In this article, the authors will provide an introduction to MOPCA (Model of Power system planning and Comprehensive Assessment), the model's methodology and show a case study for regional generation system expansion planning.

An integrated ecological-economic decision-making approach is developed to help local stakeholders decide on land use in rural areas where the conflict between natural resource protection and economic development is pressing. It consists of four methodological steps. In the first step the...

Surowiecki (2004) argues that collective predictions are better than individual predictions and calls that the Wisdom of the Crowds. We use an analytical information model to demonstrate and explain this. Then we see how these two predictions are affected by better public information and show...

This article introduces the cascaded individual model of Post-keynesian economics. This differs from the representative agent model of the old-keynesian model mathematically and methodologically. The model builds from five assumptions containing original concepts: cascaded individuals, a social...

This paper compares two alternative answers to the question, 'Who is the addressee of welfare economics?' These answers correspond with different understandings of the status of the normative conclusions of welfare economics, and have different implications for how welfare economics should be...

This article introduces a social planner version of a model central to the New Economic Geography for explicitly answering whether the symmetric equilibrium outcome of the decentralized market economy is socially desirable. We find that savings incentives are too weak, resulting in an...

Representation is one of the most important criteria by which to judge electoral systems. In this paper, I focus on one aspect of representative democracy: the formation of electoral district boundaries. It is well known that majoritarian systems give rise to highly biased seat–vote curves,...

This article introduces the cascaded individual model of Post-keynesian economics. This differs from the representative agent model of the old-keynesian model mathematically and methodologically. The model builds from five assumptions containing original concepts: cascaded individuals, a social...

Numerous prior experimental studies have attempted to elicit people’s preferences over income distributions through appropriately incentivated questions asking subjects to choose between distributions. Instead, we follow the theoretical literature and start with the principles underlying these...

We develop a theoretical model of the dynamics of an industry over the business cycle. In the economy, both aggregate demand and the productivity of a firm's technology evolve stochastically. Each period, firms must choose whether to produce or to exit and attempt to sell off their resources to...