We develop a method that allows one to compute incomplete-market equilibria routinely for Markovian equilibria (when they exist). The main difficulty to be overcome arises from the set of state variables. There are, of course, exogenous state variables driving the economy but, in an incomplete...

The need of accurate forecasts of air passenger numbers to assist managerial decision making for both short and long terms is well recognized and a central problem on both short and long term forecasting is how to handle future trend. The aim of this paper is to develop a demand trend change...