545 research outputs found

    Conditions for State and Control Constraint Activation in Coordination of Connected and Automated Vehicles

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    Connected and automated vehicles (CAVs) provide the most intriguing opportunity to reduce pollution, energy consumption, and travel delays. In earlier work, we addressed the optimal coordination of CAVs using Hamiltonian analysis. In this paper, we investigate the nature of the unconstrained problem and provide conditions under which the state and control constraints become active. We derive a closed-form analytical solution of the constrained optimization problem and evaluate the solution using numerical simulation

    Endogenous Private Transfer and Real Exchange Rate Dynamics in a Two-Sector Dependent Economy

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    Government to government transfers are treated understandably as exogenous in open economy macro models. Even private transfer like remittances are treated as exogenous in the extant literature. In this paper we examine the effects of endogenous private transfer (remittances) on the real exchange rates using a dynamic two-sector dependent economy model. We examine the effects of demand and supply shocks and found that the dynamic patterns for real exchange rates depends on endogeneity of the transfer and the factor intensity of the traded and non-traded sectors
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