362 research outputs found

    Fraud, investments and liability regimes in payment platforms

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    In this paper, we discuss how fraud liability regimes impact the price structure that is chosen by a monopolistic payment platform, in a setting where merchants can invest in fraud detection technologies. We show that liability allocation rules distort the price structure charged by platforms or banks to consumers and merchants with respect to a case where such a responsibility regime is not implemented. We determine the allocation of fraud losses between the payment platform and the merchants that maximises the platform's profit and we compare it to the allocation that maximises social welfare. JEL Classification: G21, L31, L42fraud, interchange fees, liability, Payment card systems, two-sided markets

    Optical cavity tests of Lorentz invariance for the electron

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    A hypothetical violation of Lorentz invariance in the electrons' equation of motion (expressed within the Lorentz-violating extension of the standard model) leads to a change of the geometry of crystals and thus shifts the resonance frequency of an electromagnetic cavity. This allows experimental tests of Lorentz invariance of the electron sector of the standard model. The material dependence of the effect allows to separate it from an additional shift caused by Lorentz violation in electrodynamics, and to place independent limits on both effects. From present experiments, upper limits on Lorentz violation in the electrons' kinetic energy term are deduced.Comment: 17 pages revte

    T-duality of anomalous Chern-Simons couplings

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    It is known that the anomalous Dp_p-brane Chern-Simons couplings are not consistent with the standard rules of T-duality. Using compatibility of these couplings with the linear T-duality transformations, the B-field gauge transformations and with the general coordinate transformations as guiding principles we find new couplings at order O(α2)O(\alpha'^2) for C(p3){\cal C}^{(p-3)}, C(p1){\cal C}^{(p-1)}, C(p+1){\cal C}^{(p+1)} and C(p+3){\cal C}^{(p+3)}.Comment: 19 pages, Latex file, no figure, the version appears in NP

    Minimizing weighted mean absolute deviation of job completion times from their weighted mean

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    Cataloged from PDF version of article.We address a single-machine scheduling problem where the objective is to minimize the weighted mean absolute deviation of job completion times from their weighted mean. This problem and its precursors aim to achieve the maximum admissible level of service equity. It has been shown earlier that the unweighted version of this problem is NP-hard in the ordinary sense. For that version, a pseudo-polynomial time dynamic program and a 2- approximate algorithm are available. However, not much (except for an important solution property) exists for the weighted version. In this paper, we establish the relationship between the optimal solution to the weighted problem and a related one in which the deviations are measured from the weighted median (rather than the mean) of the job completion times; this generalizes the 2-approximation result mentioned above. We proceed to give a pseudo-polynomial time dynamic program, establishing the ordinary NP-hardness of the problem in general. We then present a fully-polynomial time approximation scheme as well. Finally, we report the findings from a limited computational study on the heuristic solution of the general problem. Our results specialize easily to the unweighted case; they also lead to an approximation of the set of schedules that are efficient with respect to both the weighted mean absolute deviation and the weighted mean completion time. 2011 Elsevier Inc. All rights reserved

    Means and method of measuring viscoelastic strain Patent

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    Photographic method for measuring viscoelastic strain in solid propellants and other material

    Curious Aspects of Three-Dimensional N=1{\cal N}=1 SCFTs

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    We study the dynamics of certain 3d N=1{\cal N}=1 time reversal invariant theories. Such theories often have exact moduli spaces of supersymmetric vacua. We propose several dualities and we test these proposals by comparing the deformations and supersymmetric ground states. First, we consider a theory where time reversal symmetry is only emergent in the infrared and there exists (nonetheless) an exact moduli space of vacua. This theory has a dual description with manifest time reversal symmetry. Second, we consider some surprising facts about N=2{\cal N}=2 U(1)U(1) gauge theory coupled to two chiral superfields of charge 1. This theory is claimed to have emergent SU(3)SU(3) global symmetry in the infrared. We propose a dual Wess-Zumino description (i.e. a theory of scalars and fermions but no gauge fields) with manifest SU(3)SU(3) symmetry but only N=1{\cal N}=1 supersymmetry. We argue that this Wess-Zumino model must have enhanced supersymmetry in the infrared. Finally, we make some brief comments about the dynamics of N=1{\cal N}=1 SU(N)SU(N) gauge theory coupled to NfN_f quarks in a time reversal invariant fashion. We argue that for Nf<NN_f<N there is a moduli space of vacua to all orders in perturbation theory but it is non-perturbatively lifted.Comment: 30 pages, 4 figures v2: references adde
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