In this paper, we study the relation between the energy consumption and the stability in several typical car-following traffic models considering the effects of many-neighbor and non-locality and relative velocity, respectively. The comparison of energy consumption with respect to the stable...

We develop a general equilibrium macroeconomic model with endogenous health accumulation, and we use the model's equilibrium condition to estimate the elasticity of substitution between medical care and leisure time in maintaining health, based on a cross-country panel dataset. Our econometric...

We introduce a rapid grid search method in solving dynamic programming problems in economics. Compared to mainstream grid search methods, by using local information of the Bellman equation, this method can significantly increase the efficiency in solving dynamic programming problems by reducing...

This paper first documents several important business cycle properties of health status and health expenditures in the US. We find that health expenditures are pro-cyclical while health status is counter-cyclical. We then develop a stochastic dynamic general equilibrium model with endogenous...

The adsorption dynamics for the formation of self-assembled monolayer of alkanethiols has been investigated by electrochemical method, water contact angle and scanning tunneling microscopy. Thiols with three alkyl chains, including short chain hexanethiol, middle chain dodecanethiol, and long...

We quantify what drives the rise in medical expenditures over the life- cycle. Three motives are considered. First, health delivers a flow of utility each period (the consumption motive). Second, better health enables people to allocate more time to productive or pleasurable activities (the...