Existing models of stochastic network equilibrium route choice in transport networks are able to represent exogenously specified variations in drivers' actual or perceived travel costs, but assume ...

Many situations in economics are complicated and competitive. New research raises the question of whether many theories in economics may suffer from the very fundamental problem that the key ...

This is a preview. Log in through your library . Abstract Building on Ricardo's two-sector corn model (Pasinetti, 1960), the paper develops a classical alternative to the standard neoclassical ...

In March 2018, representatives of member countries of the African Union signed the African Continental Free Trade Area (AfCFTA) agreement. This agreement provides a framework for trade liberalization ...

The Republic of Marshall Islands (RMI) faces severe challenges due to its vulnerability to climate change and natural ...

The Hardy-Weinberg equilibrium principle describes the unchanging frequency of alleles and genotypes in a stable, idealized population. In this population we assume there is random mating and sexual ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Robert Kelly is managing director of XTS ...