This paper studies the dynamics and conservation of energy. It evaluates the validity of Noether's theorem as a formal argument supporting the law of conservation of energy in physical systems. The analysis examines the role of nonconvexity in energy dynamics.
View Article and Find Full Text PDFWe construct a model of technology adoption with agents differing on two dimensions: their cognitive ability and their receptiveness to advice. While cognitive ability unambiguously speeds adoption, receptiveness to advice may speed adoption for individuals with low cognitive ability, but slow adoption for individuals with high cognitive ability. We conduct economic experiments measuring US farmers' cognitive ability and receptiveness to advice and examine how these characteristics impact their speed of adoption of genetically modified (GM) corn seeds.
View Article and Find Full Text PDFEconomists modeling climate policy face an array of choices when modeling climate change, including the role of uncertainty/ambiguity, irreversibility, and tipping points. After filtering out estimated cycles due to orbital climate forcing, we use a threshold quantile autoregressive model to characterize anomalies in atmospheric concentrations. We then test for local instability and tipping points, and we characterize the stationary distribution of anomalies.
View Article and Find Full Text PDFThe paper investigates the modeling of population dynamics, both conceptually and empirically. It presents a reduced form representation that provides a flexible characterization of population dynamics. It leads to the specification of a threshold quantile autoregression (TQAR) model, which captures nonlinear dynamics by allowing lag effects to vary across quantiles of the distribution as well as with previous population levels.
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