Equilibria

The interaction of growth and business cycle can then take a slightly different form: alternation of good and bad equilibria is not just a simple averaging.) ❋ Unknown (1992)

They do not regard business cycles as aberrations but as moving "equilibria," "optimal" responses to the ever-changing natural economic environment. ❋ Tobin, James (1986)

He will find that general equilbrium theorists argue that there are "equilibria" in which market prices jump around with no relevant news (based on irrelevant news that has nothing to do with tastes or technology). ❋ Unknown (2008)

The hominid fossil record isn’t even especially “jerky” when examined quantitatvely at fine-scale resolution, so the creationists don’t even have their usual incompetent misconstrual of punctuated equilibria which is actually about morphologically small gaps between closely-related sister species to rely upon. ❋ Unknown (2006)

They are called "general equilibrium" because they are based on the fundamental idea of free market economics: that the economy consists of a huge number of separate equilibria between supply and demand and that all these markets clear, or match supply with demand, at once. ❋ Ian Fletcher (2011)

Game TheoryFor their pioneering analysis of equilibria in the theory of non-cooperative games ❋ Unknown (2010)

These refinements made it possible to exclude a number of theoretically possible but unstable or irrelevant equilibria. ❋ Unknown (2010)

Since one and the same mechanism in some cases turns out to generate several different equilibria ( "multiple equilibria"), the task remains to develop methods to find an optimum equlibrium. ❋ Unknown (2010)

Nobel Prize was, however, awarded for his later work on chemical kinetics and equilibria and on the osmotic pressure in solution, published in 1884 and 1886, when he held a professorship in Amsterdam. ❋ Unknown (2010)

The sheer range and interconnectedness of the problems that the nation faces are such that any permanent solution to any one of them will require profound systemic change that will necessarily upset many economic, political and cultural equilibria. ❋ Unknown (2011)

Did he say he is an agnostic about the concept of punctuated equilibria, one of his favorite theories? ❋ Unknown (2010)

That is to say, free market economics holds that if market forces are allowed free play, then the prices and production of things will reach natural equilibria that are the most efficient outcome that could exist. ❋ Ian Fletcher (2011)

When such equilibria run long enough, often it takes a Leviathan to resolve them. ❋ Unknown (2009)

It will take liquidity provision to avoid multiple equilibria. ❋ Olivier Blanchard (2011)

First, post the 2008-09 crisis, the world economy is pregnant with multiple equilibria -- self-fulfilling outcomes of pessimism or optimism, with major macroeconomic implications. ❋ Olivier Blanchard (2011)