This paper presents a new framework to analyze the effects of some economics factors on the U.S. distribution of wages. The paper seeks to specifically find the contributing factors of wage inequality and show how differently these factors influence wage dynamics at various points of the distribution. This paper provides valuable information of where in the wage distribution dynamics these fact...

Throughout the world, healthcare policy makers confront common problems: expenditure inflation, inefficiency and inequity in access to care. The development of health economics during the last 20 years has produced a consensus (outside the USA) about the merits of ‘single-payer’ systems and the need to evaluate the cost-effectiveness of competing medical technologies. These are necessary but no...

Low frequency oscillations (LFO) are a frequent harmful phenomenon which increases the risk of instability for the power system. They limit the steady-state power transfer and change the operational system economics and security. The identification of LFO and solution to LFO problems with reference to power system stabilizer is carried out in this literature survey.

performance evaluation of electricity distribution units is an important issue between researchers and regulators. classic data envelopment analysis models with deterministic data have been used by many authors to measure efficiency of power distribution units in different countries. however, data envelopment analysis with stochastic data are rarely used to measure efficiency of distribution co...

This paper provides an exhaustive review of the literature on the characterization of financial time series. A stylized fact is a term in economics used to refer to empirical findings that are so consistent across markets that they are accepted as truth. Financial time series may be characterized by the following stylized facts. The autocorrelation of returns is largely insignificant. The distr...

This paper proposes a modified quasi-likelihood test of Markov regime switching models. Despite its popularity in economics and finance, there are few papers that develop tests for regime switching models. Recently, Cho and White (2007) derive the asymptotic distribution of the quasi-likelihood ratio (QLR) statistic of Markov regime switching models with a scalar parameter. The asymptotic distr...

Traditionally, conventional generation unit was used to provide ancillary services e.g. reactive power support, and spinning reserve. Nonetheless, with the emergence of highly penetrated distributed energy resources (DERs) systems and considering how beneficial they can be; it appears reasonable to use them as reactive power providers. Therefore, this paper introduces a new procedure for DERs t...

In this study, a new statistical distribution called as Transmuted Exponential Power using the quadratic rank transmutation map introduced by Shaw and Buckley [23,24] is suggested. The various mathematical properties of are examined. method maximum likelihood estimation has been used to estimate unknown parameters distribution. Moreover, real data analysis compare with other some distributions ...