11,397 research outputs found

    The number of ramified covering of a Riemann surface by Riemann surface

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    Interpreting the number of ramified covering of a Riemann surface by Riemann surfaces as the relative Gromov-Witten invariants and applying a gluing formula, we derive a recursive formula for the number of ramified covering of a Riemann surface by Riemann surface with elementary branch points and prescribed ramification type over a special point.Comment: LaTex, 14 page

    A Recursive Method for Determining the One-Dimensional Submodules of Laurent-Ore Modules

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    We present a method for determining the one-dimensional submodules of a Laurent-Ore module. The method is based on a correspondence between hyperexponential solutions of associated systems and one-dimensional submodules. The hyperexponential solutions are computed recursively by solving a sequence of first-order ordinary matrix equations. As the recursion proceeds, the matrix equations will have constant coefficients with respect to the operators that have been considered.Comment: To appear in the Proceedings of ISSAC 200

    Market Stability Switches in a Continuous-Time Financial Market with Heterogeneous Beliefs

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    By considering a financial market of fundamentalists and trend followers in which the price trend of the trend followers is formed as a weighted average of historical prices, we establish a continuous-time financial market model with time delay and examines the impact of time delay on market price dynamics. Conditions for the stability of the fundamental price in terms of agents' behavior parameters and time delay are obtained. In particular, it is found that an increase in time delay can not only destabilize the market price but also stabilize an otherwise unstable market price, leading to stability switching as delay increases. This interesting phenomena shed new light in understanding of mechanism on the market stability. When the fundamental price becomes unstable through Hopf bifurcations, suffcient conditions on the stability and global existence of the periodic solution are obtained.asset price; fundamentalists; trend followers; delay differential equations; stability; bifurcations
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