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Abstract Economists forecast the price of gold and annual output as if these were conventionally determined by the structure of market supplies and demands for newly produced commodity flows. Even… (More)
We define a class of weakly coercive Hamiltonians and then demonstrate the single valuedness of the associated Hamilton-Jacobi operators (in the viscosity sense).
This paper develops a simple and practical framework for characterizing (long-run) economic growth and fluid capital accumulation under shifting technological change. The framework specifies a… (More)
Abstract A dynamic rational expectations model of production and investment under uncertainty reveals that conventional analysis of aluminum industry patterns of trade and investment may be based on… (More)
Copper industry analysts are predicting the continued decline of traditional copper producing centers in the developed world, particularly the United States, in contrast to the continued robust… (More)
Abstract A spatial equilibrium model depicting world iron ore trade is presented. It employs a quadratic program to evaluate the market performance of the iron ore industry in 1984 and predicts trade… (More)