The Effect of Uncertainty in Regulatory Delay on the Rate of Innovation

Earlier studies examining house pricing have mainly focused on the secondary market and have often overlooked the primary market and newly produced housing units. This paper studies the pricing strategies in the primary housing market, as that segment differs from the secondary market. By using data from one newly produced housing project, we are able to exclude a number of project-specific factors, as they are nearly identical for all observations. This allows us to focus on factors that are directly observable and require very little assessment or evaluation in our estimations of list prices, selling prices and selling times. The empirical results exhibit a close relationship between list- and selling prices, but a few factors differ significantly between the two. Such differences could indicate a misinterpretation of the market by the seller. The time-on-market model shows that a number of factors affect selling times as well. The results indicate a relationship between "mispriced" factors and their impact on the selling times, where "over-priced" factors seem to prolong the time-on-market and "under-priced" factors seem to shorten the time-on-market. By dividing the units into different price ranges, it becomes clear that high-priced housing is more difficult to price and take longer to sell. This relationship is strengthened by a degree-of-overpricing variable, which exhibits a positive sign in the time-on-market model. The effect is the strongest in low-priced units and not significant for higher-priced units. Other factors that affect pricing strategies require a broader discussion. Analogies from similar consumer good markets indicate that pricing strategies are dependent on the types of customers in the target groups as well as the stage in the project life-cycle

Time-Reversal Symmetry and Universal Conductance Fluctuations in a Driven Two-Level System

In the presence of time-reversal symmetry, quantum interference gives strong corrections to the electric conductivity of disordered systems. The self-interference of an electron wavefunction traveling time-reversed paths leads to effects such as weak localization and universal conductance fluctuations. Here, we investigate the effects of broken time-reversal symmetry in a driven artificial two-level system. Using a superconducting flux qubit, we implement scattering events as multiple Landau-Zener transitions by driving the qubit periodically back and forth through an avoided crossing. Interference between different qubit trajectories give rise to a speckle pattern in the qubit transition rate, similar to the interference patterns created when coherent light is scattered off a disordered potential. Since the scattering events are imposed by the driving protocol, we can control the time-reversal symmetry of the system by making the drive waveform symmetric or asymmetric in time. We find that the fluctuations of the transition rate exhibit a sharp peak when the drive is time-symmetric, similar to universal conductance fluctuations in electronic transport through mesoscopic systems

Noise correlations in a flux qubit with tunable tunnel coupling

We have measured flux-noise correlations in a tunable superconducting flux qubit. The device consists of two loops that independently control the qubit's energy splitting and tunnel coupling. Low frequency flux noise in the loops causes fluctuations of the qubit frequency and leads to dephasing. Since the noises in the two loops couple to different terms of the qubit Hamiltonian, a measurement of the dephasing rate at different bias points provides a way to extract both the amplitude and the sign of the noise correlations. We find that the flux fluctuations in the two loops are anti-correlated, consistent with a model where the flux noise is generated by randomly oriented unpaired spins on the metal surface.Comment: 7 pages, including supplementary materia

Dynamical decoupling and dephasing in interacting two-level systems

We implement dynamical decoupling techniques to mitigate noise and enhance the lifetime of an entangled state that is formed in a superconducting flux qubit coupled to a microscopic two-level system. By rapidly changing the qubit's transition frequency relative to the two-level system, we realize a refocusing pulse that reduces dephasing due to fluctuations in the transition frequencies, thereby improving the coherence time of the entangled state. The coupling coherence is further enhanced when applying multiple refocusing pulses, in agreement with our $1/f$ noise model. The results are applicable to any two-qubit system with transverse coupling, and they highlight the potential of decoupling techniques for improving two-qubit gate fidelities, an essential prerequisite for implementing fault-tolerant quantum computing

Single-shot Readout of a Superconducting Qubit using a Josephson Parametric Oscillator

We propose and demonstrate a new read-out technique for a superconducting qubit by dispersively coupling it to a Josephson parametric oscillator. We employ a tunable quarter-wavelength superconducting resonator and modulate its resonant frequency at twice its value with an amplitude surpassing the threshold for parametric instability. We map the qubit states onto two distinct states of classical parametric oscillation: one oscillating state, with $185\pm15$ photons in the resonator, and one with zero oscillation amplitude. This high contrast obviates a following quantum-limited amplifier. We demonstrate proof-of-principle, single-shot readout performance, and present an error budget indicating that this method can surpass the fidelity threshold required for quantum computing.Comment: 11 pages, 5 figure

Correlated Counting of Single Electrons in a Nanowire Double Quantum Dot

We report on correlated real-time detection of individual electrons in an InAs nanowire double quantum dot. Two self-aligned quantum point contacts in an underlying two-dimensional electron gas material serve as highly sensitive charge detectors for the double quantum dot. Tunnel processes of individual electrons and all tunnel rates are determined by simultaneous measurements of the correlated signals of the quantum point contacts.Comment: 11 pages, 4 figures; http://stacks.iop.org/1367-2630/11/01300

A tunable coupling scheme for implementing high-fidelity two-qubit gates

The prospect of computational hardware with quantum advantage relies critically on the quality of quantum gate operations. Imperfect two-qubit gates is a major bottleneck for achieving scalable quantum information processors. Here, we propose a generalizable and extensible scheme for a two-qubit coupler switch that controls the qubit-qubit coupling by modulating the coupler frequency. Two-qubit gate operations can be implemented by operating the coupler in the dispersive regime, which is non-invasive to the qubit states. We investigate the performance of the scheme by simulating a universal two-qubit gate on a superconducting quantum circuit, and find that errors from known parasitic effects are strongly suppressed. The scheme is compatible with existing high-coherence hardware, thereby promising a higher gate fidelity with current technologies