This note studies conditions under which sequences of capital per head generated by stochastic optimal accumulation models have law of large numbers and central limit properties. The regularity condition used on the productivity shock is somewhat different to that of previous studies. In...

I replace the assumption that an agent makes an optimal choice by an assumption that the agent executes a computational algorithm directed at finding a choice that is good at the time the choice is made. The algorithm utilizes the individual's own information, and information about choices of...

To date, due to the lack of panel data, most micro-level empirical studies of technology adoption have used cross-sectional data. These studies cannot examine the dynamic processes of adoption such as learning. This paper uses panel data to study the adoption of a new high-yielding variety seed....

This paper examines take-up rates in a simple model in which there is a single means-tested benefit involving a 'taper rate' at which benefits are withdrawn as earnings increase. There is a fixed cost of applying for benefits. The model involves a joint decision regarding both labour supply and...

This document provides supplementary data output involved in the production of the population and expenditure projections analysed in the study "Migration, Population Ageing and Social Expenditure in Australia" by Alvarado and Creedy (1996).