Questionnaire surveys undertaken in 1988 and annually from 2003 through 2014 of recent homebuyers in each of four U.S. metropolitan areas shed light on their expectations and reasons for buying during the recent housing boom and subsequent collapse. They also provide insight into the reasons for...

Many behavioral and nonbehavioral models have been proposed to model pedestrian behavior. Among these, pedestrians’ decision processes have not been explicitly modeled. Utility-maximizing models have been prominently used, but these models may be misspecified owing to their unrealistic...

Grouping behavior is an important element which affects pedestrian group-moving behavior significantly. Current studies only give a few discussions on how grouping behavior affects pedestrian counter flow, while the effect of grouping behavior on evacuation flow is largely ignored. Here we...

Take Suburban Hanjiang District of Yangzhou as an example, based on the comprehensive analysis of total grain yield, yield per unit, planting areas and patterns over the recent years, present problems and constraints in this district under the background of continuous yield increase are pointed...

The existence of pure-strategy Nash equilibrium is shown for a non-cooperative game with a continuum of small players and a compact action space. The players’ payoffs depend on their own actions and the mean of the transformed strategy profiles. This covers the case when the payoffs depend on...

This paper reports the results of an evaluation of the direct and indirect information on the compliance costs state Departments of Transportation (DOT) experience in responding to environmental regulations. After reviewing the statutory requirements and a series of Environmental Impact...

This paper uses the Federal Aid Highway program as the source for natural experiment to evaluate whether complying with federal environmental regulations increases construction costs. This is accomplished by evaluating whether indexes of the environmental resources in each state affect...

This paper discusses generation asset valuation in a framework where capital utilization decisions are endogenous. We use real options approach for valuation of natural gas fueled turbines. Capital utilization choices that we explore include turning on/off the unit, operating the unit at...