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 ...
<扩> centre of equilibrium 平衡中心<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...
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...
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] ...
It is shown that the condition, together with Walras's law, guarantees the existence of price equilibrium in economies with excess demand functions. The condition is also necessary, and thus our results generalize all the existing results on the existence of price equilibrium in economies where ...
Under the assumption that agents are prudent, equilibrium is characterized by the fact that agents consume bundles with the same utility in states that they do not distinguish. This is a weaker condition than the restriction of equal consumption imposed by Radner (Econometrica 36(1), 31–58, ...
美[ˌekwɪˈlɪbriəm] 英[ˌiːkwɪˈlɪbriəm] n.均衡;(心情的)平静;(判断的)不偏不倚 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 ...
Remark 2.The transversality condition is used to resist additional terms in bubbly assets entering. Remark 3.This result means infinite dimensional methods will be unnecessary to solve or approximate this model and should extend to other DSGE. ...