4,022 research outputs found

    Dynamic optimal taxation with human capital.

    Get PDF
    This paper revisits the dynamic optimal taxation results of Jones, Manuelli, and Rossi (1993, 1997). They use a growth model with human capital and find that optimal taxes on both capital income and labor income converge to zero in steady state. For one of the models under consideration, I show that the representative household's problem does not have an interior solution. This raises concerns since these corners are inconsistent with aggregate data. Interiority is restored if preferences are modified so that human capital augments the value of leisure time. With this change, the optimal tax problem is analyzed and, reassuringly, the Jones, Manuelli, and Rossi results are confirmed: neither capital income nor labor income should be taxed in steady state

    IUE observations of the 1987 superoutburst of the dwarf nova Z Cha

    Get PDF
    Low resolution IUE observations of the dwarf nova Z Cha during superoutburst are presented. These cover most of the development of the outburst and have sufficient time resolution to probe continuum and line behavior on orbital phase. The observed modulation on this phase is very similar to that observed in the related object OY Car. The results imply the presence of a cool spot on the edge of the edge of the accretion disk, which periodically occults the brighter inner disk. Details of the line behavior suggest that the line originated in an extended wind-emitting region. In contrast to archive spectra obtained in normal outburst, the continuum is fainter and redder, indicating that the entire superoutburst disk may be geometrically thicker than during a normal outburst

    Microstability analysis of pellet fuelled discharges in MAST

    Full text link
    Reactor grade plasmas are likely to be fuelled by pellet injection. This technique transiently perturbs the profiles, driving the density profile hollow and flattening the edge temperature profile. After the pellet perturbation, the density and temperature profiles relax towards their quasi-steady-state shape. Microinstabilities influence plasma confinement and will play a role in determining the evolution of the profiles in pellet fuelled plasmas. In this paper we present the microstability analysis of pellet fuelled H-mode MAST plasmas. Taking advantage of the unique capabilities of the MAST Thomson scattering system and the possibility of synchronizing the eight lasers with the pellet injection, we were able to measure the evolution of the post-pellet electron density and temperature profiles with high temporal and spatial resolution. These profiles, together with ion temperature profiles measured using a charge exchange diagnostic, were used to produce equilibria suitable for microstability analysis of the equilibrium changes induced by pellet injection. This analysis, carried out using the local gyrokinetic code GS2, reveals that the microstability properties are extremely sensitive to the rapid and large transient excursions of the density and temperature profiles, which also change collisionality and beta e significantly in the region most strongly affected by the pellet ablation.Comment: 21 pages, 10 figures. This is an author-created, un-copyedited version of an article submitted for publication in Plasma Physics and Controlled Fusion. IOP Publishing Ltd is not responsible for any errors or omissions in this version of the manuscript or any version derived from i

    Photoevaporation and close encounters: how the environment around Cygnus OB2 affects the evolution of protoplanetary disks

    Full text link
    In our Galaxy, star formation occurs in a variety of environments, with a large fraction of stars formed in clusters hosting massive stars. OB stars have an important feedback on the evolution of protoplanetary disks around nearby young stars and likely on the process of planet formation occurring in them. The nearby massive association Cygnus OB2 is an outstanding laboratory to study this feedback. It is the closest massive association to our Sun, and hosts hundreds of massive stars and thousands of low mass members. In this paper, we analyze the spatial variation of the disk fraction in Cygnus OB2 and we study its correlation with the local values of Far and Extreme ultraviolet radiation fields and the local stellar surface density. We present definitive evidence that disks are more rapidly dissipated in the regions of the association characterized by intense local UV field and large stellar density. In particular, the FUV radiation dominates disks dissipation timescales in the proximity (i.e. within 0.5 pc) of the O stars. In the rest of the association, EUV photons potentially induce a significant mass loss from the irradiated disks across the entire association, but the efficiency of this process is reduced at increasing distances from the massive stars due to absorption by the intervening intracluster material. We find that disk dissipation due to close stellar encounters is negligible in Cygnus OB2, and likely to have affected 1% or fewer of the stellar population. Disk dissipation is instead dominated by photoevaporation. We also compare our results to what has been found in other young clusters with different massive populations, concluding that massive associations like Cygnus OB2 are potentially hostile to protoplanetary disks, but that the environments where disks can safely evolve in planetary systems are likely quite common in our Galaxy.Comment: Accepted for publication in ApJS as part of the special issue on the Chandra Cygnus OB2 Legacy Projec

    An XMM-Newton observation of the nova-like variable UX UMa: spatially and spectrally resolved two-component X-ray emission

    Full text link
    In the optical and ultraviolet regions of the electromagnetic spectrum, UX Ursae Majoris is a deeply eclipsing cataclysmic variable. However, no soft X-ray eclipse was detected in ROSAT observations. We have obtained a 38 ksec XMM-Newton observation to further constrain the origin of the X-rays. The combination of spectral and timing information allows us to identify two components in the X-ray emission of the system. The soft component, dominant below photon energies of 2 keV, can be fitted with a multi-temperature plasma model and is uneclipsed. The hard component, dominant above 3 keV, can be fitted with a kT ~ 5 keV plasma model and appears to be deeply eclipsed. We suggest that the most likely source of the hard X-ray emission in UX UMa, and other systems in high mass transfer states, is the boundary layer.Comment: To appear in MNRAS Letter

    The Origin of Soft X-rays in DQ Herculis

    Full text link
    DQ Herculis (Nova Herculis 1934) is a deeply eclipsing cataclysmic variable containing a magnetic white dwarf primary. The accretion disk is thought to block our line of sight to the white dwarf at all orbital phases due to its extreme inclination angle. Nevertheless, soft X-rays were detected from DQ Her with ROSAT PSPC. To probe the origin of these soft X-rays, we have performed Chandra ACIS observations. We confirm that DQ Her is an X-ray source. The bulk of the X-rays are from a point-like source and exhibit a shallow partial eclipse. We interpret this as due to scattering of the unseen central X-ray source, probably in an accretion disk wind. At the same time, we observe what appear to be weak extended X-ray features around DQ Her, which we interpret as an X-ray emitting knot in the nova shell.Comment: 18 pages including 4 figures, accepted for publication in Astrphyisical Journa

    High Spectral Resolution Measurement of the Sunyaev–Zel'dovich Effect Null with Z-Spec

    Get PDF
    The Sunyaev-Zel'dovich (SZ) effect spectrum crosses through a null where ΔT_CMB = 0 near ν_0 = 217 GHz. In a cluster of galaxies, ν0 can be shifted from the canonical thermal SZ effect value by corrections to the SZ effect scattering due to the properties of the inter-cluster medium. We have measured the SZ effect in the hot galaxy cluster RX J 1347.5 – 1145 with Z-Spec, an R ~ 300 grating spectrometer sensitive between 185 and 305 GHz. These data comprise a high spectral resolution measurement around the null of the SZ effect and clearly exhibit the transition from negative to positive ΔT_CMB over the Z-Spec band. The SZ null position is measured to be ν_0 = 225.8 ± 2.5(stat.) ± 1.2(sys.) GHz, which differs from the canonical null frequency by 3.0σ and is evidence for modifications to the canonical thermal SZ effect shape. Assuming the measured shift in ν0 is due only to relativistic corrections to the SZ spectrum, we place the limit kT_e = 17.1 ± 5.3 keV from the zero-point measurement alone. By simulating the response of the instrument to the sky, we are able to generate likelihood functions in {y_0, T_e, v_pec} space. For v_pec = 0 km s^(–1), we measure the best-fitting SZ model to be y_0 = 4.6^(+0.6)_(–0.9) × 10^(–4), T_e, 0 = 15.2^(+12)_(–7.4) keV. When v pec is allowed to vary, a most probable value of v_pec = + 450 ± 810 km s^(–1) is found
    • …
    corecore