Geometrically stopped Markovian random growth processes and Pareto tails

Many empirical studies document power law behavior in size distributions of economic interest such as cities, firms, income, and wealth. One mechanism for generating such behavior combines independent and identically distributed Gaussian additive shocks to log-size with a geometric age distribution. We generalize this mechanism by allowing the shocks to be non-Gaussian (but light-tailed) and dependent upon a Markov state variable. Our main results provide sharp bounds on tail probabilities, a simple equation determining Pareto exponents, and comparative statics. We present two applications: we show that (i) the tails of the wealth distribution in a heterogeneous-agent dynamic general equilibrium model with idiosyncratic investment risk are Paretian, and (ii) a random growth model for the population dynamics of Japanese municipalities is consistent with the observed Pareto exponent but only after allowing for Markovian dynamics

Toda Lattice Solutions of Differential-Difference Equations for Dissipative Systems

In a certain class of differential-difference equations for dissipative systems, we show that hyperbolic tangent model is the only the nonlinear system of equations which can admit some particular solutions of the Toda lattice. We give one parameter family of exact solutions, which include as special cases the Toda lattice solutions as well as the Whitham's solutions in the Newell's model. Our solutions can be used to describe temporal-spatial density patterns observed in the optimal velocity model for traffic flow.Comment: Latex, 13 pages, 1 figur

Quenching of phase coherence in quasi-one dimensional ring crystals

The comparison of the single-particle (SP) dynamics between the whisker and ring NbSe$_3$ crystals provides new insight into the phase transition properties in quasi-one-dimensional charge density wave (CDW) systems.Comment: 9 pages, 4 figure

Pump- and Probe-polarization Analyses of Ultrafast Carrier Dynamics in Organic Superconductors

We investigated photo-excited carrier relaxation dynamics in the strongly correlated organic superconductors kappa-(BEDT-TTF)(2)Cu(NCS)(2) and kappa-(BEDT-TTF)(2)Cu[N(CN)(2)]Br, using different polarizations of pump and probe pulses. Below the glasslike transition temperature (T (g)) anisotropic responses for probe polarization were observed in both compounds. Decomposing the data into anisotropic and isotropic components, we found the anisotropic component shows no pump polarization dependence, meaning that dissipative excitation process was dominant for the anisotropic carrier relaxation. This behavior indicates that the appearance of anisotropic responses can be associated with spatial symmetry breaking due to structural change of BEDT-TTF molecules

Rotor eddy-current loss in permanent magnet brushless machines

This paper presents an analysis of the rotor eddy-current loss in modular and conventional topologies of permanent magnet brushless machine. The loss is evaluated both analytically and by time-stepped finite-element analysis, and it is shown that it can be significant in both machine topologies. It is also shown that the loss can be reduced significantly by segmenting the magnets

Quasi-Solitons in Dissipative Systems and Exactly Solvable Lattice Models

A system of first-order differential-difference equations with time lag describes the formation of density waves, called as quasi-solitons for dissipative systems in this paper. For co-moving density waves, the system reduces to some exactly solvable lattice models. We construct a shock-wave solution as well as one-quasi-soliton solution, and argue that there are pseudo-conserved quantities which characterize the formation of the co-moving waves. The simplest non-trivial one is given to discuss the presence of a cascade phenomena in relaxation process toward the pattern formation.Comment: REVTeX, 4 pages, 1 figur