In a 'smart' electricity distribution network, flexible distribution resources (FDRs) can be coordinated to improve efficiency. But coordination enables whoever controls such resources to exercise market power. The paper establishes the following efficiency rankings of market structures:...

In a 'smart' electricity distribution network, flexible distribution resources (FDRs) can be coordinated to improve efficiency. But coordination enables whoever controls such resources to exercise market power. The paper establishes the following efficiency rankings of market structures:...

The linear spline regression problem is to determine a piecewise linear function for estimating a set of given points while minimizing a given measure of misfit or error. This is a classical problem in computational statistics and operations research; dynamic programming was proposed as a...

In this article, I review Interpreting and Visualizing Regression Models Using Stata, by Michael Mitchell (2012a [Stata Press]).

This paper analyzes the relationship between ownership structure and security <p> performance. We use a unique data set that includes all of the announcements of <p> changes in institutional and strategic investors' ownership in firms listed on the <p> Copenhagen Stock Exchange in 1997. Using a piecewise...</p></p></p>