Observationally Equivalent Financial Mechanisms in an OLG Model with Spatial Separation

Technology Adoption in an OLG model with forward-looking agents

We investigate the effects of forward looking behaviour in technology adoption. The setup is an overlapping generation model where agents choose between two alternative networks taking in consideration the installed base as well as the expected base. In other words users not only keep into account the actions of previous players, but also form expectations over future generations’ choices befor...

The Diamond OLG Model

Are Deterministic Descriptions And Indeterministic Descriptions Observationally Equivalent?

The central question of this paper is: are deterministic and indeterministic descriptions observationally equivalent in the sense that they give the same predictions? I tackle this question for measuretheoretic deterministic systems and stochastic processes, both of which are ubiquitous in science. I first show that for many measure-theoretic deterministic systems there is a stochastic process ...

A Stationary Markov Equilibrium in an OLG Model

This paper provides sufficient conditions on the technology and preferences, under which the optimal savings-consumption policy is unique, and a stationary Markov equilibrium exists for an overlapping generation economy. Comparing with Wang (1993), our conditions on the uniqueness of optimal policy function are more general, and our conditions on the existence of equilibria depend on the exogen...

cost benefits of rehabilitation after acute coronary syndrome in iran; using an epidemiological model

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