In this paper the authors study the inefficiencies of the monetary equilibrium and optimal monetary policies in a search economy. They show that the same frictions that give fiat money a positive value generate an inefficient quantity of goods in each trade and an inefficient number of trades...

In analogy to the flow of fluids, it is expected that the aggregate density and the velocity of vehicles in a section of a freeway adequately describe the traffic flow dynamics. The conservation of mass equation together with the aggregation of the vehicle following dynamics of controlled...

This report presents the theoretical development of a method to evaluate differing platoon control strategies and determine each strategy's worst case behavior under bounded parametric variations. The approach is useful in aiding a platoon designer in determining the robustness a design strategy...

The impact on a utility incorporating wind turbine generation due to wind speed sampling frequency, wind turbine performance model, and wind speed forecasting accuracy is examined. The utility analyzed in the study was the Los Angeles Department of Water and Power and the wind turbine assumed...

This report documents the objectives, analytical approach, and design of the National Energy Modeling System (NEMS) Renewable Fuels Module (RFM) as it relates to the production of the 1995 Annual Energy Outlook (AEO95) forecasts. The report catalogues and describes modeling assumptions,...

Targets for CO2 reduction tend to be set in terms of the amount of pollution generated within the borders of a given region or nation. That is, under a "production accounting principle". However, in recent years there has been increased public and policy interest in the notion of a carbon...