Sentence examples for be a general equilibrium from inspiring English sources

Let (x^) be a general equilibrium of system (2.3).

First, it must be a general equilibrium model of the economy.

However, if you subscribe to perfect market theory, there should be a general equilibrium around the cost of human capital over the long term.

While VAT is a general equilibrium policy, its impact has been primarily considered in partial equilibrium contexts.

Robert Barro and Herschel Grossman formulated general disequilibrium models in which individual markets were locked into prices before there was a general equilibrium.

Suppose p ∗ ∈ R + n, F ( p ∗ ) = 0, and F is differentiable at p ∗. Then ( p ∗, 0 ) is a fixed point of ℱ (i.e., F ( p ∗, 0 ) = ( p ∗, 0 ) ) and is also a general equilibrium of the economy.

The excess demand function is defined by F = ( f 1, …, f n ) = D − S. If there is a price system p ∗ ∈ R + n such that F ( p ∗ ) = 0, meaning that the demand in each market is equal to the supply, then the state ( p ∗, F ( p ∗ ) ) = ( p ∗, 0 ) of prices and excess demand is called a general equilibrium of the economy.

The costs of government investments are all direct monetary costs, while the opportunity costs, which should be valued within a general equilibrium framework, should be taken into account in further studies.

They also suggest that final conclusions can only be obtained with a general equilibrium model.

A general equilibrium approach is used to demonstrate that: (i) futures contracting (on Islamically permissible commodities) is pareto-optimal over the Islamic forward contract of Bai' Salam; and (ii) both forms of contracting constitute a quasi-equity claim instead of debt (dayn) as construed by the majority of Islamic jurists.

Furthermore, a general equilibrium model can be specified in terms of quantities or prices.