We study a stochastic, discrete-time, two-sector optimal growth model in which the production of the homogeneous consumption good uses a Cobb-Douglas technology, combining physical capital and an endogenously determined share of human capital. Education is intensive in human capital as in Lucas...

We present the numbers of dimer–monomers Md(n) on the Sierpinski gasket SGd(n) at stage n with dimension d equal to two, three and four. The upper and lower bounds for the asymptotic growth constant, defined as zSGd=limv→∞lnMd(n)/v where v is the number of vertices on SGd(n), are derived...

We present the numbers of ice model configurations (with Boltzmann factors equal to one) I(n) on the two-dimensional Sierpinski gasket SG(n) at stage n. The upper and lower bounds for the entropy per site, defined as limv→∞lnI(n)/v, where v is the number of vertices on SG(n), are derived in...

We consider the Bouchaud trap model on the integers in the case that the trap distribution has a slowly varying tail at infinity. Our main result is a functional limit theorem for the model under the annealed law, analogous to the functional limit theorems previously established in the...

New results are presented for the wavevector-dependent susceptibility of Z-invariant periodic and quasiperiodic Ising models in the scaling limit, generalizing old results of Tracy and McCoy for the square lattice. Explicit results are worked out for the two leading singular terms of the...

In this paper we obtain the scaling limit of multidimensional Levy walk and describe the detailed structure of the limiting process. It occurs that the scaling limit is a subordinated alpha-stable Levy motion with the parent process and subordinator being strongly dependent processes. The...

We introduce a new model for describing the fluctuations of a tick-by-tick single asset price. Our model is based on Markov renewal processes. We consider a point process associated to the timestamps of the price jumps, and marks associated to price increments. By modeling the marks with a...