The locational Marginal Pricing (LMP) is very important issue in deregulated environment. This paper provides a method to minimize the locational marginal pricing in the energy market. This market works under locational marginal pricing, i.e., generating units and demand loads are paid and pay, respectively, the locational marginal prices corresponding to the nodes they are connected to. An ind...

This paper studies the issue of locational market power of suppliers in a market that is situated on a network. Locational market power arises when locational advantage allows suppliers to act non-competitively and raise prices above competitive levels. We propose a quantifiable definition of locational market power and analyze its properties over a general network. We also conduct a detailed a...

The rapid growth in online shopping and associated parcel deliveries prompts investigation of the factors that contribute to delivery demand. In this study, we evaluated influence locational household characteristics on e-commerce home While past research has largely focused impacts adoption using individual/household survey data, made use data from an carrier. A linear regression model was est...

Agglomeration can be caused by asymmetric information and a locational signaling effect: The location choice of workers signals their productivity to potential employers. The cost of a signal is the cost of housing at a location. When workers’ marginal utility of housing is negatively correlated with their productivity, skill-biased technological change causes a core-periphery bifurcation where...

We examine the value of terroir, which refers to the special characteristics of a place that impart unique qualities to the wine produced. We do this by conducting a hedonic analysis of vineyard sales in the Willamette Valley of Oregon to ascertain whether site attributes, such as slope, aspect, elevation, and soil types, or designated appellations are more important determinants of price. We f...

By paying particular attention to the local economic context, this paper analyzes the determinants of non-agricultural employment and earnings in non-agricultural jobs. The empirical analysis is based on the Brazilian Demographic Census, allowing for disaggregated controls for the local economy. Education stands out as one of the key determinants of employment outcome and earnings potential. Fa...

Most small island economies or ‘microstates’ have distinctly different characteristics from larger developing economies. They are more open and vulnerable to external and environmental shocks, resulting in high output volatility. Most of them also suffer from locational disadvantages. Although a few small island economies have succeeded in generating sustained rapid growth and reducing poverty,...