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equilibrium
Longman Dictionary of Contemporary English
equilibrium
noun
COLLOCATIONS FROM CORPUS
■ ADJECTIVE
competitive
▪ Since no Pareto gain is possible, the initial position - competitive equilibrium in both markets - is Pareto-efficient.
▪ First, they ensure that the initial position of competitive equilibrium is indeed an equilibrium.
▪ But in competitive equilibrium prices are performing a second role.
▪ We have now discovered that a competitive equilibrium in all markets would generate one particular Pareto-efficient allocation.
▪ For a competitive equilibrium, this line must be tangent to the individual's indifference curve.
▪ Perfectly competitive free market equilibrium will then allocate resources efficiently.
▪ But there are many more allocations that are inefficient. 5 Under strict conditions, competitive equilibrium is Pareto-efficient.
dynamic
▪ The two phases are in dynamic equilibrium when the rate of evaporation equals the rate of condensation.
▪ The elements it cradles are in a dynamic equilibrium with the cycling composition of the atmosphere and water and biosphere.
▪ A saturated solution is in dynamic equilibrium with undissolved solute.
▪ The organisation, like a living organism, maintains a dynamic equilibrium with the environment.
▪ A dynamic equilibrium exists when two reversible or opposite processes are balanced.
▪ Eventually a dynamic equilibrium is established.
▪ The healthy, well-adapted individual keeps them in balance in a dynamic equilibrium.
free
▪ Perfectly competitive free market equilibrium will then allocate resources efficiently.
▪ Imperfectly competitive industries are a source of market failure because free market equilibrium is no longer Pareto-efficient.
▪ Like externalities, they induce market failure. Free market equilibrium will not generally be efficient.
▪ Equilibrium will be inefficient. 7 Distortions occur whenever free market equilibrium does not equate marginal social cost and marginal social benefit.
general
▪ In effect, they involve a comparison of the general equilibrium of the economy with and without the government budget.
▪ Integrating transport costs into a general equilibrium trade model is a messy affair even with constant returns and perfect competition.
▪ Hemler and Longstaff derived a number of empirical predictions of their general equilibrium model that differ from those of the no-arbitrage model.
▪ This is called the point of general equilibrium.
▪ Figure 4 illustrates that the general equilibrium we have just derived is indeed a stable one.
▪ This is the upshot of a more general principle of general equilibrium theory known as Walras's Law.
▪ Their empirical results largely supported the predictions of the general equilibrium model, rather than those of the no-arbitrage model.
▪ The stability of the general equilibrium.
hydrostatic
▪ The calculated value is less than the upper limit from Mariner 10, indicating that Mercury is close to hydrostatic equilibrium.
▪ To attain hydrostatic equilibrium the position of the lithosphere adjusts vertically in accordance with its density and thickness.
new
▪ Suppose that the new equilibrium were at P'.
▪ How then would the new equilibrium be achieved?
▪ Assuming the new equilibrium price is instantly established, they derived an expression for the change in price between transactions.
▪ The neo-classical analysis can be justified only if the new equilibrium positions are reached quickly.
▪ Transactors will have to search for the new equilibrium values themselves.
▪ In this case the new equilibrium point would be E 2.
▪ There were three main aspects to Bukharin's ideas on the transition period leading to a new socialist equilibrium: 1.
partial
▪ This account has so far been in partial equilibrium terms.
▪ Partial Equilibrium Analysis Let us first return to the partial equilibrium model of section 5.
▪ Originally presented in terms of partial equilibrium analysis, it has been extended in two principal directions.
▪ In this case the home country exports good 1, just as in the partial equilibrium model discussed in the previous section.
▪ In other words, we may continue with a partial equilibrium framework.
▪ From the standpoint of the partial equilibrium analysis of the employment impact, the role of foreign trade emerged as especially important.
▪ The implications for less partial equilibrium behaviour are less clear.
▪ As the partial equilibrium analysis suggested, a procompetitive effect, with monopolistic industries expanding, is expected from trade.
temporary
▪ The relationship between these three important variables is supposed to determine the characteristics of a state of temporary equilibrium.
▪ Hegemony evolves in an extensive but temporary form, equilibrium is only relative.
■ NOUN
analysis
▪ Originally presented in terms of partial equilibrium analysis, it has been extended in two principal directions.
▪ From the standpoint of the partial equilibrium analysis of the employment impact, the role of foreign trade emerged as especially important.
▪ As the partial equilibrium analysis suggested, a procompetitive effect, with monopolistic industries expanding, is expected from trade.
condition
▪ And this defines the theoretical equilibrium conditions.
▪ Using the equilibrium condition Q, Qi solve the equations to determine equilibrium price.
▪ The equation for equilibrium conditions is, in reality, a combination of these two dis-equilibrium conditions.
▪ Knowledge consists of the overall state of the network at some equilibrium condition after it has responded to the input patterns.
▪ It remains to specify the equilibrium conditions in commodity markets.
level
▪ Determination of the equilibrium level of income.
▪ Competitive bidding by buyers will push the price up toward the equilibrium level.
▪ In this case, the equilibrium level of income is unaffected by the increase in the real value of the money supply.
▪ If any of these should change, there will be an effect on the equilibrium level of income.
▪ As a consequence the equilibrium level of aggregate demand will fall.
▪ Thus a rise in the price level leads to a fall in the equilibrium level of aggregate demand.
▪ A rise in government expenditure adds directly to aggregate spending and hence will tend to increase the equilibrium level of aggregate demand.
▪ The equilibrium levels of income and employment were believed to be determined largely in the labour market.
market
▪ Free market equilibrium leads to too few improvements.
▪ As the interest rate rises, the speculative demand for money falls and money market equilibrium is eventually restored.
▪ Free market equilibrium occurs at E. A government agency now provides information about the product.
▪ Perfectly competitive free market equilibrium will then allocate resources efficiently.
▪ Imperfectly competitive industries are a source of market failure because free market equilibrium is no longer Pareto-efficient.
▪ Free market equilibrium will not generally be efficient.
▪ Free market equilibrium will not equate marginal cost and marginal benefit and there will be scope for Pareto gains.
▪ Equilibrium will be inefficient. 7 Distortions occur whenever free market equilibrium does not equate marginal social cost and marginal social benefit.
model
▪ Hemler and Longstaff derived a number of empirical predictions of their general equilibrium model that differ from those of the no-arbitrage model.
▪ Partial Equilibrium Analysis Let us first return to the partial equilibrium model of section 5.
▪ Their empirical results largely supported the predictions of the general equilibrium model, rather than those of the no-arbitrage model.
▪ In this case the home country exports good 1, just as in the partial equilibrium model discussed in the previous section.
▪ On the contrary, as we noted earlier, his equilibrium model is a mobile one.
▪ Within the confines of an equilibrium model, the specification of the savings function needs careful consideration.
path
▪ On an equilibrium path it is assumed that both capital and labour are fully employed.
▪ The changes over time in capital and labour then govern the equilibrium path followed.
▪ The question we now have to ask is whether the equilibrium path converges to a steady state.
▪ In this sense the steady state may be a poor approximation, and we should study the full equilibrium path.
point
▪ This is the point known as the equilibrium point.
▪ Graphically, the intersection of the supply curve and the demand curve for the product will indicate the equilibrium point.
▪ Figure 15-3 shows that at the equilibrium point E the marginal utility of the last film equals its marginal cost.
▪ A basic economic assumption in a market economy is the continual adjustment of supply and demand toward an equilibrium point.
▪ At the equilibrium point the real wage is and is the quantity of labour employed generating, of real output.
▪ Find the equilibrium point that balances the weights of the political resources mobilized by each group. 5.
▪ In this case the new equilibrium point would be E 2.
position
▪ This line intersects the characteristic about 2 degrees from the equilibrium position, so 8, - 2 degrees -0.035 radians.
▪ The motor velocity increases under the influence of the positive torque and the equilibrium position is attained with maximum velocity.
▪ Once again for two-phases-on there is a shift in the equilibrium positions, which can be confirmed analytically.
▪ Eventually, with r rising and g falling, r would exceed g, which is the only sustainable long-run equilibrium position.
▪ Consider a fluid particle that is displaced upwards, say, from its equilibrium position.
▪ This angle accounts for the lag of the rotor behind the phase equilibrium position as the load on the motor increases.
▪ The neo-classical view is that a perfectly competitive economy always tends towards its full employment equilibrium position.
▪ The upper graph shows the economy's initial general equilibrium position in the real and monetary sectors.
price
▪ But in competitive equilibrium prices are performing a second role.
▪ We can predict an increase in equilibrium price greater than that caused by either change taken separately.
▪ If marginal costs are non-constant then no equilibrium price exists unless outputs are non-homogeneous, i.e. there is product differentiation.
▪ There is a positive or direct relationship between a change in demand and the resulting changes in equilibrium price and quantity.
▪ Different patterns of demand imply different demand curves for individual goods and services and determine different equilibrium prices and quantities.
▪ Any price below the equilibrium price will entail a shortage; that is, quantity demanded will exceed quantity supplied.
▪ Taxes usually alter equilibrium prices and quantities and these induced effects must also be taken into account.
▪ What is the effect upon equilibrium price?
quantity
▪ The equilibrium quantity remains the socially efficient quantity.
▪ The effect upon equilibrium quantity is again indeterminate, depending upon the relative size of the changes in supply and demand.
▪ At the equilibrium quantity Q the marginal consumer benefit is P l but the marginal social cost is P 2.
▪ This means that equilibrium quantity will increase by an amount greater than that which either change would have entailed in isolation.
▪ Hence the equilibrium quantity Q is socially inefficient.
▪ At $ 3, quantity supplied and quantity demanded are in balance; that is, equilibrium quantity is 7000 bushels.
rate
▪ With a given money supply, an increase in the demand for money will also raise the equilibrium rate of interest.
strategy
▪ Both Nash reversion and Abreu's simple penal codes are subgame perfect equilibrium strategies and so satisfy this criterion of credibility.
▪ The equilibrium strategy for all types of player A is described in this Proposition.
▪ The sequential equilibrium strategy of the long-term agent has a particularly simple form in this model.
▪ In general the past history of shocks will have effects on the equilibrium strategy in such a game.
value
▪ In Fig. 10-1 this yields a decrease in the equilibrium value of income from to.
▪ The large 1-s spin period is close to its equilibrium value, suggesting Eddington-limited accretion at some time in the near past.
■ VERB
achieve
▪ It is almost impossible for the understudy to achieve mental equilibrium.
▪ Or would the rate of sinking slow down and stop as the raft achieved equilibrium?
determine
▪ What determines the equilibrium between phases?
▪ Using the equilibrium condition Q, Qi solve the equations to determine equilibrium price.
▪ It is the debate about the forces which determine this equilibrium which fundamentally separates the various schools of thought in macroeconomics.
▪ Different patterns of demand imply different demand curves for individual goods and services and determine different equilibrium prices and quantities.
▪ The simultaneous interaction of the membership demand curve and the wage demand curve determines equilibrium wages, membership, and employment.
establish
▪ Secondly, through the use of techniques of Markov chain analysis, the equilibrium state of the system can be established.
maintain
▪ Hence, we postulated that adaptive cytoprotection maintains a physiological equilibrium between duodenal mucosal resistance and luminal acidity.
▪ The second is to gain the knowledge and experience to maintain humans within equilibrium in a closed ecological system.
▪ When successful the individual is able to maintain an equilibrium.
▪ Penelope reached for it hurriedly, needing its sustenance to maintain her equilibrium.
▪ This is a severe shock to your fish and certainly not a way to maintain equilibrium.
▪ The organisation, like a living organism, maintains a dynamic equilibrium with the environment.
punctuate
▪ They explore mechanisms of nature through concepts including the butterfly effect, Gaia, attractors and punctuated equilibrium.
▪ Periods of punctuated equilibrium are periods of extended uncertainty.
▪ In periods of punctuated equilibrium, ideologies and technologies, new and old, do not match.
▪ A period of punctuated equilibrium comes into existence.
▪ Levels of uncertainty escalate enormously in periods of punctuated equilibrium.
▪ Periods of punctuated equilibrium offer many new, as yet unexplored territories.
▪ Periods of punctuated equilibrium are equally visible in human history.
reach
▪ It must have reached thermodynamic equilibrium over the years, and represents the most stable state for this composition.
▪ Some parents reach this state of equilibrium within a few weeks after the birth, whereas others take many months.
▪ The main disadvantage of the method lies in the long periods of time required to reach equilibrium.
▪ General unemployment is the most conspicuous outcome of this failure to reach a Walrasian equilibrium.
restore
▪ Where it is seen by work colleagues to be getting out of kilter, informal controls can be used to restore equilibrium.
▪ Tearing her eyes away from Emilio's face, Anne led the chorus of praise, restoring a fragile equilibrium.
▪ As core temperature starts to fall, self-regulating mechanisms start to restore equilibrium.
▪ A quick survey of the distant marquees did nothing to restore her equilibrium.
▪ He prayed to Rogal Dorn to restore his equilibrium.
EXAMPLES FROM OTHER ENTRIES
▪ The operation of the free market maintains an equilibrium between supply, demand and price.
▪ The shock of Freddie's death had upset her equilibrium.
▪ The temperature at which the solid and liquid are in equilibrium is called the freezing point.
EXAMPLES FROM CORPUS
▪ And, indeed, his theory is firmly rooted in his conception of equilibrium.
▪ Autarky equilibrium in Home is illustrated by figure 4.
▪ Given the assumptions of perfect mobility of factors and perfect information, this equilibrium should be consistent with zero unemployment.
▪ The path to the equilibrium in the game where is the mirror image of the example.
▪ This account has so far been in partial equilibrium terms.
▪ This, we recall from Chapter is the rationing function of equilibrium prices.
▪ Using the equilibrium condition Q, Qi solve the equations to determine equilibrium price.
▪ We can predict an increase in equilibrium price greater than that caused by either change taken separately.
The Collaborative International Dictionary
Equilibrium

Equilibrium \E`qui*lib"ri*um\, n.; pl. E. Equilibriums, L. Equilibria. [L. aequilibrium, fr. aequilibris in equilibrium, level; aequus equal + libra balance. See Equal, and Librate.]

  1. Equality of weight or force; an equipoise or a state of rest produced by the mutual counteraction of two or more forces.

  2. A level position; a just poise or balance in respect to an object, so that it remains firm; equipoise; as, to preserve the equilibrium of the body.

    Health consists in the equilibrium between those two powers.
    --Arbuthnot.

  3. A balancing of the mind between motives or reasons, with consequent indecision and doubt.

    Equilibrium valve (Steam Engine), a balanced valve. See under Valve.

Related phrases:
Douglas Harper's Etymology Dictionary
equilibrium

c.1600, "state of mental balance," from Latin aequilibrium "an even balance; a horizontal position," from aequilibris "equal, level, horizontal, evenly balanced," from aequus "equal" (see equal (adj.)) + libra "a balance, scale, plummet" (see Libra). Related: Equilibrious.

Wiktionary
equilibrium

n. 1 The condition of a system in which competing influences are balanced, resulting in no net change. 2 (context physics English) The state of a body at rest or in uniform motion in which the resultant of all forces on it is zero. 3 (context chemistry English) The state of a reaction in which the rates of the forward and reverse reactions are the same. 4 mental balance.

Related phrases:
WordNet
equilibrium

  1. n. a chemical reaction and its reverse proceed at equal rates [syn: chemical equilibrium]

  2. a stable situation in which forces cancel one another [ant: disequilibrium]

  3. equality of distribution [syn: balance, equipoise, counterbalance]

  4. a sensory system located in structures of the inner ear that registers the orientation of the head [syn: labyrinthine sense, vestibular sense, sense of balance, sense of equilibrium]

  5. [also: equilibria (pl)]

Related phrases:
Wikipedia
Equilibrium

Equilibrium may refer to:

  • physical, chemical, or social science equilibria, and wider contexts, the conditions of systems in which all competing influences are balanced.
Equilibrium (film)

Equilibrium is a 2002 American dystopian science fiction film written and directed by Kurt Wimmer and starring Christian Bale, Emily Watson, and Taye Diggs.

The film follows John Preston (Bale), an enforcement officer in a future in which both feelings and artistic expression are outlawed and citizens take daily injections of drugs to suppress their emotions. After accidentally missing a dose, Preston begins to experience emotions, which makes him question his own morality and moderate his actions while attempting to remain undetected by the suspicious society in which he lives. Ultimately, he aids a resistance movement using advanced martial arts, which he was taught by the very regime he is helping to overthrow.

Equilibrium (band)

Equilibrium is a German folk metal band. The band's music combines elements of folk music, black metal and symphonic metal with various other influences. Their riffs reflect traditional Germanic melodies. Their lyrical themes focus on Germanic tales and Germanic mythology. All of their song lyrics are in German, except for the songs "The Unknown Episode" from their fourth album Erdentempel and "Himmelsrand" (English: Skyrim).

Equilibrium (Star Trek: Deep Space Nine)

__NOTOC__ "Equilibrium" is the 50th episode of the television series Star Trek: Deep Space Nine, the fourth episode of the third season.

Equilibrium (seaQuest 2032)
Equilibrium (puzzle)

Equilibrium, also known as "Equi-librium" is an interlocking puzzle in the shape of a sphere. Copyrighted in 1974 by Reiss Games, Inc., it consists of 6 closed arch pieces, 5 of which have pegs on their straight center. The two pegs block the other pieces from being shifted back or forth, only the sixth piece is different having only one peg and two notches. These notches are above and below where the peg would be located on the other pieces, allowing only this notched piece to be moved at first. When it is moved so the notch fits over another piece's peg, the two pegged piece can be moved. Once a two peg piece has been slid to the side, the notched piece can be moved to its second notch and lifted off. Once the notch piece is removed, all the others become loose and the puzzle usually crumbles into its remaining pieces. The challenge is to put it back together. Equilibrium was sold in a cardboard box, with a solution sheet enclosed.

  • "It looks tranquilizing till you take it... apart, that is. But getting this well-designed sphere (and you) back together again won't be easy."

The secret in putting it back together involves not only holding the pieces in such a way that all three angles are supported so they can hold the others, but also knowing how to place the 'Key' or notched piece to lock it all together. A later colored version named "Sphere" was released by Net Block.

Equilibrium (Crowbar album)

Equilibrium is the sixth studio album by Crowbar. It was released on 7 March 2000. This was original bassist Todd Strange's final album with the band.

Equilibrium (Erik Mongrain album)

Equilibrium is the second album of the Canadian guitarist Erik Mongrain.

Equilibrium (Whitecross album)

Equilibrium is the seventh album by Christian metal band Whitecross, released in 1995.

Equilibrium (God Forbid album)

Equilibrium is the sixth and final studio album by the American metal band God Forbid. The album was released on March 26, 2012, through Victory Records.

Equilibrium (Matthew Shipp album)

Equilibrium is an album by American jazz pianist Matthew Shipp recorded in 2002 and released on Thirsty Ear. According to Shipp, this fourth Blue Series record is a synthesis of what he learned from all their other albums in the series. He continues exploring beat elements with modern jazz.

Related phrases:

Usage examples of "equilibrium".

This material was another strictly non-Mesklinite product, a piece of molecular architecture vaguely analogous to zeolite in structure, which adsorbed hydrogen on the inner walls of its structural channels and, within a wide temperature range, maintained an equilibrium partial pressure with the gas which was compatible with Mesklinite metabolic needs.

In this fashion they ran for fifteen or twenty miles on a perfectly even keel, the apparatus automatically working the elevators and ailerons of the craft as various wind currents tended to disturb its equilibrium.

Quite true what the alienists said: celibacy was extremely bad for you, as bad as going without proper diet or exercise or meditation, and as likely to upset your mental equilibrium.

Lars Aquavit, who had regained his cheerful equilibrium since that afternoon.

Malud, who was standing in his stirrups to deliver his blow, was almost in a state of equilibrium and having his buckler ready for defense was quite helpless insofar as maneuvering his mount was concerned.

Let us ask the astronomers who originate cosmogonical hypotheses, and invent a primitive nebula, the natural philosophers who dream that by the deterioration of energy and the dissipation of movement the material world will obtain final rest in the inertia of a homogeneous equilibrium, let us ask the biologists and psychologists who are enemies of fixed species and inquisitive about ancestral history.

An eigenvalue is a number that tells you something about how a system responds when you disturb its equilibrium.

A seat in the stern, a second seat in the middle to preserve the equilibrium, a third seat in the bows, rowlocks for the two oars, a scull to steer with, completed the little craft, which was twelve feet long, and did not weigh more than two hundred pounds.

Equilibrium of things produced by the counterbalancing of fixedness and movement, 778-l.

Essential laws of fixedness and movement, counterbalanced, produce equilibrium, 778-l.

The researches under way show the wide variation in chemical composition and calorific value of the various crude oils, indicate the possibility of the extraction of coal constituents by solvents, and point to important results relative to the equilibrium of gases at high temperatures in furnaces and gas producers.

The physician said that he had expected that effect, but that on the following day the remedy would act less on the brain, and diffuse its beneficial action through the whole of the system, which required to be invigorated by a proper equilibrium in the circulation of the fluids.

I then took my pike, and crawling up as I had done before I reached the window, where my knowledge of the laws of equilibrium and leverage aided me to insert the ladder to its full length, my companion receiving the end of it.

If it were true, too, that civilization was a check to excessive natality, this phenomenon itself might make one hope in final equilibrium in the far-off ages, when the earth should be entirely populated and wise enough to live in a sort of divine immobility.

He would be night-free, like an Egyptian, steadfast in perfectly suspended equilibrium, pure mystic nodality of physical being.