In this paper, we introduce non-interest profit/loss sharing (PLS) banks into a three-period overlapping generations model. Two types, (low- and high quality) investments are assumed and capital accumulation and level of output in the steady state is considered. Then, administrative rationing is introduced to the model. It is shown that the level of capital accumulation and output in equilibriu...

What are the aggregate consequences of microeconomic lumpy decisions? This is by now a classical question. Most existing general equilibrium analyses focus, however, on one single decision at a time. In the present paper we analyze simultaneous (S,s) pricing and investment decisions. Surprisingly, equilibrium dynamics are similar to what they would be in the absence of restrictions on price or ...

When constructing practical zero-knowledge proofs based on the hardness of the RingLWE or the Ring-SIS problems over polynomial rings Zp[X]/(X + 1), it is often necessary that the challenges come from a set C that satisfies three properties: the set should be large (around 2), the elements in it should have small norms, and all the non-zero elements in the difference set C −C should be invertib...

When constructing practical zero-knowledge proofs based on the hardness of the RingLWE or the Ring-SIS problems over polynomial rings Zp[X]/(X + 1), it is often necessary that the challenges come from a set C that satisfies three properties: the set should be large (around 2), the elements in it should have small norms, and all the non-zero elements in the difference set C −C should be invertib...

It is shown that (except for two well defined cases), the necessary and sufficient condition for any spherically symmetric distribution of fluid to leave the state of equilibrium (or quasi–equilibrium), is that the Weyl tensor changes with respect to its value in the state of equilibrium (or quasi–equilibrium). ∗Postal address: Apartado 80793, Caracas 1080A, Venezuela; E-mail address: laherrera...

A theoretical study of the kinetics and mechanism of second-order intermolecular C.) cloadd it ion of 2-Ethyny1-2,3-Dihydrofurane and Phenyl Azide was performed using DFT method at 101.111 le) cl of theory with 6-31 PrEG(d,p) basis set at 298.15K. Equilibrium molecular geometries and harmonic ) ihrational frequencies ofthe reactants, transition state, and product were calculated. The kinetic an...

We study a version of the multipopulation replicator dynamics, where each population is comprised of multiple subpopulations. We establish that correlated equilibrium is a natural solution concept in this setting. Specifically, we show that every correlated equilibrium is equivalent to a stationary state in the replicator dynamics of some subpopulation model. We also show that every interior st...