If there is a great demand for houses of this and nearby levels of desirability, prices of all existing houses with these levels of desirability will rise to near their new higher long-term equilibrium prices
2] are known, the equilibrium prices
, quantities, and profits as well as the total profit can be calculated accordingly under both price and quantity competitions.
Thus, the market supply and demand dynamics won't determine exclusively the equilibrium prices
in one way, but also the market prices distorted by the credit tendency or by other market variables are able, from the opposite way, to determine the supply and demand evolution as well.
The equilibrium prices
and quantities were then computed assuming two scenarios: no biofuel production and biofuel production at 2007 levels.
The experiment tests theoretical predictions that (i) equilibrium prices
will be lower when firms advertise with the price than when they advertise and then choose the price; and (ii) firms will choose to advertise less if their advertising does not convey the price.
reflect the probabilistic presence of an uninformed investor and an informed trader: (16)
They can trade continuously and trading takes place only at equilibrium prices
This is a valid solution as long as the whole market is indeed served at the equilibrium prices
of the sub-game (i.
To define equilibrium prices
for each agricultural product.
It is also shown that in equilibrium prices
of insurance will be unfair, i.
Finally, equilibrium prices
, profits, innovation, and consumer surplus are all increasing in the consumer's discount factor.
But it is also reshaping equilibrium prices
for commodities, energy, and raw materials as well as of asset prices.