Cost efficiency and electricity market structure: A case study of OECD countries

The OECD electricity sector has witnessed significant institutional restructuring over the past three decades. As a consequence, many power generation utilities now act as unregulated companies that technically compete to sell power on an open market. This paper analyses the performance in term of cost efficiency for electricity generation in OECD power sector while accounting for the impact of electricity market structures. We employ the short-run cost function in which capital stock is treated as a quasi-fixed factor input. Empirical models are developed for the cost function as a translog form and analysed using panel data of 25 countries during the period 1980 to 2009. We show that it is necessary to model latent country-specific heterogeneity in addition to time-varying inefficiency. The estimated economies of scale are adjusted to take account of the importance of the quasi-fixed capital input in determining cost behaviour, and long run constant returns to scale are verified for the OECD generation sector. The research findings suggest there is a significant impact of electricity market regulatory indicators on cost. In particular, public ownership and vertical integration are found to have significant and sizable increasing impacts on cost, thereby indicating policy lessons on the desirable ways to implement structural electricity generation reforms

Towards Mixed Gr{\"o}bner Basis Algorithms: the Multihomogeneous and Sparse Case

One of the biggest open problems in computational algebra is the design of efficient algorithms for Gr{\"o}bner basis computations that take into account the sparsity of the input polynomials. We can perform such computations in the case of unmixed polynomial systems, that is systems with polynomials having the same support, using the approach of Faug{\`e}re, Spaenlehauer, and Svartz [ISSAC'14]. We present two algorithms for sparse Gr{\"o}bner bases computations for mixed systems. The first one computes with mixed sparse systems and exploits the supports of the polynomials. Under regularity assumptions, it performs no reductions to zero. For mixed, square, and 0-dimensional multihomogeneous polynomial systems, we present a dedicated, and potentially more efficient, algorithm that exploits different algebraic properties that performs no reduction to zero. We give an explicit bound for the maximal degree appearing in the computations

Hyperdeterminants as integrable discrete systems

We give the basic definitions and some theoretical results about hyperdeterminants, introduced by A. Cayley in 1845. We prove integrability (understood as 4d-consistency) of a nonlinear difference equation defined by the 2x2x2-hyperdeterminant. This result gives rise to the following hypothesis: the difference equations defined by hyperdeterminants of any size are integrable. We show that this hypothesis already fails in the case of the 2x2x2x2-hyperdeterminant.Comment: Standard LaTeX, 11 pages. v2: corrected a small misprint in the abstrac

Basal Signalling Through Death Receptor 5 and Caspase 3 Activates p38 Kinase To Regulate Serum Response Factor (SRF)-Mediated Myod Transcription

We have previously reported that stable expression of a dominant negative Death Receptor 5 (dnDR5) in skeletal myoblasts results in decreased basal caspase activity and decreased mRNA and protein expression of the muscle regulatory transcription factor MyoD in growth medium (GM), resulting in inhibited differentation when myoblasts are then cultured in differentiation media (DM). Further, this decreased level of MyoD mRNA was not a consequence of altered message stability, but rather correlated with decreased acetylation of histones in the distal regulatory region (DRR) of the MyoD extended promoter known to control MyoD transcription. As serum response factor (SRF) is the transcription factor known to be responsible for basal MyoD expression in GM, we compared the level of SRF binding to the non-canonical serum response element (SRE) within the DRR in parental and dnDR5 expressing myoblasts. Herein, we report that stable expression of dnDR5 resulted in decreased levels of serum response factor (SRF) binding to the CArG box in the SRE of the DRR. Total SRF expression levels were not affected, but phosphorylation indicative of SRF activation was impaired. This decreased SRF phosphorylation correlated with decreased phosphorylation-induced activation of p38 kinase. Moreover, the aforementioned signaling events affected by expression of dnDR5 could be appropriately recapitulated using either a pharmacological inhibitor of caspase 3 or p38 kinase. Thus, our results have established a signaling pathway from DR5 through caspases to p38 kinase activation, to SRF activation and the basal expression of MyoD

Eynard-Mehta theorem, Schur process, and their pfaffian analogs

We give simple linear algebraic proofs of Eynard-Mehta theorem, Okounkov-Reshetikhin formula for the correlation kernel of the Schur process, and Pfaffian analogs of these results. We also discuss certain general properties of the spaces of all determinantal and Pfaffian processes on a given finite set.Comment: AMSTeX, 21 pages, a new section adde

Formative evaluation of electricity distribution utilities using data envelopment analysis

The use of Data Envelopment Analysis (DEA) in the electricity distribution sector has been prolific in the number of papers published in research journals. However, while numerous studies have been documented, they have mostly been summative. Their aim has been predominantly descriptive and classificatory. This paper argues that evaluations of a formative nature are more effective than summative studies in promoting a better understanding of the structures and processes of electricity distribution utilities and, consequently, are more appropriate to contribute to performance improvement. To illustrate the use of DEA for formative evaluation, and highlight some of the difficulties of using DEA in practice, this paper compares the cost-efficiency of the Portuguese electricity distribution companies from 2002 to 2006. A dynamic analysis using Malmquist Indices is also conducted in order to evaluate the changes in productivity over this period. Our analysis shows that the application of DEA for formative purposes meets some difficulties. In particular it shows that while the modelling of productivity/efficiency scores using DEA is relatively straightforward, it is comparatively more difficult to develop models that are economically valid and that produce results with face validity. On the basis of the insights derived from this analysis, the paper provides some recommendations regarding the successful application of DEA for performance improvement

Papillary muscle traction in mitral valve prolapse: Quantitation by two-dimensional echocardiography

Previous angiographic observations in patients with mitral valve prolapse have suggested that superior leaflet displacement results in abnormal superior tension on the papillary muscle tips that causes their superior traction or displacement. It has further been postulated that such tension can potentially affect the mechanical and electrophysiologic function of the left ventricle. The purpose of this study was to confirm and quantitate this phenomenon noninvasively by using two-dimensional echocardiography to determine whether superior displacement of the papillary muscle tips occurs and its relation to the degree of mitral leaflet displacement.Directed echocardiographic examination of the papillary muscles and mitral anulus was carried out in a series of patients with classic mitral valve prolapse and results were compared with those in a group of normal control subjects. Distance from the anulus to the papillary muscle tip was measured both in early and at peak ventricular systole. In normal subjects, this distance did not change significantly through systole, whereas in the patient group it decreased, corresponding to a superior displacement of the papillary muscle tips toward the anulus in systole (8.5 ± 2.6 vs. 0.8 ± 0.7 mm; p < 0.0001). This superior papillary muscle motion paralleled the superior displacement of the leaflets in individual patients (y = l.0x + 0.8; r = 0.93) and followed a similar time course. The systolic motion of the mitral anulus toward the apex, assessed with respect to a fixed external reference, was not significantly different in the patients and control groups (14.3 ± 4 vs. 15.5 ± 4.4 mm; p = 0.4) and therefore could not explain the superior papillary muscle tip motion relative to the anulus in the patients with mitral valve prolapse.These results demonstrate that normal mechanisms maintain a relatively constant distance between the papillary muscle tips and the mitral anulus during systole. In classic mitral valve prolapse, superior leaflet displacement is paralleled by superior displacement of the papillary muscles that is consistent with superiorly directed forces causing their traction. Two-dimensional echocardiography can therefore be used to measure these relations and test hypotheses as to their clinical correlates in patients with mitral valve prolapse

901-110 Three-Dimensional Ultrasound Can Accurately Reconstruct Intravascular Thrombi: In Vitro Validation

High-frequency ultrasound can potentially display gross morphologic changes during thrombus formation and lysis. Current intravascular ultrasound (IVUS) devices, however, provide only 2-dimensional cross-sectional images with limited overall appreciation of thrombus size and 3-dimensional (3D) configuration. The purpose of this study was to explore the ability of 3D reconstruction of serial ultrasound images to provide a quantitative assessment of intravascular thrombi. We therefore imaged 11 arterial thrombi of varying shape and volume (10 to 116mm3). To avoid thrombus disruption, we used an epivascular approach (also suitable for transvenous imaging) with a 20MHz IVUS catheter withdrawn at 1mm/sec. A 3D voxel image intensity data set was reconstructed, and thrombus volume was semiautomatically extracted based on its intensity. Calculated volume was compared with directly measured values by volume displacement in a miniature cylinder.Results3D reconstruction provided previously unobtainable longitudinal and 3D views that improved spatial appreciation of thrombus size, shape and channel formation. Calculated thrombus volumes agreed well with actual volumes: y=0.92x+2.4, r=0.98, SEE=5mm3, mean error = 1±5mm3(ns vs 0).Conclusion3D reconstruction can improve spatial appreciation of the shape of thrombi and accurately measure their volumes. This approach, suitable for epivascular or transvenous imaging, could potentially be used to study thrombus formation and lysis in research and clinical studies

Invariant and polynomial identities for higher rank matrices

We exhibit explicit expressions, in terms of components, of discriminants, determinants, characteristic polynomials and polynomial identities for matrices of higher rank. We define permutation tensors and in term of them we construct discriminants and the determinant as the discriminant of order $d$, where $d$ is the dimension of the matrix. The characteristic polynomials and the Cayley--Hamilton theorem for higher rank matrices are obtained there from