“Gentlemen, that is surely true, it is absolutely paradoxical; we cannot understand it, and we don’t know what it means. But we have proved it, and therefore we know it must be the truth.” —Benjamin ...
This article describes a method for computing approximate equilibria for stochastic dynamic economies. The method is of general interest because it allows straightforward computation of equilibria in ...
Researchers have spent centuries looking for a scenario in which the Euler fluid equations fail. Now a mathematician has finally found one. Mathematicians have suspected for years that under specific ...