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 ?
S., 2006, Credible Forward Commitments and Risk-Sharing Equilibria, Working Paper.
These solutions are used later for computing the starting point in the numerical procedure for computing the equilibria with required precision.
Then, we aim for existence results for intermediate equilibria and study their properties.
6(a) compares the model results with the experimentally determined liquid phase ionic equilibria CO2-DEA-H2O system [23].
We gave a full account of the equilibrium points and their stability and derived the Nash equilibria. In particular, we found that if v > 0, c > 0, then the strategy pairs [HD, HD] and [DH, DH] are Nash equilibria.
(2) The equilibria of system (6) for the strong Allee effect case are
Chen, "Constructing a chaotic system with any number of equilibria," Nonlinear Dynamics.
Ning, "Phase equilibria of quaternary system KCl-KBr-[K.sub.2]S[O.sub.4]-[H.sub.2]O at 323 K," Petrochemical Technology, vol.
Nevertheless, Hurwicz (1945, 1953) is raising an essential issue in game theory, that equilibria depend on (i) the rationality of the players and (ii) their specific beliefs.
This Chapter deals with the interplay between competitive equilibria and autoregressive representations.
We imagine a mediator selecting the outcome of the game; correlated equilibria guarantee that obeying the mediator will minimize the expected cost for each player (or maximize the expected utility), and thus that it is in the best interest of the players to follow the outcome selected through mediation.
Segovia-Hernandez, "Constrained and unconstrained Gibbs free energy minimization in reactive systems using genetic algorithm and differential evolution with tabu list," Fluid Phase Equilibria, vol.