How to Use "equivalence" with Example Sentences
- 1. The second assumption of the revenue equivalence theorem is that all bidders are risk-neutral .
- 2. Because fiscal positions were sound , there was less of what economists call ricardian equivalence .
- 3. The new system uses a calculation based on the energy equivalence of electricity .
- 4. In fact , under some strict assumptions , the revenue equivalence theorem ( also due to vickrey ) states that all four auction types will result in an identical level of revenue to the seller .
- 5. Economists who believe in " ricardian equivalence " after the early-19th-century economist david ricardo argue fiscal policy is ineffective , because households will offset any government dis-saving with their own higher savings .