A continuous time model of the bandwagon effect in collective action
โ Scribed by Arieh Gavious; Shlomo Mizrahi
- Publisher
- Springer
- Year
- 2001
- Tongue
- English
- Weight
- 129 KB
- Volume
- 18
- Category
- Article
- ISSN
- 0176-1714
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
## Abstract We demonstrate the important implications of the assumptions of discrete time in many sticky price models of the macroeconomy. For a given level of menu costs, discrete time models imply longer average contract length but smaller real effects of both trend inflation and monetary shocks
A model of the Bauschinger effect in materials containing heterogeneities is developed using the theory of continuous dislocation distributions on a plane. The effect of work hardening is considered. Energy losses per stress cycle are calculated as a function of maximum stress and a comparison is ma