Sentence examples for price equilibria from inspiring English sources

In this approach, the market-clearing prices are those which exactly align supply and demand, and the system is studied through the characterization of price equilibria.

As it was stated before, the algorithm resembles the best response map, so the convergence towards the price equilibria depends on the initial price and the size of the changes in prices ((epsilon)).9 Once the algorithm has reached an equilibrium, the algorithm will be continuously testing if any deviation is profitable.

We characterize the premuneration values under which uniform-price and personalized-price equilibria agree.

We characterize the premuneration values under which uniform-price equilibria similarly exhibit inefficiencies only in the event of coordination failures.

We then examine the inefficiencies that arise when the premuneration values preclude the agreement of uniform-price and personalized-price equilibria.

Personalized price equilibrium outcomes are independent of premuneration values and exhibit inefficiencies only in the event of "coordination failures," while uniform-price equilibria depend on premuneration values and in general feature inefficient investments even without coordination failures.

With this attention externality, depending on the cost of producing quality some markets exhibit "commoditized" price salient equilibria, while others exhibit "de-commoditized" quality salient equilibria.

Price-payment equilibria are non-unique and, moreover, the set of equilibria is not necessarily connected.