10,627 research outputs found

    Corrections and acknowledgment for ``Local limit theory and large deviations for supercritical branching processes''

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    Corrections and acknowledgment for ``Local limit theory and large deviations for supercritical branching processes'' [math.PR/0407059]Comment: Published at http://dx.doi.org/10.1214/105051606000000574 in the Annals of Applied Probability (http://www.imstat.org/aap/) by the Institute of Mathematical Statistics (http://www.imstat.org

    Local limit theory and large deviations for supercritical Branching processes

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    In this paper we study several aspects of the growth of a supercritical Galton-Watson process {Z_n:n\ge1}, and bring out some criticality phenomena determined by the Schroder constant. We develop the local limit theory of Z_n, that is, the behavior of P(Z_n=v_n) as v_n\nearrow \infty, and use this to study conditional large deviations of {Y_{Z_n}:n\ge1}, where Y_n satisfies an LDP, particularly of {Z_n^{-1}Z_{n+1}:n\ge1} conditioned on Z_n\ge v_n

    Contracts, Hold-Up, and Exports: Textiles and Opium in Colonial India

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    Trade and export, it is argued, spur economic growth. This paper studies the microeconomics of exporting. We build a heuristic model of transactions between exporters and producers and relate it to East India Company operations in colonial Bengal. Our model and the historical record stress two difficulties: the exporter and its agents might not uphold pricing agreements, and producers might not honor sales contracts. The model shows when procurement succeeds or fails, highlighting the tension between these two hold-up problems. We analyze several cases including the East India Company's textile venture, the famous Opium Monopoly, and present-day contract farming.

    Contracts, Hold-Up, and Exports: Textiles and Opium in Colonial India

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    Trade and export, it is argued, spur economic growth. This paper studies the microeconomics of exporting. We build a heuristic model of transactions between exporters and producers and relate it to East India Company operations in colonial Bengal. Our model and the historical record stress two difficulties: the exporter and its agents might not uphold pricing agreements, and producers might not honor sales contracts. The model shows when procurement succeeds or fails, highlighting the tension between these two hold-up problems. We analyze several cases including the East India Company's textile venture, the famous Opium Monopoly, and present-day contract farming.

    Magnetically suspended flywheel system study

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    A program to study the application of a graphite/epoxy, magnetically suspended, pierced disk flywheel for the combined function of spacecraft attitude control and energy storage (ACES) is described. Past achievements of the program include design and analysis computer codes for the flywheel rotor, a magnetically suspended flywheel model, and graphite/epoxy rotor rings that were successfully prestressed via interference assembly. All hardware successfully demonstrated operation of the necessary subsystems which form a complete ACES design. Areas of future work include additional rotor design research, system definition and control strategies, prototype development, and design/construction of a UM/GSFC spin test facility. The results of applying design and analysis computer codes to a magnetically suspended interference assembled rotor show specific energy densities of 42 Wh/lb (92.4 Wh/kg) are obtained for a 1.6 kWh system
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