In their indisposed paper, Aswani, Raghunandan, and Rajgopal (ARR) provide a critique of our main findings on the pricing of carbon transition risk in Bolton and Kacperczyk (2021a, 2021b, 2022) and in Bolton, Halem, and Kacperczyk (2022). We take exception to the key elements of their critique....

We study the competition and strategy selections between a class of generalized zero-determinant (ZD) strategies and the classic strategies of always cooperate (AllC), always defect (AllD), tit-for-tat (TFT), and win-stay-lose-shift (WSLS) strategies in an iterated prisoner’s dilemma...

We generalize the N-person evolutionary snowdrift game to incorporate the effects of costly punishment in a well-mixed population. A set of dynamical equations that account for the evolution of the frequencies of the three strategies under replicator dynamics is formulated. At long time, the...

In the twenty years since the Cultural Revolution, China has maintained fast real growth. This occurred despite China having similar problems to other transitional economies, e.g. loss-making State Owned Enterprises (SOEs), eroding fiscal revenues and inflation, (Section 3). Although China...

An evolutionary snowdrift game (SG) that incorporates bounded rationality and limited information in the evolutionary process is proposed and studied. Based on SG in a well-mixed population and defining the winning action at a turn to be the one that gets a higher payoff, the most recent m...

The separatrices between the healthy and endemic states in the bistable regime and issues related to determining the critical infected fraction i(crit) in a recently proposed epidemic model on an adaptive network are analyzed. The epidemic follows the susceptible–infected–susceptible (SIS)...

The role of punishment and the effects of a structured population in promoting cooperation are important issues. Within a recent model of snowdrift game (SG) incorporating a costly punishing strategy (P), we study the effects of a population connected through a square lattice. The punishers, who...

The role of punishments in promoting cooperation is an important issue. We incorporate costly punishments into the snowdrift game (SG) by introducing a third punishing (P) character, and study the effects. The punishers, who carry basically a cooperative (C) character, are willing to pay a cost...

The N-person evolutionary snowdrift game (NESG) is generalized to study the effects of the additional benefit to all agents in a competing group of size N resulting from an earlier completion of a task when more agents are willing to share the work. Following replicator dynamics, an equation...

The present numerical simulation investigates the effect of inserting metal foams in receiver tube of parabolic trough collector on heat transfer. The effects of layout (top/bottom), geometrical parameter (H), and porosity (φ) of metal foams on the flow resistant, heat transfer and...