An Exchange Mechanism to Coordinate Flexibility in Residential Energy Cooperatives

Energy cooperatives (ECs) such as residential and industrial microgrids have the potential to mitigate increasing fluctuations in renewable electricity generation, but only if their joint response is coordinated. However, the coordination and control of independently operated flexible resources (e.g., storage, demand response) imposes critical challenges arising from the heterogeneity of the resources, conflict of interests, and impact on the grid. Correspondingly, overcoming these challenges with a general and fair yet efficient exchange mechanism that coordinates these distributed resources will accommodate renewable fluctuations on a local level, thereby supporting the energy transition. In this paper, we introduce such an exchange mechanism. It incorporates a payment structure that encourages prosumers to participate in the exchange by increasing their utility above baseline alternatives. The allocation from the proposed mechanism increases the system efficiency (utilitarian social welfare) and distributes profits more fairly (measured by Nash social welfare) than individual flexibility activation. A case study analyzing the mechanism performance and resulting payments in numerical experiments over real demand and generation profiles of the Pecan Street dataset elucidates the efficacy to promote cooperation between co-located flexibilities in residential cooperatives through local exchange.Comment: Accepted in IEEE ICIT 201

Race and Subprime Loan Pricing

In this paper we investigate whether race and ethnicity influenced subprime loan pricing during 2005, the peak of the subprime mortgage expansion. We combine loan-level data on the performance of non-prime securitized mortgages with individual- and neighborhood-level data on racial and ethnic characteristics for metropolitan areas in California and Florida. Using a model of rate determination that accounts for predicted loan performance, we evaluate the presence of disparate impact and disparate treatment from race and ethnicity on rate-setting behavior across the most popular subprime mortgage products. In contrast with previous studies of the subprime market, we find evidence of adverse pricing effects for black and Hispanic borrowers.

Measuring Strong and Weak Phases in Time-Independent B Decays

Flavor SU(3) symmetry implies certain relations among $B$-decay amplitudes to $\pi\pi$, $\pi K$ and $K {\bar K}$ final states, when annihilation-like diagrams are neglected. Using three triangle relations, we show how to measure the weak CKM phases $\alpha$ and $\gamma$ using time-independent rate measurements only. In addition, one obtains all the strong final-state phases and the magnitudes of individual terms describing tree (spectator), color-suppressed and penguin diagrams. Many independent measurements of these quantities can be made with this method, which helps to eliminate possible discrete ambiguities and to estimate the size of SU(3)-breaking effects.Comment: 2 figures available from the authors upon request, 12 pages,UdeM-LPN-TH-94-19

Sex-specific diet and rockfish consumption in California sea lions (Zalophus californianus): Insights from molecular scatology

Molecular diet analysis has the potential to overcome the limitations of traditional methods. I used prey hard parts and molecular methods to examine sex-specific diet trends and rockfish consumption of California sea lions (Zalophus californianus, CSL). Fresh scat samples (n=219) were collected from Año Nuevo Island, CA (ANI), during the summers of 2013 and 2014. Prey taxa were identified from fish otoliths and cephalopod beaks recovered from cleaned scats. Sex of the CSL depositing the scat was assigned via multiplex PCR of a CSL microsatellite and a carnivore Y chromosome marker. Prey species also were identified using multiple loci in a Next Generation Sequencing framework. Twenty-two fish and 4 cephalopod taxa were identified from hard parts; additionally, 38 fish and 7 invertebrate taxa were identified from molecular data including 16 rockfish species. Hard parts data overestimated the occurrence of prey with robust hard parts whereas molecular data identified additional taxa that lacked diagnostic hard parts. More scats were assigned to females than males in both years, which may be indicative of greater female use of ANI or an increased presence of non-reproductive females within the Monterey Bay region during summer. Estimates of rockfish consumption in 2013 were similar to previous studies, but fewer rockfish were eaten in 2014 than previously reported. The increased presence of benthic and midwater prey indicated a greater prey base in Monterey Bay compared with previous studies