This paper applies a social learning model to the optimal consumption rule of Allen & Carroll (2001), and delivers convincing convergence dynamics towards the optimal rule. These findings constitute a significant improvement regarding previous results in the literature, both in terms of speed of...

We analyze a situation where a Principal does not necessarily have all the bargaining power while negotiating a contract with an Agent by studying a dynamic multi-objective moral hazard model with hidden action. We .nd that the structure of the optimal contracts change along the Pareto Frontier,...

This paper applies a social learning model to the optimal consumption rule of Allen & Carroll (2001), and delivers convincing convergence dynamics towards the optimal rule. These findings constitute a significant improvement regarding previous results in the literature, both in terms of speed of...

This article presents an original method based on Strength Pareto Evolutionary Algorithm 2 (SPEA2) to solve the multi-objective reconfiguration problem of minimizing active power loss and improving power system reliability. The proposed evolutionary method is based on the Pareto optimality...

Capacitors in distribution systems are used to supply reactive power to minimize power loss. This article presents an efficient optimization algorithm named oppositional cuckoo optimization algorithm (OCOA) for optimal allocation of capacitor in radial distribution systems to determine the...