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This paper is about a novel evolutionary theory of macroeconomics. The fundamental premise is that value and scarceness …. The theory is anchored in probability theory. The methods employed are logically deductive. Consistency of premises and … results as well as the eventual necessity of their fundamental symmetry has been deliberately pursued. The theory is universal …
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Site-adaptation corrects long-term satellite-derived solar irradiance datasets, which improve solar power system modeling by reducing the risks in performance estimation. This study begins with a data-efficient approach to probabilistic site-adaptation, using simple model averaging to quantify...
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We construct an overlapping generations model in which parents vote on the tax rate that determines publicly provided education and offspring choose their effort in learning activities. The technology governing the accumulation of human capital allows these decisions to be strategic complements....
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