Endogenizing the Reservation Value in Models of Land Development Over Time and Under Uncertainty

The notion of a reservation value is a key feature of most contemporary dynamic and stochastic models of land development. It is clear that the magnitude of the reservation value has a fundamental bearing on the decision to develop or preserve land. This notwithstanding, many papers that analyze land development in a dynamic and stochastic setting treat a landowner’s reservation value as an exogenous variable. Therefore, the purpose of this paper is to endogenize the reservation value in the context of a model of land development over time and under uncertainty. Our analysis shows that the optimal reservation value is the solution to a specific maximization problem. In addition, we also show that there exist theoretical circumstances in which the optimal reservation value is unique.

Possible explanation of indirect gamma ray signatures from hidden sector fermionic dark matter

We propose the existence of a hidden or dark sector besides the standard model (SM) of particle physics, whose members (both fermionic and bosonic) obey a local SU(2)$_{\rm H}$ gauge symmetry while behaving like a singlet under the SM gauge group. However, the fermiomic fields of the dark sector also possess another global U(1)$_{\rm H}$ symmetry which remains unbroken. The local SU(2)$_{\rm H}$ invariance of the dark sector is broken spontaneously when a scalar field in this sector acquires a vacuum expectation value (VEV) and thereby generating masses to the dark gauge bosons and dark fermions charged under the SU(2)$_{\rm H}$. The lightest fermion in this dark SU(2)$_{\rm H}$ sector can be a potential dark matter candidate. We first examine the viability of the model and constrain the model parameter space by theoretical constraints such as vacuum stability and by the experimental constraints such as PLANCK limit on relic density, LHC data, limits on spin independent scattering cross-section from dark matter direct search experiments etc. We then investigate the gamma rays from the pair annihilation of the proposed dark matter candidate at the Galactic Centre region. We also extend our calculations of gamma rays flux for the case of dwarf galaxies and compare the signatures of gamma rays obtained from these astrophysical sites.Comment: 33 pages, 16 figures, title changed, major revisio

Two component WIMP-FImP dark matter model with singlet fermion, scalar and pseudo scalar

We explore a two component dark matter model with a fermion and a scalar. In this scenario the Standard Model (SM) is extended by a fermion, a scalar and an additional pseudo scalar. The fermionic component is assumed to have a global ${\rm U(1)}_{\rm DM}$ and interacts with the pseudo scalar via Yukawa interaction while a $\mathbb{Z}_2$ symmetry is imposed on the other component -- the scalar. These ensure the stability of both the dark matter components. Although the Lagrangian of the present model is CP conserving, however the CP symmetry breaks spontaneously when the pseudo scalar acquires a vacuum expectation value (VEV). The scalar component of the dark matter in the present model also develops a VEV on spontaneous breaking of the $\mathbb{Z}_2$ symmetry. Thus the various interactions of the dark sector and the SM sector are progressed through the mixing of the SM like Higgs boson, the pseudo scalar Higgs like boson and the singlet scalar boson. We show that the observed gamma ray excess from the Galactic Centre, self-interaction of dark matter from colliding clusters as well as the 3.55 keV X-ray line from Perseus, Andromeda etc. can be simultaneously explained in the present two component dark matter model.Comment: 35 pages, 5 figure

Wave packet dynamics in monolayer MoS2_2 with and without a magnetic field

We study the dynamics of electrons in monolayer Molybdenum Disulfide (MoS$_2$), in the absence as well as presence of a transverse magnetic field. Considering the initial electronic wave function to be a Gaussian wave packet, we calculate the time dependent expectation value of position and velocity operators. In the absence of the magnetic field, the time dependent average values of position and velocity show damped oscillations dependent on the width of the wave packet. In the presence of a transverse magnetic field, the wave packet amplitude shows oscillatory behaviour over short timescales associated with classical cyclotron orbit, followed by the phenomena of spontaneous collapse and revival over larger timescales. We relate the timescales of these effects and our results can be useful for the interpretation of experiments with trapped ions.Comment: 8pages, 3 figures. typos corrected and improved presentatio

Endogenizing the Reservation Value in Models of Land Development Over Time and Under Uncertainty

The notion of a reservation value is a key feature of most contemporary dynamic and stochastic models of land development. It is clear that the magnitude of the reservation value has a fundamental bearing on the decision to develop or preserve land. This notwithstanding, many papers that analyze land development in a dynamic and stochastic setting treat a landowner's reservation value as an exogenous variable. Therefore, the purpose of this paper is to endogenize the reservation value in the context of a model of land development over time and under uncertainty. Our analysis shows that the optimal reservation value is the solution to a specific maximization problem. In addition, we also show that there exist theoretical circumstances in which the optimal reservation value is unique

Pollution, Shadow Economy and Corruption: Theory and Evidence

We study how the shadow economy affects pollution and how this effect depends on corruption levels in public administration. Production in the shadow economy allows firms to avoid environmental regulation policies; a large informal sector may be accompanied by higher pollution levels. Our theoretical model predicts that controlling the levels of corruption can limit the effect of the shadow economy on pollution. We use panel data covering the period from 1999–2005 from more than 100 countries to test this theoretical prediction. Our estimates confirm that the relationship between the shadow economy and the levels of pollution are dependent on the levels of corruption. Our results hold when we control for the effects of other determinants of pollution, time varying common shocks, country-fixed effects and various additional covariates.environmental pollution, shadow economy, corruption, panel data