Boom and bust in continuous time evolving economic model

We show that a simple model of a spatially resolved evolving economic system, which has a steady state under simultaneous updating, shows stable oscillations in price when updated asynchronously. The oscillations arise from a gradual decline of the mean price due to competition among sellers competing for the same resource. This lowers profitability and hence population but is followed by a sharp rise as speculative sellers invade the large un-inhabited areas. This cycle then begins again.Comment: 7 pages, 9 figures, epjb style. New references. Section on avoiding boom and bust. Fix bibliograph

Ab initio studies of structural instabilities in magnesium silicate perovskite

Density-functional simulations are used to calculate structural properties and high-symmetry phonons of the hypothetical cubic phase, the stable orthorhombic phase and an intermediate tetragonal phase of magnesium silicate perovskite. We show that the structure of the stable phase is well described by freezing in a small number of unstable phonons into the cubic phase. We use the frequencies of these unstable modes to estimate transition temperatures for cubic--tetragonal and tetragonal--orthorhombic phase transitions. These are investigated further to find that the coupling with the strain suggests that phonons give a better representation than rigid unit modes. The phonons of an intermediate tetragonal phase were found to be stable except for two rotational modes. The eigenvectors of the most unstable mode of each of the cubic and tetragonal phases account for all the positional parameters of the orthorhombic phase. The phase boundary for the orthorhombic--tetragonal transition intersects possible mantle geotherms, suggesting that the tetragonal phase may be present in the lower mantle.Comment: 16 pages, REVTEX, 7 postscript figures (Fig 1 very large, contact Authors if required); submitted to Physics and Chemistry of Mineral