The theory of intertemporal consumption choice makes sharp predictions about the evolution of the entire distribution of household consumption, not just about its conditional mean. In the paper, we study the empirical transition matrix of consumption using a panel drawn from the Bank of Italy Survey of Household Income and Wealth. We estimate the parameters that minimize the distance between th...

There have been several spectral bounds for the percolation transition in networks, using spectrum of matrices associated with the network such as the adjacency matrix and the nonbacktracking matrix. However, they are far from being tight when the network is sparse and displays clustering or transitivity, which is represented by existence of short loops, e.g., triangles. In this paper, for the ...

Let P be the transition matrix of a finite, irreducible and reversible Markov chain. We say the continuous time Markov chain X has transition matrix P and speed λ if it jumps at rate λ according to the matrix P . Fix λX , λY , λZ ≥ 0, then let X,Y and Z be independent Markov chains with transition matrix P and speeds λX , λY and λZ respectively, all started from the stationary distribution. Wha...

The most general nonuniform reaction-diffusion models on a one-dimensional lattice with boundaries, for which the time evolution equations of correlation functions are closed, are considered. A transfer matrix method is used to find the static solution. It is seen that this transfer matrix can be obtained in a closed form, if the reaction rates satisfy certain conditions. We call such models su...

This paper summarizes recent research on an approach for the analytical solution to systems of delay differential equations developed using the Lambert W function [26, 29], and its applications [25, 28]. Also, several outstanding research problems associated with the solution of systems of delay differential equations using the matrix Lambert W function are highlighted. The solution has the for...

In Markov chain models in finance and healthcare a transition matrix over a certain time interval is needed but only a transition matrix over a longer time interval may be available. The problem arises of determining a stochastic pth root of a stochastic matrix (the given transition matrix). By exploiting the theory of functions of matrices, we develop results on the existence and characterizat...

Drought is one of the most important weather-induced phenomena which may have severe impacts on different areas such as agriculture, economy, energy production, and society. A number of drought indices have been introduced and used in various countries to date. In the current study, four meteorological drought indices including Percent of Normal Precipitation Index (PNPI), Standard Index of Ann...

We present in this paper results of a nonlinear optical spectroscopy approach to measurement of excited-state transition matrix elements. Recent advances in the quality of excited-state transition matrix elements have permitted renormalization of earlier measurements of transition amplitudes associated with the 5s S1/2 → 5p Pj → 5d D3/2 two-photon transitions in atomic 87Rb. Previous measuremen...