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Separation and Volatility of Locational Marginal Pricesin Restructured Wholesale Power Markets

Li, Hongyan; Sun, Junjie; Tesfatsion, Leigh - Iowa State University of Science and Technology <Ames, … - 2009

This study uses an agent-based test bed (“AMES”)to investigate separation and volatility of locational marginalprices (LMPs) in an ISO-managed restructured wholesale powermarket operating over an AC transmission grid. Particular attentionis focused on the dynamic and cross-sectional response...

Persistent link: https://www.econbiz.de/10009360767

Penetrating the Knowledge Filter in the Rust Belt

Acs, Zoltán J.; Plummer, Lawrence A.; Sutter, Ryan - Max-Planck-Institut für Ökonomik <Jena> - 2007

A new model of economic growth introduces the knowledge filter between new knowledge and economically useful knowledge. It identifies both new ventures and incumbent firms as the mechanisms that penetrate the knowledge filter. Recent empirical work has shown that new firms are more proficient at...

Persistent link: https://www.econbiz.de/10005864529

Paying for Learning

Barr, Nicholas A.; Falkingham, Jane - London School of Economics and Political Science - 1993

Both the quantity and quality of education and training in Britain are being comparedunfavourably with arrangements in … presumption thatimprovements in the quality and quantity of education and training will not primarily befinanced by increased … schemes with the current government scheme for higher education, and alsoinvestigates the long-run yield of a graduate tax and …

Persistent link: https://www.econbiz.de/10005871056

Welfare in Transition: Trends in Poverty andWell-being in Central Asia

Falkingham, Jane - London School of Economics and Political Science - 1999

capability-based indicators –reflecting the health and education of the population and theextent to which the social sectors are …

Persistent link: https://www.econbiz.de/10008743036

Dynamic Testing of Wholesale Power Market Designs:An Open-Source Agent-Based Framework

Sun, Junjie; Tesfatsion, Leigh - Iowa State University of Science and Technology <Ames, … - 2006

In April 2003 the U.S. Federal Energy Regulatory Commission proposed a complicated marketdesign – the Wholesale Power Market Platform (WPMP) – for common adoption byall U.S. wholesale power markets. Versions of the WPMP have been implemented in NewEngland, New York, the mid-Atlantic states,...

Persistent link: https://www.econbiz.de/10009360852

Agent-Based Computational Modelling AndMacroeconomics

Tesfatsion, Leigh - Iowa State University of Science and Technology <Ames, … - 2005

Agent-based Computational Economics (ACE) is the computational study of economic processesmodeled as dynamic systems of interacting agents. This essay discusses the potentialuse of ACE modeling tools for the study of macroeconomic systems. Points are illustratedusing an ACE model of a two-sector...

Persistent link: https://www.econbiz.de/10009360883

The Knowledge Spillover Theory of Entrepreneurship and Foreign Direct Investment

Acs, Zoltán J.; Brooksbank, David J.; OGorman, Colm; … - Max-Planck-Institut für Ökonomik <Jena> - 2007

We explore if the Knowledge Spillover Theory of Entrepreneurship, applied to FDI, provides at least a partial explanation for the greater emergence of recent knowledge-based entrepreneurship in Ireland compared with Wales. In order to examine how FDI and entrepreneurship policy in these two...

Persistent link: https://www.econbiz.de/10005864527

The Determinants of New-firm Survival across Regional Economies

Acs, Zoltán J.; Armington, Catherine; Zhang, Ting - Max-Planck-Institut für Ökonomik <Jena> - 2006

Motivated by differences in New-firm survival across regions, this paper explores the impact of regional human capital on New-firm survival rates. New-firm survival is interpreted through formation rates of surviving versus closed firms in the sevice sector...

Persistent link: https://www.econbiz.de/10005864727

The Knowledge Spillover Theory of Entrepreneurship

Acs, Zoltán J.; Audretsch, David B.; Braunerhjelm, Pontus - Max-Planck-Institut für Ökonomik <Jena> - 2005

Contemporary theories of entrepreneurship generally focus on the decision-making context of the individual. The recognition of opportunities and the decision to commercialize them is the focal concern. While the prevalent view in the entrepreneurship literature is that opportunities are...

Persistent link: https://www.econbiz.de/10005864991

The Impact of Geographic Differences inHuman Capital on Service Firm Formation Rates

Acs, Zoltán J.; Armington, Catherine - Max-Planck-Institut für Ökonomik <Jena> - 2004

Although human capital externalities are a key variable in theories of economic growth, there has been little investigation of the mechanism by which these externalities are realized. We examine the relationship between the local levels of human capital and firm formation rates and find that...

Persistent link: https://www.econbiz.de/10005865252