Albeit the operation of the Under-Frequency Load Shedding (UFLS) scheme is fairly straightforward, the design of an optimal scheme is not as simple due to many design and performance criteria to be taken into consideration. The existence of an automated revision scheme will ease the scheme...

Empirical research on group lending is extensive, but without allowance for collateral to mitigate strategic default. Indeed, lack of credit access has motivated microcredit in rural areas of developing countries, where agents with collateral are very rare. As rural communities have tight-knit...

In a global context foreign direct investment (FDI) and migration substitute one another in the matching process between workers and firms. However, as labor flows can lead to the formation of business networks, migration can actually facilitate FDI in the long-run. We first present a stylized...