11,319 research outputs found

    The Optimal Rate of Decline of an Inefficient Industry

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    This paper considers the problem of the optimal time path of contraction of an industry which has been hit by foreign competition, and shows that in general, along the optimal path, a production subsidy is warranted. The optimal subsidy trades off the benefit of unemployment in speeding up the approach to the new long-run equilibrium against the cost of lost output in the ‘inefficient’ industry. The dynamic shadow price of labour in this industry is also derived and shown to be always positive, though below the industry wage rate

    The Optimal Rate of Decline of an Inefficient Industry

    Get PDF
    This paper considers the problem of the optimal time path of contraction of an industry which has been hit by foreign competition, and shows that in general, along the optimal path, a production subsidy is warranted. The optimal subsidy trades off the benefit of unemployment in speeding up the approach to the new long-run equilibrium against the cost of lost output in the ‘inefficient’ industry. The dynamic shadow price of labour in this industry is also derived and shown to be always positive, though below the industry wage rat

    Fractional Operators, Dirichlet Averages, and Splines

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    Fractional differential and integral operators, Dirichlet averages, and splines of complex order are three seemingly distinct mathematical subject areas addressing different questions and employing different methodologies. It is the purpose of this paper to show that there are deep and interesting relationships between these three areas. First a brief introduction to fractional differential and integral operators defined on Lizorkin spaces is presented and some of their main properties exhibited. This particular approach has the advantage that several definitions of fractional derivatives and integrals coincide. We then introduce Dirichlet averages and extend their definition to an infinite-dimensional setting that is needed to exhibit the relationships to splines of complex order. Finally, we focus on splines of complex order and, in particular, on cardinal B-splines of complex order. The fundamental connections to fractional derivatives and integrals as well as Dirichlet averages are presented

    Ethnic variations in the relationship between multiple stress domains and use of several types of tobacco/nicotine products among a diverse sample of adults.

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    IntroductionFinancial strain and discrimination are consistent predictors of negative health outcomes and maladaptive coping behaviors, including tobacco use. Although there is considerable information exploring stress and smoking, limited research has examined the relationship between patterns of stress domains and specific tobacco/nicotine product use. Even fewer studies have assessed ethnic variations in these relationships.MethodsThis study investigated the relationship between discrimination and financial strain and current tobacco/nicotine product use and explored the ethnic variation in these relationships among diverse sample of US adults (N = 1068). Separate logistic regression models assessed associations between stress domains and tobacco/nicotine product use, adjusting for covariates (e.g., age, gender, race/ethnicity, and household income). Due to statistically significant differences, the final set of models was stratified by race/ethnicity.ResultsHigher levels of discrimination were associated with higher odds of all three tobacco/nicotine product categories. Financial strain was positively associated with combustible tobacco and combined tobacco/nicotine product use. Financial strain was especially risky for Non-Hispanic Whites (AOR:1.191, 95%CI:1.083-1.309) and Blacks/African Americans (AOR:1.542, 95%CI:1.106-2.148), as compared to other groups, whereas discrimination was most detrimental for Asians/Pacific Islanders (AOR:3.827, 95%CI:1.832-7.997) and Hispanics/Latinas/Latinos (AOR:2.517, 95%CI:1.603-3.952).ConclusionsFindings suggest discrimination and financial stressors are risk factors for use of multiple tobacco/nicotine products, highlighting the importance of prevention research that accounts for these stressors. Because ethnic groups may respond differently to stress/strain, prevention research needs to identify cultural values, beliefs, and coping strategies that can buffer the negative consequences of discrimination and financial stressors

    Vector meson spectral function and dilepton rate in an effective mean field model

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    We have studied the vector meson spectral function (VMSF) in a hot and dense medium within an effective QCD model namely the Nambu-Jona-Lasinio (NJL) and its Polyakov Loop extended version (PNJL) with and without the effect of isoscalar vector interaction (IVI). The effect of the IVI has been taken into account using the ring approximation. We obtained the dilepton production rate (DPR) using the VMSF and observed that at moderate temperature it is enhanced in the PNJL model as compared to the NJL and Born rate due to the suppression of color degrees of freedom.Comment: 5 pages, 7 figures, conference proceedings of the XXI DAE-BRNS HEP Symposium, IIT Guwahati, December 2014; to appear in 'Springer Proceedings in Physics Series

    The transient response of global-mean precipitation to increasing carbon dioxide levels

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    The transient response of global-mean precipitation to an increase in atmospheric carbon dioxide levels of 1% yr(-1) is investigated in 13 fully coupled atmosphere-ocean general circulation models (AOGCMs) and compared to a period of stabilization. During the period of stabilization, when carbon dioxide levels are held constant at twice their unperturbed level and the climate left to warm, precipitation increases at a rate of similar to 2.4% per unit of global-mean surface-air-temperature change in the AOGCMs. However, when carbon dioxide levels are increasing, precipitation increases at a smaller rate of similar to 1.5% per unit of global-mean surface-air-temperature change. This difference can be understood by decomposing the precipitation response into an increase from the response to the global surface-temperature increase (and the climate feedbacks it induces), and a fast atmospheric response to the carbon dioxide radiative forcing that acts to decrease precipitation. According to the multi-model mean, stabilizing atmospheric levels of carbon dioxide would lead to a greater rate of precipitation change per unit of global surface-temperature change

    The Remarkable Mid-Infrared Jet of Massive Young Stellar Object G35.20-0.74

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    The young massive stellar object G35.20-0.74 was observed in the mid-infrared using T-ReCS on Gemini South. Previous observations have shown that the near infrared emission has a fan-like morphology that is consistent with emission from the northern lobe of a bipolar radio jet known to be associated with this source. Mid-infrared observations presented in this paper show a monopolar jet-like morphology as well, and it is argued that the mid-infrared emission observed is dominated by thermal continuum emission from dust. The mid-infrared emission nearest the central stellar source is believed to be directly heated dust on the walls of the outflow cavity. The hydroxyl, water, and methanol masers associated with G35.20-0.74 are spatially located along these mid-infrared cavity walls. Narrow jet or outflow cavities such as this may also be the locations of the linear distribution of methanol masers that are found associated with massive young stellar objects. The fact that G35.20-0.74 has mid-infrared emission that is dominated by the outflow, rather than disk emission, is a caution to those that consider mid-infrared emission from young stellar objects as only coming from circumstellar disks.Comment: Accepted for publication in ApJ Letters; 4 pages; 2 figures; a version with full resolution images is available here: http://www.ctio.noao.edu/~debuizer
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