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The price of this security is the state price of this particular state of the world. The state price vector is the vector of state prices for all states. [1] See Financial economics § State prices. An Arrow security is an instrument with a fixed payout of one unit in a specified state and no payout in other states. [2]
Examples of deductible damages include large or excessive holes in the wall, carpet stains, and broken doors and windows. [6] [7] If a landlord wrongfully withholds a tenant's security deposit, the tenant may be entitled to additional damages beyond the amount of the security deposit.
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
Ideal level of investment in company computer security, given decreasing incremental returns. The Gordon–Loeb model is an economic model that analyzes the optimal level of investment in information security. The benefits of investing in cybersecurity stem from reducing the costs associated with cyber breaches. The Gordon-Loeb model provides a ...
The price vector depends on the initial allocation. E.g., if the initial allocation is equal, [(3,3);(3,3)], then both agents have the same budget in CE, so = =. This CE is essentially unique: the price vector may be multiplied by a constant factor, but the CE equilibrium will not change. B.
In economics the production set is a construct representing the possible inputs and outputs to a production process. A production vector represents a process as a vector containing an entry for every commodity in the economy. Outputs are represented by positive entries giving the quantities produced and inputs by negative entries giving the ...
Flow of funds accounts are a system of interrelated balance sheets for a nation, calculated periodically. There are two types of balance sheets: those showing The aggregate assets and liabilities for financial and nonfinancial sectors, and
In mathematical economics, the Arrow–Debreu model is a theoretical general equilibrium model. It posits that under certain economic assumptions (convex preferences, perfect competition, and demand independence), there must be a set of prices such that aggregate supplies will equal aggregate demands for every commodity in the economy.