scholarly journals Even in Simple Economic Systems, Equilibrium Can Be Non-Unique: An Example

2021 ◽  
Author(s):  
Nancy Solis Garcia ◽  
Jose Guadalupe Flores Muniz ◽  
Viacheslav Kalashnikov ◽  
Nataliya Kalashnikova ◽  
Olga Kosheleva
Keyword(s):  
Supply And Demand ◽  
Economic Systems ◽  
Optimal Amount ◽  
Equilibrium Prices ◽  
The Relationship ◽  
Simple Economic

Abstract According to economics, prices are determined by the relationship between supply and demand: they correspond to the equilibrium in which supply is exactly equal to the demand, i.e., for which the optimal amount that the seller is willing to sell at this price is exactly equal to the optimal amount that the buyer is willing to pay. In many situations, the corresponding prices are indeed uniquely determines by the supply-demand relation. From the purely mathematical viewpoint, there are situations when the equilibrium is not unique, but most economists believe that in practical situations, equilibrium prices are usually uniquely determined. In this paper, we provide a simple but realistic example in which the equilibrium is not unique.

Retrospective analysis of the resilience of Russian regions as socio-economic systems

2019 ◽  
pp. 46-64 ◽  
Author(s):  
Vladimir V. Klimanov ◽  
Sofiya М. Kazakova ◽  
Anna A. Mikhaylova
Keyword(s):  
Panel Data ◽  
Economic Systems ◽  
Financial Indicators ◽  
Russian Regions ◽  
Integral Index ◽  
Negative Effects ◽  
Economic Resilience ◽  
Correlation Dependence ◽  
The Impact ◽  
The Relationship

The article examines the impact of various socio-economic and financial indicators on the resilience of Russian regions. For each region, the integral index of resilience is calculated, and its correlation dependence with the selected indicators is revealed. The study confirms the relationship between fiscal resilience and socio-economic resilience of the regions. The analysis of panel data for 75 regions from 2007 to 2016 shows that there are significant differences in the dynamics of indicators in different periods. In particular, the degree of exposure to the negative effects of the crises of 2008—2009 and 2014—2015 in non-resilient regions is higher than in resilient ones.

The Theoretical and Empirical Research on Pricing of China's Carbon Emission Permits

2012 ◽  
Vol 524-527 ◽  
pp. 2474-2481
Author(s):  
Zhi Gang Huang ◽  
Jiao Ling Xie ◽  
Wen Ping Wu
Keyword(s):  
Option Pricing ◽  
Carbon Emissions ◽  
Carbon Emission ◽  
Supply And Demand ◽  
Practical Significance ◽  
Emission Permits ◽  
Transaction Data ◽  
Carbon Finance ◽  
Relationship Of ◽  
The Relationship

Carbon emissions permits has its own particularity,and with the development of carbon finance,carbon emissions permits possess the commodity attributes and financial attributes.So its price isn’t determined only by the relationship of commodity supply and demand,but also affected by a variety of factors.But because the transaction data is not available,so the pricing of the carbon emissions permits can not really consider from the angle of the influencing factors of price.Therefore, this paper is on the basis of previous studies using mathematical tools and introducing the option pricing mechanism to study th pricing of China's carbon emissions permits basing on carbon emissions,which is designed for providing reference on the pricing of China's carbon emissions,being of both theoretical and practical significance.

MERGE OF THE TECHNİCAL ANALYSİS TYPES GİVES THE BEST RESULTS İN CRYPTOCURRENCY MARKET

2021 ◽  
Vol 6 (14) ◽  
pp. 89-97
Author(s):  
MUSTAFA ÖZYEŞİL ◽  
MOHAMMAD AL-TARIFI
Keyword(s):  
Supply And Demand ◽  
Investment Strategy ◽  
Proof Of Concept ◽  
Market Capitalization ◽  
Long Run ◽  
Peer Network ◽  
Tangible Asset ◽  
The Relationship ◽  
Peer To Peer Network

Cryptocurrencies are a modern kind of financial instrument (Hudson & Urquhart, 2019), the first cryptocurrency is Bitcoin , proposed by who called Satoushi Nakamato (2008), as The open source was created on the proof-of-concept principle that transactions can be securely treated on a decentralized peer to peer network without the need for a central clearinghouse, which appeared 2009 ( Heid, 2013). The success of the bitcoin blazes a trail to what called ‘Altcoin” this expression means all the cryptocurrencies that set in motion after the victory of the bitcoin, these coins sell themselves as the best alternatives for the bitcoin (FRANKENFIELD, 2020) . There are many types for the altcoin. The third type of the cryptocurrency is called Tokens Unlike Bitcoin and Altcoins, tokens are not able to activate independently and are dependent on the grid of another cryptocurrency. That means they do not have their own core DLT or blockchain, but instead, are built on top of an existing cryptocurrency’s blockchain (Types of cryptocurrencies: explaining the major types of cryptos, 2019). The worth of bitcoin doesn’t depend on any tangible asset or economies of the countries while it is based upon the security of an algorithm which traces all transactions (Hudson & Urquhart, 2019). The studies determine the number of the bitcoin price development in the long -run (Ciaian, Rajcaniova, & Kancs, 2018): • Market forces of the Bitcoin supply and demand • The bitcoin’s attractiveness for the investors • The influence of global macro-financial developments If you're forming an investment strategy designed to help you trail long-term financial intentions, understanding the relationship between company size, return potential, and risk is vital. (Market cap—or market capitalization—refers to the total value of all a company's shares of stock, 2017) .Hence , Manifested importance a cryptocurrency’s market capitalization as the total values of all coins currently in circulation. the cryptocurrency’s market cap contains what’s called Bitcoin Dominance that is the ratio between the market cap of bitcoin to other coins of the cryptocurrency markets (jacobcanfield, 2019) . Cryptocurrency trade is attractive type of investment. this market treated the same of the foreign exchange and stock market ( Radityo, Munajat, & Budi, 2017). The investors using the same basic in investment (buy low, sell high) but they need to calculating the risks

Economic Systems and Economic History

1965 ◽  
Vol 25 (4) ◽  
pp. 660-679
Author(s):  
Arthur Schweitzer
Keyword(s):  
Economic History ◽  
Economic Systems ◽  
Starting Point ◽  
Relationship Of ◽  
The Relationship

What is the relationship of economic history to the study of comparative economic systems? Perhaps the major contribution to thought on this subject has been made by Walter Eucken, whose ideas may be taken as the starting point for our discussion.

scholarly journals Cultural and Social Diversity as an Economic Resource

2021 ◽  
Vol 65 (2) ◽  
pp. 141-155
Author(s):  
Damian S. Pyrkosz
Keyword(s):  
Economic Development ◽  
Negative Impact ◽  
Positive Impact ◽  
Economic Systems ◽  
Main Body ◽  
Social Diversity ◽  
Economic Resource ◽  
Numerous Data ◽  
The Relationship

The paper seeks to identify the role of cultural and social diversity in economic development. It starts by defining the terms that are critical to the analysis, including diversity, fractionalization, polarization, social diversity, cultural diversity and economic resources, as well as providing the most significant indexes thereof. The main body of the paper interprets the notions of cultural and social diversity in terms of being a valuable economic resource. Furthermore, it collects a vast body of literature to demonstrate the relationship between the cultural/social diversity and economic development with regard to adverse or positive impact on the latter. In regard to the negative impact of diversity, the paper identifies it in the area of social communication, social capital and networks, as it effectively causes a decrease in productivity and increase in social conflict and isolation. The positive link is demonstrated with examples in the areas of innovation, creativity, usage of complementary abilities and experiences, and their role in increasing productivity. The paper refers to numerous data sources, studies and indexes illustrating how the economic systems of various countries perform in the context of the paper’s subject-matter.

scholarly journals EMPIRICAL TEST OF PUT-CALL PARITY ON SPX OVER THE SHORT BAN 2008

2017 ◽  
Vol 33 (2) ◽  
Author(s):  
Huyen Do
Keyword(s):  
Empirical Test ◽  
Supply And Demand ◽  
Option Price ◽  
Short Selling ◽  
No Arbitrage ◽  
Put Option ◽  
Key Word ◽  
Momentum Trading ◽  
The Relationship ◽  
Trading Behaviour

Put call parity is a theoretical no-arbitrage condition linking a call option price to a put option price written on the same stock or index. This study finds that Put call parity violations are quite symmetric over the whole sample. However during the ban period 2008 in the U.S., puts are significantly and economically overpriced relative to calls. Some possible explanations are the short selling restriction, momentum trading behaviour and the changes in supply and demand of puts over the short ban. One interesting finding that the relationship between time to expiry, put call parity deviations and returns on the index is highly non-linear. Key word: Put-call parity, SPX, short ban 2008 .

Assessment of Citrus Key Lime Production Supply, Exports and Domestic Demand in Mexico before and through the Threat of Citrus Greening (HLB)

2015 ◽  
Vol 16 (1) ◽  
pp. 36-56
Author(s):  
Maria Elena Vera Villagran ◽  
L. Myriam Sagarnaga Villegas ◽  
Jose Salas Gonzalez ◽  
Juan Leos Rodriguez
Keyword(s):  
General Structure ◽  
Supply And Demand ◽  
Point Of View ◽  
Citrus Greening ◽  
Economic Point ◽  
Key Variables ◽  
Key Lime ◽  
The Right ◽  
Lime Production ◽  
The Relationship

This project looks for the relationship among variables influencing Mexican key lime supply and demand in the domestic and US market under the scenario of using a higher quantity of fertilizers as a strategy for responding against the threat of citrus greening (HLB). With the help of domestic and international databases from 2000 to 2012, a simultaneous equations model was built capturing behavioral and technical variables influencing supply and demand. The most important relationships among variables were price of the product and disposable income for the demand and use of fertilizers and exchange rate for the supply. This work gives the insight, from the economic point of view, that building a model including the right key variables will give a sense of the general structure of a market and the changes in stability due to a sanitary threat

Ecosystem service flows in Karst area of China based on the relationship between supply and demand

2021 ◽  
Vol 41 (9) ◽  
Author(s):  
张欣蓉，王晓峰，程昌武，刘世荣，周潮伟 ZHANG Xinrong
Keyword(s):  
Ecosystem Service ◽  
Supply And Demand ◽  
Karst Area ◽  
The Relationship

Trends in Global Oil Investments Over the Past 20 Years

2021 ◽  
pp. 34-49
Author(s):  
Ekaterina Shirobokova ◽  
Fe Amor Parel Gudmundsson
Keyword(s):  
Developing Countries ◽  
Soviet Union ◽  
Former Soviet Union ◽  
Supply And Demand ◽  
Energy Resource ◽  
Modern Society ◽  
Developed Countries ◽  
Oil Demand ◽  
Former Ussr ◽  
The Relationship

Today, energy is an irreplaceable resource without which it is impossible to imagine the life of modern society. Oil, as the most important energy resource, has a significant impact on both individual economies and the world economy. The main objective of this chapter is to identify the relationship between oil supply and oil demand of developed and developing countries on the example of OECD and Former Soviet Union countries. The changes that took place in supply and demand in the oil market from 2000 to 2020 are investigated. The chapter uses graphic and mathematical analysis. It is clear with a fair amount of confidence that the oil demand in developed countries is higher than their supply, and the supply of oil in developing countries is rather more than demand. Also, the chapter draws attention to investments in the oil industry, including on the example of Russia as a former USSR country, analyzes their current state, and draws appropriate conclusions.

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