Unequal and Unstable: Income Inequality and Bank Risk
Abstract We present a model in which income inequality interacts with banks' risk‐taking incentives, generating financial instability. Competition and deposit insurance cause some banks to lend to lower‐income borrowers at underpriced rates, creating “risky banks” that fail in downturns, while others lend to higher‐income borrowers and avoid default ...
YULIYAN MITKOV, ULRICH SCHÜWER
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Impact of Parametrizations of the One-Body Reduced Density Matrix on the Energy Landscape. [PDF]
Cartier NG, Giesbertz KJH.
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Abstract Grain identification in polycrystalline nanoparticles, for example, determining which crystal phases are present at each spatial location, is fundamental to materials characterisation. This is particularly challenging when grains overlap extensively, as commonly occurs in four‐dimensional scanning transmission electron microscopy (4D‐STEM ...
Wei Liu +5 more
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Analysis of mean-field models arising from self-attention dynamics in transformer architectures with layer normalization. [PDF]
Burger M +4 more
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Demographic Dynamics and International Trade: Stylized Facts and Theoretical Insights
ABSTRACT Demographic change within a country has economic repercussions for other countries through international transactions. Ongoing shifts in population size and age structure across countries have important implications for international trade, operating through changes in market size, consumption preferences, and labor supply.
Kumuthini Sivathas
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Injury Induces More Severe Biomechanical Changes in Middle-Aged and Geriatric Lumbar Spines in a Mouse Ex Vivo Model. [PDF]
Bhadouria N +14 more
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ABSTRACT We study optimal simple rating systems that partition sellers into a finite number of tiers. We show that optimal ratings must be threshold partitions, and that for linear supply and Cournot competition with constant marginal cost, optimal thresholds solve a k‐means clustering problem requiring only the quality distribution.
Hugo Hopenhayn, Maryam Saeedi
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Properties of Residual Cumulative Sharma-Taneja-Mittal Model and Its Extensions in Reliability Theory with Applications to Human Health Analysis and Mixed Coherent Mechanisms. [PDF]
Mohamed MS, Sakr HH.
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From Linear Geometry to Nonlinear and Information-Geometric Settings in Test Theory: Bregman Projections as a Unifying Framework. [PDF]
Zumbo BD.
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A graph homomorphism approach for unraveling histories of metastatic cancers and viral outbreaks under evolutionary constraints. [PDF]
Kuzmin K +5 more
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