Showing 1 - 10 of 57
The 9/11 attacks created an urgent need to understand contemporary wars and their relationship to older conventional and terrorist wars, both of which exhibit remarkable regularities. The frequency-intensity distribution of fatalities in "old wars", 1816-1980, is a power-law with exponent 1.80....
Persistent link: https://www.econbiz.de/10005597509
There is great potential for the expansion of the small or micro scale hydropower network. Of the 43 thousand weirs in the UK there are only 500 consented hydro schemes. Planning applications for such schemes require a noise assessment. Noise evaluation of a proposed renewable scheme is often...
Persistent link: https://www.econbiz.de/10011046308
Alzheimer's disease is one of several diseases of the elderly that has recently come into prominence for a number of reasons. First, its prevalence is set to increase as a result of the aging of Western populations. Secondly, the use of institutional care has fallen as a result of major policy...
Persistent link: https://www.econbiz.de/10005590338
This paper uses the development of multi-agent market models to present a unified approach to the joint questions of how financial market movements may be simulated, predicted, and hedged against. We first present the results of agent-based market simulations in which traders equipped with...
Persistent link: https://www.econbiz.de/10005730029
The dynamical evolution of many economic, sociological, biological and physical systems tends to be dominated by a relatively small number of unexpected, large changes (`extreme events'). We study the large, internal changes produced in a generic multi-agent population competing for a limited...
Persistent link: https://www.econbiz.de/10005730034
Society's drive toward ever faster socio-technical systems, means that there is an urgent need to understand the threat from 'black swan' extreme events that might emerge. On 6 May 2010, it took just five minutes for a spontaneous mix of human and machine interactions in the global trading...
Persistent link: https://www.econbiz.de/10009492889
We study the evolution of an educational system which is founded on a hierarchical differentiation between technical and general education, with a superior social status attached to general. The resulting dynamic political equilibrium is best summarized by the ratio of vocational to general...
Persistent link: https://www.econbiz.de/10005504686
A domestic power faces an enemy and commits terrorist atrocities to increase the likelihood of victory. A foreign patron can grant aid to the power but prefers fewer or no atrocities. The domestic power responds by acquiescing in the creation of uncontrollable paramilitaries that commit even...
Persistent link: https://www.econbiz.de/10005504744
Transition economies have an initial condition of high human capital relative to living standards. I explore the possible implications of this key fact by surveying and adapting literature on growth and inequality. I focus especially on the long run and policy options.
Persistent link: https://www.econbiz.de/10005489934
We model growth in dictatorships facing each period an endogenous probaibility of "political catastrophe" that would extinguish the regime's wealth ability. Domestic capital exhibits a bifurcation point determining economic growth or shrinkage. With low initial domestic capital the dictator...
Persistent link: https://www.econbiz.de/10005489942