Since the P* and Q* represent the condition where quantity supplied and quantity demanded are the same at a given price, it is, in fact, the case that P* and Q* graphically represent the intersection of the supply and demand curves. It is often helpful to compare the equilibrium that yo...
No-arbitrage conditionMaximin expected utilityWe consider a model with a finite number of states of nature where short sells are allowed. We present a notion of no-arbitrage price weaker than the one of Werner (1987) that we call weak no-arbitrage price. We prove that in the case of ...
7.(Physiology)physiola state of bodily balance, maintained primarily by special receptors in the inner ear 8.(Economics) the economic condition in which there is neither excess demand nor excess supply in a market [C17: from Latinaequilībrium,fromaequi-equi- +lībrapound, balance] ...
What is the condition of equilibrium in macroeconomics? Define the term "equilibrium" in an economic context. What are the fundamentals of macroeconomics, and how do they affect the average consumer? How can you tell if the economy is in equilibrium?
Economic equilibrium is a condition or state in which economic forces are balanced. When there is economic equilibrium, all economic variables likesupply and demandremain unchanged provided there are no influencing external factors. This means these variables are all in their natural state. Economic eq...
<扩> change in determinants of general equilibrium 一般均衡决定因素的变动<扩> chemical equilibrium 化学平衡<扩> chemical equilibrium condition 化学平衡条件<扩> chemical equilibrium constant 化学平衡常数<扩> competitive equilibrium 竞争均衡; 竞争均衡; 竞争性均衡; 竞争性均衡; 竞争性平衡; 竞争性平衡<扩...
Equilibrium and uniform motion are two related but distinct terms, each with different meanings. They are related in the sense that uniform motion results due to a condition that is in equilibrium. Because opposing forces are in balance, there is no net force that will act on a stable system...
网络弱鸡赛局有两个均衡点;平衡 复数:equilibriums复数:equilibria 搭配 同义词 反义词 v.+n. maintain equilibrium,upset equilibrium,seek equilibrium,preserve equilibrium 英汉 英英 网络释义 n. 1. 平衡,均衡,均势,相称 2. (心情的)平静 3. (判断的)不偏不倚...
economic theories in economics to verify and describe it. The rough one is Say's theory described in words-supply creates its own demand. The refined one is the general equilibrium theory derived based on the mathematical set theory - the static equilibrium of the economy under the condition ...
In this section, the formal definition of aNash equilibriumis first introduced. With this definition, an application of theoptimalitycondition leads to that a problem has aNash equilibriumif and only if system(2.1)has a solution. After exploiting the properties of pure strategy and multilinear term...