Does economic endogeneity of site facilities in recreation demand models lead to statistical endogeneity?

Different kinds of endogeneity problems in Random Utility Models of recreation demand have been studied in previous literature. Some site characteristics, like facilities, could be endogenous in an economic sense due to the interplay of supply and demand. That is, it may be that more popular recreation sites tend to have better site characteristics since managers with limited budgets would be more willing to invest in them. If recreation site improvements are more likely to occur at the more popular sites, then might this economic endogeneity cause problems for econometric models linking site demand to facilities. In this paper, we use Monte Carlo simulations to test whether this economic endogeneity will lead to statistical endogeneity.Random Utility Models, Facilities, Endogeneity, Monte Carlo simulations, Environmental Economics and Policy,

First in Class? The Performance of Latent Class Model

Replaced with revised version of poster 07/22/11.Monte Carlo Simulations, Latent Class Model, Environmental Economics and Policy,

Nd & Hf concentrations and isotopic compositions in the Baltic Sea

Within a process study in the framework of the international GEOTRACES program and led by the Institute of Oceanology of the Polish Academy of Sciences (IOPAN) a two-week cruise on the R/V Oceania sailed in November 2011 to investigate the distribution of trace elements and their isotopes in the Baltic Sea. The scientific goals were particularly focused on compiling trace element budgets for the Baltic Sea including in- and outflow, as well as to investigate elemental behavior and isotopic fractionation associated with the redox gradients of the Baltic Sea water column and the permanently anoxic conditions within its deep basins (i.e. Gotland Deep, Landsort Deep). The Baltic Sea is a shallow, brackish inland sea with an average salinity of ~7 psu in the mixed layer. It is fed by the Bothnian Sea in the north, by the Finland Sea in the east, as well as by numerous rivers from Scandinavia and the Baltic states, and it is drained through the Danish Strait into the North Sea. In the opposite direction, a denser bottom water mass enters the Baltic Sea through deeper channels from the Danish Strait successively filling the deep basins northward. Below 130 m water depth, the water column is permanently anoxic. Here we present the first combined data set of Nd and Hf concentrations and isotopic compositions for the Baltic Sea. A total of 21 water samples (60L volume per sample) including two water column profiles from the deeper basins were filtered (0.45 μm) and Nd and Hf were extracted and analysed following the accepted GEOTRACES protocols. The distribution patterns of the two elements and their isotopic compositions are compared to hydrographic data and oxygen measurements and provide information on sources and mixing of water masses, as well as on exchange processes with the underlying sediments, which are influenced by the prevailing redox gradients

The Equivariant Chow rings of quot schemes

We give a presentation for the (integral) torus-equivariant Chow ring of the quot scheme, a smooth compactification of the space of rational curves of degree d in the Grassmannian. For this presentation, we refine Evain's extension of the method of Goresky, Kottwitz, and MacPherson to express the torus-equivariant Chow ring in terms of the torus-fixed points and explicit relations coming from the geometry of families of torus-invariant curves. As part of this calculation, we give a complete description of the torus-invariant curves on the quot scheme and show that each family is a product of projective spaces.Comment: Revised slightly. Clarifed some statements and remove one straightforward proof. 26 pages, many .eps figure

Stability of the spin-1/21/2 kagome ground state with breathing anisotropy

We numerically study the spin-$1/2$ breathing kagome lattice. In this variation of the kagome Heisenberg antiferromagnet, the spins belonging to upward and downward facing triangles have different coupling strengths. Using the density matrix renormalization group (DMRG) method and exact diagonalization, we show that the kagome antiferromagnet spin liquid is extremely robust to this anisotropy. Materials featuring this anisotropy -- and especially the recently studied vanadium compound $[{\mathrm{NH}}_{4}{]}_{2}[{\mathbf{C}}_{7}{\mathbf{H}}_{14}\mathbf{N}][{\mathbf{V}}_{7}{\mathbf{O}}_{6}{\mathbf{F}}_{18}]$ (DQVOF) -- may thus be very good candidates to realize the much studied kagome spin liquid. Further, we closely examine the limit of strong breathing anisotropy and find indications of a transition to a nematic phase.Comment: 12 pages, 15 figure

Banking reforms, performance and risk in China

We investigate the impact of the banking reform started from 2005 on ownership structures in China on commercial banks’ profitability, efficiency and risk over the period 2000–2012, providing comprehensive evidence on the impact of banking reform in China. We find that banks on average tend to have higher profitability, lower risk and lower efficiency after the reforms, and the results are robust with our difference-in-difference approach. Our results also show that the Big 5 state-owned banks (SOCB) underperform banks with other types of ownership when risk is measured by non-performing loans (NPLs) over the entire study period but tend to have fewer NPLs than other banks during the post-reform period. Our results provide some supporting evidence on the ongoing banking reforms in China, suggesting that attracting strategic foreign investors and listing SOCBs on stock exchanges appear to be effective ways to help SOCBs deal with the problem of NPLs and manage their risk

Detection of Symmetry Enriched Topological Phases

Topologically ordered systems in the presence of symmetries can exhibit new structures which are referred to as symmetry enriched topological (SET) phases. We introduce simple methods to detect the SET order directly from a complete set of topologically degenerate ground state wave functions. In particular, we first show how to directly determine the characteristic symmetry fractionalization of the quasiparticles from the reduced density matrix of the minimally entangled states. Second, we show how a simple generalization of a non-local order parameter can be measured to detect SETs. The usefulness of the proposed approached is demonstrated by examining two concrete model states which exhibit SET: (i) a spin-1 model on the honeycomb lattice and (ii) the resonating valence bond state on a kagome lattice. We conclude that the spin-1 model and the RVB state are in the same SET phases

Remainder terms in the fractional Sobolev inequality

We show that the fractional Sobolev inequality for the embedding $\H \hookrightarrow L^{\frac{2N}{N-s}}(\R^N)$, $s \in (0,N)$ can be sharpened by adding a remainder term proportional to the distance to the set of optimizers. As a corollary, we derive the existence of a remainder term in the weak $L^{\frac{N}{N-s}}$-norm for functions supported in a domain of finite measure. Our results generalize earlier work for the non-fractional case where $s$ is an even integer.Comment: 13 page