It will be referred to as the third equation for static equilibrium
of actions or in brief way--simply the third equation.
Capacity constraints are the only way to model noncompetitive pricing as a static equilibrium
in a full-information homogeneous-product price-setting market.
We showed that if in the multiperiod dynamic model a competitive Nash equilibrium exists, it is Pareto-superior to the static equilibrium
if, and only if, conditional contracts are allowed.
Bankers in a divided industry might try to achieve informal coordination to mitigate the loss that they would collectively suffer in static equilibrium
The second way the theory of the big push contradicts the conclusions of the static equilibrium
theory is that in dealing with the problems of growth, the theory of the big push "examines the path towards equilibrium, not the conditions at the point of equilibrium only.
The goal in TQM is to keep on improving--that is, to pursue a dynamic rather than a static equilibrium
When these are displayed on a graph, static equilibrium
, where change has stopped, appears as a dot.
Therefore it is likely that Kalecki's dissatisfaction with static equilibrium
theorising was the reason why no further use was made of his `three Systems' framework.
Only in static equilibrium
does competition guarantee that profits will not be above normal.
Also, the force output of the SMA actuator must produce joint torques, which are high enough to maintain the robot in static equilibrium
While Harcourt might agree there, he takes issue with Krugman saying that we are all Keynesians again and that Keynes mainly produced a static equilibrium
We define a static equilibrium
and a steady-state equilibrium and provide the conditions that the aggregate rent-seeking technology ought to satisfy in order for these equilibria to exist, and also further conditions ensuring uniqueness.