The authors study, theoretically and quantitatively, the general equilibrium of an economy in which households smooth consumption by means of both a riskless asset and unsecured loans with the option to default. The default option resembles a bankruptcy filing under Chapter 7 of the U.S. Bankruptcy Code. Competitive financial intermediaries offer a menu of loan sizes and interest rates wherein ...

Influence of a vent hood at the exit of exhaust flue gas and flue baffles in the firetube on the temperature and flow fields of a gas tank water heater, as well as thestructure and amount of heat transferred to the water tank has been studiednumerically using two-dimensional steady state finite element simulation.Observations show that without a vent hood, there is a downward gas flow in theflu...

This article presents a perishable (s; S) inventory system under continuous review at a service facility in which a waiting hall for customers is of nite size M. The arrival instants of customers to the service station constitutes a Poisson process. The life time of each items is assumed to be exponential. All arriving customers demand the rst "essential" service, whereas only some of them dema...

this paper presents the steady state behavior and maintenance planning of the bleaching system in a paper plant. the paper plant comprises of various systems including feeding, chipping, digesting, washing, bleaching, screening, stock preparation and paper making, etc. one of the most important functionaries of a paper plant, on which quality of paper depends, is the bleaching system, where rem...

We study the impact of intra-industry trade and capital mobility on steady state welfare stability properties two countries with identical technologies preferences. consider a two-factor overlapping generations model, featuring one-sector differentiated goods taste for variety. There is imperfect competition in output market increasing returns to scale production (fixed costs externalities). In...

background: the safety of rehabilitation centers is of great importance to ensure the well-being of patients. the present study aimed to determine non-structural and functional vulnerability of state rehabilitation centers of tehran city welfare organization in disasters using national standard instruments in 2014. materials and methods: this study has a descriptive and cross-sectional design. ...