Results 121 to 130 of about 726,750 (291)
Markov or not Markov - this should be a question [PDF]
Although it is well known that Markov process theory, frequently applied in the literature on income convergence, imposes some very restrictive assumptions upon the data generating process, these assumptions have generally been taken for granted so far ...
Bickenbach, Frank, Bode, Eckhardt
core
Labor Market Monopsony Power and the Dynamic Gains to Openness Reforms
International Economic Review, EarlyView.ABSTRACT We embed labor market monopsony into a dynamic heterogeneous‐firm general equilibrium model with exporting, horizontal FDI, and rich firm lifecycle dynamics. Rising marginal costs with monopsony slow and limit incumbent firm growth in response to liberalization, shifting adjustment to the extensive margin.
Priyaranjan Jha +2 more
wiley +1 more source
Rigorous Lower Bound on Dynamical Exponents in Gapless Frustration-Free Systems
Physical Review XThis work rigorously establishes a universal lower bound z≥2 for the dynamical exponent in frustration-free quantum many-body systems whose ground states exhibit power-law decaying correlations.
Rintaro Masaoka +2 more
doaj +1 more source
Theory and Inference for a Markov-Switching GARCH Model [PDF]
We develop a Markov-switching GARCH model (MS-GARCH) wherein the conditional mean and variance switch in time from one GARCH process to another. The switching is governed by a hidden Markov chain. We provide sufficient conditions for geometric ergodicity
Jeroen V.K. Rombouts +2 more
core +6 more sources
Measuring the Stringency of Building Height Regulations
International Economic Review, EarlyView.ABSTRACT This study proposes a novel methodology to measure the stringency of building height regulations. This measure gauges the difference in building heights with and without regulations. The primary challenge is to recover unobserved building heights in the absence of regulations.
Yusuke Adachi
wiley +1 more source
Dynamic Output Feedback Control of Discrete Markov Jump Systems based on Event-Triggered Mechanism
Journal of Control Science and Engineering, 2018 This paper is devoted to the co-design strategy of event-triggered scheme and dynamic output feedback controller for a class of discrete-time networked control systems (NCSs) with random time delay.
Zhen Zhao, Jinfeng Gao, Tingting Zhang
doaj +1 more source
International Economic Review, EarlyView.ABSTRACTLarger firms feature (i) longer hours worked, (ii) higher wages, and (iii) smaller (larger) wage penalties for working long (short) hours. We reconcile these patterns in a general equilibrium model, which features the endogenous interaction of hours, wages, and firm size. In the model, workers willing to work longer hours sort into larger firms
Lin Shao +2 more
wiley +1 more source
A Quantile Model of Firm Investment
International Economic Review, EarlyView.ABSTRACT Are firms risk averse? We propose a dynamic model of firm investment under uncertainty that captures firms' risk attitudes through quantile preferences. The firm maximizes its present value, defined as current profits and investment plus the discounted value of the τ$\tau$‐quantile of its value next period.
Heitor Almeida +3 more
wiley +1 more source
A Non‐Parametric Framework for Correlation Functions on Product Metric Spaces
International Statistical Review, EarlyView.Summary We propose a non‐parametric framework for analysing data defined over products of metric spaces, a versatile class encountered in various fields. This framework accommodates non‐stationarity and seasonality and is applicable to both local and global domains, such as the Earth's surface, as well as domains evolving over linear time or time ...
Pier Giovanni Bissiri +3 more
wiley +1 more source
An inequality for polynomials with elliptic majorant
Journal of Inequalities and Applications, 1999 Let be the transformed Chebyshev polynomial of the first kind, where . We show here that has the greatest uniform norm in of its -th derivative among all algebraic polynomials of degree not exceeding , which vanish at and satisfy the inequality ...
Nikolov Geno
doaj