Experimental manifestation of the breakpoint region in the current-voltage characteristics of intrinsic Josephson junctions

The experimental evidence of the breakpoint on the current-voltage characteristics (IVCs) of the stacks of intrinsic Josephson junctions (IJJs) is presented. The influence of the capacitive coupling on the IVCs of Bi$_2$Sr$_2$CaCu$_2$O$_y$ IJJs has been investigated. At 4.2 K, clear breakpoint region is observed on the branches in the IVCs. It is found that the hysteresis observed on the IVC is suppressed due to the coupling compared with that expected from the McCumber parameter. Measurements agree well with the results obtained by the theoretical model.Comment: 3 pages, 4 figure

The Co-evolution of Disk and Star in Embedded Stages: The Case of the Very Low-mass Protostar

We have observed the CCH (N=3-2, J=7/2-5/2, F=4-3 and 3-2) and SO (6_7-5_6) emission at a 0"2 angular resolution toward the low-mass Class 0 protostellar source IRAS 15398-3359 with ALMA. The CCH emission traces the infalling-rotating envelope near the protostar with the outflow cavity extended along the northeast-southwest axis. On the other hand, the SO emission has a compact distribution around the protostar. The CCH emission is relatively weak at the continuum peak position, while the SO emission has a sharp peak there. Although the maximum velocity shift of the CCH emission is about 1 km s^-1 from the systemic velocity, a velocity shift higher than 2 km s^{-1} is seen for the SO emission. This high velocity component is most likely associated with the Keplerian rotation around the protostar. The protostellar mass is estimated to be 0.007^{+0.004}_{-0.003} from the velocity profile of the SO emission. With this protostellar mass, the velocity structure of the CCH emission can be explained by the model of the infalling-rotating envelope, where the radius of the centrifugal barrier is estimated to be 40 au from the comparison with the model. The disk mass evaluated from the dust continuum emission by assuming the dust temperature of 20 K-100 K is 0.1-0.9 times the stellar mass, resulting in the Toomre Q parameter of 0.4-5. Hence, the disk structure may be partly unstable. All these results suggest that a rotationally-supported disk can be formed in the earliest stages of the protostellar evolution

Estimating the Leverage Parameter of Continuous-time Stochastic Volatility Models Using High Frequency S&P 500 VIX

This paper proposes a new method for estimating continuous-time stochastic volatility (SV) models for the S&P 500 stock index process using intraday high-frequency observations of both the S&P 500 index and the Chicago Board of Exchange (CBOE) implied (or expected) volatility index (VIX). Intraday high-frequency observations data have become readily available for an increasing number of financial assets and their derivatives in recent years, but it is well known that attempts to estimate the parameters of popular continuous-time models can lead to nonsensical estimates due to severe intraday seasonality. A primary purpose of the paper is to estimate the leverage parameter, , that is, the correlation between the two Brownian motions driving the diffusive components of the price process and its spot variance process, respectively. We show that, under the special case of Heston’s (1993) square-root SV model without measurement errors, the “realized leverage”, or the realized covariation of the price and VIX processes divided by the product of the realized volatilities of the two processes, converges to in probability as the time intervals between observations shrink to zero, even if the length of the whole sample period is fixed. Finite sample simulation results show that the proposed estimator delivers accurate estimates of the leverage parameter, unlike existing methods

Infrared Imaging of the Gravitational Lens PG 1115+080 with the Subaru Telescope

We present high spatial resolution images of the gravitational-lens system PG 1115+080 taken with the near-infrared camera (CISCO) on the Subaru telescope. The FWHM of the combined image is $0.''32$ in the $K'$-band, yielding spatial resolution of $0.''14$ after a deconvolution procedure. This is a first detection of an extended emission adjacent to the A1/A2 components, indicating the presence of a fairly bright emission region with a characteristic angular radius of $\sim$ 5 mas (40 pc). The near-infrared image of the Einstein ring was extracted in both the $J$ and $K'$ bands. The $J-K'$ color is found to be significantly redder than that of a synthetic model galaxy with an age of 3 Gyr, the age of the universe at the quasar redshift.Comment: 11 pages, 6 figures. Accepted for publication in PASJ(2000