The effects of replacement schemes on car sales: the Spanish case

This paper studies a model of car replacement designed to evaluate policies addressed to influence replacement decisions. An aggregate hazard function is computed from optimal replacement rules of heterogeneous consumers, which mimics the hump-shaped hazard function observed for the Spanish car market. The model is calibrated to evaluate quantitatively the Plan Prever, a replacement scheme introduced in Spain in 1997, finding that the positive effect of the subsidy is high in the short run but small in the long run for both sales and the average age of the stock.scrapping, replacement schemes, heterogeneous consumers

Vintage Capital and the Dynamics of the AK Model

This paper analyzes the equilibrium dynamics of an AK-type endogenous growth model with vintage capital. The inclusion of vintage capital leads to oscillatory dynamics governed by replacement echoes, which additionally influence the intercept of the balanced growth path. These features, which are in sharp contrast to those from the standard AK model, can contribute to explaining the short-run deviations observed between investment and growth rates time series. To characterize the convergence properties and the dynamics of the model we develop analytical and numerical methods that should be of interest for the general resolution of endogenous growth models with vintage capital.

Discovery of a Low-Mass Brown Dwarf Companion of the Young Nearby Star G196-3

A substellar-mass object in orbit at about 300 astronomical units (AU) from the young low-mass star G196-3 was detected by direct imaging. Optical and infrared photometry and low- and intermediate-resolution spectroscopy of the faint companion, hereafter referred to as G196-3B, confirms its cool atmosphere and allows its mass to be estimated at 25^{+15}_{-10} Jupiter masses. The separation between both objects and their mass ratio suggest the fragmentation of a collapsing cloud as the most likely origin for G196-3B, but alternatively it could have originated from a proto-planetary disc which has been dissipated. Whatever the formation process was, the young age of the primary star (about 100 Myr) demonstrates that substellar companions can form in short time scales.Comment: Published in Science (13 Nov). One color figur

Near-infrared colors of minor planets recovered from VISTA - VHS survey (MOVIS)

The Sloan Digital Sky Survey (SDSS) and Wide-field Infrared Survey Explorer (WISE) provide information about the surface composition of about 100,000 minor planets. The resulting visible colors and albedos enabled us to group them in several major classes, which are a simplified view of the diversity shown by the few existing spectra. We performed a serendipitous search in VISTA-VHS observations using a pipeline developed to retrieve and process the data that corresponds to solar system objects (SSo). The colors and the magnitudes of the minor planets observed by the VISTA survey are compiled into three catalogs that are available online: the detections catalog (MOVIS-D), the magnitudes catalog (MOVIS-M), and the colors catalog (MOVIS-C). They were built using the third data release of the survey (VISTA VHS-DR3). A total of 39,947 objects were detected, including 52 NEAs, 325 Mars Crossers, 515 Hungaria asteroids, 38,428 main-belt asteroids, 146 Cybele asteroids, 147 Hilda asteroids, 270 Trojans, 13 comets, 12 Kuiper Belt objects and Neptune with its four satellites. The colors found for asteroids with known spectral properties reveal well-defined patterns corresponding to different mineralogies. The distributions of MOVIS-C data in color-color plots shows clusters identified with different taxonomic types. All the diagrams that use (Y-J) color separate the spectral classes more effectively than the (J-H) and (H-Ks) plots used until now: even for large color errors (<0.1), the plots (Y-J) vs (Y-Ks) and (Y-J) vs (J-Ks) provide the separation between S-complex and C-complex. The end members A, D, R, and V-types occupy well-defined regions.Comment: 19 pages, 16 figure

The Spectrum of Pluto, 0.40 - 0.93 μ\mum I. Secular and longitudinal distribution of ices and complex organics

Context. During the last 30 years the surface of Pluto has been characterized, and its variability has been monitored, through continuous near-infrared spectroscopic observations. But in the visible range only few data are available. Aims. The aim of this work is to define the Pluto's relative reflectance in the visible range to characterize the different components of its surface, and to provide ground based observations in support of the New Horizons mission. Methods. We observed Pluto on six nights between May and July 2014, with the imager/spectrograph ACAM at the William Herschel Telescope (La Palma, Spain). The six spectra obtained cover a whole rotation of Pluto (Prot = 6.4 days). For all the spectra we computed the spectral slope and the depth of the absorption bands of methane ice between 0.62 and 0.90 $\mu$m. To search for shifts of the center of the methane bands, associated with dilution of CH4 in N2, we compared the bands with reflectances of pure methane ice. Results. All the new spectra show the methane ice absorption bands between 0.62 and 0.90 $\mu$m. The computation of the depth of the band at 0.62 $\mu$m in the new spectra of Pluto, and in the spectra of Makemake and Eris from the literature, allowed us to estimate the Lambert coefficient at this wavelength, at a temperature of 30 K and 40 K, never measured before. All the detected bands are blue shifted, with minimum shifts in correspondence with the regions where the abundance of methane is higher. This could be indicative of a dilution of CH4:N2 more saturated in CH4. The longitudinal and secular variations of the parameters measured in the spectra are in accordance with results previously reported in the literature and with the distribution of the dark and bright material that show the Pluto's albedo maps from New Horizons.Comment: This manuscript may change and improve during the reviewing process. The data reduction and calibration is reliable and has been checked independently using different reduction approaches. The data will be made publicily available when the paper is accepted. If you need them before, please, contact the autho

The water ice rich surface of (145453) 2005 RR43: a case for a carbon-depleted population of TNOs?

Recent results suggest that there is a group of TNOs (2003 EL61 being the biggest member), with surfaces composed of almost pure water ice and with very similar orbital elements. We study the surface composition of another TNO that moves in a similar orbit, 2005 RR43, and compare it with the surface composition of the other members of this group. We report visible and near-infrared spectra, obtained with the 4.2m William Herschel Telescope and the 3.58m Telescopio Nazionale Galileo at the "Roque de los Muchachos" Observatory (La Palma, Spain). The spectrum of 2005 RR43 is neutral in color in the visible and dominated by very deep water ice absorption bands in the near infrared (D= 70.3 +/- 2.1 % and 82.8 +/- 4.9 % at 1.5 \mu and 2.0 \mu respectively). It is very similar to the spectrum of the group of TNOs already mentioned. All of them present much deeper water ice absorption bands (D>40 %) than any other TNO except Charon. Scattering models show that its surface is covered by water ice, a significant fraction in crytalline state with no trace (5 % upper limit) of complex organics. Possible scenarios to explain the existence of this population of TNOs are discussed: a giant collision, an originally carbon depleted composition, or a common process of continuous resurfacing. We conclude that TNO 2005 RR43 is member of a group, may be a population, of TNOs clustered in the space of orbital parameters that show abundant water ice and no signs of complex organics. The lack of complex organics in their surfaces suggests a significant smaller fraction of carbonaceous volatiles like CH4 in this population than in "normal" TNOs. A carbon depleted population of TNOs could be the origin of the population of carbon depleted Jupiter family comets already noticed by A'Hearn et al. (1995).Comment: Final Version (Paper Accepted) 4 pages, 2 figures. Changed title, abstract, discussio

Activity of comet 103P/Hartley 2 at the time of the EPOXI mission fly-by

Comet 103P/Hartley~2 was observed on Nov. 1-6, 2010, coinciding with the fly-by of the space probe EPOXI. The goal was to connect the large scale phenomena observed from the ground, with those at small scale observed from the spacecraft. The comet showed strong activity correlated with the rotation of its nucleus, also observed by the spacecraft. We report here the characterization of the solid component produced by this activity, via observations of the emission in two spectral regions where only grain scattering of the solar radiation is present. We show that the grains produced by this activity had a lifetime of the order of 5 hours, compatible with the spacecraft observations of the large icy chunks. Moreover, the grains produced by one of the active regions have a very red color. This suggests an organic component mixed with the ice in the grains.Comment: 11 pages, 7 figures, Icarus in pres

Testing the comet nature of main belt comets. The spectra of 133P/Elst-Pizarro and 176P/LINEAR

We present the visible spectrum of MBCs 133P/Elst-Pizarro and 176P/LINEAR, as well as three Themis family asteroids: (62) Erato, (379), Huenna and (383) Janina, obtained in 2007 using three telescopes at "El Roque de los Muchachos"' Observatory, in La Palma, Spain, and the 8m Kueyen (UT2) VLT telescope at Cerro Paranal, Chile. The spectra of 133P and 176P resemble best those of B-type asteroid and are very similar to those of Themis family members and are significantly different from the spectrum of comet 162P/Siding-Spring and most of the observed cometary nuclei. CN gas emission is not detected in the spectrum of 133P. We determine an upper limit for the CN production rate Q(CN) = $= 2.8 \times 10^{21}$ mol/s, three orders of magnitude lower than the Q(CN) of Jupiter family comets observed at similar heliocentric distances. The spectra of 133P/Elst-Pizarro and 176P/LINEAR confirm that they are likely members of the Themis family of asteroids, fragments that probably retained volatiles, and unlikely have a cometary origin in the trans-neptunian belt or the Oort cloud.Comment: Paper sumbmited to A&A. 7 pages and 6 figure

Albedos of Main-Belt Comets 133P/Elst-Pizarro and 176P/LINEAR

We present the determination of the geometric R-band albedos of two main-belt comet nuclei based on data from the Spitzer Space Telescope and a number of ground-based optical facilities. For 133P/Elst-Pizarro, we find an albedo of p_R=0.05+/-0.02 and an effective radius of r_e=1.9+/-0.3 km (estimated semi-axes of a~2.3 km and b~1.6 km). For 176P/LINEAR, we find an albedo of p_R=0.06+/-0.02 and an effective radius of r_e=2.0+/-0.2 km (estimated semi-axes of a~2.6 km and b~1.5 km). In terms of albedo, 133P and 176P are similar to each other and are typical of other Themis family asteroids, C-class asteroids, and other comet nuclei. We find no indication that 133P and 176P are compositionally unique among other dynamically-similar (but inactive) members of the Themis family, in agreement with previous assertions that the two objects most likely formed in-situ. We also note that low albedo (p_R<0.075) remains a consistent feature of all cometary (i.e., icy) bodies, whether they originate in the inner solar system (the main-belt comets) or in the outer solar system (all other comets).Comment: 11 pages, 3 figures, accepted for publication in ApJ

Coordinated thermal and optical observations of Trans-Neptunian object (20000) Varuna from Sierra Nevada

We report on coordinated thermal and optical measurements of trans-Neptunian object (20000) Varuna obtained in January-February 2002, respectively from the IRAM 30-m and IAA 1.5 m telescopes. The optical data show a lightcurve with a period of 3.176+/-0.010 hr, a mean V magnitude of 20.37+/-0.08 and a 0.42+/-0.01 magnitude amplitude. They also tentatively indicate that the lightcurve is asymmetric and double-peaked. The thermal observations indicate a 1.12+/-0.41 mJy flux, averaged over the object's rotation. Combining the two datasets, we infer that Varuna has a mean 1060(+180/-220) km diameter and a mean 0.038(+0.022/-0.010) V geometric albedo, in general agreement with an earlier determination using the same technique.Comment: Accepted for publication in Astronomy & Astrophysics (7 pages, including 3 figures