Abstract Rich behavioural biases, mistakes, and limits on rational decision-making are often thought to make equilibrium analysis much more intractable. We establish that this is not the case in context of one-sector growth models such as Ramsey–Cass–Koopmans or Bewley–Aiyagari models. break down response economy a change environment policy into two parts: direct at given (pre-tax) prices, whic...

The application of optimal control theory to complex problems in uid mechan ics has proven to be quite e ective when complete state information from high resolution numerical simulations is available Moin Bewley Bewley Moin Temam In this approach an iterative optimization algorithm based on the repeated computation of an adjoint eld is used to optimize the controls for nite horizon nonlinear ow...

We study a pure-exchange incomplete-market economy with heterogeneous agents. In each period, the agents choose how much to save (i.e., invest in risk-free bond), consume, and which bundle of goods consume while their endowments are fluctuating. focus on competitive stationary equilibrium (CSE) wealth distribution is invariant, maximize expected discounted utility, both prices consumption inter...

<p>A quick, reliable, and accurate fault location approach is essential in underground power systems protection. Being the most optimistic research topic of electrical systems, this article presents an optimized algorithm for multi-end cables using travelling waves. Existing algorithms based on wavelet theory have fewer reliability accuracy issues that raise error to location. The propose...

کلید واژه های هژمونی و ضد را نخستین بار آنتونیو گرامشی مطرح نمود تا نحوه ی کارکرد اعمال قدرت نرم توسط سیستم حاکم تشریح کند. در تعریف گرامشی، به گفتمان هایی اطلاق می شود که آنها ارزش گنجانده شده شکل خواستار کسب رضایت آحاد جامعه است. مقابل، معنای متضادی است مقابل هژمونیک ایستد آرمان افراد خارج از دایره بیان رمان خم رودخانه اثر نایپال درحالیکه بازتاب غالب دوران استعمار پسااستعمار پردازد، همزمان طر...