1, First, they ensure that the initial position of competitive equilibrium is indeed an equilibrium.

2, We have now discovered that a competitive equilibrium in all markets would generate one particular Pareto-efficient allocation.

3, But in competitive equilibrium prices are performing a second role.

4, For a competitive equilibrium, this line must be tangent to the individual's indifference curve.

5, With converging to the competitive equilibrium in continuous double auction, it shows paradox results with efficient market hypothesis.

6, EMH embodied competitive equilibrium which is pursued by economists. In fact, EMH is extension of Adam Smith's "Invisible Hand" in financial markets.

7, They could achieve competitive equilibrium and coexistence according to their bionomics and life habits.

8, Since no Pareto gain is possible, the initial position - competitive equilibrium in both markets - is Pareto-efficient.

9, But there are many more allocations that are inefficient. 5 Under strict conditions, competitive equilibrium is Pareto-efficient.

10, When duopoly enterprises make price game and result in competition, the competitive equilibrium price will be crossed, which further leads to market segmentation as well.

11, Solving a dynamic programming problem of a central planner can prove that the competitive equilibrium and the social optimum is identical.

12, The appreciation space of Renminbi is determined by collectively competitive equilibrium in East Asian currency.

13, First question that must be faced is if there is a competitive equilibrium when increasing returns to specialization exist.

14, Therefore, such simple shifting does not, generally speaking,[http://sentencedict.com/competitive equilibrium.html] result in a competitive equilibrium that is a Pareto optimum.

15, And we emphasize the discussion on the equilibrium properties of the short-term price including the competitive equilibrium it converges to and corresponding elapsed time.

16, The classical conception of competition and the conception of competitive equilibrium analyze competition from a static angle and therefore can be categorized as the classical theory of competition.

17, Then the mode of knowledge production that cannot be fulfilled by competitive equilibrium is discussed in order to find a reasonable policy to guide the production of knowledge.

18, This paper puts forward a Tariffbased Interconnection Pricing Rule (TIPR) different from the rule in DT's model, and analyzes the competitive equilibrium within LRT framework.