Bailouts in a common market: a strategic approach

Governments in the EU grant Rescue and Restructure Subsidies to bail out ailing firms. In an international asymmetric Cournot duopoly we study effects of such subsidies on market structure and welfare. We adopt a common market setting, where consumers from the two countries form one market. We show that the subsidy is positive also when it fails to prevent the exit. The reason is a strategic effect, which forces the more efficient firm to make additional cost-reducing effort. When the exit is prevented, allocative and productive efficiencies are lower and the only gaining player is the rescued firm

Generic tests of the existence of the gravitational dipole radiation and the variation of the gravitational constant

We present results from the high precision timing analysis of the pulsar-white dwarf (WD) binary PSR J1012+5307 using 15 years of multi-telescope data. Observations were performed regularly by the European Pulsar Timing Array (EPTA) network, consisting of Effelsberg, Jodrell Bank, Westerbork and Nan\c{c}ay. All the timing parameters have been improved from the previously published values, most by an order of magnitude. In addition, a parallax measurement of $\pi = 1.2(3)$ mas is obtained for the first time for PSR J1012+5307, being consistent with the optical estimation from the WD companion. Combining improved 3D velocity information and models for the Galactic potential the complete evolutionary Galactic path of the system is obtained. A new intrinsic eccentricity upper limit of $e<8.4\times 10^{-7}$ is acquired, one of the smallest calculated for a binary system and a measurement of the variation of the projected semi-major axis also constrains the system's orbital orientation for the first time. It is shown that PSR J1012+5307 is an ideal laboratory for testing alternative theories of gravity. The measurement of the change of the orbital period of the system of $\dot{P}_{b} = 5(1)\times 10^{-14}$ is used to set an upper limit on the dipole gravitational wave emission that is valid for a wide class of alternative theories of gravity. Moreover, it is shown that in combination with other binary pulsars PSR J1012+5307 is an ideal system to provide self-consistent, generic limits, based only on millisecond pulsar data, for the dipole radiation and the variation of the gravitational constant $\dot{G}$.Comment: accepted for publication in MNRAS, 11 pages, 5 figures, 2 table

Timing stability of millisecond pulsars and prospects for gravitational-wave detection

Analysis of high-precision timing observations of an array of approx. 20 millisecond pulsars (a so-called "timing array") may ultimately result in the detection of a stochastic gravitational-wave background. The feasibility of such a detection and the required duration of this type of experiment are determined by the achievable rms of the timing residuals and the timing stability of the pulsars involved. We present results of the first long-term, high-precision timing campaign on a large sample of millisecond pulsars used in gravitational-wave detection projects. We show that the timing residuals of most pulsars in our sample do not contain significant low-frequency noise that could limit the use of these pulsars for decade-long gravitational-wave detection efforts. For our most precisely timed pulsars, intrinsic instabilities of the pulsars or the observing system are shown to contribute to timing irregularities on a five-year timescale below the 100 ns level. Based on those results, realistic sensitivity curves for planned and ongoing timing array efforts are determined. We conclude that prospects for detection of a gravitational-wave background through pulsar timing array efforts within five years to a decade are good.Comment: 21 pages, 5 figures, submitted to MNRA

A search for an unexpected asymmetry in the production of e+μ− and e−μ+ pairs in proton-proton collisions recorded by the ATLAS detector at root s = 13 TeV

This search, a type not previously performed at ATLAS, uses a comparison of the production cross sections for e(+)mu(-) and e(-)mu(+) pairs to constrain physics processes beyond the Standard Model. It uses 139 fb(-1) of proton-proton collision data recorded at root s = 13 TeV at the LHC. Targeting sources of new physics which prefer final states containing e(+)mu(-) and e(-)mu(+), the search contains two broad signal regions which are used to provide model-independent constraints on the ratio of cross sections at the 2% level. The search also has two special selections targeting supersymmetric models and leptoquark signatures. Observations using one of these selections are able to exclude, at 95% confidence level, singly produced smuons with masses up to 640 GeV in a model in which the only other light sparticle is a neutralino when the R-parity-violating coupling lambda(23)(1)' is close to unity. Observations using the other selection exclude scalar leptoquarks with masses below 1880 GeV when g(1R)(eu) = g(1R)(mu c) = 1, at 95% confidence level. The limit on the coupling reduces to g(1R)(eu) = g(1R)(mu c) = 0.46 for a mass of 1420 GeV

Measurement of the nuclear modification factor for muons from charm and bottom hadrons in Pb+Pb collisions at 5.02 TeV with the ATLAS detector

Heavy-flavour hadron production provides information about the transport properties and microscopic structure of the quark-gluon plasma created in ultra-relativistic heavy-ion collisions. A measurement of the muons from semileptonic decays of charm and bottom hadrons produced in Pb+Pb and pp collisions at a nucleon-nucleon centre-of-mass energy of 5.02 TeV with the ATLAS detector at the Large Hadron Collider is presented. The Pb+Pb data were collected in 2015 and 2018 with sampled integrated luminosities of 208 mu b(-1) and 38 mu b(-1), respectively, and pp data with a sampled integrated luminosity of 1.17 pb(-1) were collected in 2017. Muons from heavy-flavour semileptonic decays are separated from the light-flavour hadronic background using the momentum imbalance between the inner detector and muon spectrometer measurements, and muons originating from charm and bottom decays are further separated via the muon track's transverse impact parameter. Differential yields in Pb+Pb collisions and differential cross sections in pp collisions for such muons are measured as a function of muon transverse momentum from 4 GeV to 30 GeV in the absolute pseudorapidity interval vertical bar eta vertical bar &lt; 2. Nuclear modification factors for charm and bottom muons are presented as a function of muon transverse momentum in intervals of Pb+Pb collision centrality. The bottom muon results are the most precise measurement of b quark nuclear modification at low transverse momentum where reconstruction of B hadrons is challenging. The measured nuclear modification factors quantify a significant suppression of the yields of muons from decays of charm and bottom hadrons, with stronger effects for muons from charm hadron decays