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An equilibrium characterization of the term structure.
 J. Financial Econometrics
, 1977
"... The paper derives a general form of the term structure of interest rates. The following assumptions are made: (A.l) The instantaneous (spot) interest rate follows a diffusion process; (A.2) the price of a discount bond depends only on the spot rate over its term; and (A.3) the market is efficient. ..."
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Cited by 1041 (0 self)
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. Under these assumptions, it is shown by means of an arbitrage argument that the expected rate of return on any bond in excess of the spot rate is proportional to its standard deviation. This property is then used to derive a partial differential equation for bond prices. The solution to that equation
Deviations, Dynamics, and Equilibrium Refinements
, 1993
"... Existing equilibrium refinements rule out Nash equilibria susceptible to deviations. We propose a framework for considering not only equilibria impervious to deviations, but also equilibria likely to recur in the long run because they are repeatedly deviated to. We explore which equilibria are recur ..."
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Cited by 3 (0 self)
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Existing equilibrium refinements rule out Nash equilibria susceptible to deviations. We propose a framework for considering not only equilibria impervious to deviations, but also equilibria likely to recur in the long run because they are repeatedly deviated to. We explore which equilibria
The stages of economic growth.
 Economic History Review , 2nd series 12,
, 1959
"... JSTOR is a notforprofit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about J ..."
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Cited by 297 (0 self)
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the conventional limits on the theory of production are widened, it is possible to define theoretical equilibrium positions not only for output, investment, and consumption as a whole, but for each sector of the economy.1 Within the framework set by forces determining the total level of output, THE ECONOMIC
Oligopolistic Pricing and the Effects of Aggregate Demand on Economic Activity
 Journal of Political Economy
, 1992
"... We construct a dynamic general equilibrium model in which the typical industry colludes by threatening to punish deviations from an implicitly agreed upon pricing path. We argue that models of this type explain better than do competitive models the way in which the economy responds to aggregate dema ..."
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Cited by 263 (7 self)
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We construct a dynamic general equilibrium model in which the typical industry colludes by threatening to punish deviations from an implicitly agreed upon pricing path. We argue that models of this type explain better than do competitive models the way in which the economy responds to aggregate
equilibrium
"... systems Figure 1: Giant number fluctuations in active granular rods. A) shows a snapshot of the nematic order assumed by the rods. There are 2820 particles (counted by hand) in the cell (area fraction 66%), being sinusoidally vibrated perpendicular to the plane of the image, at a peak acceleration o ..."
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of Γ = 5. The sparse region at the top between 10 and 11 o’clock is an instance of a large density fluctuation. These take several minutes to relax and form elsewhere. B) shows the magnitude of the numberfluctuations (quantified by∆N, the standard deviation, normalized by the square root of the mean
ROBUST OPTIMIZATION EQUILIBRIUM WITH DEVIATION MEASURES∗
"... Abstract: In this paper, we investigate robust optimization equilibria in game theory with two players, in which each player may neither exactly estimate his opponent’s strategies nor evaluate his own cost matrix accurately while may estimate a bounded asymmetric uncertain set. We obtain computation ..."
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Abstract: In this paper, we investigate robust optimization equilibria in game theory with two players, in which each player may neither exactly estimate his opponent’s strategies nor evaluate his own cost matrix accurately while may estimate a bounded asymmetric uncertain set. We obtain computationally tractable robust formulations which turns to be secondorder cone complementarity problems. We provide a probability bound of constraint violation. Some numerical results are presented to illustrate the behavior of robust optimization equilibria. Key words: Robust optimization equilibria, game theory, secondorder cone complementarity problem, probability bound Mathematics Subject Classification:??????????????? 1
International Trade and Macroeconomic Dynamics with Heterogeneous Firms
 Quarterly Journal of Economics
, 2005
"... We develop a stochastic, general equilibrium, twocountry model of trade and macroeconomic dynamics. Productivity differs across individual, monopolistically competitive firms in each country. Firms face a sunk entry cost in the domestic market and both fixed and perunit export costs. Only relativ ..."
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Cited by 230 (8 self)
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We develop a stochastic, general equilibrium, twocountry model of trade and macroeconomic dynamics. Productivity differs across individual, monopolistically competitive firms in each country. Firms face a sunk entry cost in the domestic market and both fixed and perunit export costs. Only
Large Deviations for Nonuniformly Hyperbolic Systems
, 2006
"... We obtain large deviation estimates for a large class of nonuniformly hyperbolic systems: namely those modelled by Young towers with summable decay of correlations. In the case of exponential decay of correlations, we obtain exponential large deviation estimates given by a rate function. In the case ..."
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Cited by 70 (11 self)
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We obtain large deviation estimates for a large class of nonuniformly hyperbolic systems: namely those modelled by Young towers with summable decay of correlations. In the case of exponential decay of correlations, we obtain exponential large deviation estimates given by a rate function
Large Deviations
, 2013
"... Thermodynamics: a crash course 1.1 Thermodynamic equilibrium states From a mechanical point of view, the equilibrium state of an elastic wire is characterized by its length L, that can be changed applying a tension (force) T on the extremes. The resulting length is an increasing function of τ: L = F ..."
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Thermodynamics: a crash course 1.1 Thermodynamic equilibrium states From a mechanical point of view, the equilibrium state of an elastic wire is characterized by its length L, that can be changed applying a tension (force) T on the extremes. The resulting length is an increasing function of τ: L
Results 1  10
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