Dynamic equilibrium condition (DEC) is described as a steady-state condition at which the normal wear rate in a machine causes no net gain or loss of particles. The concept of DEC of particles is ...

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 ...

Dynamic Equilibrium – Large Wear Particles in Oil Lubricated Systems There are many approaches used to model a machine’s wear formation. Based on a balance between production rate and loss rate of ...

Merton, Robert C. "A Dynamic General Equilibrium Model of the Asset Market and Its Application to the Pricing of the Capital Structure of the Firm." Sloan School of Management Working Paper, No.

This paper presents and estimates a small open economy dynamic stochastic general-equilibrium model (DSGE) for the Jordanian economy. The model features nominal and real rigidities, imperfect ...

This paper develops a structural macroeconometric model of the world economy, disaggregated into forty national economies. This panel dynamic stochastic general equilibrium model features a range of ...

In this paper we use a multi-sector overlapping generations, life-cycle general equilibrium model to conduct a simulation analysis with regard to fiscal reconstruction in Japan. An overlapping ...