Equilibrium

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Related to equilibria: Punctuated equilibria

Equilibrium

The stable state of the system. See: Attractor.

Equilibrium

A state of stable prices brought about by the rough equality of supply and demand. This applies for consumer goods, securities, and most other goods and services.

equilibrium

a state of balance with no tendency to change. See EQUILIBRIUM MARKET PRICE, EQUILIBRIUM LEVEL OF NATIONAL INCOME, DISEQUILIBRIUM.
References in periodicals archive ?
In both cases, a convergence toward the equilibria is evident.
It is therefore of immediate interest to evaluate location equilibria under risk aversion and consider whether these explain the data better than the risk-neutral equilibrium or approximate equilibrium predictions.
There exist two distinct equilibria where the quantity played by the domestic firm signals costs: 1) when, [Mathematical Expression Omitted] the low-cost firm plays [Mathematical Expression Omitted], the high-cost firm [Mathematical Expression Omitted], 2) when [Mathematical Expression Omitted], the low-cost firm plays [Mathematical Expression Omitted], the high-cost firm [Mathematical Expression Omitted].
For these reasons, we shall only describe the stable equilibria in section IV.
Recursive Competitive Equilibria and Capital Asset Pricing: Essays in Financial Economics.
The proof uses dominance arguments (drawing on Osborne and Pitchik 1987) to limit a firm's pricing support in any equilibrium to a single point, thus ruling out mixed strategy equilibria.
For the MWS and Wilson equilibria, we can simultaneously find a [[lambda].
Regardless of the number of equilibria in the interior first quadrant, [E.
The equilibria we propose in Proposition 2 satisfies the D1 refinement, and it is the only equilibrium that does so.
The new volume is part of the acclaimed series, Phase Equilibria Diagrams (known formerly as Phase Diagrams for Ceramists) produced jointly by NIST and ACerS.
These stylized facts refute only the simplest way of modeling multiple equilibria and even then only under fairly specific conditions.