Disequilibrium Dynamics

1988 ◽  
Vol 90 (2) ◽  
pp. 189 ◽  
Author(s):  
Bernhard Eckwert ◽  
Ulrich Schittko
Keyword(s):  
Disequilibrium Dynamics

Disequilibrium dynamics with monetarist price expectations

1982 ◽  
Vol 9 (1) ◽  
pp. 69-75 ◽  
Author(s):  
Seppo Honkapohja ◽  
Takatoshi Ito
Keyword(s):  
Price Expectations ◽  
Disequilibrium Dynamics

New firm location: An equilibrium model and its disequilibrium dynamics

1994 ◽  
Vol 6 (2) ◽  
pp. 151-163
Author(s):  
Alberto Bramanti ◽  
Riccardo Girardi
Keyword(s):  
Equilibrium Model ◽  
Firm Location ◽  
New Firm ◽  
Disequilibrium Dynamics

scholarly journals Late Glacial Human Dispersals in Northern Europe and Disequilibrium Dynamics

Human Ecology ◽  
2018 ◽  
Vol 46 (5) ◽  
pp. 621-632 ◽  
Author(s):  
Felix Riede ◽  
Jesper B. Pedersen
Keyword(s):  
Late Glacial ◽  
Northern Europe ◽  
Disequilibrium Dynamics

Equilibrium models and explanation

2017 ◽  
Author(s):  
Lawrence A. Boland
Keyword(s):  
Equilibrium State ◽  
Decision Maker ◽  
Comparative Statics ◽  
Equilibrium Models ◽  
Main Mode ◽  
Long Run ◽  
Short Run ◽  
Continuous Range ◽  
Disequilibrium Dynamics

This chapter examines the explanatory purpose of building equilibrium models and the need to consider dynamics and disequilibria. It examines Marshall’s two ‘Principles’ of explanation, the ‘Principle of Substitution’ (essentially the usual neoclassical premise that every decision maker is a maximizer) and the ‘Principle of Continuity’ (that using the assumption of maximization as a basis for explanation is not possible without a continuous range of options to choose among). Marshall’s main mode of explanation using these Principles is his comparative statics analysis. His version of comparative statics introduces a role for time by distinguishing his long-run from short-run equilibria. With this in mind, the chapter goes further to explain why an equilibrium state implies recognition of disequilibrium dynamics and why equilibrium models must recognize the knowledge necessary for the dynamics of equilibrium attainment.

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