A Lindahl equilibrium refers to the balance between supply and demand for a public good and involves a cost that's based on the benefits people receive.

This topic comes under the Equilibrium chapter of the NCERT Class 11 Chemistry textbook. In the final exams of classes 11 and 12, many questions can be formed from the law of mass action.

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 ...

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 ...