We consider a continuous time system influenced by different agents who adopt moving horizon control. The well known Nash equilibrium concept is used to define two solution concepts fitting in the moving horizon structure. One of them is analyzed in more detail in the class of linear quadratic games. The (dis)advantages of moving horizon control are illustrated by means of a government debt sta...

In the title compound, C(10)H(10)N(6), the three N atoms in the 2-positions of the pyrazole rings (the ones not bridging to the central C atom are acceptors for weak C-H⋯N contacts with H⋯N distances ranging from 2.49 to 2.59 Å). These furnish the formation of layers perpendicular to [100]. An ortho-rhom-bic polymorph of the title compound has already been described [McLauchlan et al. (2004 ▶)....

Correlated spontaneous activity in the form of retinal "waves" has been observed in a wide variety of developing animals, but whether retinal waves occur in the primate has not been determined previously. To address this issue, we recorded from isolated retinas using multielectrode arrays at six fetal ages: embryonic day 51 (E51), E55, E60, E67, E71, and E76. These recordings revealed that the ...

We have found a ~311m Al20 3 grain (B39) in the Bishunpur LL3.1 chondrite that is enriched in 170 by a factor of ~6.8 e60/170 = 385 ± 9) and depleted in 180 by almost 60% e60/180 = 853 ± 30) relative to solar system oxygen and has an initial 26Al/27Al = 1.7 ± 0.2 x 103, ~34 times greater than the initial solar system value. The isotopic compositions of B39 and two other Al20 3 grains previously...

The rumen is an important digestive organ in ruminants. Numerous regulatory factors including microRNAs (miRNAs) are involved in embryonic organ development. In the present study, miRNAs expressed in the rumens of goats (Capra hircus) and their potential roles in the pathways involved in rumen development were identified using high-throughput sequencing. Histological morphology revealed a disti...

A partly heuristic attempt at exploring long-run policies aimed at a second-best compromise between ex ante risk-sharing efficiency and ex post productive efficiency. Wage subsidies for low-skilled workers financed by taxes on high wages are advocated, together with improved risk sharing between capital and labour, between generations and between the countries belonging to EMU. The scope of the...

The successful pursuit of the objective of low inflation by central banks in recent decades has also delivered low variability of both inflation and output. At the same time, numerous financial and other "imbalances" (defined here as significant and sustained deviations from historical norms) have emerged. Should these imbalances revert to the mean, there could be significant effects on output ...

This paper examines empirically the relationship between the relative price of capital and the rate of economic growth. In the results. machinery appears to bc the most important component of capital: when the relative price of machinery and the relative price of nonmachinery are included in a Barro ( 199 1) growth regression, a strong negative relationship between growth and the machinery pric...

Supply-side policies can play a role in fighting a low aggregate demand that traps an economy at the zero lower bound (ZLB) of nominal interest rates. Reductions in mark-ups or future increases in productivity triggered by supply-side policies generate a wealth effect that pulls current consumption and output up. Since the economy is at the ZLB, increases in interest rates do not undo this weal...