Barriers to Diversification and Regional Allocation of Capital

In order to evaluate the allocational effectiveness of regional policy when harmonizing regional economic conditions firms? preferences play a pivot role. If harmonization hinders risk diversification of the firm, then instead of regional diversification of capital agglomeration of capital occurs. Hence, regional policy will not achieve its objective to equal the spatial allocation of capital. --Regional policy,agglomeration,diversification,allocation,risk aversion,prudence

Spatial allocation of capital: The role of risk preferences

This paper considers a model of spatial allocation of investment capital under uncertainty. We demonstrate that the spatial concentration of economic activity depends upon properties of risk preferences deeper than risk aversion. The degree of so-called relative prudence unambiguously decides whether or not the diversi cation of income risk favours the geographic dispersion of economic activity. In our framework we relate risk diversi cation with economic integration. Then there exists risk preferences so that spatial concentration of industry and capital is not a ected by the degree of economic integration or segmentation of the regions. We also study the impact of net return regressibility upon spatial allocation. --spatial allocation,inter-regional disparity,risk aversion,prudence,regression

Strain-induced bound states in transition-metal dichalcogenide bubbles

This is an author-created, un-copyedited version of an article published in 2D Materials. IOP Publishing Ltd is not responsible for any errors or omissions in this version of the manuscript or any version derived from it. The Version of Record is available online at https://doi.org/10.1088/2053-1583/ab0113We theoretically study the formation of single-particle bound states confined by strain at the center of bubbles in monolayers of transition-metal dichalcogenides (TMDs). Bubbles ubiquitously form in two-dimensional crystals on top of a substrate by the competition between van der Waals forces and the hydrostatic pressure exerted by trapped fluid. This leads to strong strain at the center of the bubble that reduces the bangap locally, creating potential wells for the electrons that confine states inside. We simulate the spectrum versus the bubble radius for the four semiconducting group VI TMDs, MoS2, WSe2, WS2 and MoSe2, and find an overall Fock-Darwin spectrum of bubble bound states, characterised by small deviations compatible with Berry curvature effects. We analyse the density of states, the state degeneracies, orbital structure and optical transition rules. Our results show that elastic bubbles in these materials are remarkably efficient at confining photocarriersWe acknowledge funding from the Graphene Flagship, contract CNECTICT-604391, from the Comunidad de Madrid through Grant MAD2D-CM, S2013/MIT-3007, from the Spanish Ministry of Economy and Competitiveness through Grants No. RYC-2011-09345, RYC-2016-20663, FIS2015-65706-P, FIS2016-80434-P (AEI/FEDER, EU) and the María de Maeztu Programme for Units of Excellence in R&D (MDM-2014-0377

Helly numbers of Algebraic Subsets of Rd\mathbb R^d

We study $S$-convex sets, which are the geometric objects obtained as the intersection of the usual convex sets in $\mathbb R^d$ with a proper subset $S\subset \mathbb R^d$. We contribute new results about their $S$-Helly numbers. We extend prior work for $S=\mathbb R^d$, $\mathbb Z^d$, and $\mathbb Z^{d-k}\times\mathbb R^k$; we give sharp bounds on the $S$-Helly numbers in several new cases. We considered the situation for low-dimensional $S$ and for sets $S$ that have some algebraic structure, in particular when $S$ is an arbitrary subgroup of $\mathbb R^d$ or when $S$ is the difference between a lattice and some of its sublattices. By abstracting the ingredients of Lov\'asz method we obtain colorful versions of many monochromatic Helly-type results, including several colorful versions of our own results.Comment: 13 pages, 3 figures. This paper is a revised version of what was originally the first half of arXiv:1504.00076v

Beyond Chance-Constrained Convex Mixed-Integer Optimization: A Generalized Calafiore-Campi Algorithm and the notion of SS-optimization

The scenario approach developed by Calafiore and Campi to attack chance-constrained convex programs utilizes random sampling on the uncertainty parameter to substitute the original problem with a representative continuous convex optimization with $N$ convex constraints which is a relaxation of the original. Calafiore and Campi provided an explicit estimate on the size $N$ of the sampling relaxation to yield high-likelihood feasible solutions of the chance-constrained problem. They measured the probability of the original constraints to be violated by the random optimal solution from the relaxation of size $N$. This paper has two main contributions. First, we present a generalization of the Calafiore-Campi results to both integer and mixed-integer variables. In fact, we demonstrate that their sampling estimates work naturally for variables restricted to some subset $S$ of $\mathbb R^d$. The key elements are generalizations of Helly's theorem where the convex sets are required to intersect $S \subset \mathbb R^d$. The size of samples in both algorithms will be directly determined by the $S$-Helly numbers. Motivated by the first half of the paper, for any subset $S \subset \mathbb R^d$, we introduce the notion of an $S$-optimization problem, where the variables take on values over $S$. It generalizes continuous, integer, and mixed-integer optimization. We illustrate with examples the expressive power of $S$-optimization to capture sophisticated combinatorial optimization problems with difficult modular constraints. We reinforce the evidence that $S$-optimization is "the right concept" by showing that the well-known randomized sampling algorithm of K. Clarkson for low-dimensional convex optimization problems can be extended to work with variables taking values over $S$.Comment: 16 pages, 0 figures. This paper has been revised and split into two parts. This version is the second part of the original paper. The first part of the original paper is arXiv:1508.02380 (the original article contained 24 pages, 3 figures

Thermodynamics of quantum crystalline membranes

We investigate the thermodynamic properties and the lattice stability of two-dimensional crystalline membranes, such as graphene and related compounds, in the low temperature quantum regime $T\rightarrow0$. A key role is played by the anharmonic coupling between in-plane and out-of plane lattice modes that, in the quantum limit, has very different consequences than in the classical regime. The role of retardation, namely of the frequency dependence, in the effective anharmonic interactions turns out to be crucial in the quantum regime. We identify a crossover temperature, $T^{*}$, between classical and quantum regimes, which is $\sim 70 - 90$ K for graphene. Below $T^{*}$, the heat capacity and thermal expansion coefficient decrease as power laws with decreasing temperature, tending to zero for $T\rightarrow0$ as required by the third law of thermodynamics.Comment: 13 pages, 1 figur

Reply to 'Comment on "Thermodynamics of quantum crystalline membranes"'

In this note, we reply to the comment made by E.I.Kats and V.V.Lebedev [arXiv:1407.4298] on our recent work "Thermodynamics of quantum crystalline membranes" [Phys. Rev. B 89, 224307 (2014)]. Kats and Lebedev question the validity of the calculation presented in our work, in particular on the use of a Debye momentum as a ultra-violet regulator for the theory. We address and counter argue the criticisms made by Kats and Lebedev to our work.Comment: 5 pages, 4 figure

Coexistence of single-mode and multi-longitudinal mode emission in the ring laser model

A homogeneously broadened unidirectonal ring laser can emit in several longitudinal modes for large enough pump and cavity length because of Rabi splitting induced gain. This is the so called Risken-Nummedal-Graham-Haken (RNGH) instability. We investigate numerically the properties of the multi-mode solution. We show that this solution can coexist with the single-mode one, and its stability domain can extend to pump values smaller than the critical pump of the RNGH instability. Morevoer, we show that the multi-mode solution for large pump values is affected by two different instabilities: a pitchfork bifurcation, which preserves phase-locking, and a Hopf bifurcation, which destroys it.Comment: 14 pages, 7 figure