Extending Luttinger's theorem to Z(2) fractionalized phases of matter

Luttinger's theorem for Fermi liquids equates the volume enclosed by the Fermi surface in momentum space to the electron filling, independent of the strength and nature of interactions. Motivated by recent momentum balance arguments that establish this result in a non-perturbative fashion [M. Oshikawa, Phys. Rev. Lett. {\bf 84}, 3370 (2000)], we present extensions of this momentum balance argument to exotic systems which exhibit quantum number fractionalization focussing on $Z_2$ fractionalized insulators, superfluids and Fermi liquids. These lead to nontrivial relations between the particle filling and some intrinsic property of these quantum phases, and hence may be regarded as natural extensions of Luttinger's theorem. We find that there is an important distinction between fractionalized states arising naturally from half filling versus those arising from integer filling. We also note how these results can be useful for identifying fractionalized states in numerical experiments.Comment: 24 pages, 5 eps figure

Does certification work in emerging markets? evidence from the Indian IPO market

There is inconclusive evidence regarding the economic value of certification in the context of IPOs in developed markets. Using a natural experiment of regulator mandated IPO grading requirement, we examine the effects of third-party certification in the Indian IPO market. We summarize our empirical results below. First, underpricing is unaffected by the grading process. Second, stock price informativeness as proxied by idiosyncratic volatility increases significantly due to IPO grading process. Third, retail and institutional subscription levels are significantly positively associated with IPO grades after controlling for other certification mechanisms such as underwriter reputation, group affiliation, analyst recommendation and venture capital backing. Finally, using a pseudo grading process we conclude that IPO grades are not mechanically derivable from publicly available information. In a nutshell, we use our unique setting to examine the usefulness of certification in emerging markets with institutional voids

Anomalous Zeeman response in coexisting phase of superconductivity and spin-density wave as a probe of extended ss-wave pairing structure in ferro-pnictide

In several members of the ferro-pnictides, spin density wave (SDW) order coexists with superconductivity over a range of dopings. In this letter we study the anomalous magnetic Zeeman response of this coexistence state and show that it can be used to confirm the extended s-wave gap structure as well as structure of superconducting (SC) gap in coexisting phase. On increasing the field, a strongly anisotropic reduction of SC gap is found. The anisotropy is directly connected to the gap structure of superconducting phase. The signature of this effect in quasiparticle interference measured by STM, as well as heat transport in magnetic field is discussed. For the compounds with the nodal SC gap we show that the nodes are removed upon formation of SDW. Interestingly the size of the generated gap in the originally nodal areas is anisotropic in the position of the nodes over the Fermi surface in direct connection with the form of SC pairing.Comment: 5 pages, 2 figure