Equilibrium Price Dispersion in a Matching Model with Divisible Money

The main purpose of this paper is to show that, for any given parameter values, an equilibrium with dispersed prices (two-price equilibrium) exists in a simple matching model with divisible money presented by Green and Zhou (1998).We also show that our two-price equilibrium is unique in certain environments. Moreover, the welfare effect of price dispersion is analysed.equilibrium analysis;prices;money

Monolithic Ge:Ga Detector Development for SAFARI

We describe the current status and the prospect for the development of monolithic Ge:Ga array detector for SAFARI. Our goal is to develop a 64x64 array for the 45 -- 110 um band, on the basis of existing technologies to make 3x20 monolithic arrays for the AKARI satellite. For the AKARI detector we have achieved a responsivity of 10 A/W and a read-out noise limited NEP (noise equivalent power) of 10^-17 W/rHz. We plan to develop the detector for SAFARI with technical improvements; significantly reduced read-out noise with newly developed cold read-out electronics, mitigated spectral fringes as well as optical cross-talks with a multi-layer antireflection coat. Since most of the elemental technologies to fabricate the detector are flight-proven, high technical readiness levels (TRLs) should be achieved for fabricating the detector with the above mentioned technical demonstrations. We demonstrate some of these elemental technologies showing results of measurements for test coatings and prototype arrays.Comment: To appear in Proc. Workshop "The Space Infrared Telescope for Cosmology & Astrophysics: Revealing the Origins of Planets and Galaxies". Eds. A.M. Heras, B. Swinyard, K. Isaak, and J.R. Goicoeche

A new ultra high energy gamma ray telescope at Ohya mine

The search for ultra high energy gamma rays coming from point sources is one of the main experimental aims. A fast air shower timing system was constructed at ICRR for the study of the angular resolution of the system and operated approximately half a year. The characteristics of the surface array of Ohya air shower telescope is described

Itinerant Ferromagnetism in layered crystals LaCoOX (X = P, As)

The electronic and magnetic properties of cobalt-based layered oxypnictides, LaCoOX (X = P, As), are investigated. LaCoOP and LaCoOAs show metallic type conduction, and the Fermi edge is observed by hard x-ray photoelectron spectroscopy. Ferromagnetic transitions occur at 43 K for LaCoOP and 66 K for LaCoOAs. Above the transition temperatures, temperature dependence of the magnetic susceptibility follows the Curie-Weiss law. X-ray magnetic circular dichroism (XMCD) is observed at the Co L2,3-edge, but not at the other edges. The calculated electronic structure shows a spin polarized ground state. These results indicate that LaCoOX are itinerant ferromagnets and suggest that their magnetic properties are governed by spin fluctuation.Comment: 16 pages, 9 figures, Physical Review B, in press. Received 17 February 2008. Accepted 29 May 200