This paper studies the behavioral changes produced by the events of September 11th, 2001 on intercity air travel behavior, the impacts that increases in security inspection times had on the airline industry’s market share, and the economic optimality of inspection time goals. We develop...

Sea ice thickness is one of the main hazard factors of ice disasters in Bohai Sea. In this paper, through shore-based radar (X-band) data analysis, the appropriate pixel for ice type extraction was firstly determined. Then, combined with observation data obtained with ice type trackers, the...

This paper describes the key findings from a major research project aimed at assessing the impacts of the Port Authority of New York and New Jersey's time of day pricing initiative on the behavior of commercial carriers. The paper, believed by the authors to be the first comprehensive study on...

This study employed a clustering algorithm and a logistic regression analysis to examine the relationship between cropland and demographic attributes obtained at the census block group level. The result indicated that population density, African Americans, and poverty are significantly related...

This paper departs from the conventional assumption of unbounded rationality in the marketplace and investigates the effects of a suboptimal behavior in financial markets. A rule of thumb adopted by a group of agents is proven to be near-rational, in the sense that the costs borne by those...

In this paper, the author examines the existence of stationary equilibria in an overlapping generations model where production shocks are correlated over time. In general, the system is complicated by dynamic indeterminacy and possibility of sunspot equilibria. However, there exists a...

We propose a new microeconomic explanation for the divergent experiences of economies in forming human capital. We suggest that the positive effect of a longer life expectancy on human capital formation arises from two separate effects: a life expectancy effect and a prolonged intergenerational...