This paper presents an efficient and reliable evolutionary-based approach to solve the Optimal Power Flow (OPF) problem by considering the emission issue. The OPF problem has been widely used in power system operation and planning for determining electricity prices. Therefore, the conventional...

In this article we investigate the impact of trade openness on labor force participation rate. We use tariff rate as the main indicator of trade openness and we employ the number of regional trade agreements and the average tariff rate in the neighbors' countries as instrumental variables to...

This paper is concerned about addressing a question that has become critical in international trade, during the past three decades: "What factors explain the worldwide increase in skill premiums following international trade integration and increasingly globalized economies"? I propose a new...

In this paper, we theoretically analyze the capital misallocation effect of financial repression---namely, a regulation to provide cheap loans to (public) firms, in less-developed economies. Limited contract enforcement and asymmetric information between lenders and borrowers are the features of...

Many jurisdictions around the world have deregulated utilities and opened retail markets to competition. However, inertial decisionmaking can diminish consumer benefits of retail competition. Using household-level data from the Texas residential electricity market, we document evidence of...