This paper analyzes processes of deflation and reflation in a debt-constrained economy. Nominally rigid debt obligations could limit firms' ability to reduce the output prices in response to a negative aggregate demand shock, giving ride to an under-employment equilibrium. The standard policy...

Recent years have seen a rapid expansion of economic literature on stigma, a notion that had been widely studied in sociology in relation to social deviance. Yet the economic literature overlooks the original sociological intuition that certain consequences of stigmatization could be socially...

This paper explores the positive and normative effects of regulations governing the disclosure of product information. As an example, a Japanese food labeling system which requires explicit display of expiration dates is compared with a U.S. system which permits the encoding of expiration dates....

We investigate the correlations of initially separable probability distributions in a globally pure bipartite system with two degrees of freedom for classical and quantum systems. A classical version of the quantum linear mutual information is introduced and the two quantities are compared for a...

We study the behavior of quantum invariants in the integrable maser model, and in the nonintegrable case, where the constants of motion are destroyed by turning on an interaction which is known to be classically chaos generating. By plotting the mean values of selected observables for each...

A double sine-Gordon Hamiltonian is studied as a function of a parameter that changes the nature of the minima of the potential. The behaviour of the system in one of the several metastable vacua is particularly analyzed when this state is about to become unstable. The analysis is carried out in...

Recently obtained results on the quantum “grid” of mean values of observables in the energy representation for the maser model is here compared with the classical results calculated via the microcanonical mean values using the classical hamiltonian. Our main result is the evidence that such...

This chapter describes how transportation demand is analyzed and what has been learned from doing so. We first present a selection of the most important transportation demand models, with an emphasis on disaggregate models because they have generally been the most successful in capturing...