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We characterize competitive equilibria with perfect foresight in a deterministic, three-period pure-exchange overlapping generations economy with perfect information and no commitment to loan contracts. Commitment is replaced by an enforcement mechanism th ...
Road traffic emissions, one of the largest source categories in megacity inventories, are highly uncertain. It is essential to develop methodologies to reduce these uncertainties to manage air quality more effectively. In this paper, we propose a methodolo ...
We consider increase-decrease congestion controls, a formulation that accommodates many known congestion controls. There have been many works that aim to obtain relation between the loss-event rate \fpp and time-average window \taw for some known parti ...
We consider increase-decrease congestion controls, a formulation that accommodates many known congestion controls. There have been many works that aim to obtain relation between the loss-event rate \fpp and time-average window \taw for some known parti ...
In the European electricity market, transmission rights currently evolve from a physical to a financial nature. This requires a fundamental change in the underlying market design and the institutional setup. This paper applies the framework of congestion r ...