[PDF] Top 20 Some recent developments in economic theory

... However, it is generally admitted by orthodox economists that considerable public investment is a desirable part of policy directed against instability and industrial fluctuations ; but [r] ... See full document

... Several problems with the use of efficiency criteria by economists are analyzed in De Alessi (1992). This author comes to the conclusion that "economists frequently compare the efficiency of various institutional and ... See full document

... Lott-Sturm-Villani theory [LV09, Stu06a, Stu06b] extends these results from the Riemannian manifold setting to any length space X , ...This theory also extends the above results to weighted length spaces ... See full document

... The dissent in Pollock makes the identical argument but fails to mention Clay Electric. The likely reason for this is that Clay Electric is clearly distinguishable from Pollock. In Clay Electric, the electric company ... See full document

... The theory behind res judicata is not, however, to prevent a petitioner from his or her day in court based on a proce- dural technicality such as the action being dismissed on ripeness or mootness ... See full document

... the economic welfare of the state depends upon the continued growth of industry and business within the state; that the acqui- sition and improvement of unified land and water areas and vacated commer- cial plants ... See full document

... to fully capture the benefits of FDI, product market competition must be strong enough to ensure that cost savings are passed on to consumers, while labour market policies help workers move rapidly into new jobs. As a ... See full document

... In order to compute or approach a local solution of problem (1), nonlinear optimization algorithms produce a sequence of iterates, { x k } say, that (hopefully) converges to such a solution, x ∗ say. As far as ... See full document

... The economic intuition for the possibility of dynamic inefficiency is simple: the structure of the entry cost implies that, in the steady state,the growth rate of the number of firms is [r] ... See full document

... the theory, we allude to [16, 23, 31, 43, 49, 50] as regards the discrete-time situation but also its connections with the continuous-time telegraph process and we refer to [27, 35] concerning recurrence and ... See full document

... Borch (1960c) was the first to study optimal reinsurance contracts within the context of bargaining games, in which he first derived the set of Pareto-optimal contracts and then iden- tified the one corresponding to the ... See full document

... on economic growth and performance has been widely discussed in recent ...Other recent empirical evidence by Gavin and Hausmann (1995) find that when other measures of volatility are included, the ... See full document

... where r(t) is the pdf of a beta random variable and F x ( ) ;  is the cdf of any random variable X. Alzaatreh et al. (2013) proposed another method of generating families of continuous distributions called T-X family by ... See full document

... We have discussed a wide range of models of interest rates, ranging from the equilibrium model of CIR to the practitioner models of BDT and BK. What overall conclusions can be drawn about the state of the art and about ... See full document

... a recent work on the Mott dissociation of pions and kaons in hot, dense quark matter [16] which extends the GBU approach [11–13] to the strangeness sector, we have found that a stable mode of the K + meson occurs ... See full document

... Estimation of the Supremum of Fourier Coefficients on Certain Classes of Functions with Respect to Haar, Rademacher and Walsh Systems.. i_ Prilozen Vyp.[r] ... See full document

... In modern parlance, the concept of a mixed strategy equilibrium associates with a mixed strategy, which refers to a probability distribution that one uses to randomly choose among available actions for avoiding being ... See full document

... Tile AoN representation of a project is unique, and it is easy to demonstrate that the earliest and latest start and finish times of the activities are uniquely defined , and so are the [r] ... See full document

... Compared to competition laws in other countries, Malaysia’s CA2010 is unique in terms of the absence of merger controls. Whilst this may not be a bad thing for a new agency with limited resources (including expertise), ... See full document

... tion. The original unperturbed data would have W = I. We adopt a random weight generated from an underlying distribution F (w), which can be viewed as a perturbation to the objective function. In principle, any ... See full document