Bubbles in Metropolitan Housing Markets

A commonsense and empirically supported approach to explaining metropolitan real house price changes is for the theory to describe an equilibrium price level to which the market is constantly adjusting. The determinants of real house price appreciation, then, can be divided into two groups, one that explains changes in the equilibrium price and the other that accounts for the adjustment dynamics or changing deviations from the equilibrium price. The former group includes the growth in real income and real construction costs and changes in the real after-tax interest rate. The latter group consists of lagged real appreciation and the difference between the actual and equilibrium real house price levels. Either group of variables can explain a little over two-fifths of the variation in real house price movements in 30 cities over the 1977-92 period; together, they explain three-fifths.

A Rigorous Derivation of Electromagnetic Self-force

During the past century, there has been considerable discussion and analysis of the motion of a point charge, taking into account "self-force" effects due to the particle's own electromagnetic field. We analyze the issue of "particle motion" in classical electromagnetism in a rigorous and systematic way by considering a one-parameter family of solutions to the coupled Maxwell and matter equations corresponding to having a body whose charge-current density $J^a(\lambda)$ and stress-energy tensor $T_{ab} (\lambda)$ scale to zero size in an asymptotically self-similar manner about a worldline $\gamma$ as $\lambda \to 0$. In this limit, the charge, $q$, and total mass, $m$, of the body go to zero, and $q/m$ goes to a well defined limit. The Maxwell field $F_{ab}(\lambda)$ is assumed to be the retarded solution associated with $J^a(\lambda)$ plus a homogeneous solution (the "external field") that varies smoothly with $\lambda$. We prove that the worldline $\gamma$ must be a solution to the Lorentz force equations of motion in the external field $F_{ab}(\lambda=0)$. We then obtain self-force, dipole forces, and spin force as first order perturbative corrections to the center of mass motion of the body. We believe that this is the first rigorous derivation of the complete first order correction to Lorentz force motion. We also address the issue of obtaining a self-consistent perturbative equation of motion associated with our perturbative result, and argue that the self-force equations of motion that have previously been written down in conjunction with the "reduction of order" procedure should provide accurate equations of motion for a sufficiently small charged body with negligible dipole moments and spin. There is no corresponding justification for the non-reduced-order equations.Comment: 52 pages, minor correction

Identifying the Environment and Redshift of GRB Afterglows from the Time-Dependence of Their Absorption Spectra

The discovery of Gamma-Ray Burst (GRB) afterglows revealed a new class of variable sources at optical and radio wavelengths. At present, the environment and precise redshift of the detected afterglows are still unknown. We show that if a GRB source resides in a compact (<100pc) gas-rich environment, the afterglow spectrum will show time-dependent absorption features due to the gradual ionization of the surrounding medium by the afterglow radiation. Detection of this time-dependence can be used to constrain the size and density of the surrounding gaseous system. For example, the MgII absorption line detected in GRB970508 should have weakened considerably during the first month if the absorption occurred in a gas cloud of size <100pc around the source. The time-dependent HI or metal absorption features provide a precise determination of the GRB redshift.Comment: 13 pages, 4 figures, submitted to ApJ

Self-energy of a scalar charge near higher-dimensional black holes

We study the problem of self-energy of charges in higher dimensional static spacetimes. Application of regularization methods of quantum field theory to calculation of the classical self-energy of charges leads to model-independent results. The correction to the self-energy of a scalar charge due to the gravitational field of black holes of the higher dimensional Majumdar-Papapetrou spacetime is calculated exactly. It proves to be zero in even dimensions, but it acquires non-zero value in odd dimensional spacetimes. The origin of the self-energy correction in odd dimensions is similar to the origin the conformal anomalies in quantum field theory in even dimensional spacetimes.Comment: 9 page

Hysteresis multicycles in nanomagnet arrays

We predict two new physical effects in arrays of single-domain nanomagnets by performing simulations using a realistic model Hamiltonian and physical parameters. First, we find hysteretic multicycles for such nanomagnets. The simulation uses continuous spin dynamics through the Landau-Lifshitz-Gilbert (LLG) equation. In some regions of parameter space, the probability of finding a multicycle is as high as ~0.6. We find that systems with larger and more anisotropic nanomagnets tend to display more multicycles. This result demonstrates the importance of disorder and frustration for multicycle behavior. We also show that there is a fundamental difference between the more realistic vector LLG equation and scalar models of hysteresis, such as Ising models. In the latter case, spin and external field inversion symmetry is obeyed but in the former it is destroyed by the dynamics, with important experimental implications.Comment: 7 pages, 2 figure

Quantum corrections to the Larmor radiation formula in scalar electrodynamics

We use the semi-classical approximation in perturbative scalar quantum electrodynamics to calculate the quantum correction to the Larmor radiation formula to first order in Planck's constant in the non-relativistic approximation, choosing the initial state of the charged particle to be a momentum eigenstate. We calculate this correction in two cases: in the first case the charged particle is accelerated by a time-dependent but space-independent vector potential whereas in the second case it is accelerated by a time-independent vector potential which is a function of one spatial coordinate. We find that the corrections in these two cases are different even for a charged particle with the same classical motion. The correction in each case turns out to be non-local in time in contrast to the classical approximation.Comment: 19 page

Observation of a push force on the end face of a nm fiber taper exerted by outgoing light

There are two different proposals for the momentum of light in a transparent dielectric of refractive index n: Minkowski's version nE/c and Abrahm's version E/(nc), where E and c are the energy and vacuum speed of light, respectively. Despite many tests and debates over nearly a century, momentum of light in a transparent dielectric remains controversial. In this Letter, we report a direct observation of the inward push force on the end face of a free nm fiber taper exerted by the outgoing light. Our results clearly support Abraham momentum. Our experiment also indicates an inward surface pressure on a dielectric exerted by the incident light, different from the commonly recognized pressure due to the specular reflection. Such an inward surface pressure by the incident light may be useful for precise design of the laser-induced inertially-confined fusion.Comment: 9 pages, 3 figures;Accepted for publication as a Letter in Physical Review Letters(CODE: LP11093

Casimir interactions in Ising strips with boundary fields: exact results

An exact statistical mechanical derivation is given of the critical Casimir forces for Ising strips with arbitrary surface fields applied to edges. Our results show that the strength as well as the sign of the force can be controled by varying the temperature or the fields. An interpretation of the results is given in terms of a linked cluster expansion. This suggests a systematic approach for deriving the critical Casimir force which can be used in more general models.Comment: 10 pages, 4 figure

Optical properties of current carrying molecular wires

We consider several fundamental optical phenomena involving single molecules in biased metal-molecule-metal junctions. The molecule is represented by its highest occupied and lowest unoccupied molecular orbitals, and the analysis involves the simultaneous consideration of three coupled fluxes: the electronic current through the molecule, energy flow between the molecule and electron-hole excitations in the leads and the incident and/or emitted photon flux. Using a unified theoretical approach based on the non-equilibrium Green function method we derive expressions for the absorption lineshape (not an observable but a ueful reference for considering yields of other optical processes) and for the current induced molecular emission in such junctions. We also consider conditions under which resonance radiation can induce electronic current in an unbiased junction. We find that current driven molecular emission and resonant light induced electronic currents in single molecule junctions can be of observable magnitude under appropriate realizable conditions. In particular, light induced current should be observed in junctions involving molecular bridges that are characterized by strong charge transfer optical transitions. For observing current induced molecular emission we find that in addition to the familiar need to control the damping of molecular excitations into the metal substrate the phenomenon is also sensitive to the way in which the potential bias si distributed on the junction.Comment: 56 pages, 8 figures; submitted to JC

Brane Gravitational Extension of Dirac's "Extensible Model of the Electron"

A gravitational extension of Dirac's "Extensible model of the electron" is presented. The Dirac bubble, treated as a 3-dim electrically charged brane, is dynamically embedded within a 4-dim $Z_{2}$-symmetric Reissner-Nordstrom bulk. Crucial to our analysis is the gravitational extension of Dirac's brane variation prescription; its major effect is to induce a novel geometrically originated contribution to the energy-momentum tensor on the brane. In turn, the effective potential which governs the evolution of the bubble exhibits a global minimum, such that the size of the bubble stays finite (Planck scale) even at the limit where the mass approaches zero. This way, without fine-tuning, one avoids the problem so-called 'classical radius of the electron'.Comment: 6 PRD pages, 4 figures; References adde