Related papers: Causes of Excess Capacity
The optimal (`equilibrium') macroscopic properties of an economy with $N$ industries endowed with different technologies, $P$ commodities and one consumer are derived in the limit $N\to\infty$ with $n=N/P$ fixed using the replica method.…
The elastic response is studied of a single flexible chain grafted on a rigid plane and an ensemble of non-interacting tethered chains. It is demonstrated that the entropic theory of rubber elasticity leads to conclusions that disagree with…
Rationality is frequently associated with making the best possible decisions. It's widely acknowledged that humans, as rational beings, have limitations in their decision-making capabilities. Nevertheless, recent advancements in fields,…
We study the classical problem of characterizing the channel capacity and its achieving distribution in a generic fashion. We derive a simple relation between three parameters: the input-output function, the input cost function and the…
Distributed energy resources (DERs) such as rooftop solar, battery storage, and demand response offer substantial potential for power system reliability, yet integrating them into resource adequacy (RA) frameworks as firm capacity…
Dropout in higher education is commonly analysed through observable academic events such as course failure or repetition. However, these event-based perspectives may obscure the underlying structural dynamics that shape student…
We demonstrate and characterize a first-principles approach to modeling the mass action dynamics of metabolism. Starting from a basic definition of entropy expressed as a multinomial probability density using Boltzmann probabilities with…
We consider continuous-time mean-field stochastic games with strategic complementarities. The interaction between the representative productive firm and the population of rivals comes through the price at which the produced good is sold and…
In this paper, we investigate some properties on capacity factors, which were proposed to investigate the link failure problem from network coding. A capacity factor (CF) of a network is an edge set, deleting which will cause the maximum…
Heat capacity measurements are a powerful tool that researchers rely on when studying the relationship between microscopic degrees of freedom and macroscopic behavior in condensed matter. This uniqueness stems from heat capacity capturing…
This paper revisits the classic instrument choice problem in a setting with consumption externalities, through the lens of robust mechanism design. A regulator can implement any incentive-compatible policy but is uncertain about how…
A quite general interaction process of a multi-component system is analysed by the extended effective potential method liberated from usual limitations of perturbation theory or integrable model. The obtained causally complete solution of…
Sector specific multifactor CES elasticity of substitution and the corresponding productivity growths are jointly measured by regressing the growths of factor-wise cost shares against the growths of factor prices. We use linked input-output…
Do workers always work more for more? We investigate how intertemporal and uncompensated labor supply decisions change across observational and experimental windows, within the same workers. Combining a real-effort emoji-counting experiment…
We investigate activities that have different periods of duration. We define the profit intensity as a measure of this economic category. The profit intensity in a repeated trading has a unique property of attaining its maximum at a fixed…
We address the problems of estimating the computer efficiency and the computer capacity. We define the computer efficiency and capacity and suggest a method for their estimation, based on the analysis of processor instructions and kinds of…
By linking conceptual theories with observed data, generative models can support reasoning in complex situations. They have come to play a central role both within and beyond statistics, providing the basis for power analysis in molecular…
Microbes produce metabolic resources that are important for cell growth yet leak across membranes into the extracellular environment. Other microbes in the same environment can use these resources and adjust their own metabolic production…
Dynamic processes on networks are fundamental to understanding modern-day phenomena such as information diffusion and opinion polarization on the internet or epidemics spreading through society. However, such processes are notoriously…
The excess power, energy and intensity of a random electromagnetic field above a high threshold level are characterized based on a Slepian--Kac model for upcrossings. For quasi-static fields, the probability distribution of the excess…