7,646 research outputs found

    Some Evidence on Finite Sample Behavior of an Instrumental Variables Estimator of the Linear Quadtratic Inventory Model

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    We evaluate some aspects of the finite sample distribution of an instrumental variables estimator of a first order condition of the Holt et al. (1960) linear quadratic inventory model. We find that for some but not all empirically relevant data generating processes and sample sizes, asymptotic theory predicts a wide dispersion of parameter estimates, with a substantial finite sample probability of estimates with incorrect signs. For such data generating processes, simulation evidence suggests that different choices of left hand side variables often produce parameter estimates of an opposite sign. More generally, while the asymptotic theory often provides a good approximation to the finite sample distribution, sometimes it does not

    TRADITIONAL AND NONTRADITIONAL DETERMINANTS OF HOUSEHOLD EXPENDITURES ON SELECTED FRUITS AND VEGETABLES

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    Nontraditional variables such as liquid assets, households management style, and psychological levels influence both the type and variety of fruits and vegetables served by Washington households. Among traditional variables, household size, education levels, and geographic area within Washington State are relatively important factors. Income and occupation are relatively weak as explanatory variables. The liquid asset levels consume a larger amount and a greater variety of fruits and vegetables.Food Consumption/Nutrition/Food Safety,

    Spin-Flipping Half Vortex in a Macroscopic Polariton Spinor Ring Condensate

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    We report the observation of vorticity in a macroscopic Bose-Einstein condensate of polaritons in a ring geometry. Because it is a spinor condensate, the elementary excitations are "half vortices" in which there is a phase rotation of π\pi in connection with a polarization vector rotation of π\pi around a closed path. This is clearly seen in the experimental observations of the polarization rotation around the ring. In the ring geometry, a new type of half vortex is allowed in which the handedness of the spin flips from one side of the ring to the other, in addition to the rotation of the linear polarization component; such a state is not allowed in a simply-connected geometry. Theoretical calculation of the energy of this state shows that when many-body interactions are taken into account, it is lower in energy than a simple half vortex. The direction of circulation of the flow around the ring fluctuates randomly between clockwise and counterclockwise from one shot to the next; this corresponds to spontaneous breaking of time-reversal symmetry in the system. These new, macroscopic polariton ring condensates allow for the possibility of direct control of the vorticity of the condensate.Comment: 21 pages, 10 figures, including supplemental information; Proceedings of the National Academy of Sciences (USA) (2015
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