Can a system be considered to be in local thermodynamic equilibrium even if it is not in global equilibrium?

This paper analyzes the determination of global equity portfolios and stock returns in the context of imperfectly integrated stock markets. DYNAMIC EQUILIBRIUM LIMIT ORDER BOOK MODEL AND. OPTIMAL EXECUTION PROBLEM. Jin Ma. Department of Mathematics, University of Southern California. Los Angeles, CA ... Dynamic equilibrium during calcite-water interactions. Christine V. Putnis (1,2) and Encarnación Ruiz-Agudo (3). (1) University of Münster, Institut für ... ... dynamic equilibrium, where net sediment deposition is approximately in balance with net erosion. Lack of equilibrium typically affects the degree to which ... Oct 22, 2018 ... Duke is working on solutions to find equilibrium—to create a balanced system that supports its surgeon–scientists in finding success in both ... EquilibriaDynamic equilibrium. Reversible reactions in closed systems reach equilibrium where the rates of forward and reverse reactions are constant. Pressure, ... Object A continues to move at a constant speed until the horizontal force balances the frictional force. Horizontal force should be in the direction of motion, ... A dynamic equilibrium, in which continuous change occurs yet relatively uniform conditions prevail. This paper shows how to build algorithms that use graphics processing units (GPUs) installed in most modern computers to solve dynamic equilibrium models in ... We present a dynamic equilibrium simulation of the ice sheet-shelf system on Antarctica with the Potsdam Parallel Ice Sheet Model (PISM-PIK).