Search in the Product Market and the Real Business Cycle

Empirical evidence suggests that most firms operate in imperfectly competitivemarkets. We develop a search-matching model between wholesalers and retailers. Firms face search costs and form long-term relationships. Price bargain results in both wholesaler and retailer markups, depending on firms’ relative bargaining power. We simulate the model to explore the role of product market search frictions in business cycles. We show that the way search costs are modelled is crucial to provide a realistic picture of firms’ business environment and improve the cyclical properties of an otherwise standard real business cycle model.Business cycle, Frictions, Product market, Price bargain

Search in the product market and the real business cycle

We develop a search-matching model, where firms search for customers (e.g. in form of advertising). Firms use long-term contracts and bargain over prices, resulting in a price mark up above marginal cost, which is pro- cyclical and depends on firms’ relative bargaining power. Product market frictions decrease the steady state equilibrium, improve the cyclical properties of the model and provide a more realistic picture of firms’ business environment. This suggests that product market frictions may well be crucial in explaining business cycle fluctuations. Finally, we also show that welfare costs of price rigidities are negligible relative to welfare costs of frictions. JEL Classification: E10, E31, E32business cycle, Frictions, Price bargain, product market

The various manifestations of collisionless dissipation in wave propagation

The propagation of an electrostatic wave packet inside a collisionless and initially Maxwellian plasma is always dissipative because of the irreversible acceleration of the electrons by the wave. Then, in the linear regime, the wave packet is Landau damped, so that in the reference frame moving at the group velocity, the wave amplitude decays exponentially with time. In the nonlinear regime, once phase mixing has occurred and when the electron motion is nearly adiabatic, the damping rate is strongly reduced compared to the Landau one, so that the wave amplitude remains nearly constant along the characteristics. Yet, we show here that the electrons are still globally accelerated by the wave packet, and, in one dimension, this leads to a non local amplitude dependence of the group velocity. As a result, a freely propagating wave packet would shrink, and, therefore, so would its total energy. In more than one dimension, not only does the magnitude of the group velocity nonlinearly vary, but also its direction. In the weakly nonlinear regime, when the collisionless damping rate is still significant compared to its linear value, this leads to an effective defocussing effect which we quantify, and which we compare to the self-focussing induced by wave front bowing.Comment: 23 pages, 6 figure

Deep semi-supervised segmentation with weight-averaged consistency targets

Recently proposed techniques for semi-supervised learning such as Temporal Ensembling and Mean Teacher have achieved state-of-the-art results in many important classification benchmarks. In this work, we expand the Mean Teacher approach to segmentation tasks and show that it can bring important improvements in a realistic small data regime using a publicly available multi-center dataset from the Magnetic Resonance Imaging (MRI) domain. We also devise a method to solve the problems that arise when using traditional data augmentation strategies for segmentation tasks on our new training scheme.Comment: 8 pages, 1 figure, accepted for DLMIA/MICCA

Nutritional status and nutritional treatment are related to outcomes and mortality in older adults with hip fracture

Malnutrition is very prevalent in geriatric patients with hip fracture. Nevertheless, its importance is not fully recognized. The objective of this paper is to review the impact of malnutrition and of nutritional treatment upon outcomes and mortality in older people with hip fracture. We searched the PubMed database for studies evaluating nutritional aspects in people aged 70 years and over with hip fracture. The total number of studies included in the review was 44, which analyzed 26,281 subjects (73.5% women, 83.6 ± 7.2 years old). Older people with hip fracture presented an inadequate nutrient intake for their requirements, which caused deterioration in their already compromised nutritional status. The prevalence of malnutrition was approximately 18.7% using the Mini-Nutritional Assessment (MNA) (large or short form) as a diagnostic tool, but the prevalence was greater (45.7%) if different criteria were used (such as Body Mass Index (BMI), weight loss, or albumin concentration). Low scores in anthropometric indices were associated with a higher prevalence of complications during hospitalization and with a worse functional recovery. Despite improvements in the treatment of geriatric patients with hip fracture, mortality was still unacceptably high (30% within 1 year and up to 40% within 3 years). Malnutrition was associated with an increase in mortality. Nutritional intervention was cost effective and was associated with an improvement in nutritional status and a greater functional recovery. To conclude, in older people, the prevention of malnutrition and an early nutritional intervention can improve recovery following a hip fracture

The Statistics of the Number of Minima in a Random Energy Landscape

We consider random energy landscapes constructed from d-dimensional lattices or trees. The distribution of the number of local minima in such landscapes follows a large deviation principle and we derive the associated law exactly for dimension 1. Also of interest is the probability of the maximum possible number of minima; this probability scales exponentially with the number of sites. We calculate analytically the corresponding exponent for the Cayley tree and the two-leg ladder; for 2 to 5 dimensional hypercubic lattices, we compute the exponent numerically and compare to the Cayley tree case.Comment: 18 pages, 8 figures, added background on landscapes and reference

Phonon anharmonicity and negative thermal expansion in SnSe

The anharmonic phonon properties of SnSe in the Pnma phase were investigated with a combination of experiments and first-principles simulations. Using inelastic neutron scattering (INS) and nuclear resonant inelastic X-ray scattering (NRIXS), we have measured the phonon dispersions and density of states (DOS) and their temperature dependence, which revealed a strong, inhomogeneous shift and broadening of the spectrum on warming. First-principles simulations were performed to rationalize these measurements, and to explain the previously reported anisotropic thermal expansion, in particular the negative thermal expansion within the Sn-Se bilayers. Including the anisotropic strain dependence of the phonon free energy, in addition to the electronic ground state energy, is essential to reproduce the negative thermal expansion. From the phonon DOS obtained with INS and additional calorimetry measurements, we quantify the harmonic, dilational, and anharmonic components of the phonon entropy, heat capacity, and free energy. The origin of the anharmonic phonon thermodynamics is linked to the electronic structure.Comment: 14 pages, 12 figure

Product development for play therapy : stimulating children with learning disabilities through the use of their own senses

Published ArticleVarious, multidisciplinary approaches can be used for the treatment of children with learning disabilities (LD). A multidisciplinary approach can include play therapy, remedial therapy, physiotherapy as well as a stimulant medication. The aim of this study was to determine whether there is a difference between children with LD and children without LD in terms of differential-sensitivity. Twenty children that have been diagnosed with LD and twenty children without LD participated in and completed a range of actions such as interacting with a number of objects of different colours, sound stimuli, smell stimuli and a two-touch stimulus. The study found that children with LD have more difficulty in identifying their senses and its functions than children without LD. It could thus be possible that if sensory stimulants were integrated into play therapy mediums, that the unidentified child with LD could be identified earlier in that child's life

Interaction between a rough bed and an adjacent smooth bed in open-channel flow

Experiments are conducted in an open-channel flow where half of the section is smooth and the other half consists of an array of cubes, which are either submerged or emergent. A shear layer featuring large-scale Kelvin–Helmholtz structures develops between the two subsections. The flows are first analysed in the framework of the double-averaging method (averaging of the flow both in time and space). Double averaging could be performed thanks to an experimental set-up (three-dimensional, two-component telecentric scanning particle image velocimetry) that allows to measure the velocity field in a large volume, including the interstices between the cubes. A momentum balance performed on the smooth subsection indicates that the loss of momentum towards the rough subsection has the same order of magnitude than the momentum loss through bed friction. This lateral momentum flux occurs nearly exclusively through turbulent shear stress, whereas secondary currents plays a minor role and dispersive shear stress is negligible. A pattern recognition technique is then applied to investigate statistically the large-scale Kelvin–Helmholtz structures that develop in the shear layer. The structures appear to be coherent over the water depth and to be strongly inclined in the vertical, the top part being ahead. The educed coherent structure is responsible by itself for the shape of the velocity profile across the shear layer and for a large part of the turbulence (up to 60 % for the turbulent shear stress). Finally, a coupling is identified between the passage of the Kelvin–Helmholtz structures and the instantaneous wake flow around the cubes at the interface