Equilibrium

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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 general, two-stage market equilibria cannot be associated with equilibria in one market place.
Next we define two-stage market equilibria. The definition is based on the given partition P of the consumer population I into groups.
When risks are imperfectly categorized and Nash-Riley unregulated market equilibria prevail, weak anti-discrimination regulation yields no change in the menu of contracts on offer.
When considering competitive insurance market equilibria, this article shows that the combination of private insurance with two dynamically traded assets generates effectively complete markets.
In stationary market equilibria, all the firms in the market will offer the same optimal contract derived in the previous section since they face the same programming problem.