An Experimental Analysis of Optimal Renewable Resource Management: The Fishery

fishing industry;resource management;decision making;uncertainty;experimental economics

How Far Ahead Do People Plan?

We report on a simple experiment which enables us to infer how far people plan ahead when taking decisions in a dynamic risky context. Usually economic theory assumes that people plan right to the end of the planning horizon. We find that this is true for a little over half of the subjects in the experiment, while a little under one half seem not to plan ahead at all.We report on a simple experiment which enables us to infer how far people plan ahead when taking decisions in a dynamic risky context. Usually economic theory assumes that people plan right to the end of the planning horizon. We find that this is true for a little over half of the subjects in the experiment, while a little under one half seem not to plan ahead at all.Refereed Working Papers / of international relevanc

Double-layer shocks in a magnetized quantum plasma

The formation of small but finite amplitude electrostatic shocks in the propagation of quantum ion-acoustic waves (QIAWs) obliquely to an external magnetic field is reported in a quantum electron-positron-ion (e-p-i) plasma. Such shocks are seen to have double-layer (DL) structures composed of the compressive and accompanying rarefactive slow-wave fronts. Existence of such DL shocks depends critically on the quantum coupling parameter $H$ associated with the Bohm potential and the positron to electron density ratio $\delta$. The profiles may, however, steepen initially and reach a steady state with a number of solitary waves in front of the shocks. Such novel DL shocks could be a good candidate for particle acceleration in intense laser-solid density plasma interaction experiments as well as in compact astrophysical objects, e.g., magnetized white dwarfs.Comment: 4 pages, 1 figure (to appear in Physical Review E

Quantum Degenerate Exciton-Polaritons in Thermal Equilibrium

We study the momentum distribution and relaxation dynamics of semiconductor microcavity polaritons by angle-resolved and time-resolved spectroscopy. Above a critical pump level, the thermalization time of polaritons at positive detunings becomes shorter than their lifetime, and the polaritons form a quantum degenerate Bose-Einstein distribution in thermal equilibrium with the lattice.Comment: Updated with the published versio