159 Result(s)
within
Operations Research/Decision Theory
**mo Wang
Article
Economics
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Article
Estimating Freight Flows for Metropolitan Area Highway Networks Using Secondary Data Sources
We present a method for estimating intra-metropolitan freight flows on a highway network. The work is part of a larger project aimed at develo** an automated, integrated system for freight flow analysis and ...
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Article
Dynamic voluntary provision of public goods with uncertainty: a stochastic differential game model
Fershtman and Nitzan (Eur. Econ. Rev. 35:1057–1067, 1991) presented a continuous dynamic public good game and solved the model for feedback Nash equilibria. Wirl (Eur. J. Polit. Econ. 12:555–560, 1996) extende...
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The Role of Additional Information in Option Pricing: Estimation Issues for the State Space Model
We consider two competing financial state space models and investigate whether additional information in the form of option price data is helpful to the estimation of either the unobservable state variable (vo...
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Article
Goodness of fit tests in stochastic frontier models
In this paper we discuss goodness of fit tests for the distribution of technical inefficiency in stochastic frontier models. If we maintain the hypothesis that the assumed normal distribution for statistical n...
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Article
Dual Toll Pricing for Hazardous Materials Transport with Linear Delay
In this paper, we propose a dual toll pricing method to mitigate risk of hazardous materials (hazmat) transportation. We aim to simultaneously control both regular and hazmat vehicles to reduce the risk. In ou...
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Article
Repeated Price Search
Consumers check few sites in online purchases. Previous research and experiments we perform demonstrate that consumers can not calculate the optimal strategy for price search. They use heuristics whose perform...
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Article
The Hitting Time Density for a Reflected Brownian Motion
Reflected Brownian motion has been played an important role in economics, finance, queueing and many other fields. In this paper, we present the explicit spectral representation for the hitting time density of...
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Article
A Bayesian estimator for stochastic frontier models with errors in variables
A Bayesian estimator is proposed for a stochastic frontier model with errors in variables. The model assumes a truncated-normal distribution for the inefficiency and accommodates exogenous determinants of inef...
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Article
D-separation, forecasting, and economic science: a conjecture
The paper considers the conjecture that forecasts from preferred economic models or theories d-separate forecasts from less preferred models or theories from the Actual realization of the variable for which a ...
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Article
Renewable Portfolio Standards in the Presence of Green Consumers and Emissions Trading
Greenhouse gas (GHG) emissions trading, green pricing programs and renewable portfolio standards (RPS) are three concurrent policies implemented in the United States to reduce reliance on fossil fuel and GHG e...
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Article
Does insurance fraud in automobile theft insurance fluctuate with the business cycle?
Financial institutions face various cyclical risks, but very few studies have analyzed the cyclicality of operational risk. External fraud is an important operational risk faced by insurers. In this research, ...
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Article
Efficiency of Crude Oil Futures Markets: New Evidence from Multifractal Detrending Moving Average Analysis
In this paper, we examine the weak-form efficient market hypothesis of crude oil futures markets by testing for the random walk behavior of prices. Using a method borrowed from statistical physics, we find tha...
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Article
A further exploration of the uncertainty effect
Individual valuation of a binary lottery at values less than the lottery’s worst outcome has been designated as the “uncertainty effect”. Our paper aims to explore the boundary conditions of the uncertainty ef...
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Article
Location-Dependent Lane-Changing Behavior for Arterial Road Traffic
Lane-changing behavior plays an important role in characterizing urban arterial road traffic dynamics. This paper investigates efficiency-driven and objective-driven motives for drivers to change lanes on arte...
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Article
Design of Sustainable Cordon Toll Pricing Schemes in a Monocentric City
This paper addresses the design issue of sustainable cordon toll pricing schemes in a monocentric city. An analytical model that maximizes the total social welfare of urban system is first proposed for simulta...
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A Sampling-Based Stochastic Winner Determination Model for Truckload Service Procurement
Many large shippers procure truckload (TL) service from carriers via a combinatorial auction. In order to determine the winners of the auction, they need to solve a combinatorial optimization problem known as ...
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Article
An Optimal Balanced Economic Growth and Abatement Pathway for China Under the Carbon Emissions Budget
Arguments over equity during abatement goal setting is the principal obstacle to climate mitigation cooperation, while allocating global emissions to each country as deduced from the climate objective accordin...
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Article
A Multilane Traffic Flow Model Accounting for Lane Width, Lane-Changing and the Number of Lanes
Multilane widely exists in the urban traffic system and its traffic flow is more complex than the single-lane traffic flow since it may be affected by each lane’s width, the number of lanes and lane-changing. ...
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Article
Carbon Price Analysis Using Empirical Mode Decomposition
Mastering the underlying characteristics of carbon price changes can help governments formulate correct policies to keep efficient operation of carbon markets, and investors take effective measures to evade th...
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Article
A Sustainable Road Network Design Problem with Land Use Transportation Interaction over Time
Sustainability has three dimensions, including social, economic, and environmental dimensions. However, existing road network design studies only focus on one or at most two dimensions, which do not allow deci...
