Public Goods in Trade: On the Formation of Markets and Political Jurisdictions

The current debate in Western Europe centers on the relationship between economic and political integration. To address this problem, we construct a simple general equilibrium model in which the returns to trading are directly affected by the availability of a public good. In our model, heterogeneous agents choose both a club and a market to belong to. In the club, agents vote over the public good, are taxed to finance this good, and receive access to it when they trade. In the market, they are randomly matched with a partner. If a match occurs between traders of different clubs, they both suffer a transactions cost. We show that, in general, the political boundaries established by the clubs can be distinct from market borders, leading to international trade between members of different clubs. Further, as the region develops, markets become wider (eventually leading to a common market) and the desire to avoid transaction costs initially leads to political unification. At still higher levels of development, however, where transaction costs are less important, traders prefer the diversity offered by multiple clubs.

Abstract Swiss Cheese Space and the Classicalisation of Swiss Cheeses

Swiss cheese sets are compact subsets of the complex plane obtained by deleting a sequence of open disks from a closed disk. Such sets have provided numerous counterexamples in the theory of uniform algebras. In this paper, we introduce a topological space whose elements are what we call "abstract Swiss cheeses". Working within this topological space, we show how to prove the existence of "classical" Swiss cheese sets (as discussed in a paper of Feinstein and Heath from 2010) with various desired properties. We first give a new proof of the Feinstein-Heath classicalisation theorem. We then consider when it is possible to "classicalise" a Swiss cheese while leaving disks which lie outside a given region unchanged. We also consider sets obtained by deleting a sequence of open disks from a closed annulus, and we obtain an analogue of the Feinstein-Heath theorem for these sets. We then discuss regularity for certain uniform algebras. We conclude with an application of these techniques to obtain a classical Swiss cheese set which has the same properties as a non-classical example of O'Farrell (1979).Comment: To appear in the Journal of Mathematical Analysis and Application

The chain rule for F\mathcal F-differentiation

Let $X$ be a perfect, compact subset of the complex plane, and let $D^{(1)}(X)$ denote the (complex) algebra of continuously complex-differentiable functions on $X$. Then $D^{(1)}(X)$ is a normed algebra of functions but, in some cases, fails to be a Banach function algebra. Bland and the second author investigated the completion of the algebra $D^{(1)}(X)$, for certain sets $X$ and collections $\mathcal{F}$ of paths in $X$, by considering $\mathcal{F}$-differentiable functions on $X$. In this paper, we investigate composition, the chain rule, and the quotient rule for this notion of differentiability. We give an example where the chain rule fails, and give a number of sufficient conditions for the chain rule to hold. Where the chain rule holds, we observe that the Fa\'a di Bruno formula for higher derivatives is valid, and this allows us to give some results on homomorphisms between certain algebras of $\mathcal{F}$-differentiable functions.Comment: 12 pages, submitte

Cosmologies with Two-Dimensional Inhomogeneity

We present a new generating algorithm to construct exact non static solutions of the Einstein field equations with two-dimensional inhomogeneity. Infinite dimensional families of $G_1$ inhomogeneous solutions with a self interacting scalar field, or alternatively with perfect fluid, can be constructed using this algorithm. Some families of solutions and the applications of the algorithm are discussed.Comment: 9 pages, one postscript figur

Penrose Limits, the Colliding Plane Wave Problem and the Classical String Backgrounds

We show how the Szekeres form of the line element is naturally adapted to study Penrose limits in classical string backgrounds. Relating the "old" colliding wave problem to the Penrose limiting procedure as employed in string theory we discuss how two orthogonal Penrose limits uniquely determine the underlying target space when certain symmetry is imposed. We construct a conformally deformed background with two distinct, yet exactly solvable in terms of the string theory on R-R backgrounds, Penrose limits. Exploiting further the similarities between the two problems we find that the Penrose limit of the gauged WZW Nappi-Witten universe is itself a gauged WZW plane wave solution of Sfetsos and Tseytlin. Finally, we discuss some issues related to singularity, show the existence of a large class of non-Hausdorff solutions with Killing Cauchy Horizons and indicate a possible resolution of the problem of the definition of quantum vacuum in string theory on these time-dependent backgrounds.Comment: Some misprints corrected. Matches the version in print. To appear in Classical & Quantum Gravit

Swiss cheeses and their applications

Swiss cheese sets have been used in the literature as useful examples in the study of rational approximation and uniform algebras. In this paper, we give a survey of Swiss cheese constructions and related results. We describe some notable examples of Swiss cheese sets in the literature. We explain the various abstract notions of Swiss cheeses, and how they can be manipulated to obtain desirable properties. In particular, we discuss the Feinstein-Heath classicalisation theorem and related results. We conclude with the construction of a new counterexample to a conjecture of S. E. Morris, using a classical Swiss cheese set

Initial Conditions and the Structure of the Singularity in Pre-Big-Bang Cosmology

We propose a picture, within the pre-big-bang approach, in which the universe emerges from a bath of plane gravitational and dilatonic waves. The waves interact gravitationally breaking the exact plane symmetry and lead generically to gravitational collapse resulting in a singularity with the Kasner-like structure. The analytic relations between the Kasner exponents and the initial data are explicitly evaluated and it is shown that pre-big-bang inflation may occur within a dense set of initial data. Finally, we argue that plane waves carry zero gravitational entropy and thus are, from a thermodynamical point of view, good candidates for the universe to emerge from.Comment: 18 pages, LaTeX, epsfig. 3 figures included. Minor changes; paragraph added in the introduction, references added and typos corrected. Final version published in Classical and Quantum Gravit