This paper explores the spillover effects of Hurricane Katrina on corporate bonds through the liquidations of bond holdings by property and reinsurance companies exposed to the Katrina shock. We find that the sales of exposed property and reinsurance companies create a persistent negative price...

We study the effect of credit default swap (CDS) on the corporate bond market. We argue that CDS, by reducing the need of investors to liquidate the bonds in the face of credit deterioration of the issuer, reduces fire sale risk and provides bond liquidity. Given that bond investors are...

An agent-based travel demand model is developed in which travel demand emerges from the interactions of three types of agents in the transportation system: node, arc, and traveler. Simple local rules of agent behaviors are shown to be capable of efficiently solving complicated transportation...

The purpose of the study is to investigate the technical and economic feasibility of hybrid solar photovoltaic (PV) and wind turbine (WT) power systems for environment-friendly electric vehicle (EV) charging stations at five different locations in China. The HOMER Pro 3.14 software using...