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There is a wide literature about the behaviour of agents in a stock-market in the presence of imitation phenomena. Some issues may be treated in a game-theory context. In particular, we consider a micro-model of stock-market speculator and formalise it in a Stackelberg game. The problem consists...
Persistent link: https://www.econbiz.de/10010816717
Using order-theoretic methods, we derive sufficient conditions for the existence, characterization, and computation of minimal state space recursive equilibrium (RE), as well as Stationary Markov equilibrium (SME) for various classes of stochastic overlapping generations models. In contrast to...
Persistent link: https://www.econbiz.de/10010728079
We propose an efficient algorithm that solves urban equilibrium with traffic congestion. The procedure we propose is based on the monocentric model, but we illustrate how it can be used in the case of more than one business center. As a case study we focus on the region of Paris and discuss the...
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We propose an efficient algorithm that solves the monocentric city model with traffic congestion, and use it to explore the impact of congestion pricing on urban forms and, hence, on transport volume, CO2 emissions and energy consumption. The application focuses on the region Ie-de-France. Four...
Persistent link: https://www.econbiz.de/10008793438
We analyze the allocation of objects in a network of caches that collaborate to service requests from customers. A thorough analysis of this problem in centralized and decentralized setups, both of which occur in practice, is essential for understanding the benefits of collaboration. A key...
Persistent link: https://www.econbiz.de/10009214542
The electricity market has since 1980s been gradually evolving from a monopoly market into a liberalized one for encouraging competition and improving efficiency. This brings the opportunity for generation companies (GenCos) to make more profits while embracing more risks of not being...
Persistent link: https://www.econbiz.de/10010809798