The introduction of banks that issue money and supply balances and pay out their profits as dividends is the natural modification of the model of general competitive equilibrium that encompasses monetary economies. Competitive equilibria exist. Nevertheless, eventhough there is a well defined money market, competitive equilibrium allocations are indeterminate. On an event tree with N nodes, of ...

In this paper we explore the computation and simulation of stochastic overlapping generation (OLG) models. To do so we compute all Markovian equilibria adopting a recently developed numerical algorithm. Among the models we studied, the indeterminacy in deterministic OLG model results in many different equilibrium paths corresponding to the initial condition that all asymptotically converge to t...

In this paper, we studied the problems faced by construction workers in West Bengal in order to find its solutions using neutrosophic cognitive maps, which is the generalization of fuzzy cognitive maps. Florentin Smarandache and Vasantha Kandasamy studied neutrosophic cognitive map which is an extension of fuzzy cognitive map by incorporating indeterminacy. Construction sector plays a major rol...

‘Material indeterminacy’ is the term I use to discuss how my work since 2010 has explored consequences of placing materiality, indeterminacy, and responsiveness at centre a compositional practice, what means for relationships between instrument, player, score. propose that structural consequence contingency in instrumental performance an underexplored aspect experimental composition, which hist...

The reply of de la Torre, Daleo and García-Mata [Eur. J. Phys. 23 (2002) L15–L16] to a criticism of their 'demythologizing' analysis of the clock-in-the-box debate between Einstein and Bohr is commented on. The main point of the reply [1] of de la Torre, Daleo and García-Mata (TDG) to my criticism [2] of their 'demythologizing' analysis [3] of the arguments of Bohr and Einstein concerning the f...

Many phenomena appear to be indeterminate, including material macro-object boundaries and certain open future claims. Here I provide an account of indeterminacy in metaphysical, rather than semantic or epistemic, terms. Previous accounts of metaphysical indeterminacy (MI) have typically taken this to involve its being indeterminate which of various determinate (precise) states of affairs obtain...