A Theory of Size and Product Diversity of Marketplaces with Application to the Trade Show Arena

Markets involve the exchange of information and products between buyers and sellers in marketplaces created by market organizers. This paper develops a theory to explain the differences in the size (number of participants) and diversity (range of products displayed) across these marketplaces. We assume that successful transactions require information transmission between parties calling for investment in time/effort. Two key factors affect this process of information interchange: diminishing marginal returns to effort encouraging diversification and congestion cost resulting from participant overload. We study a sequential model of interaction between buyers, sellers and marketplace organizers. Organizers choose the number and nature of marketplaces to organize, and set entry fees for them while buyers and sellers make participation and effort allocation decisions. We show that participants' breadth of product interest, their buying and selling intensities (i.e. how frequently they are likely to engage in future product transactions) as well as the technological innovativeness of the industry have important influences on the size and range of product diversity in the marketplace. We apply this model to the industrial trade show arena to explain differences in trade show types (horizontal with broad product focus vs. vertical with narrow product focus) across industries. Empirical tests of several propositions derived from our model provide an encouraging degree of support for our theory. Our analysis identifies several industries that appear to be underserved by one type of show or the other, suggesting possible future opportunities for organizers.

2D Black Hole and Holographic Renormalization Group

In hep-th/0311177, the Large $N$ renormalization group (RG) flows of a modified matrix quantum mechanics on a circle, capable of capturing effects of nonsingets, were shown to have fixed points with negative specific heat. The corresponding rescaling equation of the compactified matter field with respect to the RG scale, identified with the Liouville direction, is used to extract the two dimensional Euclidean black hole metric at the new type of fixed points. Interpreting the large $N$ RG flows as flow velocities in holographic RG in two dimensions, the flow equation of the matter field around the black hole fixed point is shown to be of the same form as the radial evolution equation of the appropriate bulk scalar coupled to 2D black hole.Comment: 21 page

Soft-gluon resummation effects on parton distributions

We gauge the impact of soft-gluon resummation on quark distributions by performing a simple fit of Deep Inelastic Scattering structure function data using next-to-leading order (NLO) and next-to-leading-logarithmic (NLL)-resummed coefficient functions. We make use of NuTeV charged-current data, as well as New Muon Collaboration (NMC) and Bologna-CERN-Dubna-Munich-Saclay (BCDMS) neutral-current results, which probe large values of x. Our results suggest that the inclusion of resummation effects in global fits of parton distributions is both feasible and desirable, in order to achieve at large x the accuracy goals of the LHC physics program.Comment: 19 pages, 10 figures. Few changes after referee report, one figure and references added, published versio

Complex-linear invariants of biochemical networks

The nonlinearities found in molecular networks usually prevent mathematical analysis of network behaviour, which has largely been studied by numerical simulation. This can lead to difficult problems of parameter determination. However, molecular networks give rise, through mass-action kinetics, to polynomial dynamical systems, whose steady states are zeros of a set of polynomial equations. These equations may be analysed by algebraic methods, in which parameters are treated as symbolic expressions whose numerical values do not have to be known in advance. For instance, an "invariant" of a network is a polynomial expression on selected state variables that vanishes in any steady state. Invariants have been found that encode key network properties and that discriminate between different network structures. Although invariants may be calculated by computational algebraic methods, such as Gr\"obner bases, these become computationally infeasible for biologically realistic networks. Here, we exploit Chemical Reaction Network Theory (CRNT) to develop an efficient procedure for calculating invariants that are linear combinations of "complexes", or the monomials coming from mass action. We show how this procedure can be used in proving earlier results of Horn and Jackson and of Shinar and Feinberg for networks of deficiency at most one. We then apply our method to enzyme bifunctionality, including the bacterial EnvZ/OmpR osmolarity regulator and the mammalian 6-phosphofructo-2-kinase/fructose-2,6-bisphosphatase glycolytic regulator, whose networks have deficiencies up to four. We show that bifunctionality leads to different forms of concentration control that are robust to changes in initial conditions or total amounts. Finally, we outline a systematic procedure for using complex-linear invariants to analyse molecular networks of any deficiency.Comment: 36 pages, 6 figure

Adiabatic Faraday effect in a two-level Hamiltonian formalism

The helicity of a photon traversing a magnetized plasma can flip when the B-field along the trajectory slowly reverses. Broderick and Blandford have recently shown that this intriguing effect can profoundly change the usual Faraday effect for radio waves. We study this phenomenon in a formalism analogous to neutrino flavor oscillations: the evolution is governed by a Schroedinger equation for a two-level system consisting of the two photon helicities. Our treatment allows for a transparent physical understanding of this system and its dynamics. In particular, it allows us to investigate the nature of transitions at intermediate adiabaticities.Comment: 8 pages, 2 eps figures, and a note added. Title changed. Matches published versio

On large angle multiple gluon radiation

Jet shape observables which involve measurements restricted to a part of phase space are sensitive to multiplication of soft gluon with large relative angles and give rise to specific single logarithmically enhanced (SL) terms (non-global logs). We consider associated distributions in two variables which combine measurement of a jet shape V in the whole phase space (global) and that of the transverse energy flow away from the jet direction, Eout (non-global). We show that associated distributions factorize into the global distribution in V and a factor that takes into account SL contributions from multi-gluon ``hedgehog'' configurations in all orders. The latter is the same that describes the single-variable Eout distribution, but evaluated at a rescaled energy VQ.Comment: 16 page

Suppression of complete fusion due to breakup in the reactions 10,11^{10,11}B + 209^{209}Bi

Above-barrier cross sections of $\alpha$-active heavy reaction products, as well as fission, were measured for the reactions of $^{10,11}$B with $^{209}$Bi. Detailed analysis showed that the heavy products include components from incomplete fusion as well as complete fusion (CF), but fission originates almost exclusively from CF. Compared with fusion calculations without breakup, the CF cross sections are suppressed by 15% for $^{10}$B and 7% for $^{11}$B. A consistent and systematic variation of the suppression of CF for reactions of the weakly bound nuclei $^{6,7}$Li, $^{9}$Be, $^{10,11}$B on targets of $^{208}$Pb and $^{209}$Bi is found as a function of the breakup threshold energy