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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The present paper uses partial equilibrium analysis and general equilibrium numerical simulation to address two inter-related research questions.
My point here is that a partial equilibrium analysis of any problem in the economy will likely yield a different analysis, and policy prescriptions, compared to a general equilibrium analysis.
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;
In a competitive setting for an industry (Salter's work initially was a Marshallian partial equilibrium analysis), if we also assumed that technical advances do not occur continuously but, rather, periodically, the firms and the industry would approach an equilibrium level.
In other words, we employ what economists term a partial equilibrium analysis for each of the main 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.
However, our model is a partial equilibrium analysis under one industry with one policy instrument.
The cournotian approach to competition is thus based on the strategic interaction of producers in partial equilibrium analysis. It is important to remark that he solution concept proposed by Cournot does not presuppose the knowledge of the entire set of strategies for every producer (or player).
The third partial equilibrium analysis involves the gas composition, whether oxidizing or reducing, and the catalyst surface.
critiques rely on a partial equilibrium analysis. They examine the