短期均衡是指各种有关经济变量在短时间内仅能部分调整而达到的市场供求均衡状况。长期均衡是短期均衡的对称指各种经济变量在长时间内能够充分调整以达到市场供求均衡的状况。 微观经济理论中短期指生产者来不及调整全部生产要素的数量至少有一种生产要素的数量是固定不变的时期。因此企业在短期内达到利润最大化并保持不...
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and Wallis, K.F. (1998), 'Short-run rigidities and long-run equilibrium in large-scale macroeconometric models', in Market Behaviour and Macroeconomic Modelling (S. Brakman, H. van Ees and S.K. Kuipers, eds), Macmillan, forthcoming....
this paper investigates this puzzle from both long-run and short-run perspectives and obtains some interesting results.In the short-run,due to its low concentration Chinese steel industry is in prisoner's dilemma equilibrium,which to some extent can well explain why iron ore import price always ...
Long-run equilibrium and short-run dynamics between risk exposure and highway safety 来自 EconPapers 喜欢 0 阅读量: 22 作者:Rehim Kl,P Mccarthy 摘要: Based upon monthly California data, this exploratory analysis uses vector error correction methods and associated statistical tests to identify the ...
What is short-run supply curve in perfect competition? What is the difference between long run profit for perfect competition and monopolistic competition? a. What happens to the economic profits of a firm operating under monopolistic competition in the short run and long run? b. How does...
We find a shift in the long-run equilibrium during the bubble —the cointegration parameter that ties the tiers together is greater in absolute value during the bubble period compared to the periods of more moderate appreciation and depreciation rates. Moreover, the shift in the long-run ...
All of them entail a dispersed distribution of short-run preferred arrival times.We obtain the intriguing results that the dispersion is lower in the social optimum thanin the unpriced equilibrium, and that the application of first-best short-run tolls doesnot induce efficient long-run choices of...
This paper presents a dynamic general equilibrium model that allows the distinct short-run and long-run effects of monetary policy to be explained. There are two main features of the model. The first is the consideration of a financial intermediary that must use money to meet legal reserve requ...