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no-profit equilibrium

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  • Profit (economics) — In economics, the term profit has two related but distinct meanings. Normal profit represents the total opportunity costs (both explicit and implicit) of a venture to an entrepreneur or investor, whilst economic profit (also abnormal, pure,… …   Wikipedia

  • profit — profiter, n. profitless, adj. profitlessly, adv. profitlessness, n. /prof it/, n. 1. Often, profits. a. pecuniary gain resulting from the employment of capital in any transaction. Cf. gross profit, net profit. b. the ratio of s …   Universalium

  • Tendency of the rate of profit to fall — The tendency of the rate of profit to fall (TRPF) is a hypothesis in economics and political economy, most famously expounded by Karl Marx in chapter 13 of Das Kapital Vol. 3. It was generally accepted in the 19th century. Economists as diverse… …   Wikipedia

  • Monopoly profit — Contents 1 Monopoly Profit Basic Definition 2 Persistence 3 Government intervention 4 Footnotes 5 …   Wikipedia

  • Coalition-proof Nash equilibrium — The concept of coalition proof Nash equilibrium applies to certain noncooperative environments in which players can freely discuss their strategies but cannot make binding commitments [1]. It emphasizes the immunization to deviations that are… …   Wikipedia

  • Classical general equilibrium model — The classical general equilibrium model aims to describe the economy by aggregating the behavior of individuals and firms. Note that the classical general equilibrium model is unrelated to classical economics, and was instead developed within… …   Wikipedia

  • Nash equilibrium — A solution concept in game theory Relationships Subset of Rationalizability, Epsilon equilibrium, Correlated equilibrium Superset of Evolutionarily stable strategy …   Wikipedia

  • Economic equilibrium — Price of market balance: P price Q quantity of good S supply D demand P0 price of market balance A surplus of demand when P<P0 B surplus of supply when P>P0 In economics, economic equilibrium is a state of the world where economic forces… …   Wikipedia

  • bio-economic equilibrium — the simultaneous biological and economic equilibrium in a fishery. In a single stock model, the biological equilibrium condition is that the rate of change of the stock be zero. The economic equilibrium condition is that there be no change in… …   Dictionary of ichthyology

  • Competitive equilibrium — Competitive market equilibrium is the traditional concept of economic equilibrium, appropriate for the analysis of commodity markets with flexible prices and many traders, and serving as the benchmark of efficiency in economic analysis. It relies …   Wikipedia

  • Nobuo Okishio — (置塩 信雄?, January 2, 1927, Hyōgo ku, Kobe – November 13, 2003) was a Japanese Marxian economist and emeritus professor of Kobe University. In 1979, He was elected President of Japan Association of Economics and Econometrics, which is now… …   Wikipedia

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