This paper develops an analytical framework for ramp metering, under which various ramp control strategies can be viewed as ramifications of the same most-efficient control logic with different threshold values, control methods, and equity considerations. The most-efficient control logic only...

Ramp meters in the Twin Cities have been the subject of a recent test of their effectiveness, involving turning them off for eight weeks. This paper analyzes the results with and without ramp metering for several representative freeways during the afternoon peak period. Seven performance...

This paper develops an analytical framework for ramp metering, under which various ramp control strategies can be viewed as ramifications of the same most-efficient control logic with different threshold values, control methods, and equity considerations. The most-efficient control logic only...

When the risk premium in the US stock market fell far below its historic level, Shiller (2000) attributed this to a bubble driven by psychological factors. As an alternative explanation, we point out that the observed risk premium may be reduced by one-sided intervention policy on the part of...

The risk premium in the US stock market has fallen far below its historic level, which Shiller (2000) attributes to a bubble driven by psychological factors. As an alternative explanation, we point out that the observed risk premium may be reduced by one-sided intervention policy on the part of...

Is sovereign borrowing so different from corporate debt that there is no need for bankruptcy-style procedures to protect debtors? With the waiver of immunity, sovereign debtors who al-ready face severe disruption from short-term creditors grabbing their currency reserves are also exposed to...