Recent studies revealed that some social and technological network formations can be represented by the network formation games played by selfish multiple agents. In general, the topologies formed by selfish multiple agents are worse than or equal to those formed by the centralized designer in the sense of social total welfare. Several works such as the price of anarchy are known as a measure f...

An integer fixed-charge multicommodity flow (FCMF) model is used as the first part of a two-phase approach for train unit scheduling, and solved by an exact branchand-price method. To strengthen knapsack constraints and deal with complicated scenarios arisen in the integer linear program (ILP) from the integer FCMF model, preprocessing is used by computing convex hulls of sets of points represe...

Abstract The South Sea Bubble is one of history's most iconic economic events. While much ink was spilled during the bubble year to make sense events as they unfolded, commentators were left scrambling for ways grasp what happened because no had ever experienced a stock market before. This article focuses on how London press covered that later became known Bubble. A review every newspaper in wh...

Motivated by the behavior of internet stock prices in 1998-2000, we present a continuous time equilibrium model of bubbles where overconfidence generates agreements to disagree among agents about asset fundamentals. With a short-sale constraint, an asset owner has an option to sell the asset to other agents when they have more optimistic beliefs. This re-sale option has a recursive structure, t...

Derivatives are alternative financial instruments which extend traders opportunities to achieve some financial goals. They are risk management instruments that are related to a data in the future, and also they react to uncertain prices. Study on pricing futures can provide useful tools to understand the stochastic behavior of prices to manage the risk of price volatility. Thus, this study eval...

the regulated price policy may be implemented for some products. it is generally implemented for some products such as electricity, natural gas, water and so on that are supplied as monopolist. the regulated price shock on these products may lead to an adjustment in the endowments of primary factors. the aim of this paper is to investigate the effects of a regulated price shock on price indices...

Two-phase flow regimes are affected by conduit position, alignment, geometry, flow direction, physical characteristics, and flow rate of each phase as well as the heat flux toward the boundaries. Due to the importance of two-phase flow, numerous regimes have been identified. The first step in studying micro-bubble formation inside a venturi tube is to recognize the type of flow regimes. In this...

Gas holdup and bubble size are important parameters for simulation and designing in bubble column reactors. Because based on these parameters, the available gas-liquid interfacial area is defined for mass transfer. In this paper, the results of applying magnetic fields on the velocity field and volume fraction of gas holdup are reported. Hydrodynamics of the bubble column in the reactors is inv...