The development of large scale wind farms that can compete with conventional energy resources presents significant challenges to today's wind energy industry. A powerful solution to these daunting challenges can be offered by a synergistic consideration of the key design elements (turbine...

In this study, a particle filtering approach is used to get an optimized layout of a wind farm that has the minimum wake effects and maximum power generation. There are two main constraints of the problem, which are the wind farm boundary and the distance of any two turbines to each other. The...

To reduce unemployment targeted hiring subsidies for long-term unemployed are often recommended. To explore their effect on employment and wages, we devise a model with two types of unemployed and two methods of search, a public employment service (PES) and random search. The eligibility of a...

In many search models of the labor market, unemployment insurance (UI) is conveniently interpreted as the value of leisure or home production and is, therefore, treated as a parameter. However, in reality, UI has to be funded through taxation that might be distortionary. In this paper, I analyze...

We present a search-and-matching model of the housing market where potential buyers' willingness to pay is private information and sellers may become desperate as they are unable to sell. A unique steady state equilibrium exists where desperate sellers offer sizeable price cuts and sell faster....