THE PRICING EFFICIENCY OF AGRICULTURAL FUTURES MARKETS: AN ANALYSIS OF PREVIOUS RESEARCH RESULTS

The analysis examines quantitatively the findings of previous studies of the pricing efficiency of various agricultural markets using a logit framework. The findings provide insight into the importance of commodity characteristics, uncertainty, and testing procedures used on the results of past research of pricing efficiency. The study also identifies several areas for further research.Demand and Price Analysis,

Dynamics and evaporation of defects in Mott-insulating clusters of boson pairs

Repulsively bound pairs of particles in a lattice governed by the Bose-Hubbard model can form stable incompressible clusters of dimers corresponding to finite-size n=2 Mott insulators. Here we study the dynamics of hole defects in such clusters corresponding to unpaired particles which can resonantly tunnel out of the cluster into the lattice vacuum. Due to bosonic statistics, the unpaired particles have different effective mass inside and outside the cluster, and "evaporation" of hole defects from the cluster boundaries is possible only when their quasi-momenta are within a certain transmission range. We show that quasi-thermalization of hole defects occurs in the presence of catalyzing particle defects which thereby purify the Mott insulating clusters. We study the dynamics of one-dimensional system using analytical techniques and numerically exact t-DMRG simulations. We derive an effective strong-interaction model that enables simulations of the system dynamics for much longer times. We also discuss a more general case of two bosonic species which reduces to the fermionic Hubbard model in the strong interaction limit.Comment: 12 pages, 10 figures, minor update

Resonant two-photon ionization spectroscopy of jet-cooled OsN: 520?418 nm

Journal ArticleThe optical transitions of supersonically cooled OsN have been investigated in the range from 19 200 to 23 900 cm?1 using resonant two-photon ionization spectroscopy. More than 20 vibronic bands were observed, 17 of which were rotationally resolved and analyzed. The ground state is confirmed to be 2?5/2, deriving from the 1?2 2?2 1?4 1?3 3?2 electronic configuration. The X 2?5/2 ground state rotational constant for 192Os14N was found to be B0 = 0.491921(34) cm?1, giving r0 = 1.62042(6) ? (1? error limits). The observed bands were grouped into three band systems with ?" = 7/2 and four with ?" = 3/2, corresponding to the three 2?7/2 and four 2?3/2 states expected from the 1?2 2?2 1?4 1?3 3?1 2?1 and 1?2 2?2 1?4 1?2 3?2 2?1 electronic configurations. In addition, two interacting upper states with ?"= 5/2 were observed, one of which is thought to correspond to a 1?2 2?2 1?3 1?3 3?2 2?1, 2?5/2 state. Spectroscopic constants are reported for all of the observed states, and comparisons to related molecules are made. The ionization energy of OsN is estimated as IE(OsN) = 8.80 ? 0.06 eV

Weak positive cloud-to-ground flashes in Northeastern Colorado

The frequency distributions of the peak magnetic field associated with the first detected return stroke of positive and negative cloud-to-ground (CG) flashes were studied using lightning data from northeastern Colorado. These data were obtained during 1985 with a medium-to-high gain network of three direction finders (DF's). The median signal strength of positive flashes was almost two times that of the negatives for flashes within 300 km of the DF's, which have an inherent detection-threshold bias that tends to discriminate against weak signals. This bias increases with range, and affects the detection of positive and negative flashes in different ways, because of the differing character of their distributions. Positive flashes appear to have a large percentage of signals clustered around very weak values that are lost to the medium-to-high gain Colorado Detection System very quickly with increasing range. The resulting median for positive signals could thus appear to be much larger than the median for negative signals, which are more clustered around intermediate values. When only flashes very close to the DF's are considered, however, the two distributions have almost identical medians. The large percentage of weak positive signals detected close to the DF's has not been explored previously. They have been suggested to come from intracloud discharges and thus are improperly classified as CG flashes. Evidence in hand, points to their being real positive, albeit weak CG flashes. Whether or not they are real positive ground flashes, it is important to be aware of their presence in data from magnetic DF networks

Ecological host fitting of Trypanosoma cruzi TcI in Bolivia: mosaic population structure, hybridization and a role for humans in Andean parasite dispersal.

An improved understanding of how a parasite species exploits its genetic repertoire to colonize novel hosts and environmental niches is crucial to establish the epidemiological risk associated with emergent pathogenic genotypes. Trypanosoma cruzi, a genetically heterogeneous, multi-host zoonosis, provides an ideal system to examine the sylvatic diversification of parasitic protozoa. In Bolivia, T. cruzi I, the oldest and most widespread genetic lineage, is pervasive across a range of ecological clines. High-resolution nuclear (26 loci) and mitochondrial (10 loci) genotyping of 199 contemporaneous sylvatic TcI clones was undertaken to provide insights into the biogeographical basis of T. cruzi evolution. Three distinct sylvatic parasite transmission cycles were identified: one highland population among terrestrial rodent and triatomine species, composed of genetically homogenous strains (Ar = 2.95; PA/L = 0.61; DAS = 0.151), and two highly diverse, parasite assemblages circulating among predominantly arboreal mammals and vectors in the lowlands (Ar = 3.40 and 3.93; PA/L = 1.12 and 0.60; DAS = 0.425 and 0.311, respectively). Very limited gene flow between neighbouring terrestrial highland and arboreal lowland areas (distance ~220 km; FST = 0.42 and 0.35) but strong connectivity between ecologically similar but geographically disparate terrestrial highland ecotopes (distance >465 km; FST = 0.016-0.084) strongly supports ecological host fitting as the predominant mechanism of parasite diversification. Dissimilar heterozygosity estimates (excess in highlands, deficit in lowlands) and mitochondrial introgression among lowland strains may indicate fundamental differences in mating strategies between populations. Finally, accelerated parasite dissemination between densely populated, highland areas, compared to uninhabited lowland foci, likely reflects passive, long-range anthroponotic dispersal. The impact of humans on the risk of epizootic Chagas disease transmission in Bolivia is discussed

Exact Matrix Product States for Quantum Hall Wave Functions

We show that the model wave functions used to describe the fractional quantum Hall effect have exact representations as matrix product states (MPS). These MPS can be implemented numerically in the orbital basis of both finite and infinite cylinders, which provides an efficient way of calculating arbitrary observables. We extend this approach to the charged excitations and numerically compute their Berry phases. Finally, we present an algorithm for numerically computing the real-space entanglement spectrum starting from an arbitrary orbital basis MPS, which allows us to study the scaling properties of the real-space entanglement spectra on infinite cylinders. The real-space entanglement spectrum obeys a scaling form dictated by the edge conformal field theory, allowing us to accurately extract the two entanglement velocities of the Moore-Read state. In contrast, the orbital space spectrum is observed to scale according to a complex set of power laws that rule out a similar collapse.Comment: 10 pages and Appendix, v3 published versio

Cosmological Parameters from the Comparison of the 2MASS Gravity Field with Peculiar Velocity Surveys

We compare the peculiar velocity field within 65 $h^{-1}$ Mpc predicted from 2MASS photometry and public redshift data to three independent peculiar velocity surveys based on type Ia supernovae, surface brightness fluctuations in ellipticals, and Tully-Fisher distances to spirals. The three peculiar velocity samples are each in good agreement with the predicted velocities and produce consistent results for \beta_{K}=\Omega\sbr{m}^{0.6}/b_{K}. Taken together the best fit $\beta_{K} = 0.49 \pm 0.04$. We explore the effects of morphology on the determination of $\beta$ by splitting the 2MASS sample into E+S0 and S+Irr density fields and find both samples are equally good tracers of the underlying dark matter distribution, but that early-types are more clustered by a relative factor b\sbr{E}/b\sbr{S} \sim 1.6. The density fluctuations of 2MASS galaxies in $8 h^{-1}$ Mpc spheres in the local volume is found to be \sigma\sbr{8,K} = 0.9. From this result and our value of $\beta_{K}$, we find \sigma_8 (\Omega\sbr{m}/0.3)^{0.6} = 0.91\pm0.12. This is in excellent agreement with results from the IRAS redshift surveys, as well as other cosmological probes. Combining the 2MASS and IRAS peculiar velocity results yields \sigma_8 (\Omega\sbr{m}^/0.3)^{0.6} = 0.85\pm0.05.Comment: 11 pages, ApJ accepte