Discover how competitive equilibrium balances supply and demand in markets, maximizing economic efficiency for profit-driven producers and value-seeking consumers.

China introduced the world's largest emissions trading system in 2021 which is intended to help cost-effectively achieve its pledges of reaching a peak in CO2 emissions before 2030 and carbon ...

This paper examines the Laffer argument (i. e., the possibility that an increase in a tax rate may reduce tax revenues, and vice versa) in a general equilibrium model and using tax reform techniques.

Silver futures remain in a confirmed hyperbolic advance, with price accelerating above both daily and weekly VC PMI equilibrium levels. The current rally phase began from the December 16–17 cycle low ...

Explore John R. Hicks' impact on economics, including his Nobel-winning work in general equilibrium and welfare theory, and ...

Citations: Lariviere, Martin, G Cachon. 1999. An Equilibrium Analysis of Linear, Proportional and Uniform Allocation of Scarce Capacity. IIE Transactions. (9)835-849.

The truss shown above is DETERMINATE. Member loads depend on only equilibrium relations. Material properties, cross-sectional areas and member lengths do not factor in on the member loads. It is easy ...