Merton, Robert C. "A Dynamic General Equilibrium Model of the Asset Market and Its Application to the Pricing of the Capital Structure of the Firm." Sloan School of Management Working Paper, No.

Rotemberg, Julio J., and Michael Woodford. "Dynamic General Equilibrium Models with Imperfectly Competitive Product Markets." In Frontiers of Business Cycle Research, edited by Thomas Cooley.

However, the net result is that you stay in exactly the same place. This is an example of equilibrium. It is a dynamic equilibrium because your legs and the escalator are still moving.

However, the net result is that you stay in exactly the same place. This is an example of equilibrium. It is a dynamic equilibrium because your legs and the escalator are still moving.