In this paper, impacts of day-ahead market pricing on behavior of producers and consumers in option and day-ahead markets and on option pricing are studied. To this end, two comprehensive equilibrium models for joint put option and day-ahead markets under pay-as-bid and uniform pricing in day-ahead market are presented, respectively. Interaction between put option and day-ahead markets, uncerta...

-In this paper, an attempt has been made to establish a market mechanism for primary and secondary frequency regulation services in the restructured power system environment. The concept of elasticity of offer price and elasticity of offer quantity has been proposed. Such a design of offer structure helps the providers to respond to the system requirements based on the market price variations i...

A common method to study the dynamic behavior of macroeconomic variables is using linear time series models; however, they are unable to explain nonlinear behavior of the series. Given the dependency between stock market and derivatives, the behavior of the underlying asset price can be modeled using Markov switching process properties and the economic regime significance. In this paper, a two-...

Due to considerable stored energy in surfaces of nano-scales in comparison with the stored energy in their bulk, considering the surface energy is necessary for the analysis of various behaviors of nano-scales for more precise design and manufacturing. In this article, the longitudinal dynamic behavior of nanobars in the presence of the surface energy parameters is studied. To this end, the lon...

Although the Dixit-Stiglitz aggregator is the workhorse specification of monopolistic competition, this framework and related variants are fundamentally inconsistent with a key stylized fact from empirical studies of consumer behavior and product marketing, namely, that the price elasticity of demand for a given brand is primarily determined by the extensive margin (i.e., changes in the number ...

The importance of drug as a valuable export product in the global economy becomes more clear every day. Understanding the problems of exports and factors affecting it, can be an important step to keep Iran’s position in the world markets and further export development of this product.In this study, Iranian pharmaceutical exports’ supply and demand functions were calculated using co-integration ...

the main purpose of this study was to determine the factors affecting the export of flowers in iran. after data collection using by the index of revealed comparative advantage (rca), the condition of business of flowers in iran was compared with a number of countries exporting the product. according to the results of study, the small elasticity of the exportation price in the function of export...