Sentences with phrase «equilibrium price of»

And I claim that long term this is the equilibrium price of that median home.

I don't want a universe where the cultural equilibrium price of a book is the same as the HD version of a single TV episode or of two Mp3s.

Not exact matches

«The first thing to keep in mind is that, in some long run equilibrium, wage inflation should be equal to what the growth rate of productivity is — so how much workers can produce — and the increase in prices for the goods they produce,» he said at the UBS Greater China conference in Shanghai.

That effort, which put supply and demand in more of an equilibrium, raised prices by a few dollars (interestingly, before actual implementation).

Just a classic general equilibrium models, efficient markets, smooth continuous price movements, the Phillips curve, Black - Scholes — I'm good friends with Myron Scholes, and he's taught me a lot, but there's a lot of flaws in that model.

GLG's Henry Dixon also highlighted to CNBC that on a purchasing power parity basis - which evaluates a currency's theoretical equilibrium versus other currencies based on the price of a basket of goods - the British pound looks very cheap against the U.S. dollar and «fractionally» cheap against the euro.

«International Trade 101 analyses the partial equilibrium effects of a tariff as driving a wedge between demand and supply curves, whereby the price goes up and the quantity down,» he said in a note to clients.

It could have left families owning their homes at the same cost they would have had to pay in rent — the economic definition of equilibrium in property prices.

Keynes argued that not only do depressions occur in the real world of sticky prices and wages, but even in a world of fully flexible prices there could be an equilibrium of high unemployment, something sadly forgotten by much of modern macroeconomics (Roger Farmer is a notable exception).

But I'm of the school that says, if that is proven — and it is, I think, a little bit in the marketplace — if it is proven to be the case, then people will bid up the prices of value stocks and bid down the prices of growth stocks until they reach an equilibrium and then future returns will be the same.

Still, we see less risk of a renewed oil price plunge and the potential for a gradual rise toward long - term equilibrium levels around $ 60 a barrel, where supply and demand are likely to find a better balance.

This will have a catastrophic effect on the oil industry through price collapse (an equilibrium cost of $ 25.4 per barrel), disproportionately impacting different companies, countries, oil fields and infrastructure depending on their exposure to high - cost oil.

By way of a reminder, the ECB has remained (too) optimistic about core inflation, largely partly on the view that a decline in potential growth to around 1 % and an increase in the equilibrium rate of unemployment would push wage growth and core prices gradually higher by 2017.

With oil futures prices rising — in expectation of decreased production, therefore presumably increasing prices — the cycle between low and high oil prices gets closer to a theoretical if unachievable equilibrium.

Included in the PowerPoint: Macroeconomic Objectives (AS Level) a) Aggregate Demand (AD) and Aggregate Supply (AS) analysis - the shape and determinants of AD and AS curves; AD = C+I+G + (X-M)- the distinction between a movement along and a shift in AD and AS - the interaction of AD and AS and the determination of the level of output, prices and employment b) Inflation - the definition of inflation; degrees of inflation and the measurement of inflation; deflation and disinflation - the distinction between money values and real data - the cause of inflation (cost - push and demand - pull inflation)- the consequences of inflation c) Balance of payments - the components of the balance of payments accounts (using the IMF / OECD definition): current account; capital and financial account; balancing item - meaning of balance of payments equilibrium and disequilibrium - causes of balance of payments disequilibrium in each component of the accounts - consequences of balance of payments disequilibrium on domestic and external economy d) Exchange rates - definitions and measurement of exchange rates - nominal, real, trade - weighted exchange rates - the determination of exchange rates - floating, fixed, managed float - the factors underlying changes in exchange rates - the effects of changing exchange rates on the domestic and external economy using AD, Marshall - Lerner and J curve analysis - depreciation / appreciation - devaluation / revaluation e) The Terms of Trade - the measurement of the terms of trade - causes of the changes in the terms of trade - the impact of changes in the terms of trade f) Principles of Absolute and comparative advantage - the distinction between absolute and comparative advantage - free trade area, customs union, monetary union, full economic union - trade creation and trade diversion - the benefits of free trade, including the trading possibility curve g) Protectionism - the meaning of protectionism in the context of international trade - different methods of protection and their impact, for example, tariffs, import duties and quotas, export subsidies, embargoes, voluntary export restraints (VERs) and excessive administrative burdens («red tape»)- the arguments in favor of protectionism This PowerPoint is best used when using worksheets and activities to help reinforce the ideas talked about.

Be careful when buying essay and choosing between the alternatives — beware of too cheap sites and do not feel in somebody's pocket when buying way overpriced services — the golden equilibrium between the price and quality is what you should strive for.

This implies that we will have to search without any taboo for equilibrium between the «full open» view, the resources to be found for financing and developing the projects and the maintenance of the SDKs (internal or by attracting new members), and the prices and content of the licenses for non members.

Therefore the cultural equilibrium price (the perception of «real» value) drives the market price, making room for it when normal supply and demand might not come to the same end.

Presuming that asset prices fluctuate around a stable, long - term equilibrium, extreme deviations serve as lead indicators of trend reversals.

Asset prices are always in an unstable equilibrium that takes account of the many views of what the world will be like over various time horizons.

Hence, my forecast of 10 % plus retail home loan rates and or unemployment to bring prices back to equilibrium.

Diversification is only a surrogate and usually a damn poor surrogate, for intimate knowledge of an economic entity, control of that entity and price consciousness (a denial of equilibrium pricing).

Shorter term traders tend to focus on a primacy of the income account, near - term changes in market prices, top - down analysis and equilibrium pricing (i.e., the market price reflects all - encompassing values).

«Capital Asset Prices: A Theory of Market Equilibrium under Conditions of Risk.»

Many academics and money managers seem to be staking their careers and livelihoods on continuing to stress the basic tenets of the EMH: there exists a unitary true value, and there exists a universal price equilibrium.

In justifying the alleged existence of a universal price equilibrium, Ross, Westerfield states on page 370, «All the efficient market hypothesis really says is that, on average, the manager will not be able to achieve an abnormal or excess return.»

The portfolio will eventually achieve equilibrium pricing after a market drop since the majority of my holdings are high quality; and the continuous contributions at lower market prices will aid in reducing the cost basis even further.

Thus, a temporary depression in the price of RYAM until ownership arrives at a new equilibrium.

As assets flow in, they buy more of their favored ideas, pushing their prices up, sometimes above where the equilibrium prices should be.

Some think it is grossly undervalued, but the market price sets the equilibrium between buyers and sellers, so the believers must be balanced by an equal weight of investors who think it's overvalued.

Jensen, Michael C., Black, Fischer and Scholes, Myron S. (1972), «The Capital Asset Pricing Model: Some Empirical Tests», Studies in the theory of Capital Markets, Praeger Publishers Inc., 1972; see also Fama, Eugene F., James D. MacBeth, «Risk, Return, and Equilibrium: Empirical Tests», The Journal of Political Economy, Vol.

But bond markets are just like any other market — the price of bonds is determined by an equilibrium being established between the available supply and demand for the bond at any given point in time.

This interaction influences the spread, evolving price action to a state of equilibrium.

When the markets are pricing in something like continued perfection, sometimes it doesn't take much to jolt them out of what is an unstable equilibrium.

Assuming price equilibrium, there is no need to factor in price of issue.

When the stock prices rise beyond what the business fundamentals can support (because of extreme greed), a dis - equilibrium sets in the market.

What if we were to use the Shadow Gold Price — the price we think reflects gold's theoretical equilibrium level to US dollars, rather than the COMEX price — a notional price based on a miniscule percentage of actual deliveries of bulPrice — the price we think reflects gold's theoretical equilibrium level to US dollars, rather than the COMEX price — a notional price based on a miniscule percentage of actual deliveries of bulprice we think reflects gold's theoretical equilibrium level to US dollars, rather than the COMEX price — a notional price based on a miniscule percentage of actual deliveries of bulprice — a notional price based on a miniscule percentage of actual deliveries of bulprice based on a miniscule percentage of actual deliveries of bullion?

[1] CO2 absorbs IR, is the main GHG, human emissions are increasing its concentration in the atmosphere, raising temperatures globally; the second GHG, water vapor, exists in equilibrium with water / ice, would precipitate out if not for the CO2, so acts as a feedback; since the oceans cover so much of the planet, water is a large positive feedback; melting snow and ice as the atmosphere warms decreases albedo, another positive feedback, biased toward the poles, which gives larger polar warming than the global average; decreasing the temperature gradient from the equator to the poles is reducing the driving forces for the jetstream; the jetstream's meanders are increasing in amplitude and slowing, just like the lower Missippi River where its driving gradient decreases; the larger slower meanders increase the amplitude and duration of blocking highs, increasing drought and extreme temperatures — and 30,000 + Europeans and 5,000 plus Russians die, and the US corn crop, Russian wheat crop, and Aussie wildland fire protection fails — or extreme rainfall floods the US, France, Pakistan, Thailand (driving up prices for disk drives — hows that for unexpected adverse impacts from AGW?)

As Joshua Gans points out here The Russell Girl divx the effect of the scheme will be to reduce the demand for permits and therefore the equilibrium price.

The main innovation is the notion of the strategic industry supply curve, representing the locus of Nash equilibrium outputs and prices arising from additive shocks to demand.

In the experiment I describe, the beliefs I measure are about purely descriptive matters... The students are shown exact statements concerning the outcomes of the experiment, as predicted by competitive equilibrium, things like «the number of contracts will be predicted exactly [by the theory]» or «the combined earnings of the traders will be predicted exactly [by the theory] or «the average contract prices will fall within a 30 - cent range [predicted by the theory]... there is no implication here of safety or danger.

Factor in the fact that the number of licence holders in a province like Quebec has grown by 98 % in the last 20 years, to match a 15 % population growth in that timespan, and that outsourcing and legal tech can now replicate some of the work done by legal professionals for less money and it isn't difficult to see that the price equilibrium of yore is no longer relevant.

Suddenly, those who are successful outside the game (success being defined as having enough disposable income to afford RMT services, such as the purchase of in game liquid assets), are able to buy a great deal more at what was once the market equilibrium, creating an artificially inflated demand, and causing prices to rise as supply dries up.

Or, conversely, pricing to one side of the market may appear to be higher than the equilibrium level when viewed for that side alone, because this funds a subsidy to increase participation on another side of the market that, in turn, creates valuable network effects for the side of the market facing the higher fees.

Just when the Chinese cryptocurrency market was trying to gain back its short term equilibrium after the 4th September news regarding ICO ban came another bolt from the blue which toppled the price of Bitcoin from $ 4679.97 to $ 4227.64 on 8th September.

Addressing the intense market volatility of cryptocurrencies, Giancarlo said that he doesn't know where the natural equilibrium point is but mentioned that «some economists posit that there is a relationship» between bitcoin's value and the difficulty or cost to mine the cryptocurrency, which may designate a price floor.

«In my mind, the sensible way to do things is to use some kind of system that establishes a market equilibrium price and does not depend heavily on the time in which you participate,» he told CoinDesk in an interview.

Price is the most efficient signaling mechanism we know of to keep supply and demand near the point of equilibrium and the most useful means of quickly and objectively assessing «worth.»

Finding Equilibrium: Searching for the true value of a Bitcoin Vinny Lingham, CEO and co-founder of Gyft, wrote an interesting take on the state of Bitcoin, and why current prices are lower than they were just a few months ago.

Just when the Chinese cryptocurrency market was trying to gain back its short term equilibrium after the 4th September news regarding ICO ban came another bolt from the blue which toppled the price of Bitcoin...