AGAINST MECHANISM: METHODOLOGY FOR AN EVOLUTIONARY ECONOMICS

When the first economics departments were proposed at Cambridge and Oxford, the proponents thought acceptance would be improved if economics could be seen as incorporating the methods of physics. The enterprise was premised on the existence of economic laws that describe invariant relationships between events. These event regularities, like gravity, were not affected by human action. Humans could adapt and use them, but not change them. Thus the metaphor of "mechanism" seemed appropriate and became embedded in economists' language. It is common to use the term market mechanism to link prices and commodities. This suggests the economy is like turning a crank attached to a set of gears where there is a fixed relationship between the crank's motion and the last gear's motion. The gears have no ideas of their own, they don't get mad; there is no cognitive element between events and action.Institutional and Behavioral Economics,

Heun equation, Teukolsky equation, and type-D metrics

Starting with the whole class of type-D vacuum backgrounds with cosmological constant we show that the separated Teukolsky equation for zero rest-mass fields with spin $s=\pm 2$ (gravitational waves), $s=\pm 1$ (electromagnetic waves) and $s=\pm 1/2$ (neutrinos) is an Heun equation in disguise.Comment: 27 pages, corrected typo in eq. (1

Observation of asymmetric spectrum broadening induced by silver nanoparticles in a heavy-metal oxide glass

We demonstrate experimentally and support by a theoretical analysis an effect of asymmetric spectrum broadening, which results from doping of silver nanoparticles into a heavy-glass matrix, 90(0.5WO3-0.3SbPO4-0.2PbO)-10AgCl. The strong dispersion of the effective nonlinear coefficient of the composite significantly influences the spectral broadening via the self-phase modulation, and leads to a blue upshift of the spectrum. Further extension of the spectrum towards shorter wavelengths is suppressed by a growing loss caused by the plasmon resonance in the silver particles. The red-edge spectral broadening is dominated by the stimulated Raman Scattering.Comment: Accepted for publishing epl13477; EPL Journal 201

Quantum Cournot equilibrium for the Hotelling-Smithies model of product choice

This paper demonstrates the quantization of a spatial Cournot duopoly model with product choice, a two stage game focusing on non-cooperation in locations and quantities. With quantization, the players can access a continuous set of strategies, using continuous variable quantum mechanical approach. The presence of quantum entanglement in the initial state identifies a quantity equilibrium for every location pair choice with any transport cost. Also higher profit is obtained by the firms at Nash equilibrium. Adoption of quantum strategies rewards us by the existence of a larger quantum strategic space at equilibrium.Comment: 13 pages, 6 tables, 8 figure

Home range and habitat use by Kemp's Ridley turtles in West-Central Florida

The Kemp's ridley turtle (Lepidochelys kempii) is an endangered species whose recovery depends in part on the identification and protection of required habitats. We used radio and sonic telemetry on subadult Kemp's ridley turtles to investigate home-range size and habitat use in the coastal waters of west-central Florida from 1994 to 1996. We tracked 9 turtles during May-August up to 70 days after release and fou.ld they occupied 5-30 km2 foraging ranges. Compositional analyses indicated that turtles used rock outcroppings in their foraging ranges at a significantly higher proportion than expected. based on availability within the study area. Additionally. turtles used live bottom (e.g .• sessile invertebrates) and green macroalgae habitats significantly more than seagrass habitat. Similar studies are needed through'mt the Kemp's ridley turtles' range to investigate regional and stage-specific differences in habitat use. which can then be used to conserve important foraging areas

Influence of correlations on molecular recognition

The influence of the patchiness and correlations in the distribution of hydrophobic and polar residues at the interface between two rigid biomolecules on their recognition ability is investigated in idealised coarse-grained lattice models. A general two-stage approach is utilised where an ensemble of probe molecules is designed first and the recognition ability of the probe ensemble is related to the free energy of association with both the target molecule and a different rival molecule in a second step. The influence of correlation effects are investigated using numerical Monte Carlo techniques and mean field methods. Correlations lead to different optimum characteristic lengths of the hydrophobic and polar patches for the mutual design of the two biomolecules on the one hand and their recognition ability in the presence of other molecules on the other hand.Comment: 15 pages, 5 figure

Phase Behaviour of Amphiphilic Monolayers: Theory and Simulation

Coarse grained models of monolayers of amphiphiles (Langmuir monolayers) have been studied theoretically and by computer simulations. We discuss some of the insights obtained with this approach, and present new simulation results which show that idealised models can successfully reproduce essential aspects of the generic phase behaviour of Langmuir monolayers.Comment: To appear in J. Phys.: Cond. Matte