This paper extends the results of Jovanovic and Rosenthal (1988) on the existence of equilibrium in anonymous sequential games. They prove existence in the case where the aggregate distribution of agents' characteristics ...
We develop a theoretical model of the dynamics of an industry over the business cycle. In the economy, both aggregate demand and the productivity of a firm's technology evolve stochastically. Each period, firms must choose ...
We study the dynamics of an industry subject to aggregate demand shocks where the productivity of a firm’s technology evolves stochastically over time. To characterize the intertemporal evolution
of the distribution of ...
We study the dynamics of an industry subject to aggregate demand shocks where the productivity of a firm’s technology evolves stochastically over time. Each period, each firm, given the aggregate demand shock, the productivity ...
A road develops permanent deformation and fatigue damage because of the strains induced in its
structure by surface loading and environmental change. A mechanistic-empirical approach is
implemented here to simulate the ...
This paper attempts to model the nominal and real exchange rate for Ireland, relative to Germany and the UK from 1975 to 2003. It offers an overview of the theory of purchasing power parity (Ppp), focusing particularly on ...
Whelan, Karl(2004 Copyright Central Bank of Ireland, 2004-10)
The one-sector Solow-Ramsey growth model informs how most modern researchers characterize macroeconomic trends and cycles, and evidence supporting the model's
balanced growth predictions is often cited. This paper shows, ...
Recent evidence on output convergence across economies has been widely interpreted as falsifying the predictions of endogenous growth theory. This paper shows, however, that nonconvergence is an artifact of the deterministic ...
The fractional Fourier transform (FRT) is known to be optically implementable with use of a medium with a perfect radial quadratic-index profile. Using the quantum-mechanical operator formalism, we examine the
effects ...