The Ramsey (1928) equation decomposes the real discount rate into the pure rate of time preference plus a term that accounts for the changing marginal utility of consumption. Discussions about the appropriate discount rate to apply in Cost Benefit Analysis sometimes refer to variations induced...

The entropy production rate for fractional diffusion processes using Shannon entropy was calculated previously, which showed an apparently counter intuitive increase with the transition from dissipative diffusion behaviour to reversible wave propagation. Rényi and Tsallis entropies, which have...