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 ?
This definition of market equilibrium is substantially similar to the definition in the fifth edition of The Dictionary of Real Estate Appraisal referenced by Jorgensen and Fanning.
It is the industry supply curve, in the presence of the emissions fee, and the intersection of this curve with the demand curve gives the market equilibrium.
Definition 1 Competitive market equilibrium consists of a consumption allocation, [^.
The section concludes with a short review of the model plus the definition of an insurance market equilibrium.
as the investment of North and South, respectively, the market equilibrium in the North is as follows because the investment demand for the Northern goods by both regions is PI + P[I.
This paper presents a new derivation of the Modigliani and Miller (1958, 1963, 1966) propositions using the simple model of capital market equilibrium with incomplete information presented in Merton (1987).
Otherwis e, some of the effective market equilibrium curves will differ from the notional curves, depending on which markets the spillovers enter.
Clearly, for a lay-off to be perceived as a real penalty, it must be the case that the probability of a fired worker finding a new job is smaller than one, which implies that the labor market equilibrium in this model must be characterized by unemployment.
Points to the left and below the credit market equilibrium curve CM imply an excess demand for credit.
Further, according to Patinkin, Kalecki did not provide an integrated treatment of goods market equilibrium (the IS curve) with money market equilibrium (the LM curve) (together the AD curve).
According to Islamic Banking regulations, there is no official interest rate and the interbank rate of overnight borrowing can be considered the market equilibrium rate.