Analysis of the characteristics of agricultural product price volatility and trend forecasting are necessary to formulate and implement agricultural price control policies. Taking wholesale cabbage prices as an example, a multiple test methodology has been adopted to identify the nonlinearity, fractality, and chaos of the data. The approaches used include the R/S analysis, the BDS test, the pow...

Our research team is developing an agent-based test bed for the integrated study of retail and wholesale power markets operating over transmission and distribution networks with smart-grid functionality. The test bed will seam together two existing test beds, the AMES Wholesale Power Market Test Bed developed by a group of researchers at Iowa State University and the GridLAB-D electric energy d...

The purpose of this study is to develop a forecasting model of daily wholesale price with macro and micro variables for a shipment timing support system for stored apples based on the transaction quantity and the wholesale price information announced by Seoul Agricultural & Marine Products Corporation’s online system. This study identified two operational definitions for production volume and a...

In a rich and provocative paper, Jaegwon Kim offers an ingenious argument for psychophysical reductionism. I take Kim to be posing a dilemma for anyone who would deny reductionism, viz. that one must either advocate the wholesale reduction of psychology to physical science or one must advocate the sundering of psychology into distinct fields, each one of which is reducible to physical science. ...

We study the repeal of a regulation that imposed maximum wholesale and retail markups for all but five fresh fruits and vegetables. We compare the prices of products affected by regulation before and after the policy change and use the unregulated products as a control group. We find that abolishing regulation led to a significant decrease in both retail and wholesale prices. However, markup re...

Using a linear complementarity approach, we simulate the Japanese wholesale electricity market as a transmission-constrained Cournot market. Following Hobbs (2001), our model adopts the Cournot assumption in the energy market and the Bertrand assumption in the transmission market. The Bertrand assumption means that generators consider transmission charges as being exogenous, which can be interp...