In general terms, a dynamic equilibrium describes a state of balance between two processes. The term is used in scientific fields such as chemistry and physics which is where it originates. This ...

We study dynamic equilibrium in a Lucas economy with two stocks, two heterogeneous constant relative risk aversion investors, and portfolio constraints. We focus on margin and leverage constraints, ...

In order to analyze factors that influence trends in regional economies, I develop a multiregional dynamic applied general equilibrium model which consists of eight regions and 22 industries. By ...

At equilibrium, the concentrations of reactants and products do not change. But the forward and reverse reactions have not stopped - they are still going on, and at the same rate as each other.

We study the behavior of large loss networks in which the offered traffic is subject to acceptance controls. Hunt and Kurtz proved a functional law of large numbers for the dynamics of such networks, ...

In the context of the project Quantitative Foresight Modeling to Inform the CGIAR Research Portfolio, IFPRI’s International Model for Policy Analysis of Agricultural Commodities and Trade (IMPACT) was ...