilibrium to the next, not jumping from one to the other, (4) allocation of resources is shown to be important since this is the critical rationale of the production possibility frontier, and (5) the curve itself does not shift since investment in the Keynesian world is demand creating only.
The definition of non-equilibrium depth of supply and demand in city agglomeration transportation system indicates that k = i, the relation between supply and demand keeps in equilibrium, or it will turn to be non-equilibrium.
We find that the efficient, full-information equilibrium can be obtained.
Balance: While the term equilibrium is typically used to describe the state of a body that is not changing its speed or direction when all forces/torques cancel out to zero, balance is conceived to be a fundamental requirement for athletic performance and everyday activities.
I examine the relationship between the solution concepts of Nash and Cournot in Section II, contrasting Nash's general formulation of equilibrium points to Cournot's specific application.
1999, proposition 1) show that there exists a subgame perfect price-location equilibrium iff [a.
Moody's Investors Service and Equilibrium have had a technical services agreement since 2007, through which Moody's has provided Equilibrium with technical support based on its globally recognized credit analysis techniques for companies, governments, financial institutions and structured finance.
The difficulties of computing and estimating more general recursive competitive equilibrium models, they add, limit the use in applied problems.
In these seventeen chapters, Tieben mainly addresses three related issues: the meaning of economic equilibrium, the reason for its persistence and dominance in economic analysis, and its role in controversies among various schools of economic thought (pp.
From what appears to have been the first use of the term in economics by James Steuart in 1769, down to the present day, equilibrium analysis (together with its derivative, disequilibrium analysis) has been the foundation upon which economic theory has been able to build up its not inconsiderable claims to 'scientific' status.
The multi-agent machine learning community has observed that for no-regret algorithms, play converges to a correlated equilibrium as shown in Foster (1995), whereas only under additional restrictions can convergence to a Nash equilibrium be guaranteed, as in Jafari et al.