10,311 research outputs found

    Inverse Demand Systems for Composite Liquid Assets: Evidence from China

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    This paper applies the concept of inverse demands and its related scale and substitution effects to model the demand for liquid assets in China. We also propose a new model, termed the Modified Almost Ideal Inverse Demand System (MAIIDS), which nests the Almost Ideal Inverse Demand System (AIIDS) as a special case. We estimate this new model and its special case by using Chinese panel data and find it statistically superior to the AIIDS. Results also reveal the improved regularity features of the MAIIDS, and show that demand patterns of liquid assets across different income groups in China are distinctive.AIIDS; MAIIDS; Regularity; Liquid assets.

    Requiem for an FCHAMP?

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    Fractionally charged massive particles (FCHAMPs) appear in extensions of the standard model, especially those with superstring constructions. The lightest FCHAMP would be absolutely stable and any produced during the early evolution of the Universe would be present today. The production, annihilation, and survival of L, a lepton with electroweak but no strong interactions, of mass m_L and charge Q_L (in units of the positron charge) are explored. Since massive charged particles behave like baryons, primordial nucleosynthesis and the cosmic background radiation temperature anisotropies limit the FCHAMP relic density leading to constraints on the Q_L - m_L relation. Further constraints are provided by the invisible width of the Z and by accelerator searches for massive, charged particles. We exploit the fact that in the early Universe the negatively charged L will combine with alpha particles and protons forming tightly bound, positively charged states. The Coulomb barriers between these positively charged bound states and the free L+ suppress late time annihilation in the Galaxy and on Earth, limiting any late-time reduction of relic FCHAMP pairs. The surviving FCHAMP abundance on Earth is orders of magnitude higher than the limits from terrestrial searches for fractionally charged particles, appearing to close the window on FCHAMPs. However, as Q_L approaches an integer these searches become increasingly insensitive, leaving some "islands" in the Q_L - m_L plane which may be explored by searching for FCHAMPs in the cosmic rays.Comment: 13 pages, 9 figures, version accepted for publication in PRD, including a new constraint from the D0 experimen

    Fermions on Colliding Branes

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    We study the behaviour of five-dimensional fermions localized on branes, which we describe by domain walls, when two parallel branes collide in a five-dimensional Minkowski background spacetime. We find that most fermions are localized on both branes as a whole even after collision. However, how much fermions are localized on which brane depends sensitively on the incident velocity and the coupling constants unless the fermions exist on both branes.Comment: 8 pages 7 figure

    The Impact of Ownership Reform in Chinese Industry, 1995-2001

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    During the 1980s, the restructuring of Chinese industry was driven principally by the entry of new enterprises into the enterprise system and by the restructuring of managerial incentives. In 1993, China’s leadership formally inaugurated the shareholding experiment. This paper examines the impact on eight performance measures of the conversion of both state- and collective-owned enterprises to shareholding enterprises. The analysis distinguishes between the direct effect of conversion and the induced effect, involving the attraction of non-state investment, which reduces the proportion of state assets and state control rights. We find evidence for SOEs that both conversion and a decline in the share of state-owned assets motivate rising productivity and R&D intensity. While rising proportions of non-state assets motive lower employment and rising wages, the initial conversion effect is associated with higher employment and lower wages. These latter impacts may result from agreements with workers as part of the conversion process. The SOE conversion process exhibits selection bias in which SOEs with high rates of capital productivity and profitability, high tax burdens, and comparatively low wages and smaller labor forces are more likely to be selected for conversion. No similar selection bias is evident in the collective sector.http://deepblue.lib.umich.edu/bitstream/2027.42/39927/3/wp542.pd

    Multiscale Modelling of Self-assembly in Soft Matter

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    This thesis presents all-atom molecular dynamics simulations and the development of coarse-grained models for various classes of liquid crystals. The overall aim was to parametrise chemically specific models, propagating information between different resolutions through multiscale modelling approaches, to investigate hierarchical self-assembly in soft matter systems. Common coarse-graining methods were assessed in terms of their representability and transferability for applications involving thermotropic calamitic and discotic mesogens, and lyotropic chromonic liquid crystals. Extensive all-atom simulations were performed on: bent liquid crystal dimers, such as CB7CB; ionic cyanine dyes in aqueous solution (PIC, PCYN, TTBC and BIC); a chromonic perylene bisimide dye (PER); and its thermotropic discotic analogue (PEROEG). These serve as references to parametrise/validate lower resolution models and to provide insights into these systems at the molecular level. For CB7CB, the twist-bend nematic (NTB) phase is observed and characterised. The self-assembly of cyanine dyes and chromonic mesogens was studied by calculating ΔGassoc\Delta G_{\rm{assoc}}, ΔHassoc\Delta H_{\rm{assoc}} and ΔSassoc\Delta S_{\rm{assoc}} for the association of nn-mers (where nn = 2, 3 or 4). Structures of H-aggregate stacks, with shift and Y junction defects, and J-aggregates with a brickwork arrangement were detected. Coarse-graining approaches including iterative Boltzmann inversion (IBI), multiscale coarse-graining (MS-CG) in the form of hybrid force matching (FM) and the Martini 3 force field were utilised for the aforementioned systems. A FM model of CB7CB demonstrates high representability and transferability; the NTB phase is captured and the full phase diagram can be explored via heating or cooling. An optimised Martini model correctly exhibits the chromonic nematic and hexagonal phases for PER at the expected concentrations. For PEROEG, an IBI model was found to be superior in modelling the columnar-hexagonal phase. This thesis discusses, in detail, the successes and failures of the various coarse-graining strategies. While successful coarse-graining of liquid crystals remains a challenge, this thesis demonstrates that, with the right choice of method, high-quality coarse-grained models can be developed for both thermotropic and lyotropic systems

    The Impact of Ownership Reform in Chinese Industry, 1995-2001

    Get PDF
    During the 1980s, the restructuring of Chinese industry was driven principally by the entry of new enterprises into the enterprise system and by the restructuring of managerial incentives. In 1993, China’s leadership formally inaugurated the shareholding experiment. This paper examines the impact on eight performance measures of the conversion of both state- and collective-owned enterprises to shareholding enterprises. The analysis distinguishes between the direct effect of conversion and the induced effect, involving the attraction of non-state investment, which reduces the proportion of state assets and state control rights. We find evidence for SOEs that both conversion and a decline in the share of state-owned assets motivate rising productivity and R&D intensity. While rising proportions of non-state assets motive lower employment and rising wages, the initial conversion effect is associated with higher employment and lower wages. These latter impacts may result from agreements with workers as part of the conversion process. The SOE conversion process exhibits selection bias in which SOEs with high rates of capital productivity and profitability, high tax burdens, and comparatively low wages and smaller labor forces are more likely to be selected for conversion. No similar selection bias is evident in the collective sector.
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