The frequency of financial market turmoil has been rising over the past two decades. While the incidence of market turmoil has increased, the performance of analysts during tumultuous times has not received much attention in the literature. This paper examines whether the accuracy of analyst...

The performance of analysts’ forecasts has attracted increasing attention in recent years. However, as yet, no empirical study has investigated the nexus between the analyst forecast dispersion (AFD) and excess returns surrounding stock market crashes in any depth. This paper attempts to fill...

Road space rationing based on vehicle plate numbers restricts vehicle access to a network based upon the license number on pre-established days. It has been used in some large cities especially when there are some major events. This paper analyzes the efficiency of road space rationing schemes...

The purpose of this paper is three fold: First, it demonstrates the non-convergence of the bisection method proposed in the literature for the trial-and-error implementation of the marginal-cost pricing in the absence of a demand function. Second, it provides a modified version of the bisection...

Speed limits are usually imposed on roads in an attempt to enhance safety and sometimes serve the purpose of reducing fuel consumption and vehicular emissions as well. Most previous studies up to date focus on investigation of the effects of speed limits from a local perspective, while...

The Renewable Identification Number (RIN) system is a tracking mechanism that enforces the U.S. Renewable Fuel Standard by monitoring obligated parties’ compliance with the biofuel consumption mandates. This paper incorporates the RIN system into the design of a biofuel supply chain that...

Survey and research of new socialist countryside construction in Hebei Province are favorable for determining approaches and construction mode of new socialist countryside in other areas, and favorable for advancing the urban and rural integration in Hebei Province. With the aid of GIS...

A system of tradable travel credits is explored in a general network with homogeneous travelers. A social planner is assumed to initially distribute a certain number of travel credits to all eligible travelers, and then there are link-specific charges to travelers using that link. Free trading...

This paper carries on the recent work of Yang and Wang (2011) on tradable credit schemes by considering heterogeneous users with different value of time (VOT). Given a tradable credit scheme, the user equilibrium (UE) and market equilibrium (ME) conditions with heterogeneous users are formulated...

Morning commuters choose their departure times based on a combination of factors—the chances of running into bottleneck congestion, the likely schedule delays, and parking space availability. This study investigates the morning commute problem with both bottleneck congestion and parking space...