This paper presents an elastic demand extension of the fixed-demand simultaneous routeand-departure choice dynamic user equilibrium model originally presented in Friesz et al. (1993). Although Friesz et al. (2011) show that analysis and computation of dynamic user equilibrium with constant travel demand is tremendously simplified by stating it as a a differential variational inequality (DVI), t...

The own-wage elasticity of labor demand is a key parameter in empirical research and policy analysis. However, despite extensive research, estimates of labor demand elasticities are subject to considerable heterogeneity. In this paper, we explore various dimensions of this heterogeneity by means of a comprehensive meta-regression analysis, building on information from 151 different studies cont...

In Part II of this paper, we demonstrate on a modified 24-bus IEEE Reliability Test System (RTS) that it is indeed possible to manage large-scale intermittent resources in coordination with price-responsive demand. The algorithms introduced in Part I of this paper are simulated assuming 20% and 50% wind capacity. We show that the look-ahead dispatch of the proposed method is physically implemen...

In many markets, Žrms can price discriminate between their own customers and their rivals’ customers, charging one price to consumers who prefer their own product and another price to consumers who prefer a rival’s product. We Žnd that when demand is symmetric, charging a lower price to a rival’s customers is always optimal. When demand is asymmetric, however, it may be more proŽtable to charge...