Revenue Insurance and Chemical Input Use Rates

Using farm level data and a simultaneous probit model we evaluate the input use and environmental effects of revenue insurance. A priori, the moral hazard effect on input use is indeterminate and this study empirically assesses the input use impact of the increasingly popular, and federally subsidized, risk management instrument of revenue insurance. We conclude that the moral hazard effect of federally subsidized revenue insurance products induces U.S. wheat farmers to increase expenditures on pesticides and reduce expenditures on fertilizers.Crop Production/Industries, Risk and Uncertainty,

Non-perturbative studies of N=2 conformal quiver gauge theories

We study N=2 super-conformal field theories in four dimensions that correspond to mass-deformed linear quivers with n gauge groups and (bi-)fundamental matter. We describe them using Seiberg-Witten curves obtained from an M-theory construction and via the AGT correspondence. We take particular care in obtaining the detailed relation between the parameters appearing in these descriptions and the physical quantities of the quiver gauge theories. This precise map allows us to efficiently reconstruct the non-perturbative prepotential that encodes the effective IR properties of these theories. We give explicit expressions in the cases n=1,2, also in the presence of an Omega-background in the Nekrasov-Shatashvili limit. All our results are successfully checked against those of the direct microscopic evaluation of the prepotential a la Nekrasov using localization methods.Comment: 56 pages, 7 figures, PdfLaTeX. v2: a few references added, version to appear on Fortschritte der Physi

Modular and duality properties of surface operators in N=2* gauge theories

We calculate the instanton partition function of the four-dimensional N=2* SU(N) gauge theory in the presence of a generic surface operator, using equivariant localization. By analyzing the constraints that arise from S-duality, we show that the effective twisted superpotential, which governs the infrared dynamics of the two-dimensional theory on the surface operator, satisfies a modular anomaly equation. Exploiting the localization results, we solve this equation in terms of elliptic and quasi-modular forms which resum all non-perturbative corrections. We also show that our results, derived for monodromy defects in the four-dimensional theory, match the effective twisted superpotential describing the infrared properties of certain two-dimensional sigma models coupled either to pure N=2 or to N=2* gauge theories.Comment: 51 pages, v3: references added, typos fixed, footnote added, some small changes in the text, appendix B streamlined. Matches the published versio

Surface operators in 5d gauge theories and duality relations

We study half-BPS surface operators in 5d N=1 gauge theories compactified on a circle. Using localization methods and the twisted chiral ring relations of coupled 3d/5d quiver gauge theories, we calculate the twisted chiral superpotential that governs the infrared properties of these surface operators. We make a detailed analysis of the localization integrand, and by comparing with the results from the twisted chiral ring equations obtain constraints on the 3d and 5d Chern-Simons levels so that the instanton partition function does not depend on the choice of integration contour. For these values of the Chern-Simons couplings, we comment on how the distinct quiver theories that realize the same surface operator are related to each other by Aharony-Seiberg dualities.Comment: 39 pages. v2: A few sentences rephrased, references added, and typos corrected. Matches version published in JHE