Aghion And Howitt’s Basic Schumpeterian Model Of Growth Through Creative Destruction: A Geometric Interpretation

The present paper takes a geometric approach to characterize the competitive forces behind innovation and dynamic general equilibria determination in the model of growth through creative destruction constructed by Aghion and Howitt (1992). All can be comprehended intuitively from the geometric presentation. While Aghion and Howitt‘s original presentation of the basic model was essentially analytical, often with fairly intricate mathematics focusing on stationary equilibria with positive growth, the geometric presentation taken here has the benefit of making what in the original paper was a bundle of mathematical notation more comprehensible intuitively.Endogenous growth, innovation, creative destruction, general equilibrium

The determinants of demand in football matches during the 2007 Brazilian Championship

In view of the structural changes experienced by Brazilian football as a whole, which is becoming better regulated and more transparently managed, it is necessary to examine the factors that now determine the attendance at football matches. This paper aims to examine the demand for tickets in the 2007 Brazilian Championship games, the main competition in that sport in the country, based on the methodology created by Souza and Angelo (2004), which conducted a study for the championship of 2002. The present study, using the Ordinary Least Squares method, showed that in 2007 the demand for football was price-inelastic, but no inference can be made with respect to income. Moreover, in general, the determinants were found to be steady.microeconomics, economics of sports, theory of demand, attendance

Maximum Entropy Inferences on the Axion Mass in Models with Axion-Neutrino Interaction

In this work we use the Maximum Entropy Principle (MEP) to infer the mass of an axion which interacts to photons and neutrinos in an effective low energy theory. The Shannon entropy function to be maximized is suitably defined in terms of the axion branching ratios. We show that MEP strongly constrains the axion mass taking into account the current experimental bounds on the neutrinos masses. Assuming that the axion is massive enough to decay into all the three neutrinos and that MEP fixes all the free parameters of the model, the inferred axion mass is in the interval $0.1\$eV$\ <m_{A}<0.2$ eV, which can be tested by forthcoming experiments such as IAXO. However, even in the case where MEP fixes just the axion mass and no other parameter, we found that $0.1$ eV $< m_A < 6.3$ eV in the DFSZ model with right-handed neutrinos. Moreover, a light axion, allowed to decay to photons and the lightest neutrino only, is determined by MEP as a viable dark matter candidate.Comment: 13 pages, 5 figures, typos corrected, figures update

Inferences on the Higgs Boson and Axion Masses through a Maximum Entropy Principle

The Maximum Entropy Principle (MEP) is a method that can be used to infer the value of an unknown quantity in a set of probability functions. In this work we review two applications of MEP: one giving a precise inference of the Higgs boson mass value; and the other one allowing to infer the mass of the axion. In particular, for the axion we assume that it has a decay channel into pairs of neutrinos, in addition to the decay into two photons. The Shannon entropy associated to an initial ensemble of axions decaying into photons and neutrinos is then built for maximization.Comment: Contributed to the 13th Patras Workshop on Axions, WIMPs and WISPs, Thessaloniki, May 15 to 19, 201