1,343 research outputs found

    The Quest for Status and Endogenous Labor Supply. The Relative Wealth Framework

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    This paper introduces the quest for status into the Ramsey model with endogenous labor supply. We focus our attention on relative wealth preferences. In contrast to relative consumption preferences, they allow for the possibility that agents work too little in the long run, while under both specifications the steady-state levels of consumption and the stock of physical capital exceed their socially optimal counterparts. The initial phase of transitional dynamics is unambiguously characterized by under-consumption and excessive work effort. The social optimum can be replicated by taxing capital income, where the optimal tax rate increases as physical capital accumulates.Status, Relative consumption, Relative wealth, Endogenous labor supply

    The Quest for Status and Endogenous Labor Supply: The Relative Wealth Framework

    Get PDF
    This paper introduces the quest for status into the Ramsey model with endogenous labor supply. We focus our attention on relative wealth preferences. In contrast to relative consumption preferences, they allow for the possibility that agents work too little in the long run, while under both specifications the steady-state levels of consumption and the stock of physical capital exceed their socially optimal counterparts. The initial phase of transitional dynamics is unambiguously characterized by under-consumption and excessive work effort. The social optimum can be replicated by taxing capital income, where the optimal tax rate increases as physical capital accumulates.Status, Relative Consumption, Relative Wealth, Endogenous Labor Supply

    Spin glass models with Kac interactions

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    In this paper I will review my work on disordered systems -spin glass model with two body and p>2p>2 body interactions- with long but finite interaction range RR. I will describe the relation of these model with Mean Field Theory in the Kac limit and some attempts to go beyond mean field.Comment: Proceedings of the Stat-phys23 conferenc

    Modeling microevolution in a changing environment: The evolving quasispecies and the Diluted Champion Process

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    Several pathogens use evolvability as a survival strategy against acquired immunity of the host. Despite their high variability in time, some of them exhibit quite low variability within the population at any given time, a somehow paradoxical behavior often called the evolving quasispecies. In this paper we introduce a simplified model of an evolving viral population in which the effects of the acquired immunity of the host are represented by the decrease of the fitness of the corresponding viral strains, depending on the frequency of the strain in the viral population. The model exhibits evolving quasispecies behavior in a certain range of its parameters, ans suggests how punctuated evolution can be induced by a simple feedback mechanism.Comment: 15 pages, 12 figures. Figures redrawn, some additional clarifications in the text. To appear in Journal of Statistical Mechanics: Theory and Experimen

    Ultrametricity in 3D Edwards-Anderson spin glasses

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    We perform an accurate test of Ultrametricity in the aging dynamics of the three dimensional Edwards-Anderson spin glass. Our method consists in considering the evolution in parallel of two identical systems constrained to have fixed overlap. This turns out to be a particularly efficient way to study the geometrical relations between configurations at distant large times. Our findings strongly hint towards dynamical ultrametricity in spin glasses, while this is absent in simpler aging systems with domain growth dynamics. A recently developed theory of linear response in glassy systems allows to infer that dynamical ultrametricity implies the same property at the level of equilibrium states.Comment: 4 pages, 5 figure

    Quantum Phase Transition in Lattice Model of Unconventional Superconductors

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    In this paper we shall introduce a lattice model of unconventional superconductors (SC) like d-wave SC in order to study quantum phase transition at vanishing temperature (TT). Finite-TT counterpart of the present model was proposed previously with which SC phase transition at finite TT was investigated. The present model is a noncompact U(1) lattice-gauge-Higgs model in which the Higgs boson, the Cooper-pair field, is put on lattice links in order to describe d-wave SC. We first derive the model from a microscopic Hamiltonian in the path-integral formalism and then study its phase structure by means of the Monte Carlo simulations. We calculate the specific heat, monopole densities and the magnetic penetration depth (the gauge-boson mass). We verified that the model exhibits a second-order phase transition from normal to SC phases. Behavior of the magnetic penetration depth is compared with that obtained in the previous analytical calculation using XY model in four dimensions. Besides the normal to SC phase transition, we also found that another second-order phase transition takes place within the SC phase in the present model. We discuss physical meaning of that phase transition.Comment: 12 pages, 10 figures, references added, some discussion on the results adde

    On Mean Field Glassy Dynamics out of Equilibrium

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    We study the off equilibrium dynamics of a mean field disordered systems which can be interpreted both as a long range interaction spin glass and as a particle in a random potential. The statics of this problem is well known and exhibits a low temperature spin glass phase with continuous replica symmetry breaking. We study the equations of off equilibrium dynamics with analytical and numerical methods. In the spin glass phase, we find that the usual equilibrium dynamics (observed when the observation time is much smaller than the waiting time) coexists with an aging regime. In this aging regime, we propose a solution implying a hierarchy of crossovers between the observation time and the waiting time.Comment: LaTeX, LPTENS preprint 94/0
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