Energy prices in Europe. Evidence of persistence across markets

This paper deals with the behavior of energy price changes and how their shocks exert an impact on suppliers and consumers in different markets. For this purpose, a fractional integration model is used to evaluate the persistence and mean reversion in prices across the major European markets (Germany, France, Italy, UK, Spain). We compare the results with other major players as the US and Japan, to understand, first, if the European behavior is different, and second, if geopolitical shocks that are affecting this market are expected to be permanent. Empirical results show evidence of mean reversion properties in European prices, though some minor differences arise from market to market that apparently, are not associated with the energy generation strategies followed by each country. Thus, it will likely be expected following the current energy shocks the series will recover due to natural market forces, without the need for additional policies

Quasars Clustering at z approx 3 on Scales less sim 10 h^{-1} Mpc

We test the hypothesis whether high redshift QSOs would preferentially appear in small groups or pairs, and if they are associated with massive, young clusters. We carried out a photometric search for \Ly emitters on scales $\lesssim 10 h^{-1}$ Mpc, in the fields of a sample of 47 $z\approx3$ known QSOs. Wide and narrow band filter color-magnitude diagrams were generated for each of the $6'.6\times6'.6$ fields. A total of 13 non resolved objects with a significant color excess were detected as QSO candidates at a redshift similar to that of the target. All the candidates are significantly fainter than the reference QSOs, with only 2 of them within 2 magnitudes of the central object. Follow-up spectroscopic observations have shown that 5, i.e., about 40% of the candidates, are QSOs at the same redshift of the target; 4 are QSOs at different z (two of them probably being a lensed pair at z = 1.47); 2 candidates are unresolved HII galaxies at z$\sim$0.3; one unclassified and one candidate turned out to be a CCD flaw. These data indicate that at least 10% of the QSOs at z$\sim$3 do have companions. We have also detected a number of resolved, rather bright \Ly Emitter Candidates. Most probably a large fraction of them might be bright galaxies with [OII] emission, at z$\approx$ 0.3. The fainter population of our candidates corresponds to the current expectations. Thus, there are no strong indication for the existence of an overdensity of \Ly galaxies brighter than m $\approx$ 25 around QSOs at $z\approx$ 3.Comment: 29 pages, 8 figures, tar gzip LaTex file, accepted to appear in Ap

New Structure In The Shapley Supercluster

We present new radial velocities for 189 galaxies in a 91 sq. deg region of the Shapley supercluster measured with the FLAIR-II spectrograph on the UK Schmidt Telescope. The data reveal two sheets of galaxies linking the major concentrations of the supercluster. The supercluster is not flattened in Declination as was suggested previously and it may be at least 30 percent larger than previously thought with a correspondingly larger contribution to the motion of the Local Group.Comment: LaTex: 2 pages, 1 figure, includes conf_iap.sty style file. To appear in proceedings of The 14th IAP Colloquium: Wide Field Surveys in Cosmology, held in Paris, 1998 May 26--30, eds. S.Colombi, Y.Mellie

Persistence in UK historical data on life expectancy

This paper provides estimates of persistence in historical UK data on life expectancy applying fractional integration methods to both an annual series from 1842 to 2019 and a 5-year average from 1543 to 2019. This method is the most appropriate for our purposes since it is more general and fexible than the classical methods based on integer diferentiation. The results indicate that the former exhibits an upward trend and is persistent but mean reverting; the same holds for the latter, though its degree of persistence is higher. Similar results are obtained for the logged values. On the whole, this evidence suggests that the efects of shocks to the series are transitory though persistent, which is useful information for policy makers whose task is to take appropriate measures to increase life expectancy

Redshifts in the Southern Abell Redshift Survey Clusters. I. The Data

The Southern Abell Redshift Survey contains 39 clusters of galaxies with redshifts in the range 0.0 < z < 0.31 and a median redshift depth of z = 0.0845. SARS covers the region 0 21h (while avoiding the LMC and SMC) with b > 40. Cluster locations were chosen from the Abell and Abell-Corwin-Olowin catalogs while galaxy positions were selected from the Automatic Plate Measuring Facility galaxy catalog with extinction-corrected magnitudes in the range 15 <= b_j < 19. SARS utilized the Las Campanas 2.5 m duPont telescope, observing either 65 or 128 objects concurrently over a 1.5 sq deg field. New redshifts for 3440 galaxies are reported in the fields of these 39 clusters of galaxies.Comment: 20 pages, 5 figures, accepted for publication in the Astronomical Journal, Table 2 can be downloaded in its entirety from http://trotsky.arc.nasa.gov/~mway/SARS1/sars1-table2.cs