Certain stylized facts are common among successful economic latecomers: an inverse U-shaped gross domestic product and capital per capita growth rate, high growth rates during the catch-up period, and rapid structural changes. This paper, for the first time, proposes a general equilibrium...

Research has not yet been undertaken on the optimal level of urbanization, notwithstanding the pioneering work of Au and Henderson (2006) on optimal urban concentration. This paper develops two-sector general equilibrium models of urbanization, with and without equity consideration,...

Successful economic latecomers have certain stylized facts: an inverse U-shaped growth rate, high growth rates of per capita output with high capital returns, and rapid structural changes. In this paper, we document for the first time a catch-up cycle that successful latecomers likely...

This paper investigates single machine scheduling problems with release time and random processing time, where the release time can be either deterministic or random. The objective is to determine a scheduling sequence that performs well in terms of out-of-sample performance. To achieve this, we...

Prepositioning relief network is an effective strategy to mitigate the impact of natural disasters and public health emergencies, such as the ongoing COVID-19 pandemic. However, designing a proper network is challenging due to limited information and, more importantly, the spatially correlated...

Although multiple-purchase behavior is typical in retail practice, the choice model to portray such behavior is rare in existing research. This paper presents a new multiple-purchase (MP) choice model based on the multinomial logit (MNL) choice model, which allows customers to purchase more than...