This paper presents a theoretical model to quantitatively address the relation between bus detector location and effectiveness of transit signal priority (TSP) systems, supplemented by a sample model application and simulation experiments on a real-life arterial corridor. The simulation results agree very well with results from the theoretical model. The findings of this research contribute to a better understanding of the interaction of the various components of TSP systems that can lead to better TSP design and implementation.
This study deals with interactions between fashion, economic growth and income and wealth distribution in a growth model of heterogeneous households with economic structure. The modelling of fashion and preference change is inspirited by the economic model of fashion recently published by Giovinazzo and Naimzada (2015). We introduce fashion consumption, fashion industry and preference change with regards to fashion goods into a general equilibrium dynamic growth model proposed by Zhang (2012Zhang ( , 2013. The economy consists of three groups of people (the snob, the bandwagoner, and the consumer) and three production (capital goods, consumer goods, and fashion) sectors. The motion of the economic system is described by a set of differential equations. For illustration, we simulate the motion of the economic system. We identify the existence of a unique stable equilibrium point. We also carry out comparative dynamic analysis. The comparative analyses provide some insights into the complexity of economic growth with fashion.JEL Classification: C23, G21, L2.
This study develops an economic growth model with residential distribution. The model synthesises the main ideas in the Solow-Uzawa growth model, the Alonso urban model, and the Muth housing model with perfect competition in all the markets, by proposing an alternative approach to household behaviour. We show that economic growth with the economic geography is governed by a single differential equation and analyse dynamic behaviour of the model. For explanation, we simulate the model over time and space.
JEL classification: R11, R14
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