We explore the implications of endogenous credit market imperfections for the relationship between property crime and the process of economic development. In the initial stages of development, property crime rises as the opportunities to gain from illegal activities expand. In later stages, however, crime falls as capital market imperfections are overcome and legal activities become more pro ta...

This chapter considers a recent trend in the application of stochastic games to economics characterized by the use of the latticetheoretic approach to capture the monotonic properties of Markovian equilibria. The topics covered are: (i) a general framework for discounted stochastic games with Lipschitz-continuous and monotone equilibrium strategies and values, (ii) a model of capital accumulati...

In a gas-liquid stirred reactor, gas tends to accumulate in low-pressure regions behind the impeller blades. Such gas accumulation forming so-called gas cavities, significantly alters impeller performance characteristics. We have computationally investigated gas-liquid flow generated by a Rushton turbine. Rotating Rushton turbine generates trailing vortices behind the blades, which enhance the ...

To investigate the role of cell viability and metabolism on the myocardial kinetics of a new tracer, technetium-99m-methoxyisobutyl isonitrile (Tc-99m-MIBI), 250 microCi/l Tc-99m-MIBI was infused in isolated rat hearts under constant flow conditions. The hearts were studied after inducing irreversible damage by cytochrome c oxidase inhibitor sodium cyanide (n = 8) or sarcolemmal membrane deterg...

The mechanisms of perceptual decision-making are frequently studied through measurements of reaction time (RT). Classical sequential-sampling models (SSMs) of decision-making posit RT as the sum of non-overlapping sensory, evidence accumulation, and motor delays. In contrast, recent empirical evidence hints at a continuous-flow paradigm in which multiple motor plans evolve concurrently with the...