this study attempts to find if better performance in power play leads a team to victory in a twenty20 match. based on the methodology devised to do so, the study tries to measure the performance of both the teams during power play overs in terms of batting and bowling. the developed measure is called ‘prod’ which is a product of the difference of batting and bowling performance of the teams dur...

the microgrid concept provides attractive solutions for reliability enhancement of power distribution systems. normally, microgrids contain renewable-energy-based distributed generation (dg) units, which their output power varies with different environmental conditions. in addition, load demand usually changes with factors such as hourly and seasonal customer activities. hence, these issues hav...

A power law (PL) is the form taken by a large number of surprising empirical regularities in economics and finance. This review surveys well-documented empirical PLs regarding income and wealth, the size of cities and firms, stock market returns, trading volume, international trade, and executive pay. It reviews detailindependent theoretical motivations that make sharp predictions concerning th...

The paper analyzes the economics of CO2 emissions in power systems by introducing concepts of marginal carbon intensity (MCI) of electricity demand and shadow carbon intensities (SCI) of binding transmission constraints. It demonstrates that values of MCIs are time and location dependent and exhibit properties similar to those of locational marginal prices of power. These concepts and their pro...

P aul Samuelson (1969) was once asked by a physicist for a law in economics that was both nontrivial and true. This is a difficult challenge, as many (roughly) true results are in the end rather trivial (for example, demand curves slope down), while many nontrivial results in economics in fact require too much sophistication and rationality on the part of the agents to actually hold true in pra...

We review power laws in financial economics. This is a chapter from a preliminary draft of a book called “Beyond equilibrium and efficiency”. While some of the discussion is specific to economics, most of it applies to power laws in general – the nouns may change, but the underlying questions are similar in many fields. This draft is still preliminary and not entirely finished – comments at any...

Behavioral economics increases the explanatory power of economics by providing it with more realistic psychological foundations. This book consists of representative recent articles in behavioral economics. This chapter is intended to provide an introduction to the approach and methods of behavioral economics, and to some of its major findings, applications, and promising new directions. It als...