On AdS2AdS_2 holography from redux, renormalization group flows and cc-functions

Extremal black branes upon compactification in the near horizon throat region are known to give rise to $AdS_2$ dilaton-gravity-matter theories. Away from the throat region, the background has nontrivial profile. We interpret this as holographic renormalization group flow in the 2-dim dilaton-gravity-matter theories arising from dimensional reduction of the higher dimensional theories here. The null energy conditions allow us to formulate a holographic c-function in terms of the 2-dim dilaton for which we argue a c-theorem subject to appropriate boundary conditions which amount to restrictions on the ultraviolet theories containing these extremal branes. At the infrared $AdS_2$ fixed point, the c-function becomes the extremal black brane entropy. We discuss the behaviour of this inherited c-function in various explicit examples, in particular compactified nonconformal branes, and compare it with other discussions of holographic c-functions. We also adapt the holographic renormalization group formulated in terms of radial Hamiltonian flow to 2-dim dilaton-gravity-scalar theories, which while not Wilsonian, gives qualitative insight into the flow equations and $\beta$-functions.Comment: Latex, 40pgs incl appendices; v2: minor tweaks, figure added; v3: minor clarifications added, matches version to be publishe

To what extent are investment bank-differentiating factors relevant for firms floating moderate-sized IPOs?

One explanation provided for the relatively high and increasingly stable spreads for moderate-sized IPOs ($20-$80 million) documented in Chen and Ritter (2000) is that issuing firms focus less on price and more on a combination of investment bank-differentiating factors (such as underwriter prestige, analyst coverage, industry expertise, under-pricing, price stabilization activities, liquidity provision, and so on,) and banks use industry-based differentiation as a source of market power. Using a new approach developed in a model of firm location choice due to Ellison and Glaeser (1997), this paper presents some evidence on the combined relevance of such bank-differentiating factors, over and above bank size, for firms choosing investment banks for floating IPOs. For moderate-sized IPOs, there is a little, but not much evidence that such factors are a good explanation for high and increasingly stable spreads. Other than in a few of the largest industries, bank-differentiating factors are not significantly relevant for a large proportion of industries. Moreover, one aggregate measure of differentiation is declining over time.Investment Banking, Initial Public Offering, Differentiating Factors, Concentration, 7 percent puzzle

Complete sets of cyclic mutually unbiased bases in even prime power dimensions

We present a construction method for complete sets of cyclic mutually unbiased bases (MUBs) in Hilbert spaces of even prime power dimensions. In comparison to usual complete sets of MUBs, complete cyclic sets possess the additional property of being generated by a single unitary operator. The construction method is based on the idea of obtaining a partition of multi-qubit Pauli operators into maximal commuting sets of orthogonal operators with the help of a suitable element of the Clifford group. As a consequence, we explicitly obtain complete sets of cyclic MUBs generated by a single element of the Clifford group in dimensions $2^m$ for $m=1,2,...,24$.Comment: 10 page

Hyperscaling violation and the shear diffusion constant

We consider holographic theories in bulk $(d+1)$-dimensions with Lifshitz and hyperscaling violating exponents $z,\theta$ at finite temperature. By studying shear gravitational modes in the near-horizon region given certain self-consistent approximations, we obtain the corresponding shear diffusion constant on an appropriately defined stretched horizon, adapting the analysis of Kovtun, Son and Starinets. For generic exponents with $d-z-\theta>-1$, we find that the diffusion constant has power law scaling with the temperature, motivating us to guess a universal relation for the viscosity bound. When the exponents satisfy $d-z-\theta=-1$, we find logarithmic behaviour. This relation is equivalent to $z=2+d_{eff}$ where $d_{eff}=d_i-\theta$ is the effective boundary spatial dimension (and $d_i=d-1$ the actual spatial dimension). It is satisfied by the exponents in hyperscaling violating theories arising from null reductions of highly boosted black branes, and we comment on the corresponding analysis in that context.Comment: Latex, 17pgs, v3: clarifications added on z<2+d_{eff} and standard quantization, to be publishe

An analytical study of transport, mixing and chaos in an unsteady vortical flow

We examine the transport properties of a particular two-dimensional, inviscid incompressible flow using dynamical systems techniques. The velocity field is time periodic and consists of the field induced by a vortex pair plus an oscillating strainrate field. In the absence of the strain-rate field the vortex pair moves with a constant velocity and carries with it a constant body of fluid. When the strain-rate field is added the picture changes dramatically; fluid is entrained and detrained from the neighbourhood of the vortices and chaotic particle motion occurs. We investigate the mechanism for this phenomenon and study the transport and mixing of fluid in this flow. Our work consists of both numerical and analytical studies. The analytical studies include the interpretation of the invariant manifolds as the underlying structure which govern the transport. For small values of strain-rate amplitude we use Melnikov's technique to investigate the behaviour of the manifolds as the parameters of the problem change and to prove the existence of a horseshoe map and thus the existence of chaotic particle paths in the flow. Using the Melnikov technique once more we develop an analytical estimate of the flux rate into and out of the vortex neighbourhood. We then develop a technique for determining the residence time distribution for fluid particles near the vortices that is valid for arbitrary strainrate amplitudes. The technique involves an understanding of the geometry of the tangling of the stable and unstable manifolds and results in a dramatic reduction in computational effort required for the determination of the residence time distributions. Additionally, we investigate the total stretch of material elements while they are in the vicinity of the vortex pair, using this quantity as a measure of the effect of the horseshoes on trajectories passing through this region. The numerical work verifies the analytical predictions regarding the structure of the invariant manifolds, the mechanism for entrainment and detrainment and the flux rate

Superfluid Insulator Transitions of Hard-Core Bosons on the Checkerboard Lattice

We study hard-core bosons on the checkerboard lattice with nearest neighbour unfrustrated hopping $t$ and `tetrahedral' plaquette charging energy $U$. Analytical arguments and Quantum Monte Carlo simulations lead us to the conclusion that the system undergoes a zero temperature ($T$) quantum phase transition from a superfluid phase at small $U/t$ to a large $U/t$ Mott insulator phase with $\rho$ = 1/4 for a range of values of the chemical potential $\mu$. Further, the quarter-filled insulator breaks lattice translation symmetry in a characteristic four-fold ordering pattern, and occupies a lobe of finite extent in the $\mu$-$U/t$ phase diagram. A Quantum Monte-Carlo study slightly away from the tip of the lobe provides evidence for a direct weakly first-order superfluid-insulator transition away from the tip of the lobe. While analytical arguments leads us to conclude that the transition {\em at} the tip of the lobe belongs to a different landau-forbidden second-order universality class, an extrapolation of our numerical results suggests that the size of the first-order jump does not go to zero even at the tip of the lobe.Comment: published versio

Persistent supersolid phase of hard-core bosons on the triangular lattice

We study hard-core bosons with unfrustrated hopping ($t$) and nearest neighbour repulsion ($U$) on the triangular lattice. At half-filling, the system undergoes a zero temperature ($T$) quantum phase transition from a superfluid phase at small $U$ to a supersolid at $U_c \approx 4.45$ in units of $2t$. This supersolid phase breaks the lattice translation symmetry in a characteristic $\sqrt{3} \times \sqrt{3}$ pattern, and is remarkably stable--indeed, a smooth extrapolation of our results indicates that the supersolid phase persists for arbitrarily large $U/t$.Comment: 4 pages, 5 figures, two column forma