Results 211 to 220 of about 159,465 (264)

Partial Chemical Equilibrium

2014
It is indicated that the partial chemica l equilibrium model can explain hydrothermal alteration of basalt (e.g. seawater -basalt reaction ). The effects of separation of vapor phase and liquid phase and boiling are considered. It is also indicated that the mixing of fluids results to the precipitation of minerals and formation of hydrothermal ore ...
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Partial Equilibrium Analysis

2016
With the publication of the first edition of his Principles of Economics in 1890, Alfred Marshall developed partial equilibrium analysis as a method for turning economic theory into a form that could be used to formulate policy and aid in the analysis of actual problems. He wanted economics to be “an engine for the discovery of concrete truth” (Hausman
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Partial‐Equilibrium Welfare Analysis

Journal of Public Economic Theory, 1999
The use of partial equilibrium models is common, and, typically, efficiency is characterized by maximizing consumer plus producer surplus (or, sometimes, gross consumer surplus). The analysis appeals—implicitly or explicitly—to the concept of efficiency derived from general equilibrium models.
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History and equilibrium: A partial defense of equilibrium economics

Journal of Economic Methodology, 2004
This paper responds to the argument, made by many heterodox economists, that equilibrium theory should be abandoned in favor of theories that pay more attention to history. It considers some of the main ways in which the concept of equilibrium has been understood in economics, and the reasons why there has been confusion in discussions of equilibrium ...
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Partial Reform Equilibrium, Chinese Style

Comparative Political Studies, 2007
Incomplete financial reform in China is puzzling because Premier Zhu Rongji, a seemingly promarket technocrat, was largely insulated from explicitly rent-seeking pressure and leftist ideology when he carried out a massive restructuring of Chinese banks in 1997. Yet at the end of his tenure as premier, the financial sector continued to channel the bulk
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Supporting the Partial Equilibrium Results

2004
As mentioned in the introduction, this chapter presents a simple static general Walrasian model, which has been modified to become a “non-market-clearing” equilibrium model through the introduction of a minimum wage. The analysis is based completely on the considerations of chapter three. However, the analysis is expanded by specific assumptions on the
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The Specification of Partial Static Equilibrium Models

The Review of Economics and Statistics, 1987
In conducting an investigation into the specification of partial static equilibrium factor demand models, this paper isolates: (1) the endogeneity of output and quasi-fixed factor levels; (2) the choice of omitted share equation; and (3 ) the presence of serial correlation (when using time series data) as the specification issues that most affect the ...
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Price Formation: Partial Equilibrium

2022
Sabiou M. Inoua, Vernon L. Smith
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Alfred Marshall’s Partial Equilibrium: Dynamics in Disguise

2003
The quotation points to a pattern that occurs frequently in Marshall’s illustrations of economic reasoning throughout the Principles, as well as in other works of his. In this chapter we seek to reconstruct the underlying theoretical framework in the light of a logical structure that seems to be particularly fitted for the Marshallian approach to the ...
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Partial equilibrium model

2023
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