This paper shows how credit market failures can lead to large welfare losses in grain markets by inducing increased transport for seasonal storage in locations with low credit costs. The burden of these welfare losses falls primarily on rural households. These conclusions are obtained from a...

A new predictor--corrector interior point algorithm for solving monotone linear complementarity problems (LCP) is proposed, and it is shown to be superlinearly convergent with at least order 1.5, even if the LCP has no strictly complementary solution. Unlike Mizuno's recent algorithm (Mizuno,...

CWPE0619 (EPRG0602) Xinmin Hu and Daniel Ralph (Feb 2006) Using EPECs to model bilevel games in restructured electricity markets with locational prices We study a bilevel noncooperative game-theoretic model of electricity markets with locational marginal prices. Each player faces a bilevel...

In this paper, by using a modified smoothing function, we propose a new continuation method for complementarity problems with R0-function and P0-function in the absence of strict complementarity. At each iteration, the continuation method solves one linear system of equations and performs one...

This study proposes a prototype quantitative method for dynamic revenue management of a private toll road, taking into account the long-term dynamics of transportation demand. This is first formulated as a stochastic singular control problem, in which the manager can choose the toll level from...