This paper explains market turbulence, such as the recent dot-com boom/bust cycle, as equilibrium industry dynamics driven by the synergy between new and existing technologies. When a major technological innovation arrives, a wave of new firms implement the innovation and enter the market. However, if the innovation complements existing technology, some new entrants later will be forced out as ...

This paper provides an explanation for an important institutional feature of staggered time-dependent adjustment rules assumed in a number of macroeconomic models. It identifies strategic complementarity as the crucial factor leading to nonsynchronized decisions in a game-theoretic framework. The paper first shows that nonsynchronization is the equilibrium outcome in an infinite-horizon game in...

This paper analyses the structures of covariance functions digital electroencephalography measurement vectors and two coronavirus images. For this research, we used results 30-channel (E1–E30) images SARS-CoV-2 variants (cor2 cor4), where magnitudes intensity parameters coronaviruses were encoded. The estimators cross-covariance measurements’ auto-covariance separate derived by applying random ...

You have accessJournal of UrologyInfections/Inflammation/Cystic Disease the Genitourinary Tract: Interstitial Cystitis (PD01)1 Sep 2021PD01-01 PREVALENCE OF URINARY TRACT INFECTIONS IN WOMEN WITH INTERSTITIAL CYSTITIS Kyle Smith-Honore, Alexandra Dubinskaya, Catherine Bresee, Kai Dallas, Kamil Barbour, Jayoung Kim, Stephen Freedland, and Jennifer Anger Smith-HonoreKyle Smith-Honore More article...

What drives countercyclical volatility? A large literature has documented that many economic variables are more disperse in recessions, but this could either occur because shocks get bigger or because …rms respond more to shocks which are the same size. Existing evidence that the dispersion of endogenous variables rises in recessions cannot tell us which of volatility or responsiveness is getti...

Forest models can be useful tools to improve our understanding of forest dynamics and to evaluate potential impacts of climate change. There is an ongoing debate how drought events influence the dynamics of tropical forests. In this study, we explored the role of changes in precipitation on tropical forests in Madagascar. Therefore, we derived a new parameterization of the process-based forest ...

This paper develops and analyzes a general-equilibrium model with sticky information. The only rigidity in goods, labor, and financial markets is that agents are inattentive, sporadically updating their information sets, when setting prices, wages, and consumption. After presenting the ingredients of such a model, the paper develops an algorithm to solve this class of models and uses it to stud...

The first part of this text reviews the standard economic viewpoint on expectational coordination, a viewpoint that the recent events have challenged. The second part reviews different existing directions assessments of the rational expectations hypothesis that have been made to-date. The third part shows how such a critical assessment, along the lines of the so-called “eductive” learning appro...

Most Real Business Cycle (RBC) models use the Solow residual as a proxy for a measured aggregate productivity shock. This paper studies implications of the Malmquist productivity index for business cycle analysis using a standard RBC model. By doing this, the study seeks to broaden areas of macroeconomic applications for the Malmquist index. More specifically, this paper chooses aggregate produ...