In an electoral framework of unidimensional two-candidate spatial competition with probabilistic voting, special interest groups present candidates with schedules that give the level of campaign contribution they will make for each feasible candidate policy location. Candidates, motivated by the...

A large body of literature documents that returns from currency speculation are highly volatile and possess a predictable component, which is itself highly volatile and serially correlated. Explaining the returns from currency speculation through the presence of a risk premium has proven...

We show that a wide variety of nonlinear cellular automata can be written as a semidirect product of linear ones, and that these CAs can be predicted in parallel time [cal O](log[super 2] t). This class includes any CA whose rule, when written as an algebra, is a solvable group. <p> We also show,...</p>

This paper describes the dynamics of adaptation in a two-country, overlapping generations economy with no restrictions on foreign currency holdings. Governments of both countries finance their deficits via seignorage. Agents in this economy are boundedly rational. They use the genetic algorithm...