12,663 research outputs found

    Gutzwiller Monte Carlo approach for a critical dissipative spin model

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    We use the Gutzwiller Monte Carlo approach to simulate the dissipative XYZ-model in the vicinity of a dissipative phase transition. This approach captures classical spatial correlations together with the full on-site quantum behavior, while neglecting non-local quantum effects. By considering finite two-dimensional lattices of various sizes, we identify a ferromagnetic and two paramagnetic phases, in agreement with earlier studies. The greatly reduced numerical complexity the Gutzwiller Monte Carlo approach facilitates efficient simulation of relatively large lattice sizes. The inclusion of the spatial correlations allows to describe critical behavior which is completely missed by the widely applied Gutzwiller decoupling of the density matrix

    Regional economic impacts of a plant disease incursion using a general equilibrium approach

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    The present study uses a dynamic multiregional computable general equilibrium (CGE) model to estimate the micro- andmacroeconomic effects of a hypothetical disease or pest outbreak. Our example is a Karnal bunt incursion in wheat in Western Australia. The extent of the incursion, the impact of the disease or pest on plant yields, the response of buyers, the costs of eradication and the time path of the scenario contribute to outcomes at the industry, regional, state and national levels. We decompose the contribution of these individual direct effects to the overall impact of the incursion. This might provide some guidance regarding areas for priority in attempting to eradicate or minimise the impacts of a disease or pest. The study also introduces a theory of dynamic regional labour adjustment in which economic events may lead to both real wage differentials and worker migration between regions.Crop Production/Industries,

    War of Attrition: Evidence from a Laboratory Experiment on Market Exit

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    We report an experiment designed to study whether inecient rms are systematically driven from overcrowded markets. We implement a series of 3800 wars of attrition of a type modeled in Fudenberg and Tirole (1986). Exit tends to be ecient and exit times conform reasonably well to point predictions of the model. Moreover, we nd that subjects respond similarly to implementations framed in terms of losses as they do to those framed in terms of gains.Market exit, war of attrition, experimental economics

    Closing Time: Removing the State of Oklahoma from Alcohol Regulation in Indian Country

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