There is a recent, expanding consensus that institutions are a key independent explanation for many of the central questions in economics. This rising intellectual trend in economics has been marked by a belief that the growth and distribution of income are intimately related to the details of the rules governing the interactions of agents in markets, states, communities, families, and firms. T...

This paper proposes a methodology for practical siting and sizing of Hybrid energy systems (HESs) consist of: wind turbine (WT), photovoltaic (PV) and combined heat and power (CHP) units. In this method, the interaction of Plug-in Electric Vehicles (PIEVs) in the electric distribution system is considered. Electric Vehicle are seen to have some negative impacts on electric distribution system p...

computation of the second order delay in rc-tree based circuits is important during the design process of modern vlsi systems with respect to having tree structure circuits. calculation of the second and higher order moments is possible in tree based networks. because of the closed form solution, computation speed and the ease of using the performance optimization in vlsi design methods such as...

In his autobiographical essay “The Ins and Outs of Late Twentieth Century Economics,” Duncan Foley (1999) observed that “economics in the late 1960s suffered from a classical scientific dilemma in that it had two theories, the microeconomic general equilibrium theory, and the macroeconomic Keynesian theory, each of which seemed to have considerable explanatory power in its own domain, but which...

The supLM test for structural change is embedded into a permutation test framework for a simple location model. The resulting conditional permutation distribution is compared to the usual (unconditional) asymptotic distribution, showing that the power of the test can be clearly improved in small samples. Furthermore, the permutation test is embedded into a general framework that encompasses too...

The concept of Stochastic Dominance (SD) appeared in Economics in the context of the study of income distribution, where it provided various criteria for ranking income distributions according to classes of social welfare functions. Although stochastic dominance is still much in use for studies of income distribution and of poverty, more recently it has also found uses in financial economics, w...