Generalized search-theoretic models of monetary exchange

This paper extends the literature on search-theoretic models of money in several ways. It provides results for general bargaining parameters, whereas previous papers consider only special cases. It also presents one version of the model in which agents holding money cannot produce and another in which they can. The former has been used in essentially all the previous literature, although the latter seems more natural for some purposes and avoids several undesirable implications. Since very little is known about this version, the authors analyze it in detail.Monetary theory

The search-theoretic approach to monetary economics: a primer

The authors present simple versions of models used in the search-theoretic approach to monetary economics. They discuss results on the existence of monetary equilibria, the potential for multiple equilibria, and welfare. Using bilateral bargaining theory, they consider models where prices are fixed as well as those where prices are determined endogenously. After describing the frictions necessary to construct a model where money has an essential role, they conclude by reviewing many extensions and applications in the related literatureMoney

Escape rates in periodically driven Markov processes

We present an approximate analytical expression for the escape rate of time-dependent driven stochastic processes with an absorbing boundary such as the driven leaky integrate-and-fire model for neural spiking. The novel approximation is based on a discrete state Markovian modeling of the full long-time dynamics with time-dependent rates. It is valid in a wide parameter regime beyond the restraining limits of weak driving (linear response) and/or weak noise. The scheme is carefully tested and yields excellent agreement with three different numerical methods based on the Langevin equation, the Fokker-Planck equation and an integral equation.Comment: 10 pages, 5 figure

A Multi-Chamber System for Analyzing the Outgassing, Deposition, and Associated Optical Degradation Properties of Materials in a Vacuum

We report on the Camera Materials Test Chamber, a multi-vessel apparatus which analyzes the outgassing consequences of candidate materials for use in the vacuum cryostat of a new telescope camera. The system measures the outgassing products and rates of samples of materials at different temperatures, and collects films of outgassing products to measure the effects on light transmission in six optical bands. The design of the apparatus minimizes potential measurement errors introduced by background contamination.Comment: 9 pages, 10 figures, published in RSI (minor edits made to match journal accepted version