8,065 research outputs found
Phase Transition of Finite Size Quark Droplets with Isospin Chemical Potential in the Nanbu--Jona-Lasinio Model
Making use of the NJL model and the multiple reflection expansion
pproximation, we study the phase transition of the finite size droplet with u
and d quarks. We find that the dynamical masses of u, d quarks are different,
and the chiral symmetry can be restored at different critical radii for u, d
quark. It rovides a clue to understand the effective nucleon mass splitting in
nuclear matter. Meanwhile, it shows that the maximal isospin chemical potential
at zero temperature is much smaller than the mass of pion in free space.Comment: 12 pages, 3 figures. To appear in Physical Review
THE BALANCE EFFECT OF REARFOOT WEDGES WITH DIFFERENT HEIGHT FOR COLLEGIATE STUDENTS WITH CHRONIC ANKLE INSTABILITY: PILOT STUDY
Chronic ankle instability (CAI) is caused by recurrent lateral ankle sprain. Foot orthotic is one option of treatment. The purpose of this study was to determinate the balance effect of rearfoot wedges with different height in collegiate students with chronic ankle instability. Eight collegiate students with CAI subjects were voluntarily particapated in this study. The area of center of pressure was used as balance variable of outcome measurement. Seven height of rearfoot wedge was used to test, included 0°, 2°, 4°, 6° of medial wedge and 2°, 4°, 6° of lateral wedge. One-way ANOVA was used to analyze the difference among sevent height of wedge intervention in CAI group. The results were showed no significantly difference among seven height of wedge intervention. However, we found a trend of balance improvement with the wedge intervention, especially in 4 degrees of medial wedge intervention
Study of Primary and Internal Resonance on 3D Free-Free Double-Section Beam
This work investigates the primary resonance and internal resonance of a double-section beam with cubic nonlinearities. This model can be applied in a wide range of engineering problems, such as rocket and missile structures. Even space technology has been developed for decades; several nonlinear properties deserve further study, especially, for the internal resonance. The method of multiple scales (a perturbation technique) is employed to analyze this nonlinear problem. This study focuses on finding the forcing conditions of this 3D double-section beam to trigger the often-ignored internal resonance or prime resonance in rocket structures. A primary resonance is found on a uniform free-free beam at certain flight speed. The three-to-one internal resonance of the double-section beam occurs within the first and the second modes in the diameter ratio of 1/0.75 with the length ratio of 0.33 or 0.51. The semi-analytical results are verified by the time marching numerical method
Commodity Futures Manipulation: Theory, Evidence, and Regulatory Implications
PhDThis thesis is a collection of four separate papers with a core theme: commodity futures
manipulation. It aims to answer three important questions. How vulnerable are futures
markets to manipulation? What are the effects of manipulation? How should futures
markets be regulated?
We first set up a one-shot game-theoretical model (Chapter 2) with certain classes of
heterogeneously informed traders to consider how vulnerable a futures market to manipulation
is, what influences this vulnerability and how manipulation affects the functioning
of the market. This model predicts that futures manipulation may occur in equilibrium
with a positive possibility if the deliverable supply is less than perfectly elastic, and
the large trader possesses a certain amount of private information (here relating to his
"type"), and more important, the functioning of futures markets is adversely affected by
manipulation.
In Chapter 3, we attempt to extend the above analysis into a dynamic context with
a slightly modified market structure with the purpose to show how a large trader can
manipulate a market through dynamically strategic trading when the hedger trades rationally,
observes contract delivery process and may opt out of futures trading. This model
also predicts a positive probability of manipulation in equilibrium. One interesting result
from this model is that the adverse effects of manipulation may be lessened due to the
introduction of exogenous uncertainty in a futures market. This may justify certain types
of regulation against manipulation initiated by exchanges or regulators, such as trading
for liquidation only, emergency price or position limits, etc.
Chapter 4 moves to investigate empirically the economic effects of the alleged Sumitomo
manipulation on the London Metal Exchange (LME). The results support our
theoretical analysis. We find the evidence that the manipulation not only reduced the
accuracy of "price discovery", but also influenced the basis and basis risk in the futures
market. Thus the functioning of the LME was undermined. Furthermore, by comparing
the actual LME cash price with a VAR forecast, we find that the LME cash prices were
generally above the forecast prices during the period of alleged manipulation, but not
significantly. Finally, we discuss the regulatory implications of futures manipulation in
Chapter 5, and argue that manipulation should be one of the major concerns for futures
regulation. We also undertake a comparative study of futures regulation in the US and
the UK, and propose specifically how cost-effective futures (derivatives) regulation may
be achieved in the UK
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