Pricing and trust

We experimentally examine the effects of flexible and fixed prices in markets for experience goods in which demand is driven by trust. With flexible prices, we observe low prices and high quality in competitive (oligopolistic) markets, and high prices coupled with low quality in non-competitive (monopolistic) markets. We then introduce a regulated intermediate price above the oligopoly price and below the monopoly price. In monopolies volume increases and so does quality, such that overall efficiency is raised by 50%. Somewhat surprisingly, the same pattern emerges in oligopolies. In fact, across all market forms transaction volume and traded quality are maximal in regulated oligopolies

Competition fosters trust

We study the effects of reputation and competition in a stylized market for experience goods. If interaction is anonymous, such markets perform poorly: sellers are not trustworthy, and buyers do not trust sellers. If sellers are identifiable and can, hence, build a reputation, efficiency quadruples but is still at only a third of the first best. Adding more information by granting buyers access to all sellers’ complete history has, somewhat surprisingly, no effect. On the other hand, we find that competition, coupled with some minimal information, eliminates the trust problem almost completely

Learning trust

We examine the effects of different forms of feedback information on the performance of markets that suffer from moral hazard problems due to sequential exchange. As orthodox theory would predict, we find that providing buyers with information about sellers' trading history boosts market performance. More surprisingly, this beneficial effect of incentives for reputation building is considerably enhanced if sellers, too, can observe other sellers' trading history. This suggests that two-sided market transparency is an important ingredient for the design of well-functioning markets that are prone to moral hazard

Effects of word frequency and contextual predictability on sentence reading in aphasia: An eye movement analysis

Background: Mild reading difficulties are a pervasive symptom of aphasia. While much research in aphasia has been devoted to the study of single word reading, little is known about the process of (silent) sentence reading. Reading research in the non-brain-damaged population has benefited from the use of eye-tracking methodology, allowing inferences on cognitive processing without participants making an articulatory response. This body of research identified two factors, which strongly influence reading at the sentence level: word frequency and contextual predictability (influence of context). Aims: The main aim of this study was to investigate whether word frequency and contextual predictability influence sentence reading by people with aphasia (PWA), in parallel to that of neurologically healthy individuals (NHI). A second aim was to examine whether readers with aphasia show individual differences in the effects, and whether these are related to their underlying language profile. Methods & Procedures: Seventeen PWA and associated mild reading difficulties and 20 NHI took part in this study. Individuals with aphasia completed a range of language assessments. For the eye-tracking experiment, participants silently read sentences that included target words varying in word frequency and predictability while their eye movements were recorded. Comprehension accuracy, fixation durations, and the probability of first-pass fixations and first-pass regressions were measured. Outcomes & Results: Eye movements by both groups were significantly influenced by word frequency and predictability, but the predictability effect was stronger for the PWA than the neurologically healthy participants. Additionally, effects of word frequency and predictability were independent for the NHI, but the individuals with aphasia showed a more interactive pattern. Correlational analyses revealed (i) a significant relationship between lexical-semantic impairments and the word frequency effect score and (ii) a marginally significant association between the sentence comprehension skills and the predictability effect score. Conclusions: Consistent with compensatory processing theories, these findings indicate that decreased reading efficiency may trigger a more interactive reading strategy that aims to compensate for poorer reading by putting more emphasis on a sentence context, particularly for low-frequency words. For those individuals who have difficulties applying the strategy automatically, using a sentence context could be a beneficial strategy to focus on in reading intervention

Electrical control of the exciton-biexciton splitting in a single self-assembled InGaAs quantum dots

We report on single InGaAs quantum dots embedded in a lateral electric field device. By applying a voltage we tune the neutral exciton transition into resonance with the biexciton using the quantum confined Stark effect. The results are compared to theoretical calculations of the relative energies of exciton and biexciton. Cascaded decay from the manifold of single exciton-biexciton states has been predicted to be a new concept to generate entangled photon pairs on demand without the need to suppress the fine structures splitting of the neutral exciton

The (mis)identification of high-latitude dust events using remote sensing methods in the Yukon, Canada: a sub-daily variability analysis

The observation and quantification of mineral dust fluxes from high-latitude sources remains difficult due to a known paucity of year-round in situ observations and known limitations of satellite remote sensing data (e.g. cloud cover and dust detection). Here we explore the chronology of dust emissions at a known and instrumented high-latitude dust source: Lhù'ààn Mân (Kluane Lake) in Yukon, Canada. At this location we use oblique time-lapse (RC) cameras as a baseline for analysis of aerosol retrievals from in situ metrological data, AERONET, and co-incident MODIS MAIAC to (i) investigate the daily to annual chronology of dust emissions recorded by these instrumental and remote sensing methods (at timescales ranging from minutes to years) and (ii) use data intercomparisons to comment on the principal factors that control the detection of dust in each case. Lhù'ààn Mân is a prolific mineral dust source; on 24 May 2018 the RC captured dust in motion throughout the entire day, with the longest dust-free period lasting only 30 min. When compared with time series of RC data, optimized AERONET data only manage an overall 26 % detection rate for events (sub-day) but 100 % detection rate for dust event days (DEDs) when dust was within the field of view. In this instance, RC and remote sensing data were able to suggest that the low event detection rate was attributed to fundamental variations in dust advection trajectory, dust plume height, and inherent restrictions in sun angle at high latitudes. Working with a time series of optimized aerosol optical depth (AOD) data (covering 2018/2019), we were able to investigate the gross impacts of data quality (DQ) choice on DED detection at the month or year scale. Relative to ground observations, AERONET's DQ2.0 cloud-screening algorithm may remove as much as 97 % of known dust events (3 % detection). Finally, when undertaking an AOD comparison for DED and non-DED retrievals, we find that cloud screening of MODIS/AERONET lead to a combined low sample of co-incident dust events and weak correlations between retrievals. Our results quantify and explain the extent of under-representation of dust in both ground and space remote sensing methods; this is a factor that impacts on the effective calibration and validation of global climate and dust models

Anomalous Periodicity of the Current-Phase Relationship of Grain-Boundary Josephson Junctions in High-Tc Superconductors

The current-phase relation (CPR) for asymmetric 45 degree Josephson junctions between two d-wave superconductors has been predicted to exhibit an anomalous periodicity. We have used the single-junction interferometer to investigate the CPR for this kind of junctions in YBCO thin films. Half-fluxon periodicity has been experimentally found, providing a novel source of evidence for the d-wave symmetry of the pairing state of the cuprates.Comment: 4 pages, 5 figure

Half-Periodic Josephson Effect in an s-Wave Superconductor - Normal Metal -d-Wave Superconductor Junction

We predict that the Josephson current in a clean s-wave superconductor-normal metal-d-wave superconductor junction is periodic in superconducting phase difference $\phi$ with period $\pi$ instead of $2\pi$. The frequency of non-stationary Josephson effect is correspondingly $2\omega_J = 4eV.$ The effect is due to coexistence in the normal layer of current carrying Andreev levels with phase differences $\phi$ and $\phi+\pi.$Comment: 4 pages, REVTeX, 3 figure

Quantum Interference of Coulomb Interaction and Disorder: Phase Shift of Friedel Oscillations and an Instability of the Fermi Sea

We investigate the influence of interference between Coulomb interaction and impurity scattering on the static electronic response $\chi (0,q)$ in disordered metals to leading order in the effective Coulomb interaction. When the transport relaxation time $\tau _{tr}$ is much shorter than the quasiparticle life time, we find a \mbox{sgn}(2p_F-q)/\sqrt{|2p_F-q|} divergence of the polarization function at the Fermi surface ($q=2p_F$). It causes a phase shift of the Friedel oscillations as well as an enhancement of their amplitude. Our results are consistent with experiments and may be relevant for understanding the stability of the amorphous state of certain alloys against crystallization.Comment: 11 pages, 4 PostScript figures appended as a self-extracting tar archive; includes output instruction