We study the impact of anticipated fiscal policy changes in a Ramsey economy where agents form long-horizon expectations using adaptive learning. We ex- tend the existing framework by introducing distortionary taxes as well as elastic labour supply, which makes agents' decisions...

We study the impact of anticipated fiscal policy changes in a Ramsey economy where agents form long-horizon expectations using adaptive learning. We ex- tend the existing framework by introducing distortionary taxes as well as elastic labour supply, which makes agents' decisions...

Cooperation in spatial evolutionary game theory has revealed various interesting insights into the problem of the evolution and maintenance of cooperative behavior. In social dilemmas, cooperators create and maintain a common resource at some cost to themselves while defectors attempt to exploit...

A reduced Hamiltonian formulation which reproduces the saturated regime of a Single Pass Free Electron Laser, around perfect tuning, is here discussed. Asymptotically, N<Subscript>m</Subscript> particles are found to organize in a dense cluster, that evolves as an individual massive unit. The remaining particles fill...</subscript>

Organizations engage in search whenever they perform nonroutine tasks, such as the definition and validation of a new strategy, the acquisition of new capabilities, or new product development. Previous work on search and organizational hierarchy has discovered that a hierarchy with a central...