partial equilibrium analysis

partial equilibrium analysis

the analysis of relationships within a particular subsector of an economy (for example, an individual market) that proceeds on the basis that events in this sector have such an insignificant impact on other sectors that feedback effects will be negligible or nonexistent. For example, an increase in the price of carrots is unlikely to have much effect on the general price level, so any possible feedback effects can be safely ignored for purpose of analysing the market for carrots. Thus, in partial equilibrium analysis each subsector is treated as a self-contained entity. See GENERAL EQUILIBRIUM ANALYSIS.
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First he uses a partial equilibrium analysis to provide a qualitative evaluation of the inefficiencies in the unregulated market and the welfare effect of airport quotas ("airport slots"), secondary quota trading, and congestion pricing.
The critical point here, according to Tieben, is that Keynes applied partial equilibrium analysis to reduce the complexities of time and uncertain knowledge in economics to manageable proportions.
Specific experience in research and training on agricultural policy analysis including application of the policy analysis matrix, partial equilibrium analysis and general equilibrium analysis;
Given that the primary ruble exchange rate drivers are commodity prices and CBR interventions on the foreign exchange market, a partial equilibrium analysis offers an accurate indication of the effects of a moderate increase in inflation on different sectors.
He states: "[W]hereas partial equilibrium analysis indicates that an increase in the monopoly price in any one sector invariably yields a loss, viewed more generally such an isolated price increase may actually lead to a desirable reallocation of resources.
This paper will answer this question by way of a partial equilibrium analysis.
The cournotian approach to competition is thus based on the strategic interaction of producers in partial equilibrium analysis.
The third partial equilibrium analysis involves the gas composition, whether oxidizing or reducing, and the catalyst surface.
This use of partial equilibrium analysis is troubling.
Unlike other texts on microeconomic theory, this text introduces the student to the general equilibrium approach to microeconomics by covering the two-sector model right from the start, rather than concentrating on partial equilibrium analysis.
Rate Under partial equilibrium analysis, an endogenous domestic wage
It essentially extends the results of Stretcher (2002), which presents a partial equilibrium analysis of non-market clearing firm to show that introduction of the opportunity cost of capital to discount future incremental profits will reduce the ability of 'small menu costs' to generate large business cycles.