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 ...

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 ...

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 ...

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.

We develop a dynamic equilibrium model for market liquidity. To wit, we solve for the equilibrium prices at which liquidity takers' demands are absorbed by liquidity providers, who can in turn ...

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 ...