We build a subgame perfect Nash equilibrium of a common property productive asset oligopoly and analyze separately the impact of a change in the implicit growth rate of the asset and a change in the number of firms exploiting the asset. We show that the steady state level of asset can be a decreasing function of the asset’s implicit growth rate. This phenomenon arises when the initial stock of ...

This paper is aimed at providing a quantitative analysis of the impact of population aging in Japan on financing its universal health insurance system and potential reform policies. We construct a general equilibrium life cycle economy that is used to study the impact of an aging population on household’s work and savings behavior, as well as on aggregate output and welfare. In particular, taki...

The general coupling between particle transport and ionization-recombination processes in hot plasma is considered on the key concept of equilibrium charge state (CS) transport. A theoretical interpretation CS gained terms a two-dimensional (2D) Markovian stochastic (random) processes, discrete 2D Fokker-Plank-Kolmogorov equation (in space variables) generalized coronal atomic basic tool for an...