Kp=Kc (RT)n with R being the gas constant T is the temperature, and N is the change in the number of gaseous moles in the reaction. Note: Just gaseous moles are considered. Besides that, what’s the ...

Example of Intertemporal Equilibrium Creative destruction is a term coined by the economist Joseph Schumpeter and is an example of intertemporal equilibrium. Creative destruction occurs, for ...

Markets can be in equilibrium, but it may not mean that all is well. For example, the food markets in Ireland were at equilibrium during the great potato famine in the mid-1800s.

The following example is used in many test libraries for nonlinear programming. It appeared originally in Bracken and McCormick (1968). The problem is to determine the composition of a mixture of ...

Search models with posting and match-specific heterogeneity generate wage dispersion. Given K values for the match-specific variable, it is known that there are K reservation wages that could be ...