This thesis investigates the relationship between investors' demand shocks and asset prices
through the use of data on portfolio holdings. In three chapters, I study the theory, estimation,
and application of demand-based asset pricing models, which incorp ...
Oligopolistic competition occurs in various transportation markets. In this paper, we introduce a framework to find approximate equilibrium solutions of oligopolistic markets in which demand is modeled at the disaggregate level using discrete choice models ...
Dampened inflation expectations have a significant impact on the New Keynesian Phillips Curve. This dampening not only flattens the long run Phillips Curve, but it can also lead to a bias in the estimation of its short run slope. It also affects the respon ...
Fling-step and forward directivity are the major consequences of near-fault ground motions as they can impose unexpected seismic demands on structures located in the vicinity of the fault. The pernicious effect of forward directivity on the seismic behavio ...
The stringent requirement of the demand-supply equilibrium for delivering electricity has traditionally been dealt with a supply-side perspective, assuming that the demand is not alterable. With the promises of the Smart Grid, demand- side management techn ...
Fling-step and forward directivity, which can impose unexpected seismic demands on structures, are the main consequences of near-fault earthquakes. Although the adverse effect of forward directivity on structures behavior is determined to some level, the i ...
Existing bridges may have been designed and constructed according to codes without any provisions for seismic design and detailing. Particularly in countries with moderate seismicity, such as Switzerland, modern seismic design standards might have been int ...
This thesis investigates methodologies for improving the demand responsiveness of transportation systems through flexibility. The methodologies propose advances both in demand and supply models having a focus on supply-demand interactions. The demand side ...
In recent decades, the European postal industry has undergone profound reforms, which aim to promote competition while simultaneously maintaining a high level of universal services for consumers. It is often put forth that market opening and the emergence ...
This paper develops a DSGE model with housing, risky mortgages, and endogenous default. Housing investment is subject to idiosyncratic risk, and some mortgages are defaulted in equilibrium. An unanticipated increase in the standard deviation of housing inv ...
A climate treaty like the one which should replace the Kyoto Protocol after 2012, may have important impacts on the oil, gas and coal markets. The full impact of such a treaty will not be felt before 2030. In this paper one uses a computable general equili ...
We present experimental evidence that, unlike traditional assumptions in economic theory, security prices do not respond to pressure from their own excess demand. Instead, prices respond to excess demand of all securities, despite the absence of a direct l ...
New trends in consumer electronics have created a strong demand for fast, reliable and user-friendly key agreement protocols. However, many key agreement protocols are secure only against passive attacks. Therefore, message authentication is often unavoida ...
