Gradualism and Irreversibility
نویسندگان
چکیده
Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/about/terms.html. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use.
منابع مشابه
Gradualism and Irreversibility1
This paper considers a class of two-player dynamic games in which each player controls a one-dimensional variable which we interpret as a level of cooperation. In the base model, there is an irreversibility constraint stating that this variable can never be reduced, only increased. It otherwise satis...es the usual discounted repeated game assumptions. Under certain restrictions on the payo¤ fu...
متن کاملGradualism in Tax Treaties with Irreversible Foreign Direct Investment
Bilateral international tax treaties govern the host country taxation for the vast majority of the world’s foreign direct investment (FDI). Of particular interest is the fact that the tax rates used under these treaties are gradually falling although the treaties themselves do not specify any such reductions. Since there is no outside governing agency to redress treaty violations, such reductio...
متن کاملThe behaviour of the MPC : Gradualism , inaction and individual voting patterns
We evaluate the degree of gradualism and inaction in UK monetary policy over the Monetary Policy Committee (MPC) period (1997-2007) at the quarterly and the monthly frequency. After accounting for misspecification in standard Taylor rules, we find little evidence for gradualism. A measure of optimal policy is calculated. Comparing this with actual policy suggests that there is less inaction in ...
متن کاملInherent Irreversibility of Exothermic Chemical Reactive Third-Grade Poiseuille Flow of a Variable Viscosity with Convective Cooling
In this study, the analysis of inherent irreversibility of chemical reactive third-grade poiseuille flow of a variable viscosity with convective cooling is investigated. The dissipative heat in a reactive exothermic chemical moves over liquid in an irreversible way and the entropy is produced unceasingly in the system within the fixed walls. The heat convective exchange with the surrounding tem...
متن کاملEvaluation of an Integrated Cryogenic Natural Gas Process with the Aid of Advanced Exergy and Exergoeconomic Analyses
In this study, an integrated structure of the air separation unit, natural gas liquids recovery equipped with nitrogen removal unit is developed. In this regard, advanced exergy and exergoeconomic analyses are used to examine the irreversibility, possible improvements and the cost of the inefficiencies of the process. The exergy analysis presents information on the origin of the irreversibility...
متن کامل