Loading...
Loading...
The temporal analog to market-clearing in standard equilibrium. A system cycle-clears when all resource commitments made in one cycle are fulfilled before the next cycle begins—there is no temporal debt or unfunded future obligation accumulating.
A PSC cycle-clears if every cohort's pay-it-forward obligations are satisfied within the designated repayment window, leaving no unfunded commitments for future cohorts to absorb.
GERC Section 2.3