In general terms, a dynamic equilibrium describes a state of balance between two processes. The term is used in scientific fields such as chemistry and physics which is where it originates. This ...

Caroline Banton has 6+ years of experience as a writer of business and finance articles. She also writes biographies for Story Terrace. Yurle Villegas / Investopedia The theory of price states that ...

The following example is used in many test libraries for nonlinear programming. It appeared originally in Bracken and McCormick (1968). The problem is to determine the composition of a mixture of ...

In the context of markets, equilibrium is when there's a balance between supply and demand, causing prices to stabilize. When there's an imbalance between supply and demand, prices tend to fluctuate ...

This paper analyzes a general model of two-player bargaining in the shadow of war, where one player possesses private information concerning the expected benefits of war. I derive conclusions about ...

The following example is used in many test libraries for nonlinear programming and was taken originally from Bracken and McCormick (1968). The problem is to determine the composition of a mixture of ...