A common assumption of political economy is that profit rates across firms or sectors tend to uniformity, and often models are formulated in which this tendency is assumed to have been realised. But in reality this tendency is never realised and the distribution of firm profits is not degenerate but skewed to the right. The mode is less than the mean and super-profits are present. To understand...

A number of writers have supposed that for the full specification of belief, higher order probabilities are required. Some have even supposed that there may be an unending sequence of higher order probabilities of probabilities of probabilities.... In the present paper we show that higher order probabilities can always be replaced by the marginal distributions of joint probability distributions...

This paper is an investigation of LF-copies created by scrambling in the context of FNQ-constructions. It demonstrates that movement leaves a copy at LF only when it targets a position within the next search space; it does not leave an LF copy if movement takes place too close within a single domain of search space. By characterizing this in terms of “Distinctness of Copies,” this paper provide...

We consider a generalized version of a directionally reinforced random walk, which was originally introduced by Mauldin, Monticino, and von Weizsäcker in [20]. Our main result is a stable limit theorem for the position of the random walk in higher dimensions. This extends a result of Horváth and Shao [13] that was previously obtained in dimension one only (however, in a more stringent functiona...

This paper describes XRCE’s participation in Large Scale Visual Concept Detection and Annotation Task [16] and Photo Retrieval Task [17] of ImageCLEF 2009. Those tasks both use a new collection which is different and which is much larger than the ones used in past sessions. Moreover, new kinds of challenge to tackle were designed such as new categories to detect or new types of topic to deal wi...

A complete investigation on the free vibration and stability analysis of beams made of functionally graded materials (FGMs) containing open edge cracks utilizing four beam theories, Euler-Bernoulli, Rayleigh, shear and Timoshenko, is performed in this research. It is assumed that the material properties vary along the beam thickness exponentially and the cracked beam is modeled as two segments ...

Several common flexible functional forms are evaluated for Texas agricultural production utilizing three procedures. Nested hypothesis tests indicate that the normalized quadratic is the marginally-preferred functional form followed by the generalized Leontief. Predictive accuracy results are ambiguous between the generalized Leontief and the normalized quadratic. Statistical performance favors...

In this paper, we consider a kind of higher-order neutral equation with distributed delay and variable parameter: (x(t) – p(t)x(t – σ ))(n) + f (x(t))x′(t) + g( ∫ 0 –r x(t + s)dα(s)) = q(t). By using the classical coincidence degree theory of Mawhin, sufficient conditions for the existence of periodic solutions are established. Recent results in the literature are generalized and significantly ...

The well-known third list homomorphism theorem states that if a function h is both an instance of foldr and foldl , it is a list homomorphism. Plenty of previous works devoted to constructing list homomorphisms, however, overlook the fact that proving h is both a foldr and a foldl is often the hardest part which, once done, already provides a useful hint about what the resulting list homomorphi...