We show an application of decentralized control theory to a macroeconomic model of unemployment and inflation. Fiscal and monetary policies are assumed to be designed by different institutions, namely the government and central bank respectively, and both policy-makers are assigned particular targets and may have different information. It is shown that the economic system can be stabilized by d...

In the context of globalization of economic development processes, the issue of determining the level of public welfare of economic agents is particularly burning. The object of ehis study is the process of assessing welfare of the economic entities system. The subject of the study is the instrumental and mathematical aspects of modeling and measuring the public welfare. The aim of the work is ...

We examine two key issues for future information security, namely: (a) what do current technological trends mean for future information security, and (b) what effect do conflicts between security/privacy requirements and economic and technological pressures have on the future prospects for a more secure Internet? We consider the effects on security and privacy of six key emerging technology tre...

We demonstrate how an evolutionary agent-based model can be used to evaluate climate policies that take the heterogeneity of strategies of individual agents into account. An essential feature of the model is that the fitness of an economic strategy is determined by the relative welfare of the associated agent as compared to its immediate neighbors in a social network. This enables the study of ...

This paper presents a Hybrid Genetic Algorithm (HGA) Particle Swarm Optimization (PSO) approach to solve Economic Emission Optimal Power Flow problem. The proposed approach optimizes two conflicting objective functions namely, fuel cost minimization and emission level minimization of polluted gases namely NOX, SOX and COx simultaneously while satisfying operational constraints. An improved PSO ...

Although the regional differences of rural economic development can be easily determined, a challenging problem for research studies regarding rural economic development has been the inter-relatedness between different areas, and this challenge has been noted remarkably little in research data to date. As an empirical investigation, this study analyzes the spatio-temporal characteristics of rur...

Environmental issues have become increasingly important in economic research and policy for sustainable development. Such issues are tracked by the Dow Jones Sustainable Indexes (DJSI) through financial market indexes that are derived from the Dow Jones Global Indexes. The environmental sustainability activities of firms are assessed using criteria in three areas, namely economic, environmental...