We study the topological properties of the information transfer networks (ITN) of the global financial market indices for six different periods. ITN is a directed weighted network, in which the direction and weight are determined by the transfer entropy between market indices. By applying the...

Clemen and Winkler (1985) have described the theoretical effectiveness of Winkler's (1981) formula for optimally combining forecasts. The optimality of Winkler's formula is, however, contingent on actually knowing the forecasters' statistical properties, i.e., the variances and covariances of...

This paper proposes a long-term electricity market analysis framework to assess the impacts of the demand response and smart metering infrastructure implementation on market price fluctuations and system reliability. Based on the probabilistic production cost simulation method that has been...

This paper provides a framework to identify and achieve a benchmark portfolio structure for government debt based upon the trade-off between expected debt-service-cost and risk. Using actual Korean government debt data, we empirically derive a medium-term efficient frontier conditional upon the...

This paper uses a new unit commitment model which can simulate the interactions among plug-in hybrid electric vehicles (PHEVs), wind power, and demand response (DR). Four PHEV charging scenarios are simulated for the Illinois power system: (1) unconstrained charging, (2) 3-hour delayed...

Assessing the impacts of dynamic-pricing under the smart grid concept is becoming extremely important for deciding its full deployment. In this paper, we develop a model that represents the response of consumers to dynamic pricing. In the model, consumers use forecasted day-ahead prices to shift...

There have been numerous attempts to both document the income-health gradient in children and to understand the nature of the tie. In this paper we review and summarize existing studies and then use a unique school based panel data set from the US to attempt to further our understanding of the...

Recent evidence has suggested that popularity during high school is linked with wages during mid-life using the Wisconsin Longitudinal Study. The results were shown to be robust to a large set of individual-level heterogeneity included completed schooling, cognitive ability, and personality...

While several types of mental illness, including substance abuse disorders, have been linked with poor labor market outcomes, no current research has been able to examine the effects of childhood ADHD. As ADHD has become one of the most prevalent childhood mental conditions, it is useful to...