When microeconomic adjustment is lumpy, the VAR-estimated persistence of the corresponding aggregated variable is downward biased. The extent of this bias decreases with the level of aggregation, yet convergence is very ...

Pooled procurement has an important role in reducing acquisition prices of goods. A pool of buyers, which aggregates demand for its members, increases bargaining power and allows suppliers to achieve economies of scale and ...

The electric vehicle (EV), when aggregated by an agent (Aggregator), is a suitable candidate for participating demand response in power system operation. This paper proposes a method for the calculation of the optimal ...

This article presents a simple macroeconomic model where government spending affects aggregate demand directly and indirectly, through an expectational channel. Prices are fully flexible and the model is static, so ...

The empirical literature on residential water demand employs various data aggregation methods, which depend on whether the aggregation is over consumption, sociodemographic variables, or both. In this study, we distinguish ...

Large groups of electrical loads can be controlled as a single entity to reduce their aggregate power demand in the electricity network. This approach, known as load management (LM) or demand response, offers an alternative ...

We investigate the issue of whether there was a stable money demand function for Japan in 1990's using both aggregate and disaggregate time series data. The aggregate data appears to support the contention that there was ...