Photometric Redshift Biases from Galaxy Evolution

Proposed cosmological surveys will make use of photometric redshifts of galaxies that are significantly fainter than any complete spectroscopic redshift surveys that exist to train the photo-z methods. We investigate the photo-z biases that result from known differences between the faint and bright populations: a rise in AGN activity toward higher redshift, and a metallicity difference between intrinsically luminous and faint early-type galaxies. We find that even very small mismatches between the mean photometric target and the training set can induce photo-z biases large enough to corrupt derived cosmological parameters significantly. A metallicity shift of ~0.003dex in an old population, or contamination of any galaxy spectrum with ~0.2% AGN flux, is sufficient to induce a 10^-3 bias in photo-z. These results highlight the danger in extrapolating the behavior of bright galaxies to a fainter population, and the desirability of a spectroscopic training set that spans all of the characteristics of the photo-z targets, i.e. extending to the 25th mag or fainter galaxies that will be used in future surveys

MODEL SELECTION WITH TEMPORAL AND SPATIAL AGGREGATION: ALTERNATIVE MARKETING MARGIN MODELS

Marketing,

State tax revenue growth and volatility

Macroeconomic conditions and tax structures jointly determine the growth and volatility of state tax revenues. Since a variety of economic conditions exist among states, government policymakers should carefully anticipate and consider the possible impacts of proposed tax reform and revenue enhancements on the long-term growth and volatility of their unique tax revenue portfolios. In the short run, states generally cannot alter the volatility and growth rates of their economies. They can, however, change the composition of their tax portfolios to minimize the effects of the business cycle on their fiscal health. For this reason, state officials need to consider the natural tendencies of their economies when formulating tax policy. For example, states with volatile economies might want tax portfolios that minimize the impact of national macroeconomic trends; those with stable economies might consider adopting more aggressive tax portfolios that optimize their tax revenue growth/volatility combinations.Taxation ; State finance ; Revenue

Chronic Dermal Ulcer Healing Enhanced with Monophasic Pulsed Electrical Stimulation

The purposes of this randomized, double-blind, multicenter study were to compare healing of chronic dermal ulcers treated with pulsed electrical stimulation with healing of similar wounds treated with sham electrical stimulation and to evaluate patient tolerance to the therapeutic protocol. Forty-seven patients, aged 29 to 91 years, with 50 stage II, III, and IV ulcers were randomly assigned to either a treatment group (n=26) or a control (sham treatment) group (n=24). Treated wounds received 30 minutes of pulsed cathodal electrical stimulation twice daily at a pulse frequency of 128 pulses per second (pps) and a peak amplitude of 29.2 mA if the wound contained necrotic tissue or any drainage that was not serosanguinous. A saline-moistened nontreatment electrode was applied 30.5 cm (12 in) cephalad from the wound. This protocol was continued for 3 days after the wound was debrided or exhibited serosanguinous drainage. Thereafter, the polarity of the treatment electrode on the wound was changed every 3 days until the wound progressed to a stage II classification. The pulse frequency was then reduced to 64 pps, and the treatment electrode polarity was changed daily until the wound was healed. Patients in the control group were treated with the same protocol, except they received sham electrical stimulation. After 4 weeks, wounds in the treatment and control groups were 44% and 67% of their initial size, respectively. The healing rates per week for the treatment and control groups were 14% and 8.25%, respectively. The results of this study indicate that pulsed electrical stimulation has a beneficial effect on healing stage II, III, and IV chronic dermal ulcers

Arthropod diversity in peas with normal or reduced waxy bloom

Crop traits can alter economically important interactions between plants, pests, and biological control agents. For example, a reduced waxy bloom on the surface of pea plants alters interactions between pea aphids and their natural enemies. In this study, we assess whether the effect of wax reduction extends beyond the 2 or 3 arthropod species closely associated with the plants and into the structure of the broader arthropod community of over 200 taxa at our site. We sampled arthropods on lines of peas with normal and reduced wax in Latah Co., Idaho using pitfall traps within randomly assigned pairs of 5 × 5 meter plots. During the 1998 and 1999 growing seasons, we collected 12,113 individual arthropods from 221 unambiguously identified morphospecies. The number of individuals collected from each morphospecies responded idiosyncratically to the reduced wax peas. To test whether arthropod community structure differed between the collections from plots having peas with normal or reduced wax, we performed a randomization test. The collection from peas with reduced wax had higher species evenness and thus higher community diversity despite having lower species richness. Our results demonstrate the potential of a single plant trait, epicuticular wax, to affect a community of arthropods. Two pests of peas had opposite responses to peas with reduced wax. The number of pea aphids collected was greater from peas with normal wax peas than those with reduced wax. In contrast, the number of pea leaf weevils collected was greater from peas with reduced wax

The Efficiency of Private Universities As Measured By Graduation Rates

It is well known that human capital is enhanced by graduation from a college or university. How efficient are such institutions in conveying this mark of human capital? Efficiency and productivity in private higher education is measured by using undergraduate graduation rates as the output, and demographic variables, the quality of the students, and the annual expenditures (adjusted for academic mission) as inputs. Tests of several models using OLS and stochastic frontier analysis confirm that private schools can increase their graduation rates by increasing focused expenditures and through more selective admissions. Estimated elasticities are reported and point toward increasing expenditures as the most responsive method. Estimate graduation efficiencies of 93.0, 91.5, and near 100% are also reported for four, five and six year graduation rates respectively. A rank correlation with the U S News and World Report 2008 rankings is consistent with our measure of relative efficiencies

EVALUATING FARMLAND INVESTMENTS CONSIDERING DYNAMIC STOCHASTIC RETURNS AND FARMLAND PRICES

This paper examines farmland investment decisions using a stochastic dynamic programming framework. Consideration is given to the dynamic, stochastic nature of farmland returns, linkages between farmland returns and farmland prices, and the effects of the above dynamic factors on a farmÂ’s financial structure. Optimal decisions to purchase or sell farmland are found for a central Illinois farm with high quality farmland. Sizes and debt distributions are then determined, given that the optimal decision rule is followed. Decisions from the dynamic programming model also are compared to a capital budgeting model.Land Economics/Use,