In this paper, we study Demand Response (DR) problematics for different levels of information sharing in a smart grid. We propose a dynamic pricing scheme incentivizing consumers to achieve an aggregate load profile suitable for utilities, and study how close they can get to an ideal flat aggregate demand profile depending on how much information they share. When customers can share all their l...

In this paper, we propose a uni ed mathematical framework based on receding horizon control for analyzing and designing AQM (Active Queue Management) algorithms in stabilizing a given TCP (Transfer Control Protocol) algorithm. The proposed framework is based on a dynamical system of the given TCP and minimization of a linear quadratic cost on the transients in queue length, aggregate rate, jitt...

I derive a production-based asset pricing formula to infer aggregate stock market returns from macroeconomic time series when the technology is putty-clay. Capital heterogeneity leads to variation in the aggregate stock market value through a new compositional e¤ect. The asset pricing formula, which holds regardless of the stochastic discount factor, predicts that the stock market value is high...

In many sectors of the economy, governments either provide various services at no cost or at highly subsidized prices. Examples are the health, education and general government sectors. The paper analyzes three possible general methods to measure the price and quantity of nonmarket government outputs. If quantity information on nonmarket outputs is available, then the first two methods of price...

We consider a “Social Group” of networked nodes, seeking a “universe” of segments. Each node has subset of the universe, and access to an expensive resource for downloading data. Alternatively, nodes can also acquire the universe by exchanging segments among themselves, at low cost, using a local network interface. While local exchanges ensure minimum cost, “free riders” in the group can exploi...

Transportation models as  tools for transportation planning are critical to such related decisions. Considering the high cost of calibrating and validating such models, effective alternatives are highly sought for; one such alternative being the use of models calibrated for other cities. This calls for transferability analysis which has not been the subject of many researches. Due to criticalit...

This paper studies the welfare cost of inflation in a frictional monetary economy with endogenous consumer search. Equilibrium entails price dispersion, where sellers compete for buyers by posting prices. We identify three channels through which inflation affects welfare. The real balance channel is the source of welfare loss. Its interaction with the price posting channel generates a welfare c...

the main aim in this research has been to determining the growth regime in iran based on an open economy concerning the bhaduri and marglin(1990) model.  this model which has been widely used in post keynesian economics is a kaleckian-post keynesian macroeconomic model which is based on effective demand. bhaduri and marglin(1990) concerning wage as a cost item as well as a component of aggregat...

Sequential aggregate signature schemes allow n signers, in order, to sign a message each, at a lower total cost than the cost of n individual signatures. We present a sequential aggregate signature scheme based on trapdoor permutations (e.g., RSA). Unlike prior such proposals, our scheme does not require a signer to retrieve the keys of other signers and verify the aggregate-so-far before addin...

Sequential aggregate signature schemes allow n signers, in order, to sign a message each, at a lower total cost than the cost of n individual signatures. We present a sequential aggregate signature scheme based on trapdoor permutations (such as RSA) that, unlike prior such proposals, does not require a signer to verify the received aggregate before adding a signature on a new message to it. In ...