Parallel arrays of underdamped Josephson junctions are interesting due to t
heir ability to produce coherent radiation. For a broad range of array para
meters, we find that these arrays have solutions which can be represented a
s traveling waves with a small number of harmonics. We develop equivalent c
ircuits for the DC and AC response using a harmonic balance technique. The
reflection and transmission properties at the boundaries are studied by add
ing a passive terminating load to the array. We also develop a load criteri
a for optimal output power to both passive and non-linear loads.