Uniform asymptotics of the coefficients of unitary moment polynomials

Keating and Snaith showed that the $2k^{th}$ absolute moment of the characteristic polynomial of a random unitary matrix evaluated on the unit circle is given by a polynomial of degree $k^2$. In this article, uniform asymptotics for the coefficients of that polynomial are derived, and a maximal coefficient is located. Some of the asymptotics are given in explicit form. Numerical data to support these calculations are presented. Some apparent connections between random matrix theory and the Riemann zeta function are discussed.Comment: 31 pages, 1 figure, 2 tables. A few minor misprints fixe

Addressing the Global Tragedy of Needless Pain: Rethinking the United Nations Single Convention on Narcotic Drugs

The lack of medical availability of effective pain medication is an enduring and expanding global health calamity. Despite important medical advances, pain remains severely under-treated worldwide, particularly in developing countries. This article contributes to the discussion of this global health crisis by considering international legal and institutional mechanisms to promote wider accessibility to critical narcotic drugs for pain relief

A Bit-String Model for Biological Aging

We present a simple model for biological aging. We studied it through computer simulations and we have found this model to reflect some features of real populations.Comment: LaTeX file, 4 PS figures include

Fiscal policy and indeterminacy in models of endogenous growth

This paper investigates the dynamic behavior of two-sector models of endogenous growth with sector-specific external effects, and government expenditure financed by distortionary taxation. When this type of external effect is combined with a sufficient degree of capital taxation in a Lucas–Uzawa endogenous growth model, continua of equilibria will emerge in the region of the balanced growth paths. By contrast, indeterminacy is not possible when either sector-specific external effects or factor taxation are added to the model in isolation. In the second part of the paper, we demonstrate that if labor supply is endogenous, indeterminacy can be consistent with much lower degrees of increasing returns to scale. Furthermore, certain types of fiscal policy will be associated with multiple balanced growth paths and the existence of a poverty trap. Finally, in the last part of the paper, we demonstrate that if physical capital is employed in both sectors of the economy, indeterminacy will emerge for varying combinations of factor taxation and external effects, even when returns to scale are constant at the social level

The Cosmic Carbon Footprint of Massive Stars Stripped in Binary Systems

The cosmic origin of carbon, a fundamental building block of life, is still uncertain. Yield predictions for massive stars are almost exclusively based on single-star models, even though a large fraction interact with a binary companion. Using the MESA stellar evolution code, we predict the amount of carbon ejected in the winds and supernovae of single and binary-stripped stars at solar metallicity. We find that binary-stripped stars are twice as efficient at producing carbon (1.5–2.6 times, depending on choices regarding the slope of the initial mass function and black hole formation). We confirm that this is because the convective helium core recedes in stars that have lost their hydrogen envelope, as noted previously. The shrinking of the core disconnects the outermost carbon-rich layers created during the early phase of helium burning from the more central burning regions. The same effect prevents carbon destruction, even when the supernova shock wave passes. The yields are sensitive to the treatment of mixing at convective boundaries, specifically during carbon-shell burning (variations up to 40%), and improving upon this should be a central priority for more reliable yield predictions. The yields are robust (variations less than 0.5%) across our range of explosion assumptions. Black hole formation assumptions are also important, implying that the stellar graveyard now explored by gravitational-wave detections may yield clues to better understand the cosmic carbon production. Our findings also highlight the importance of accounting for binary-stripped stars in chemical yield predictions and motivates further studies of other products of binary interactions

Turnover, account value and diversification of real traders: evidence of collective portfolio optimizing behavior

Despite the availability of very detailed data on financial market, agent-based modeling is hindered by the lack of information about real trader behavior. This makes it impossible to validate agent-based models, which are thus reverse-engineering attempts. This work is a contribution to the building of a set of stylized facts about the traders themselves. Using the client database of Swissquote Bank SA, the largest on-line Swiss broker, we find empirical relationships between turnover, account values and the number of assets in which a trader is invested. A theory based on simple mean-variance portfolio optimization that crucially includes variable transaction costs is able to reproduce faithfully the observed behaviors. We finally argue that our results bring into light the collective ability of a population to construct a mean-variance portfolio that takes into account the structure of transaction costsComment: 26 pages, 9 figures, Fig. 8 fixe

Complementarity and diversity in a soluble model ecosystem

Complementarity among species with different traits is one of the basic processes affecting biodiversity, defined as the number of species in the ecosystem. We present here a soluble model ecosystem in which the species are characterized by binary traits and their pairwise interactions follow a complementarity principle. Manipulation of the species composition, and so the study of its effects on the species diversity is achieved through the introduction of a bias parameter favoring one of the traits. Using statistical mechanics tools we find explicit expressions for the allowed values of the equilibrium species concentrations in terms of the control parameters of the model