Capitalism has a good chance of survival if it chooses the steady-state economy model, which is based on population stability and ecological balance. At present, the probability of this scenario happening is nil. Ignorance, lack of political will and big economic interests do not favor the makin...
The steady-state theory states that the universe is always expanding, but it maintains the same density. We know that the state of matter depends on how dense its particles are. Thus, if the density of an object remains the same while its size continues to increase, we can say that that...
CONSUMPTION (Economics)ECONOMIC expansionIt is not easy to numerically simulate the path to a steady state because there is no closed form solution in dynamic economic growth models in which households behave generating rational expectations. In contrast, it is easy if hous...
Christopher Welsh is a licensed investment advisor in the State of Texas and is the president of an investment firm, Lorintine Capital, LP which is a general partner of three separate private funds. He is also an attorney practicing in Dallas, Texas. Chris has been practicing since 2006 and...
In this paper we carry out a comprehensive analysis of the model of oligopoly with sticky prices with full analysis of prices’ behaviour outside their steady-state level in the infinite horizon case. An exhaustive proof of optimality is presented in both open loop and closed loop cases.Similar...
Non-steady-state spreading riskdiscrete control modelsustained control modelThis paper explains the reason to choose a sustained control model to control the non-steady-state spreading risk in supply chain through the creation of formula. It also arrives at a conclusion that different i...
However, the effect of the steady magnetic field on the temperature was not significant, and the maximum temperature of the melt pool surface was 2174 K after applying a steady magnetic field with a magnetic induction of 1 T, which is only 64 K higher than that in the state without a ...