5,912 research outputs found
Dynamical Mass Generation for Non-Abelian Gauge Fields without the Higgs
We present an alternative to the Higgs mechanism to generate masses for
non-abelian gauge fields in (3+1)-dimensions. The initial Lagrangian is
composed of a fermion with current-current and dipole-dipole type
self-interactions minimally coupled to non-abelian gauge fields. The mass
generation occurs upon the fermionic functional integration. We show that by
fine-tuning the coupling constants the effective theory contains massive
non-abelian gauge fields without any residual scalars or other degrees of
freedom.Comment: 14 pages, UdeM-LPN-TH-94-194, CRM-216
Common and Fundamental Factors in Stock Returns of Canadian Oil and Gas Companies
In this paper, we assess the determinants of Canadian oil and gas stocks returns. We find that the stock return of Canadian energy stock is positively associated with returns on the Canadian stock market, appreciations of crude oil and natural gas prices, growth in internal cash flows and proven reserves, and negatively with interest rates. Surprisingly, however, production volume and a weakening of the Canadian dollar against the U.S. dollar have a negative impact. This latter impact is more pronounced for oil producers than for integrated energy companies. Finally, we find that the influence of the exchange rate, the market return and prices of natural gas on Canadian oil and gas stocks changes significantly over the years 1995-1998 and 2000-2002. Le but de cet article est de mesurer ce qui influence le rendement des actions d'entreprises pétrolières et gazières canadiennes. Nous trouvons que le rendement des actions de ces entreprises énergétiques est influencé positivement par le rendement du marché canadien dans son ensemble, par une appréciation du prix du pétrole et du gaz naturel, par une croissance dans les flux monétaires discrétionnaires de l'entreprise, par la quantité de réserves prouvées de l'entreprise. Nous trouvons également que le volume de production et une dépréciation du dollar canadien par rapport à la devise américaine réduit sensiblement le rendement des titres énergétiques, ce qui va à l'encontre de notre hypothèse initiale. L'impact du taux de change est encore plus marqué pour les producteurs indépendants que pour les entreprises intégrées. En dernier lieu, nous montrons que le marché a subi une cassure significative entre les années 1995-1998 et 2000-2002, spécialement pour ce qui est de l'impact du taux de change, du rendement de marché et du pris du gaz naturel.stock return valuation, panel data analysis, oil and gas industry, rendement des actions, analyse de données transversales, industrie pétrolière et gazière
Moment and SDP relaxation techniques for smooth approximations of problems involving nonlinear differential equations
Combining recent moment and sparse semidefinite programming (SDP) relaxation
techniques, we propose an approach to find smooth approximations for solutions
of problems involving nonlinear differential equations. Given a system of
nonlinear differential equations, we apply a technique based on finite
differences and sparse SDP relaxations for polynomial optimization problems
(POP) to obtain a discrete approximation of its solution. In a second step we
apply maximum entropy estimation (using moments of a Borel measure associated
with the discrete solution) to obtain a smooth closed-form approximation. The
approach is illustrated on a variety of linear and nonlinear ordinary
differential equations (ODE), partial differential equations (PDE) and optimal
control problems (OCP), and preliminary numerical results are reported
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