Is the Market in Equilibrium State or Real Time Imbalance State?

FEA Working Paper No. 2010-20

8 Pages Posted: 18 Aug 2009 Last revised: 7 Jan 2010

See all articles by Mario Arturo Ruiz Estrada

Mario Arturo Ruiz Estrada

University of Malaya (UM) - Faculty of Economics & Administration (FEA)

Date Written: August 18, 2009

Abstract

This paper is interested to find if the market behavior keeps an equilibrium state or real time imbalance state, then we can understand more deep the complexity and dynamicity of the market behavior from two different approaches. Our paper also tries to compare the difference between Ceteris Paribus assumption and Omnia Mobilis assumption in the study of the equilibrium. Finally, we like to present a multidimensional graphical modeling approach to show that the demand, supply and equilibrium always keeps in a real time imbalance state without the uses of Ceteris Paribus assumption.

Keywords: Econographicology, Euclidean Geometry, Economic Teaching, Ceteris Paribus

JEL Classification: B40, B41

Suggested Citation

Ruiz Estrada, Mario Arturo, Is the Market in Equilibrium State or Real Time Imbalance State? (August 18, 2009). FEA Working Paper No. 2010-20. Available at SSRN: https://ssrn.com/abstract=1456826 or http://dx.doi.org/10.2139/ssrn.1456826

Mario Arturo Ruiz Estrada (Contact Author)

University of Malaya (UM) - Faculty of Economics & Administration (FEA) ( email )

Kuala Lumpur, 50603
Malaysia
+60126850293 (Phone)

HOME PAGE: http://ssrc.um.edu.my/

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