Transversity Distribution Does Not Contribute to Hard Exclusive Electroproduction of Mesons

We show that in hard exclusive electroproduction, ep-->eVp, the leading-twist hard-scattering coefficient for the production of a transversely polarized vector meson V vanishes to all orders of perturbation theory. This implies that this process cannot be used to measure the skewed transversity distribution of quarks in a hadron. In contrast, a recent calculation obtained a non-zero value at NLO. We show that this calculation is incorrect because it failed to include the necessary collinear subtractions. Our method of proof also applies to other processes whose hard-scattering coefficients are constrained by chirality and helicity conservation, and thus validates helicity selection rules based on these symmetries.Comment: 5 pages, 3 figures, ReVTe

QCD Factorization for Semi-Inclusive Deep-Inelastic Scattering at Low Transverse Momentum

We demonstrate a factorization formula for semi-inclusive deep-inelastic scattering with hadrons in the current fragmentation region detected at low transverse momentum. To facilitate the factorization, we introduce the transverse-momentum dependent parton distributions and fragmentation functions with gauge links slightly off the light-cone, and with soft-gluon radiations subtracted. We verify the factorization to one-loop order in perturbative quantum chromodynamics and argue that it is valid to all orders in perturbation theory.Comment: 28 pages, figures include

Investor Protection and the Value Effects of Bank Merger Announcements in Europe and the US

Investor protection regimes have been shown to partly explain why the same type of corporate event may attract different investor reactions across countries. We compare the value effects of large bank merger announcements in Europe and the US and find an inverse relationship between the level of investor protection prevalent in the target country and abnormal returns that bidders realize during the announcement period. Accordingly, bidding banks realize higher returns when targeting low protection economies (most European economies) than bidders targeting institutions which operate under a high investor protection regime (the US). We argue that bidding bank shareholders need to be compensated for an increased risk of expropriation by insiders which they face in a low protection environment where takeover markets are illiquid and there are high private benefits of control

The space-time structure of hard scattering processes

Recent studies of exclusive electroproduction of vector mesons at JLab make it possible for the first time to play with two independent hard scales: the virtuality Q^2 of the photon, which sets the observation scale, and the momentum transfer t to the hadronic system, which sets the interaction scale. They reinforce the description of hard scattering processes in terms of few effective degrees of freedom relevant to the Jlab-Hermes energy range.Comment: 4 pages; 5 figure

Momentum Flow Correlations from Event Shapes: Factorized Soft Gluons and Soft-Collinear Effective Theory

The distributions of two-jet event shapes contain information on hadronization in QCD. Near the two-jet limit, these distributions can be described by convolutions of nonperturbative event shape functions with the same distributions calculated in resummed perturbation theory. The shape functions, in turn, are determined by correlations of momentum flow operators with each other and with light-like Wilson lines, which describe the coupling of soft, wide-angle radiation to jets. We observe that leading power corrections to the mean values of event shapes are determined by the correlation of a single momentum flow operator with the relevant Wilson lines. This generalizes arguments for the universality of leading power corrections based on the low-scale behavior of the running coupling or resummation. We also show how a study of the angularity event shapes can provide information on correlations involving multiple momentum flow operators, giving a window to the system of QCD dynamics that underlies the variety of event shape functions. In deriving these results, we review, develop and compare factorization techniques in conventional perturbative QCD and soft-collinear effective theory (SCET). We give special emphasis to the elimination of double counting of momentum regions in these two formalisms.Comment: 25 pages revtex

Relative distributions of W's and Z's at low transverse momenta

Despite large uncertainties in the $W^\pm$ and $Z^0$ transverse momentum ($q_T$) distributions for q_T\lsim 10 GeV, the ratio of the distributions varys little. The uncertainty in the ratio of $W$ to $Z$ $q_T$ distributions is on the order of a few percent, independent of the details of the nonperturbative parameterization.Comment: 13 pages in revtex, 5 postscript figures available upon request, UIOWA-94-0

Dark matter cores all the way down

We use high resolution simulations of isolated dwarf galaxies to study the physics of dark matter cusp-core transformations at the edge of galaxy formation: M200 = 10^7 - 10^9 Msun. We work at a resolution (~4 pc minimum cell size; ~250 Msun per particle) at which the impact from individual supernovae explosions can be resolved, becoming insensitive to even large changes in our numerical 'sub-grid' parameters. We find that our dwarf galaxies give a remarkable match to the stellar light profile; star formation history; metallicity distribution function; and star/gas kinematics of isolated dwarf irregular galaxies. Our key result is that dark matter cores of size comparable to the stellar half mass radius (r_1/2) always form if star formation proceeds for long enough. Cores fully form in less than 4 Gyrs for the M200 = 10^8 Msun and 14 Gyrs for the 10^9 Msun dwarf. We provide a convenient two parameter 'coreNFW' fitting function that captures this dark matter core growth as a function of star formation time and the projected stellar half mass radius. Our results have several implications: (i) we make a strong prediction that if LCDM is correct, then 'pristine' dark matter cusps will be found either in systems that have truncated star formation and/or at radii r > r_1/2; (ii) complete core formation lowers the projected velocity dispersion at r_1/2 by a factor ~2, which is sufficient to fully explain the 'too big to fail problem'; and (iii) cored dwarfs will be much more susceptible to tides, leading to a dramatic scouring of the subhalo mass function inside galaxies and groups.Comment: 20 pages; 9 figures; final version to appear in MNRAS including typos corrected in proo

NLO corrections in MC event generator for angular distribution of Drell-Yan lepton pair production

Using a subtraction method, we derive the formulae suitable for use in Monte-Carlo event generators to give the angular distribution for the gluon-quark induced NLO corrections in Drell-Yan lepton pair production. We also give the corresponding helicity density matrix for W and Z boson production.Comment: 14 pages, 2 figure

Flexible Decision Control in an Autonomous Trading Agent

An autonomous trading agent is a complex piece of software that must operate in a competitive economic environment and support a research agenda. We describe the structure of decision processes in the MinneTAC trading agent, focusing on the use of evaluators – configurable, composable modules for data analysis and prediction that are chained together at runtime to support agent decision-making. Through a set of examples, we show how this structure supports sales and procurement decisions, and how those decision processes can be modified in useful ways by changing evaluator configurations. To put this work in context, we also report on results of an informal survey of agent design approaches among the competitors in the Trading Agent Competition for Supply Chain Management (TAC SCM).autonomous trading agent;decision processes