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In a recent paper, Judd et al. [2003. Journal of Finance 58, 2203-2217] study asset trading in a version of the standard Lucas infinite horizon economy with heterogeneous agents. They report the surprising finding that (for generic economies in their class ...
We show that the maximum-likelihood (ML) estimate of models derived from Luce’s choice axiom (e.g., the Plackett–Luce model) can be expressed as the stationary distribution of a Markov chain. This conveys insight into several recently proposed spectral inf ...
We study the asymptotic stability of a two-dimensional mean-field equation, which takes the form of a nonlocal transport equation and generalizes the time-elapsed neuron network model by the inclusion of a leaky memory variable. This additional variable ca ...
We study the behavior of solutions to the incompressible 2d Euler equations near two canonical shear flows with critical points, the Kolmogorov and Poiseuille flows, with consequences for the associated Navier-Stokes problems. We exhibit a large family of ...
Humans are comparison machines: comparing and choosing an item among a set of alternatives (such as objects or concepts) is arguably one of the most natural ways for us to express our preferences and opinions. In many applications, the analysis of data con ...
Scaling laws in ecology, intended both as functional relationships among ecologically relevant quantities and the probability distributions that characterize their occurrence, have long attracted the interest of empiricists and theoreticians. Empirical evi ...
We define "random trip", a generic mobility model for random, independent node motions, which contains as special cases: the random waypoint on convex or nonconvex domains, random walk on torus, billiards, city section, space graph, intercity and other mod ...
We define ``random trip", a generic mobility model for random, independent node motions, which contains as special cases: the random waypoint on convex or non convex domains, random walk on torus, billiards, city section, space graph, intercity and other m ...