saddle point

Definitions

Economics

  • noun a position of partially unstable equilibrium, i.e. an equilibrium which is stable at some points and unstable at others

Health Economics

  • (written as Saddle-point)
    A combination of two independent variables at which the dependent variable is maximized in respect of changes in one independent variable and minimized in respect of changes in the other. So-called on account of its resemblance to a mountain pass or col connecting two mountains but with steep slopes on its other sides.
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