The Dynamics of a Simple Relative Adjustment-Cost Framework
نویسندگان
چکیده
This paper considers a capital accumulation model with the specific feature that adjustment costs depend on investment relative to the size of the capital stock. This framework has, beyond its plausible yet neglected setting, a number of interesting consequences. In particular, the possibility of multiple equilibria, of an unstable steady state and thus of a (‘history dependent’) threshold associated with concavity is surprising given a voluminous literature on multiple, history dependent equilibria emphasising non-concavities (or convexities).
منابع مشابه
Accommodating the Interactional Dynamics of Conflict Management
In this paper, we discuss the ways that communication accommodation theory (CAT) can be a useful framework for understanding and diagnosing interactional issues in interpersonal and intergroup conflict situations. We argue that the theory’s construct of attuning strategies provides a multidimensional view of mutual adjustment, leading to insights relevant to successful versus unsuccessful confl...
متن کاملStudying Short-Time Dynamics of Vegetation and Soil Organic Carbon in a Semi-arid Rangeland (Case Study: Zharf, Khorasan Province, Iran)
Abstract. Rangeland vegetation dynamics encompass all processes of changes in vegetation composition and structure over time. Investigating the rangeland ecosystem dynamics makes it possible to determine the effects of climatic and management conditions on qualitative and quantitative changes of the vegetation in a specific period of time. Accordingly, data collection and measurements for evalu...
متن کاملSimple and multiple correlation of job hardship perception and wellbeing with job adjustment of teachers of exceptional children
The aim of this research was to determine the correlation of job hardship perception and wellbeing with job adjustment of teachers of exceptional children. This research was a description of Correlation type such that the statistical population of the study include all of the teachers of exceptional student of the west provinces of Iran (Ilam, Lorestan. Kermanshah, Kordestan). For this respect,...
متن کاملPnm-13: The Effect of Relaxation on The Compatibility of Infertile Women
Background The infertility prevalence has increased about 5% in the last decade and has considered an epidemy in the community. Coping is defined as the ability of the individual to accept and deal with the grief and losses associated with their infertility. The goal of psychological interventions is to help the individual to cope with the situation. This study has investigated the relaxation e...
متن کاملDynamics analysis of microparticles in inertial microfluidics for biomedical applications
Inertial microfluidics-based devices have recently attracted much interest and attention due to their simple structure, high throughput, fast processing and low cost. They have been utilised in a wide range of applications in microtechnology, especially for sorting and separating microparticles. This novel class of microfluidics-based devices works based on intrinsic forces, which cause micropa...
متن کامل