This article considers the consequences of explicitly allowing for stochastic technological progress and stochastic labor input in the discrete-time Solow-Swan and AK growth models. It shows that the ...
We use asymptotic methods to analyze the effects of discreteness and random noise on a mathematical model of the lithiation/delithiation dynamics of a single electrode nanoparticle. We begin by ...
First, are macro shocks large enough to alter the course of the economy? Second, are they large enough to materially impact economic welfare? Lucas and many others have addressed these issues, but do ...
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