In order to emphasize cross-correlations for fluctuations in major market places, series of up and down spins are built from financial data. Patterns frequencies are measured, and statistical tests performed. Strong cross-correlations are emphasized , proving that market moves are collective behaviors. 1 Statistical physics started a few years ago to investigate financial data since they seem t...

Policies to promote renewable energy have been gaining momentum throughout the world, often justified by environmental and energy security concerns. This paper delves into the economic motivation for renewable energy policies by articulating the classes of market failures relevant to renewable energy. We describe how these market failures may vary atemporally or intertemporally, and why the tem...

The stable matching problem has many applications to real world markets and efficient centralized algorithms are known. However, little is known about the decentralized case. Several natural randomized algorithmic models for this setting have been proposed but they have worst case exponential time in expectation. We present a novel structure associated with a stable matching on a matching marke...

We propose a novel framework for experimental designs of liberalised wholesale power markets, namely the Agent-based Computational Economics of the Wholesale Electricity Market (ACEWEM) framework. Here, we describe a detailed market simulation whereby the strategies of power generators emerge as a result of a stochastic profit maximisation learning algorithm based upon the GAMLSS (Generalized A...

Since the emergence of power market, the target of power generating utilities has mainly switched from cost minimization to revenue maximization. They dispatch their power energy generation units in the uncertain environment of power market. As a result, multi-stage stochastic programming has been applied widely by many power generating agents as a suitable tool for dealing with self-scheduling...

the purpose of this study is to investigate the factors affecting the manufacturing industry wage among selected developing countries based on new economic geography theory. more specifically, we use a panel data model to study the spatial structure of wages in 136 countries for the period 1998-2007. the results indicate that this theory provides a good description of the spatial structure of w...