methodology solves the Walrasian problem of how markets can reach equilibrium, starting with firms trading at disparate prices …

to 2008. Results show that voter turnout has converged to a stable equilibrium in its geographical distribution across … the states—but it is an equilibrium that results in persistent differences at the state level. Turnout increases about one …

Economists, that in Marx’s theory, equilibrium or simultaneous prices of production play the role of a ‘centre of gravity’ around … around some time-average, it cannot be concluded that this time average will be equal to the hypothetical equilibrium of that … series. In general, the hypothetical equilibrium follows a trajectory that is different from the moving average of the same …

equilibrium and the econometrics of disequilibrium data. The second point is the proposal of rescuing and improving the approach …

contracting games. We, also, show that an equilibrium of a game survives iterated elimination of non-reactive strategies. At the …

long run equilibrium real exchange rate and the consequent misalignment. To do so we utilized two approaches to tackle this … that only real shocks have lasting effects on long run real exchange rate. Nominal shocks only influence the equilibrium …