Lowering Consumer Search Costs Can Lead To Higher Prices

We demonstrate that regulations that lower consumer search costs and make them less heterogeneous across consumers can lead to higher prices charged by firms. We estimate the distribution of consumer search costs for 366 isolated retail gasoline markets, and find that reducing the mean and standard deviation by 20% and 48%, respectively, leads to price increases in 32% of markets and an average price increase of 5.2 cents per gallon across all markets. Thus, price transparency regulation that results in higher prices may not stem from collusion, but from an equilibrium with less consumer search

BCS-BEC crossover in a relativistic superfluid and its significance to quark matter

The character change of a superfluid state due to the variation of the attractive force is investigated in the relativistic framework with a massive fermion. Two crossovers are found. One is a crossover from the usual BCS state to the Bose-Einstein condensation (BEC) of bound fermion pairs. The other is from the BEC to the relativistic Bose-Einstein condensation (RBEC) of nearly massless bound pairs where antiparticles as well as particles dominate the thermodynamics. Possible realization of the BEC and RBEC states in the quark matter is also pointed out.Comment: 5 pages, 1 figure, revtex4; (v2) text has been clarified, references updated; (v3) final version to appear in Phys. Rev.

Liberating Efimov physics from three dimensions

When two particles attract via a resonant short-range interaction, three particles always form an infinite tower of bound states characterized by a discrete scaling symmetry. It has been considered that this Efimov effect exists only in three dimensions. Here we review how the Efimov physics can be liberated from three dimensions by considering two-body and three-body interactions in mixed dimensions and four-body interaction in one dimension. In such new systems, intriguing phenomena appear, such as confinement-induced Efimov effect, Bose-Fermi crossover in Efimov spectrum, and formation of interlayer Efimov trimers. Some of them are observable in ultracold atom experiments and we believe that this study significantly broadens our horizons of universal Efimov physics.Comment: 17 pages, 5 figures, contribution to a special issue of Few-Body Systems devoted to Efimov Physic

Unitary Fermi gas, epsilon expansion, and nonrelativistic conformal field theories

We review theoretical aspects of unitary Fermi gas (UFG), which has been realized in ultracold atom experiments. We first introduce the epsilon expansion technique based on a systematic expansion in terms of the dimensionality of space. We apply this technique to compute the thermodynamic quantities, the quasiparticle spectrum, and the critical temperature of UFG. We then discuss consequences of the scale and conformal invariance of UFG. We prove a correspondence between primary operators in nonrelativistic conformal field theories and energy eigenstates in a harmonic potential. We use this correspondence to compute energies of fermions at unitarity in a harmonic potential. The scale and conformal invariance together with the general coordinate invariance constrains the properties of UFG. We show the vanishing bulk viscosities of UFG and derive the low-energy effective Lagrangian for the superfluid UFG. Finally we propose other systems exhibiting the nonrelativistic scaling and conformal symmetries that can be in principle realized in ultracold atom experiments.Comment: 44 pages, 15 figures, contribution to Lecture Notes in Physics "BCS-BEC crossover and the Unitary Fermi Gas" edited by W. Zwerge

Prospective associations between adolescent mental health problems and positive mental wellbeing in early old age

Background Mental health problems in adolescence are predictive of future mental distress and psychopathology; however, few studies investigated adolescent mental health problems in relation to future mental wellbeing and none with follow-up to older age. Aims To test prospective associations between adolescent mental health problems and mental wellbeing and life satisfaction in early old age. Methods A total of 1561 men and women were drawn from the Medical Research Council National Survey of Health and Development (the British 1946 birth cohort). Teachers had previously completed rating scales to assess emotional adjustment and behaviours, which allowed us to extract factors of mental health problems measuring self-organisation, behavioural problems, and emotional problems during adolescence. Between the ages of 60–64 years, mental wellbeing was assessed using the Warwick-Edinburgh Mental Well-being Scale (WEMWBS) and life satisfaction was self-reported using the Satisfaction with Life Scale (SWLS). Results After controlling for gender, social class of origin, childhood cognitive ability, and educational attainment, adolescent emotional problems were independently inversely associated with mental wellbeing and with life satisfaction. Symptoms of anxiety/depression at 60–64 years explained the association with life satisfaction but not with mental wellbeing. Associations between adolescent self-organisation and conduct problems and mental wellbeing and life satisfaction were of negligible magnitude, but higher childhood cognitive ability significantly predicted poor life satisfaction in early old age. Conclusions Adolescent self-organisation and conduct problems may not be predictive of future mental wellbeing and life satisfaction. Adolescent emotional problems may be inversely associated with future wellbeing, and may be associated with lower levels of future life satisfaction through symptoms of anxiety/depression in early old age. Initiatives to prevent and treat emotional problems in adolescence may have long-term benefits which extend into older age

A Phase-Space Approach to Collisionless Stellar Systems Using a Particle Method

A particle method for reproducing the phase space of collisionless stellar systems is described. The key idea originates in Liouville's theorem which states that the distribution function (DF) at time t can be derived from tracing necessary orbits back to t=0. To make this procedure feasible, a self-consistent field (SCF) method for solving Poisson's equation is adopted to compute the orbits of arbitrary stars. As an example, for the violent relaxation of a uniform-density sphere, the phase-space evolution which the current method generates is compared to that obtained with a phase-space method for integrating the collisionless Boltzmann equation, on the assumption of spherical symmetry. Then, excellent agreement is found between the two methods if an optimal basis set for the SCF technique is chosen. Since this reproduction method requires only the functional form of initial DFs but needs no assumptions about symmetry of the system, the success in reproducing the phase-space evolution implies that there would be no need of directly solving the collisionless Boltzmann equation in order to access phase space even for systems without any special symmetries. The effects of basis sets used in SCF simulations on the reproduced phase space are also discussed.Comment: 16 pages w/4 embedded PS figures. Uses aaspp4.sty (AASLaTeX v4.0). To be published in ApJ, Oct. 1, 1997. This preprint is also available at http://www.sue.shiga-u.ac.jp/WWW/prof/hozumi/papers.htm

Influence of self-gravity on the runaway instability of black hole-torus systems

Results from the first fully general relativistic numerical simulations in axisymmetry of a system formed by a black hole surrounded by a self-gravitating torus in equilibrium are presented, aiming to assess the influence of the torus self-gravity on the onset of the runaway instability. We consider several models with varying torus-to-black hole mass ratio and angular momentum distribution orbiting in equilibrium around a non-rotating black hole. The tori are perturbed to induce the mass transfer towards the black hole. Our numerical simulations show that all models exhibit a persistent phase of axisymmetric oscillations around their equilibria for several dynamical timescales without the appearance of the runaway instability, indicating that the self-gravity of the torus does not play a critical role favoring the onset of the instability, at least during the first few dynamical timescales.Comment: To appear on Phys.Rev.Let

Universal four-component Fermi gas in one dimension

A four-component Fermi gas in one dimension with a short-range four-body interaction is shown to exhibit a one-dimensional analog of the BCS-BEC crossover. Its low-energy physics is governed by a Tomonaga-Luttinger liquid with three spin gaps. The spin gaps are exponentially small in the weak coupling (BCS) limit where they arise from the charge-density-wave instability, and become large in the strong coupling (BEC) limit because of the formation of tightly-bound tetramers. We investigate the ground-state energy, the sound velocity, and the gap spectrum in the BCS-BEC crossover and discuss exact relationships valid in our system. We also show that a one-dimensional analog of the Efimov effect occurs for five bosons while it is absent for fermions. Our work opens up a very rich new field of universal few-body and many-body physics in one dimension.Comment: 9 pages, 3 figures; (v2) Efimov effect for 5 bosons in 1D is discussed; (v3) expanded versio