18,706 research outputs found
Macroeconomic Effects of Oligopolistic Competition with Wage Bargaining
Modelling oligopoly in general equilibrium is about understanding the aggregate effects of the strategic behavior that nonatomistic agents may exhibit in their markets. Real-world economies appear to be characterized by (monopoly) power-endowed agents behaving strategically - namely, firms and unions. By abstracting from this behavior, we risk missing some important features of the macroeconomy. We develop a general equilibrium model of unionized oligopoly aimed at addressing this point. We evaluate the macroeconomic effects of supply-side shocks under alternative product and labor market structures. In addition, the micro foundations of the model capture an alternative channel for the development of strategic interactions among firms, unions and the monetary authority. This channel creates a transmission mechanism for real effects of monetary policy-related shocks, which we investigate. Finally, in the light of the predictions of the model, we discuss macroeconomic performance in Continental Europe over the 1990s.
Valadier-like formulas for the supremum function I
We generalize and improve the original characterization given by Valadier
[18, Theorem 1] of the subdifferential of the pointwise supremum of convex
functions, involving the subdifferentials of the data functions at nearby
points. We remove the continuity assumption made in that work and obtain a
general formula for such a subdiferential. In particular, when the supremum is
continuous at some point of its domain, but not necessarily at the reference
point, we get a simpler version which gives rise to the Valadier formula. Our
starting result is the characterization given in [11, Theorem 4], which uses
the epsilon-subdifferential at the reference point.Comment: 27 page
Valadier-like formulas for the supremum function II: The compactly indexed case
We generalize and improve the original characterization given by Valadier
[20, Theorem 1] of the subdifferential of the pointwise supremum of convex
functions, involving the subdifferentials of the data functions at nearby
points. We remove the continuity assumption made in that work and obtain a
general formula for such a subdifferential. In particular, when the supremum is
continuous at some point of its domain, but not necessarily at the reference
point, we get a simpler version which gives rise to Valadier formula. Our
starting result is the characterization given in [10, Theorem 4], which uses
the epsilon-subdiferential at the reference point.Comment: 23 page
Aerothermal modeling, phase 1. Volume 2: Experimental data
The experimental test effort is discussed. The test data are presented. The compilation is divided into sets representing each of the 18 experimental configurations tested. A detailed description of each configuration, and plots of the temperature difference ratio parameter or pattern factor parameter calculated from the test data are also provided
Aerothermal modeling. Executive summary
One of the significant ways in which the performance level of aircraft turbine engines has been improved is by the use of advanced materials and cooling concepts that allow a significant increase in turbine inlet temperature level, with attendant thermodynamic cycle benefits. Further cycle improvements have been achieved with higher pressure ratio compressors. The higher turbine inlet temperatures and compressor pressure ratios with corresponding higher temperature cooling air has created a very hostile environment for the hot section components. To provide the technology needed to reduce the hot section maintenance costs, NASA has initiated the Hot Section Technology (HOST) program. One key element of this overall program is the Aerothermal Modeling Program. The overall objective of his program is to evolve and validate improved analysis methods for use in the design of aircraft turbine engine combustors. The use of such combustor analysis capabilities can be expected to provide significant improvement in the life and durability characteristics of both combustor and turbine components
MAMA: An Algebraic Map for the Secular Dynamics of Planetesimals in Tight Binary Systems
We present an algebraic map (MAMA) for the dynamical and collisional
evolution of a planetesimal swarm orbiting the main star of a tight binary
system (TBS). The orbital evolution of each planetesimal is dictated by the
secular perturbations of the secondary star and gas drag due to interactions
with a protoplanetary disk. The gas disk is assumed eccentric with a constant
precession rate. Gravitational interactions between the planetesimals are
ignored. All bodies are assumed coplanar. A comparison with full N-body
simulations shows that the map is of the order of 100 times faster, while
preserving all the main characteristics of the full system.
In a second part of the work, we apply MAMA to the \gamma-Cephei, searching
for friendly scenarios that may explain the formation of the giant planet
detected in this system. For low-mass protoplanetary disks, we find that a
low-eccentricity static disk aligned with the binary yields impact velocities
between planetesimals below the disruption threshold. All other scenarios
appear hostile to planetary formation
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