Many situations in economics are complicated and competitive. New research raises the question of whether many theories in economics may suffer from the very fundamental problem that the key ...

A collision between relativistic ions will sometimes, if the temperatures/energies of the particles are high enough, create a temporary state known as a quark-gluon plasma: where even individual ...

The glass transition, extensively studied in dense fluids, polymers or colloids, corresponds to a marked evolution of equilibrium transport coefficients on a modest change of control parameter, such ...

A new discovery could be the beginning of a general framework of rules for seemingly unpredictable non-equilibrium systems, explain researchers. Scientists have long known the ins and outs of ...

Equilibrium price is a common economics term that refers to the exact price at which market supply equals market demand. Selling goods and services at the equilibrium price point leads to optimized ...

In the context of markets, equilibrium is when there's a balance between supply and demand, causing prices to stabilize. When there's an imbalance between supply and demand, prices tend to fluctuate ...

Scientists have long known the ins and outs of equilibrium thermodynamics. Systems in equilibrium — a stable state of unchanging balance — are governed by a neat set of rules, making them predictable ...