constructing this argument I consider both orthodox and heterodox points of view. We analyse equilibrium models of money, and find … money but it is the organising feature of modern economies, giving rise to both episodes of stability and crises. In … that while money can exist in sequence economies with frictions, models of this type give no justification for its creation …

’ perceptions of travel services. This research uses an established model to examine how price, brand and store variables … (operationalized as vacation price, travel service brand name, and travel agent name) influence consumers’ perceptions of travel … service quality, perceived service value, and willingness to buy travel services. Results indicate that: (1) price has a …

events and, as such, local equilibrium conditions are established before a significant number of chemical reactions occur … be correct only for conditions of thermal equilibrium. Here we consider artificially high reaction rates so that the … can be used in the Macroscopic Chemistry Method in both equilibrium and non-equilibrium conditions. Two tests are …

equilibrium are examined for first and second price auctions in situations where bidders have different, uncertain, costs. This is … mark-ups applied systematically for each bidder in turn until equilibrium is reached. An extensive numerical analysis is … then applied to obtain equilibrium results for both mark-up values and expected profit from the simple symmetric case …

productivity data. This paper examines the long run, or the equilibrium, relationship between productivity and stock returns for … the 1951-2002 period. It introduces the notion of equilibrium as represented by the co-movements of economic variables in … the long run. This notion is viewed to be broader than the economic theory definition of equilibrium that usually means …

despite many studies of developed economies using standard research methods. The exchange rate to price relation appears to … hold in the long run only, a result consistent with sticky price hypothesis. There is a need to add to this sticky price …-run equilibrium in the Asia-Pacific economies as being 5 years. The methodology is used to group countries with high-trade intensity …