Then ([mathematical expression not reproducible]) is a two-stage market equilibrium
and x is a Pareto-optimal allocation corresponding to a "free trade equilibrium."
Simple computations show that, solving the consumer maximization problems for agents of types [alpha] and [beta] and using a market clearing condition, the market equilibrium
price is given by
Second, a change in user expectations can significantly affect market equilibrium
. When user expectations are perfect and market equilibrium
is stable, an increase in price will lead to a decline in the share of the share of the population that use the network good.
D'Emic gives it a qualified assent, based mainly on Saravia's analysis of the market equilibrium
price and of the just price.
In addition, the object of Equation (3) is the optimal mean-variance efficient portfolio for n securities rather than the market equilibrium
. In other words, previous studies substitute the market portfolio under the equilibrium condition in CAPM for the unobservable mean-variance efficient portfolio.
Equation (3) gives the commodity market equilibrium
"The Inefficiency of the Stock Market Equilibrium
." The Review of Economic Studies 49 (April): 241-61.
The "Depositors" may withdraw their funds; the "Banks" tend to leverage with debt and accumulate assets to maximise return on equity; the "Counter-parties" may default on their obligations; the "Regulators" seek banking system soundness and market equilibrium
; other "Parties" within the interlinked balance sheets may have contingent claims on each other and, if the matters get worse, the "Public/tax payers" face the cost of deposit protection and financial crisis.
These movements along and/or shifts in the supply and demand curves are reflected in the market equilibrium
prices and quantities illustrated in Figures 1 and 2.
Removing emotion from the mix supports a quicker return to market equilibrium
. For the current recovery to prosper, we need investors to step in and prosper as well.
"In the case of sterile injectables, there is very little margin for error, so a lack of sustained investment in infrastructure and vigilant quality focus can produce what economists term a 'bad market equilibrium
,' particularly the problem of reliability, in which quality problems are rife," they wrote.
The market equilibrium
model above is perfect in theory but the application is not convenient.