On one-dimensional stretching functions for finite-difference calculations

The class of one-dimensional stretching functions used in finite-difference calculations is studied. For solutions containing a highly localized region of rapid variation, simple criteria for a stretching function are derived using a truncation error analysis. These criteria are used to investigate two types of stretching functions. One is an interior stretching function, for which the location and slope of an interior clustering region are specified. The simplest such function satisfying the criteria is found to be one based on the inverse hyperbolic sine. The other type of function is a two-sided stretching function, for which the arbitrary slopes at the two ends of the one-dimensional interval are specified. The simplest such general function is found to be one based on the inverse tangent

Disposition in the Carbon Market and Institutional Constraints

This paper investigates the impact of banking and submission constraints, set by the EU Emission Trading Scheme, on the efficiency of the carbon permits spot market using intra-daily data. My aim is to identify whether there is a Disposition effect in the spot market. I will examine a data set that includes spot prices for the First and Second Phases of the Scheme from 24 June 2005 to 07 August 2009. I find that the Disposition effect is significantly high at the beginning of each Phase and decreases close to the first compliance event. In the light of these results I propose a lifting of the ban on banking between Phases and an increased emissions information disclosure in order to increase the efficiency of the Scheme.Carbon market, Psychological biases, Institutional constraints

On One-Dimensional Stretching Functions for Finite-Difference Calculations

The class of one dimensional stretching function used in finite difference calculations is studied. For solutions containing a highly localized region of rapid variation, simple criteria for a stretching function are derived using a truncation error analysis. These criteria are used to investigate two types of stretching functions. One is an interior stretching function, for which the location and slope of an interior clustering region are specified. The simplest such function satisfying the criteria is found to be one based on the inverse hyperbolic sine. The other type of function is a two sided stretching function, for which the arbitrary slopes at the two ends of the one dimensional interval are specified. The simplest such general function is found to be one based on the inverse tangent. The general two sided function has many applications in the construction of finite difference grids

Flux Jacobian matrices and generaled Roe average for an equilibrium real gas

Inviscid flux Jacobian matrices and their properties used in numerical solutions of conservation laws are extended to general, equilibrium gas laws. Exact and approximate generalizations of the Roe average are presented. Results are given for one-dimensional flow, and then extended to three-dimensional flow with time-varying grids

Driven Dynamics of Periodic Elastic Media in Disorder

We analyze the large-scale dynamics of vortex lattices and charge density waves driven in a disordered potential. Using a perturbative coarse-graining procedure we present an explicit derivation of non-equilibrium terms in the renormalized equation of motion, in particular Kardar-Parisi-Zhang non-linearities and dynamic strain terms. We demonstrate the absence of glassy features like diverging linear friction coefficients and transverse critical currents in the drifting state. We discuss the structure of the dynamical phase diagram containing different elastic phases very small and very large drive and plastic phases at intermediate velocity.Comment: 21 pages Latex with 4 figure