On the receiver pays principle

This paper extends the theory of network competition between telecommunications operators by allowing receivers to derive a surplus from receiving calls (call externality) and to affect the volume of communications by hanging up (receiver sovereignty). We investigate the extent to which receiver charges can lead to an internalization of the calling externality. When the receiver charge and the termination (access) charge are both regulated, there exists an e±cient equilibrium. Effciency requires a termination discount. When reception charges are market determined, it is optimal for each operator to set the prices for emission and reception at their off-net costs. For an appropriately chosen termination charge, the symmetric equilibrium is again effcient. Lastly, we show that network-based price discrimination creates strong incentives for connectivity breakdowns, even between equal networks.Networks, interconnection, competition policy

Balance sheet capacity and endogenous risk

Banks operating under Value-at-Risk constraints give rise to a welldefined aggregate balance sheet capacity for the banking sector as a whole that depends on total bank capital. Equilibrium risk and market risk premiums can be solved in closed form as functions of aggregate bank capital. We explore the empirical properties of the model in light of recent experience in the financial crisis and highlight the importance of balance sheet capacity as the driver of the financial cycle and market risk premiums

The pricing of academic journals: A two-sided market perspective

More and more academic journals adopt an open-access policy, by which articles are accessible free of charge, while publication costs are recovered through author fees. We study the consequences of this open access policy on a journal’s quality standard. If the journal’s objective was to maximize social welfare, open access would be optimal as long as the positive externalities generated by its diffusion exceed the marginal cost of distribution. However, we show that if an open access journal has a different objective (such as maximizing readers’ payoffs, the impact of the journal or its profit), it tends to choose a quality standard below the socially efficient level.Academic Journals, Open-Access, Reader-Pays, Two-Sided Market, Endogenous Quality

Distributed Random Access Algorithm: Scheduling and Congesion Control

This paper provides proofs of the rate stability, Harris recurrence, and epsilon-optimality of CSMA algorithms where the backoff parameter of each node is based on its backlog. These algorithms require only local information and are easy to implement. The setup is a network of wireless nodes with a fixed conflict graph that identifies pairs of nodes whose simultaneous transmissions conflict. The paper studies two algorithms. The first algorithm schedules transmissions to keep up with given arrival rates of packets. The second algorithm controls the arrivals in addition to the scheduling and attempts to maximize the sum of the utilities of the flows of packets at the different nodes. For the first algorithm, the paper proves rate stability for strictly feasible arrival rates and also Harris recurrence of the queues. For the second algorithm, the paper proves the epsilon-optimality. Both algorithms operate with strictly local information in the case of decreasing step sizes, and operate with the additional information of the number of nodes in the network in the case of constant step size

Ising phases of Heisenberg ladders in a magnetic field

We examine the influence of weak anisotropic interactions on the T=0 phase diagram of the frustrated two-leg Heisenberg ladder, a well-studied spin model exhibiting integer and fractional magnetization plateaux separated by gapless incommensurate states. We find that the Dzyaloshinskii--Moriya coupling may substantially modify the phase diagram so that the half-integer plateau and the surrounding gapless phases merge into a single Ising-ordered phase breaking the translational symmetry of the lattice. A different Ising order is found for a weakly frustrated ladder. Implications for experimental ladder and dimer systems are discussed.Comment: 5 pages, 5 figure

The EPOCH Project: I. Periodic variable stars in the EROS-2 LMC database

The EPOCH (EROS-2 periodic variable star classification using machine learning) project aims to detect periodic variable stars in the EROS-2 light curve database. In this paper, we present the first result of the classification of periodic variable stars in the EROS-2 LMC database. To classify these variables, we first built a training set by compiling known variables in the Large Magellanic Cloud area from the OGLE and MACHO surveys. We crossmatched these variables with the EROS-2 sources and extracted 22 variability features from 28 392 light curves of the corresponding EROS-2 sources. We then used the random forest method to classify the EROS-2 sources in the training set. We designed the model to separate not only $\delta$ Scuti stars, RR Lyraes, Cepheids, eclipsing binaries, and long-period variables, the superclasses, but also their subclasses, such as RRab, RRc, RRd, and RRe for RR Lyraes, and similarly for the other variable types. The model trained using only the superclasses shows 99% recall and precision, while the model trained on all subclasses shows 87% recall and precision. We applied the trained model to the entire EROS-2 LMC database, which contains about 29 million sources, and found 117 234 periodic variable candidates. Out of these 117 234 periodic variables, 55 285 have not been discovered by either OGLE or MACHO variability studies. This set comprises 1 906 $\delta$ Scuti stars, 6 607 RR Lyraes, 638 Cepheids, 178 Type II Cepheids, 34 562 eclipsing binaries, and 11 394 long-period variables. A catalog of these EROS-2 LMC periodic variable stars will be available online at http://stardb.yonsei.ac.kr and at the CDS website (http://vizier.u-strasbg.fr/viz-bin/VizieR).Comment: 18 pages, 20 figures, suggseted language-editing by the A&A editorial office is applie

Effect of venting range hood flow rate on size-resolved ultrafine particle concentrations from gas stove cooking

Cooking is the main source of ultrafine particles (UFP) in homes. This study investigated the effect of venting range hood flow rate on size-resolved UFP concentrations from gas stove cooking. The same cooking protocol was conducted 60 times using three venting range hoods operated at six flow rates in twin research houses. Size-resolved particle (10–420 nm) concentrations were monitored using a NanoScan scanning mobility particle sizer (SMPS) from 15 min before cooking to 3 h after the cooking had stopped. Cooking increased the background total UFP number concentrations to 1.3 × 103 particles/cm3 on average, with a mean exposure-relevant source strength of 1.8 × 1012 particles/min. Total particle peak reductions ranged from 25% at the lowest fan flow rate of 36 L/s to 98% at the highest rate of 146 L/s. During the operation of a venting range hood, particle removal by deposition was less significant compared to the increasing air exchange rate driven by exhaust ventilation. Exposure to total particles due to cooking varied from 0.9 to 5.8 × 104 particles/cm3·h, 3 h after cooking ended. Compared to the 36 L/s range hood, higher flow rates of 120 and 146 L/s reduced the first-hour post-cooking exposure by 76% and 85%, respectively. © 2018 Crown Copyright. Published with license by Taylor & Francis Group, LLC