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Inter-zonal trading in multi-area power system (MAPS) improves the market efficiency and the system reliability by sharing the resources (energy and reserve services) across zonal boundaries. Actually, each area can operate with less reserve resources than ...
In contrast with expected utility theory, empirical findings indicate that decision-makers are sensitive to departures from reference points rather than states. Several tests of the reference-dependent preference framework have been carried out in experime ...
Adaptive networks rely on in-network and collaborative processing among distributed agents to deliver enhanced performance in estimation and inference tasks. Information is exchanged among the nodes, usually over noisy links. This paper first investigates ...
We study trade policy in a two-sector Krugman (1980) trade model, allowing for production, import and export subsidies/taxes. We consider non-cooperative and cooperative trade policy, first for each individual instrument and then for the situation where al ...
Investigating the factors and processes that influence the spatiotemporal distribution of built space and population in an urban area, plays an extremely important role in our greater understanding of the urban travel behaviour. Existing location of activi ...
In the standard real options approach to investment under uncertainty, agents formulate optimal policies under the assumptions of risk neutrality or complete financial markets. Although these assumptions are crucial to the implications of the approach, the ...
In crowding, target discrimination is impaired by flanking elements. What happens if a target is neighbored by flankers A and in addition by further flankers B? According to pooling models, crowding is the consequence of averaging features of target and fl ...
In this dissertation I examine the emergent phenomenon of social entrepreneurship through the lens of the structure of entrepreneurial payoffs under conditions of near-Knightian uncertainty. Current theory assumes entrepreneurs will respond to a new form o ...
This paper reviews topics in price theory such as rational choice, Walrasian equilibria, complete and incomplete markets, externalities and nonmarket goods, strategic pricing with complete and incomplete information, and some behavioral anomalies. Contains ...
Adaptive networks rely on in-network and collaborative processing among distributed agents to deliver enhanced performance in estimation and inference tasks. Information is exchanged among the nodes, usually over noisy links. The combination weights that a ...
