نتایج جستجو برای: indeterminacy state
تعداد نتایج: 859062 فیلتر نتایج به سال:
The aim of the present paper is to analyze the link between price rigidity and indeterminacy. This is done within a cash-in-advance economy from which we know that it exhibits indeterminacy at high degrees of relative risk aversion. I Þnd that price stickiness reduces the scope of these sunspot equilibria: sluggish price adjustment requires degrees of relative risk aversion compatible with inde...
If agents are ambiguity-averse and can invest in productive assets, asset prices can robustly exhibit indeterminacy in the markets that open after the productive investment has been launched. For indeterminacy to occur, the aggregate supply of goods must appear in precise configurations, but the investment levels that generate these supplies arise systematically. That indeterminacy arises only ...
We examine stability under learning of sunspot equilibria in Real Business Cycle type models with indeterminacies. Our analysis emphasizes the importance of examining alternative representations of sunspot solutions. A general bivariate reduced form contains parameter regions in which sunspots are stable under learning. However, for parameters restricted to those generated by standard models of...
Segmentation is considered as an important step in image processing and computer vision applications, which divides an input image into various non-overlapping homogenous regions and helps to interpret the image more conveniently. This paper presents an efficient image segmentation algorithm using neutrosophic graph cut (NGC). An image is presented in neutrosophic set, and an indeterminacy filt...
This note shows that introducing into the economy a few number of agents who do not support sunspots theories magnifies endogenous business cycles fluctuations when the current state of the economic system is sensitive enough to traders' forecasts, or equivalently, in presence of indeterminacy. Citation: Gauthier, Stéphane, (2004) "Small departures from rationality magnify fluctuations." Econom...
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