In transportation modeling, after defining a road network and its origin-destination (OD) matrix, the next important question is how to assign traffic among OD-pairs. Nowadays, advanced traveler information systems (ATIS) make it possible realize user equilibrium solution. Simultaneously, with advent of Cooperative Intelligent Transport Systems (C-ITS), solve assignment problem in system optimu...

We consider a dynamic collective choice problem where a large number of players are cooperatively choosing between multiple destinations while being influenced by the behavior of the group. For example, in a robotic swarm exploring a new environment, a robot might have to choose between multiple sites to visit, but at the same time it should remain close to the group to achieve some coordinated...

Social interaction and physical interconnections between populations can influence the spread of parasites. The role that these pathways play in sustaining the transmission of parasitic diseases is unclear, although increasingly realistic metapopulation models are being used to study how diseases persist in connected environments. We use a mathematical model of schistosomiasis transmission for ...

When risks are interdependent, an agent ́s decision to self-protect affects the loss probabilites faced by others. Due to these externalities, economic agents invest too little in prevention relative to the socially efficient level by ignoring marginal external costs or benefits conferred on others. This paper analyzes an insurance market with externalities of loss prevention. It is shown in a m...

This paper explores the economic impact of alternative ownership structures on transportation system performance, social welfare, and regulatory needs. Road pricing, investment, and ownership decisions are jointly considered in an agent-based evolutionary model applicable to large networks. Results suggest that a centralized public regime with average-cost pricing is far from socially optimal w...

This paper analyzes the impact of indexed wage contracts on inflation and social welfare in a Barro–Gordon model with state contingent monetary policy. Wage indexation reduces the inflation bias but may raise the variance of inflation rates. In social optimum wages are fully indexed to the price level, but this requires optimal wage adjustments to productivity shocks. If wage adjustments to pro...

Routing problems are among the most studied ones in the operations research community, and many works have been devoted to the analysis of optimal routing policies in various static and dynamic scenarios. Most of these works have aimed at developing centralized algorithms to determine an optimal routing strategy. When the size of the system is not too large, a single routing agent can then impl...

An artificial fruit (AF) was used to test for social learning in pig-tailed macaques (Macaca nemestrina) and adult humans (Homo sapiens). A monkey demonstrator opened the AF, showing alternative methods to 2 groups of cage mates. Video films of the monkey demonstrations were presented to adult humans. Compared with chimpanzees and children, the macaques watched the demonstrations significantly ...

I examine optimal taxes in an overlapping generations economy in which each consumer’s utility depends on consumption relative to a weighted average of consumption by others (the benchmark level of consumption) as well as on the level of the consumer’s own consumption. The socially optimal balanced growth path is characterized by the ModiÞed Golden Rule and by a condition on the intergeneration...