Research background: This paper deals with smart design of robust emergency service system. The robustness means here resistance of the system to various detrimental events, which can randomly occur in the associated transportation network. Consequences of the detrimental events are formalized...

We develop a new method for deriving minimal state variable (MSV) equilibria of a general class of Markov-switching rational expectations models and a new algorithm for computing these equilibria. We compare our approach to previously known algorithms, and we demonstrate that ours is both...