Household liquidity and incremental financing decisions:theory and evidence

In this paper we develop a stochastic model for household liquidity. In the model, the optimal liquidity policy takes the form of a liquidity range. Subsequently, we use the model to calibrate the upper bound of the predicted liquidity range. Equipped with knowledge about the relevant control barriers, we run a series of empirical tests on a panel data set of Dutch households covering the period 1992-2007. The results broadly validate our theoretical predictions that households (i) exhaust most of their short-term liquid assets prior to increasing net debt, and (ii) reduce outstanding net debt at the optimally selected upper liquidity barrier. However, a small minority of households appear to act sub-optimally. Poor and vulnerable households rely too frequently on expensive forms of credit (such as overdrafts) hereby incurring substantial amounts of fees and fixed borrowing costs. Elderly households and people on social benefits tend to accumulate too much liquidity. Finally, some households take on expensive short-term credit while having substantial amounts of low-yielding liquid assets

Casimir effect with rough metallic mirrors

We calculate the second order roughness correction to the Casimir energy for two parallel metallic mirrors. Our results may also be applied to the plane-sphere geometry used in most experiments. The metallic mirrors are described by the plasma model, with arbitrary values for the plasma wavelength, the mirror separation and the roughness correlation length, with the roughness amplitude remaining the smallest length scale for perturbation theory to hold. From the analysis of the intracavity field fluctuations, we obtain the Casimir energy correction in terms of generalized reflection operators, which account for diffraction and polarization coupling in the scattering by the rough surfaces. We present simple analytical expressions for several limiting cases, as well as numerical results that allow for a reliable calculation of the roughness correction in real experiments. The correction is larger than the result of the Proximity Force Approximation, which is obtained from our theory as a limiting case (very smooth surfaces).Comment: 16 page

Roughness correction to the Casimir force : Beyond the Proximity Force Approximation

We calculate the roughness correction to the Casimir effect in the parallel plates geometry for metallic plates described by the plasma model. The calculation is perturbative in the roughness amplitude with arbitrary values for the plasma wavelength, the plate separation and the roughness correlation length. The correction is found to be always larger than the result obtained in the Proximity Force Approximation.Comment: 7 pages, 3 figures, v2 with minor change

Lateral Casimir force beyond the Proximity Force Approximation

We argue that the appropriate variable to study a non trivial geometry dependence of the Casimir force is the lateral component of the Casimir force, which we evaluate between two corrugated metallic plates outside the validity of the Proximity Force Approximation (PFA). The metallic plates are described by the plasma model, with arbitrary values for the plasma wavelength, the plate separation and the corrugation period, the corrugation amplitude remaining the smallest length scale. Our analysis shows that in realistic experimental situations the Proximity Force Approximation overestimates the force by up to 30%.Comment: 4 pages. Identical to v1, which was accidentally replaced by a different paper (quant-ph/0610026

Casimir-Polder shifts on quantum levitation states

An ultracold atom above a horizontal mirror experiences quantum reflection from the attractive Casimir-Polder interaction, which holds it against gravity and leads to quantum levitation states. We analyze this system by using a Liouville transformation of the Schr\"odinger equation and a Langer coordinate adapted to problems with a classical turning point. Reflection on the Casimir-Polder attractive well is replaced by reflection on a repulsive wall and the problem is then viewed as an ultracold atom trapped inside a cavity with gravity and Casimir-Polder potentials acting respectively as top and bottom mirrors. We calculate numerically Casimir-Polder shifts of the energies of the cavity resonances and propose a new approximate treatment which is precise enough to discuss spectroscopy experiments aiming at tests of the weak equivalence principle on antihydrogen. We also discuss the lifetimes by calculating complex energies associated with cavity resonances.Comment: Accepted in PR

Vacuum induced torque between corrugated metallic plates

We study the torque arising between two corrugated metallic plates due to the interaction with electromagnetic vacuum. This Casimir torque can be measured with torsion pendulum techniques for separation distances as large as 1$\mu$m. It allows one to probe the nontrivial geometry dependence of the Casimir energy in a configuration which can be evaluated theoretically with accuracy. In the optimal experimental configuration, the commonly used proximity force approximation turns out to overestimate the torque by a factor 2 or larger.Comment: 7 pages, 4 figures, to appear in Europhysics Letters. Technical problem with eps file for figure 4 was fixe

Surface plasmon modes and the Casimir energy

We show the influence of surface plasmons on the Casimir effect between two plane parallel metallic mirrors at arbitrary distances. Using the plasma model to describe the optical response of the metal, we express the Casimir energy as a sum of contributions associated with evanescent surface plasmon modes and propagative cavity modes. In contrast to naive expectations, the plasmonic modes contribution is essential at all distances in order to ensure the correct result for the Casimir energy. One of the two plasmonic modes gives rise to a repulsive contribution, balancing out the attractive contributions from propagating cavity modes, while both contributions taken separately are much larger than the actual value of the Casimir energy. This also suggests possibilities to tailor the sign of the Casimir force via surface plasmons.Comment: 4 pages, 3 figures, revtex

Quantum reflection of antihydrogen from nanoporous media

We study quantum reflection of antihydrogen atoms from nanoporous media due to the Casimir-Polder (CP) potential. Using a simple effective medium model, we show a dramatic increase of the probability of quantum reflection of antihydrogen atoms if the porosity of the medium increases. We discuss the limiting case of reflections at small energies, which have interesting applications for trapping and guiding antihydrogen using material walls

Classical Casimir interaction in the plane-sphere geometry

We study the Casimir interaction in the plane-sphere geometry in the classical limit of high temperatures. In this limit, the finite conductivity of the metallic plates needs to be taken into account. For the Drude model, the classical Casimir interaction is nevertheless found to be independent of the conductivity so that it can be described by a single universal function depending only on the aspect ratio $x=L/R$ where $L$ is the interplate distance and $R$ the sphere radius. This universal function differs from the one found for perfect reflectors and is in principle amenable to experimental tests. The asymptotic approach of the exact result to the Proximity Force Approximation appears to be well fitted by polynomial expansions in $\ln x$.Comment: Updated version with minor modifications and addition of a referenc