Market Equilibrium 来自 掌桥科研 喜欢 0 阅读量: 11 作者: M Breytenbach 摘要: The platinum market is expected to remain in fundamental balance, albeit with a small 15 000 oz deficit for this year, the World Platinum Investment Council's (WPIC's) latest 'Platinum Quarterly' report shows. ...
We present a formulation of both market designs as an equilibrium problem with equilibrium constraints. We find that in a realistic network, prices are lower with the integrated market design.(This abstract was borrowed from another version of this item.) 展开 ...
A computable general equilibrium analysis of the economic effects of the Chernobyl nuclear disaster. and services in different sectors of the economy, their price; export and import quantities; private consumption; public sector demand; investment; domestic market price, import and export price, wage ...
In the study, an expected revenue model was built for the farmers and insurance institutes in China, with the aim of researching the realization conditions of the target price insurance market equilibrium; analysing the reasons and consequences of the moral hazards; obtaining a paradox and elaboratin...
Economics Onlinehas the following definition of the term: “Equilibrium is a state of balance in an economy, and can be applied in a number of contexts. In micro-economics, market equilibrium price is the price that equates demand and supply.” ...
Does the momentum effect arise naturally from the determination of asset prices in market equilibrium? We calibrate a standard endowment model of multiple assets under recursive preferences. The momentum effect partly comes from investors' aversion to consumption risks. An unexpected dividend increase gene...
None of them appears to be realistic enough to capture real processes going on in the market, although the Cournot competition model has been used to simulate the market outcome in some cases. In this paper, the supply function equilibrium as the most commonly used model is applied for ...
A commonly observed pattern is that the spot price tends towards a certain level of equilibrium, also called themean-reversion level. In order to account for this behavior,Schwartz (1997, p. 926)introduced another one-factor model. The so-called mean-reversion (MR) model assumes that the log...
When total pollutant emission is given, the initial emission permits are allocated by equilibrium analysis on enterprise's game behavior. A simulation model based on multi-agent is constructed, and an example based on simulation model is implemented. In model, the total pollutant emission is ...
Sharpe WF (1964) Capital asset prices: a theory of market equilibrium under conditions of risk. J Financ 19(3):425–442. https://doi.org/10.2307/2977928 Article Google Scholar Shu HC, Chang JH (2015) Investor sentiment and financial market volatility. J Behav Financ 16(3):206–219 Arti...