4,367 research outputs found
Risk and Growth: Theoretical Relationships and Preliminary Estimates for South Africa
In the recent literature on economic growth there is disagreement over the relationship between growth and volatility and their relative benefits and costs in welfare terms. An analytical resolution of this issue, which has serious implications for domestic and international development policies, has been seen to be contingent upon how relative risk aversion and intertemporal substitutability are related in frameworks characterizing utility maximization of representative agents. It is commonly assumed that these aspects of preferences are rigidly linked, casting doubt on the expected utility maximizing paradigm as an appropriate modeling methodology for analyzing this important issue. In this paper it is first shown that these concerns are only relevant for special functional forms that enforce a unitary consumption elasticity of wealth. Next, a theoretical approach is employed to specify a more general relationship between risk aversion and intertemporal substitutability. The theoretical model is developed in the context of a two country representative agent model where risk affects domestic and direct foreign investment in both countries. The two country orientation is also capable of interpretation of the relationship between one country and the rest of the world. In a preliminary empirical application of the methodology to South African data, we attempt estimation of the parameters of generalized functions for preferences and technology which are capable of distinguishing between risk aversion and intertemporal substitutability.
Ion specificity and the theory of stability of colloidal suspensions
A theory is presented which allow us to accurately calculate the critical
coagulation concentration (CCC) of hydrophobic colloidal suspensions. For
positively charged particles the CCC's follow the Hofmeister (lyotropic)
series. For negatively charged particles the series is reversed. We find that
strongly polarizable chaotropic anions are driven towards the colloidal surface
by electrostatic and hydrophobic forces. Within approximately one ionic radius
from the surface, the chaotropic anions loose part of their hydration sheath
and become strongly adsorbed. The kosmotropic anions, on the other hand, are
repelled from the hydrophobic surface. The theory is quantitatively accurate
without any adjustable parameters. We speculate that the same mechanism is
responsible for the Hofmeister series that governs stability of protein
solutions.Comment: Phys. Rev. Lett. (in press
Systematic characterization of thermodynamic and dynamical phase behavior in systems with short-ranged attraction
In this paper we demonstrate the feasibility and utility of an augmented
version of the Gibbs ensemble Monte Carlo method for computing the phase
behavior of systems with strong, extremely short-ranged attractions. For
generic potential shapes, this approach allows for the investigation of
narrower attractive widths than those previously reported. Direct comparison to
previous self-consistent Ornstein-Zernike approximation calculations are made.
A preliminary investigation of out-of-equilibrium behavior is also performed.
Our results suggest that the recent observations of stable cluster phases in
systems without long-ranged repulsions are intimately related to gas-crystal
and metastable gas-liquid phase separation.Comment: 10 pages, 8 figure
Complete bandgaps in one-dimensional left-handed periodic structures
Artificially fabricated structures with periodically modulated parameters
such as photonic crystals offer novel ways of controlling the flow of light due
to the existence of a range of forbidden frequencies associated with a photonic
bandgap. It is believed that modulation of the refractive index in all three
spatial dimensions is required to open a complete bandgap and prevent the
propagation of electromagnetic waves in all directions. Here we reveal that, in
a sharp contrast to what was known before and contrary to the accepted physical
intuition, a one-dimensional periodic structure containing the layers of
transparent left-handed (or negative-index) metamaterial can trap light in
three-dimensional space due to the existence of a complete bandgap.Comment: 4 pages, 5 figure
Remote sensing applications in forestry. The development of an earth resources information system using aerial photographs and digital computers photographs and digital computers
Remote aerial sensing and automatic mapping for forest resources information syste
Reverse-selective diffusion in nanocomposite membranes
The permeability of certain polymer membranes with impenetrable
nanoinclusions increases with the particle volume fraction (Merkel et al.,
Science, 296, 2002). This intriguing observation contradicts even qualitative
expectations based on Maxwell's classical theory of conduction/diffusion in
composites with homogeneous phases. This letter presents a simple theoretical
interpretation based on classical models of diffusion and polymer physics. An
essential feature of the theory is a polymer-segment depletion layer at the
inclusion-polymer interface. The accompanying increase in free volume leads to
a significant increase in the local penetrant diffusivity, which, in turn,
increases the bulk permeability while exhibiting reverse selectivity. This
model captures the observed dependence of the bulk permeability on the
inclusion size and volume fraction, providing a straightforward connection
between membrane microstructure and performance
Critical behaviors of sheared frictionless granular materials near jamming transition
Critical behaviors of sheared dense and frictionless granular materials in
the vicinity of the jamming transition are numerically investigated. From the
extensive molecular dynamics simulation, we verify the validity of the scaling
theory near the jamming transition proposed by Otsuki and Hayakawa (Prog.
Theor. Phys., 121, 647 (2009)). We also clarify the critical behaviors of the
shear viscosity and the pair correlation function based on both a phenomenology
and the simulation.Comment: 13pages, 26 figure
ELAN as flexible annotation framework for sound and image processing detectors
Annotation of digital recordings in humanities research still is, to a largeextend, a process that is performed manually. This paper describes the firstpattern recognition based software components developed in the AVATecH projectand their integration in the annotation tool ELAN. AVATecH (AdvancingVideo/Audio Technology in Humanities Research) is a project that involves twoMax Planck Institutes (Max Planck Institute for Psycholinguistics, Nijmegen,Max Planck Institute for Social Anthropology, Halle) and two FraunhoferInstitutes (Fraunhofer-Institut fĂĽr Intelligente Analyse- undInformationssysteme IAIS, Sankt Augustin, Fraunhofer Heinrich-Hertz-Institute,Berlin) and that aims to develop and implement audio and video technology forsemi-automatic annotation of heterogeneous media collections as they occur inmultimedia based research. The highly diverse nature of the digital recordingsstored in the archives of both Max Planck Institutes, poses a huge challenge tomost of the existing pattern recognition solutions and is a motivation to makesuch technology available to researchers in the humanities
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