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单词 endogenous
释义 endogenous

Arising from the working of a system. This is contrasted with exogenous, which means imposed on a system from outside. monopoly in an industry, for example, could be endogenous, where economies of scale allow larger firms to drive out smaller ones, or it could be exogenous, where it is imposed by the state giving one firm a legal monopoly. What is endogenous depends on the scope of any analysis: parameters or institutions which are exogenous in a partial equilibrium model could be endogenous in a general equilibrium model.

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更新时间:2025/1/22 19:15:29