16,280 research outputs found

    Quasiparticle scattering in two dimensional helical liquid

    Full text link
    We study the quasiparticle interference (QPI) patterns caused by scattering off nonmagnetic, magnetic point impurities, and edge impurities, separately, in a two dimensional helical liquid, which describes the surface states of a topological insulator. The unique features associated with hexagonal warping effects are identified in the QPI patterns of charge density with nonmagnetic impurities and spin density with magnetic impurities. The symmetry properties of the QPI patterns can be used to determine the symmetry of microscopic models. The Friedel oscillation is calculated for edge impurities and the decay of the oscillation is not universal, strongly depending on Fermi energy. Some discrepancies between our theoretical results and current experimental observations are discussed.Comment: 12 pages, appendices added. Accepted for publication in Physical Review B (submitted, October 2009

    An Energy Sharing Game with Generalized Demand Bidding: Model and Properties

    Get PDF
    This paper proposes a novel energy sharing mechanism for prosumers who can produce and consume. Different from most existing works, the role of individual prosumer as a seller or buyer in our model is endogenously determined. Several desirable properties of the proposed mechanism are proved based on a generalized game-theoretic model. We show that the Nash equilibrium exists and is the unique solution of an equivalent convex optimization problem. The sharing price at the Nash equilibrium equals to the average marginal disutility of all prosumers. We also prove that every prosumer has the incentive to participate in the sharing market, and prosumers' total cost decreases with increasing absolute value of price sensitivity. Furthermore, the Nash equilibrium approaches the social optimal as the number of prosumers grows, and competition can improve social welfare.Comment: 16 pages, 7 figure

    Empirical properties of inter-cancellation durations in the Chinese stock market

    Get PDF
    Order cancellation process plays a crucial role in the dynamics of price formation in order-driven stock markets and is important in the construction and validation of computational finance models. Based on the order flow data of 18 liquid stocks traded on the Shenzhen Stock Exchange in 2003, we investigate the empirical statistical properties of inter-cancellation durations in units of events defined as the waiting times between two consecutive cancellations. The inter-cancellation durations for both buy and sell orders of all the stocks favor a qq-exponential distribution when the maximum likelihood estimation method is adopted; In contrast, both cancelled buy orders of 6 stocks and cancelled sell orders of 3 stocks prefer Weibull distribution when the nonlinear least-square estimation is used. Applying detrended fluctuation analysis (DFA), centered detrending moving average (CDMA) and multifractal detrended fluctuation analysis (MF-DFA) methods, we unveil that the inter-cancellation duration time series process long memory and multifractal nature for both buy and sell cancellations of all the stocks. Our findings show that order cancellation processes exhibit long-range correlated bursty behaviors and are thus not Poissonian.Comment: 14 pages, 7 figures and 5 table

    Does engaging in government initiated corporate social responsibility activities improve corporate innovation? Evidence from China

    Get PDF
    The Chinese government initiated a nationwide poverty alleviation campaign in 2016. Many Chinese listed firms engaged in poverty alleviation campaign and made significant contributions. In this study, we investigate the relationship between firms’ poverty alleviation campaign and firm innovation performance. Using a large sample of 3140 Chinese A-share listed firms on Shenzhen and Shanghai Stock Exchange from 2016 to 2019, this study demonstrates that firms’ poverty alleviation campaign contribute to the improvement of firm innovation performance. These results are more pronounced for firms with higher internet search volume. Overall, our findings provide important support for listed firms to engage in CSR activities initiated by governmen
    • …
    corecore