On the homotopy type of the Deligne-Mumford compactification

An old theorem of Charney and Lee says that the classifying space of the category of stable nodal topological surfaces and isotopy classes of degenerations has the same rational homology as the Deligne-Mumford compactification. We give an integral refinement: the classifying space of the Charney-Lee category actually has the same homotopy type as the moduli stack of stable curves, and the etale homotopy type of the moduli stack is equivalent to the profinite completion of the classifying space of the Charney-Lee category.Comment: 14 pages, published versio

Temporal structure and gain/loss asymmetry for real and artificial stock indices

We demonstrate that the gain/loss asymmetry observed for stock indices vanishes if the temporal dependence structure is destroyed by scrambling the time series. We also show that an artificial index constructed by a simple average of a number of individual stocks display gain/loss asymmetry - this allows us to explicitly analyze the dependence between the index constituents. We consider mutual information and correlation based measures and show that the stock returns indeed have a higher degree of dependence in times of market downturns than upturns

Thue-Morse at Multiples of an Integer

Let (t_n) be the classical Thue-Morse sequence defined by t_n = s_2(n) (mod 2), where s_2 is the sum of the bits in the binary representation of n. It is well known that for any integer k>=1 the frequency of the letter "1" in the subsequence t_0, t_k, t_{2k}, ... is asymptotically 1/2. Here we prove that for any k there is a n<=k+4 such that t_{kn}=1. Moreover, we show that n can be chosen to have Hamming weight <=3. This is best in a twofold sense. First, there are infinitely many k such that t_{kn}=1 implies that n has Hamming weight >=3. Second, we characterize all k where the minimal n equals k, k+1, k+2, k+3, or k+4. Finally, we present some results and conjectures for the generalized problem, where s_2 is replaced by s_b for an arbitrary base b>=2.Comment: 14 page

Intensive versus Extensive Dairy Production Systems: Dairy States in the Eastern and Midwestern U.S. and Key Pasture Countries the E.U.: Determining the Competitive Edge

In recent years, significant structural and production system changes have been noted in the U.S. and European Union, as well as increased interest in pasture-based dairy systems. Technical efficiency, returns to scale, and farm characteristics are compared by size and production system in traditional U.S. dairy states and E.U. countries.U.S., EU Countries, Dairy Systems, Technical Efficiency, Returns To Scale, Size, Technology, Land Prices, Production Economics, Q12,