Financial intermediation and equity investment with costly monitoring

This paper studies the efficiency of equilibria in a productive OLG economy where the process of financial intermediation is characterized by costly state verification. Both competitive equilibria and Constrained Pareto Optimal allocations are characterized. It is shown that market outcomes can be socially inefficient, even when a weaker notion than Pareto optimality is considered.Financial intermediation, costly state verification, Constrained Pareto Optimality

What can we learn from fluctuations of particle ratios?

We explain how fluctuations of ratios can constrain and falsify the statistical model of particle production in heavy ion collisions, using K/p fluctuations as an example. We define an observable capable of determining which statistical model, if any, governs freeze-out in ultrarelativistic heavy ion collisions. We calculate this observable for K/p fluctuations, and show that it should be the same for RHIC and LHC energies, as well as independent of centrality, if the Grand-Canonical statistical model is an appropriate description and chemical equilibrium applies. We describe variations of this scaling for deviations from this scenario, such as light quark chemical non-equilibrium, strange quark over-saturation and local conservation (canonical ensemble) for strange quarks. We also introduce a similar observable capable, together with the published K*/K measurement, of ascertaining if an interacting hadron gas phase governs the system between thermal and chemical freeze-out, and of ascertaining its duration and impact on hadronic chemistry

Asymptotic Mutual Information Statistics of Separately-Correlated Rician Fading MIMO Channels

Precise characterization of the mutual information of MIMO systems is required to assess the throughput of wireless communication channels in the presence of Rician fading and spatial correlation. Here, we present an asymptotic approach allowing to approximate the distribution of the mutual information as a Gaussian distribution in order to provide both the average achievable rate and the outage probability. More precisely, the mean and variance of the mutual information of the separatelycorrelated Rician fading MIMO channel are derived when the number of transmit and receive antennas grows asymptotically large and their ratio approaches a finite constant. The derivation is based on the replica method, an asymptotic technique widely used in theoretical physics and, more recently, in the performance analysis of communication (CDMA and MIMO) systems. The replica method allows to analyze very difficult system cases in a comparatively simple way though some authors pointed out that its assumptions are not always rigorous. Being aware of this, we underline the key assumptions made in this setting, quite similar to the assumptions made in the technical literature using the replica method in their asymptotic analyses. As far as concerns the convergence of the mutual information to the Gaussian distribution, it is shown that it holds under some mild technical conditions, which are tantamount to assuming that the spatial correlation structure has no asymptotically dominant eigenmodes. The accuracy of the asymptotic approach is assessed by providing a sizeable number of numerical results. It is shown that the approximation is very accurate in a wide variety of system settings even when the number of transmit and receive antennas is as small as a few units.Comment: - submitted to the IEEE Transactions on Information Theory on Nov. 19, 2006 - revised and submitted to the IEEE Transactions on Information Theory on Dec. 19, 200

ElectroWeak Symmetry Breaking in Tevatron Run II

The Tevatron Run II will provide CDF and D0 with a large dataset of ppbar interactions collected at sqrt(s)=2 TeV. We discuss the opportunity for the two experiments to improve the understanding of electrowek and top physics in the first years of data taking (Run IIa,2fb-1) in view of the upgrades of the detectors. We also discuss the prospectives for a Higgs discovery at the Tevatron in view of the Run IIb data taking period which will deliver an additional of about 13fb-1 to each experimentComment: 5 pages, 4+1 figure, to appear in proceedings of the EPS HEP 2001 Conference held in Budapest. To appear in JHEP Proceeding