ENTROPY, BIFURCATION AND DYNAMIC MARKET DISEQUILIBRIUM
نویسندگان
چکیده
منابع مشابه
irans regional labor market disequilibrium survey
this paper tries to survey irans regional labor market disequilibrium within 1996-2000. according to the results there has been an increase in the amount of disequilibrium of irans national as well as regional labor markets. incomplete labor market information on vacant job opportunities in different regions of the country along with high costs of migration have been the major causes of unemplo...
متن کاملBayesian Inference in Dynamic Disequilibrium Models: An Application to the Polish Credit Market
We review Bayesian inference for dynamic latent variable models using the data augmentation principle. We detail the difficulties of simulating dynamic latent variables in a Gibbs sampler. We propose an alternative specification of the dynamic disequilibrium model which leads to a simple simulation procedure and renders Bayesian inference fully operational. Identification issues are discussed. ...
متن کاملBusiness Cycles , Wage Stickiness and Labor Market Disequilibrium
Real Business Cycles are often studied in the context of the general equlibrium framework with competitive markets, flexible wages and prices. This restricts the effective application of intertemporal models to the real world business cycles. Stickiness of wages and prices have been considered in recent monopolistic competition models. In this paper, we go a step further and separate labor supp...
متن کاملA noise-controlled dynamic bifurcation
We consider a slow passage through a point of loss of stability. If the passage is sufficiently slow, the dynamics are controlled by additive random disturbances, even if they are extremely small. We derive expressions for the ‘exit value’ distribution when the parameter is explicitly a function of time and the dynamics are controlled by additive Gaussian noise. We derive a new expression for t...
متن کاملHomoclinic orbits and bifurcation of entropy-carrying hit-sets
We study a generic piecewise monotone map f : [0, 1] → [0, 1] with a particular type of entropy-carrying set X. We show under certain conditions that maps sufficiently C-close to f with more topological entropy have entropy-carrying sets containing X. New homoclinic orbits are created to every periodic point of X. 2000 Mathematics Subject Classification (MSC2000). 37E05, 37B40, 37Gxx
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: The Financial Review
سال: 1984
ISSN: 0732-8516,1540-6288
DOI: 10.1111/j.1540-6288.1984.tb01101.x