For numerous fundamental processes of life, the formation of certain protein patterns is essential. Protein pattern formation ...
How can mortgages be redesigned to reduce housing market volatility, consumption volatility, and default? How does mortgage design interact with monetary policy? We answer these questions using a ...
Living systems are achieved by complex chemical reaction dynamics far from equilibrium, such as gene expression networks, signalling networks, metabolic circuits and neural networks. The design, ...
This paper corrects a shortcoming in the literature on computable general equilibrium models and imperfect competition with free entry and increasing returns to scale. The trade integration ...
Journal of Economic Integration, Vol. 19, No. 3 (September 2004), pp. 626-649 (24 pages) Computable General Equilibrium (CGE) models have been widely used for quantitative analysis of global economic ...
This article ( original research paper) proposes a systematic regression-based fundamental equity valuation model that can potentially be applied in areas such as quantitative finance and machine ...
The concept of punctuated equilibrium was, to some, a radical new idea when it was first proposed by Stephen Jay Gould and Niles Eldredge in 1972. Now it is widely recognized as a useful model for one ...
Merton, Robert C. "A Simple Model of Capital Market Equilibrium with Incomplete Information." Journal of Finance 42, no. 3 (July 1987): 483–509.
Merton, Robert C. "A Dynamic General Equilibrium Model of the Asset Market and Its Application to the Pricing of the Capital Structure of the Firm." Sloan School of Management Working Paper, No.
In 1950, John Nash — the mathematician later featured in the book and film “A Beautiful Mind” — wrote a two-page paper that transformed the theory of economics. His crucial, yet utterly simple, idea ...