Deformations and quasiparticle spectra of nuclei in the nobelium region

We have performed self-consistent Skyrme Hartree-Fock-Bogolyubov calculations for nuclei close to $^{254}$No. Self-consistent deformations, including $\beta_{2,4,6,8}$ as functions of the rotational frequency, were determined for even-even nuclei $^{246,248,250}$Fm, $^{252,254}$No, and $^{256}$Rf. The quasiparticle spectra for N=151 isotones and Z=99 isotopes were calculated and compared with experimental data and the results of Woods-Saxon calculations. We found that our calculations give high-order deformations similar to those obtained for the Woods-Saxon potential, and that the experimental quasiparticle energies are reasonably well reproduced.Comment: 6 pages, 2 figures; ICFN5 conference proceeding

Monitoring and Market Power in Credit Markets

No abstract.

Education and invention.

Modern growth theory puts invention on the center stage. Inventions are created by individuals, raising the question: can we increase number of inventors? To answer this question, we study the causal effect of M.Sc. engineering education on invention, using data on U.S. patents’ Finnish inventors and the distance to the nearest technical university as an instrument. We find a positive effect of engineering education on the propensity to patent, and a negative OLS bias. Our counterfactual calculation suggests that establishing 3 new technical universities resulted in a 20% increase in the number of USPTO patents by Finnish inventors.ability bias; citations; education; engineers; growth; innovation; invention; inventors; patents;

Equilibrium in financial markets with adverse selection

We study a financial market adverse selection model where all agents are endowed with initial wealth and choose to invest as entrepreneurs or financiers, or not to invest. We show that often a lack of outside finance leads to the emergence of financial markets where availability of outside finance leads to autarky. We find that i) there exist Pareto- efficient and inefficient equilibria; ii) adverse selection has more severe consequences for poorer economies; iii) increasing initial wealth may cause a shift from Pareto-efficient to inefficient equilibrium; iv) increasing the proportion of agents with positive NPV projects causes a shift from inefficient to efficient equilibrium; v) equilibrium financial contracts are either equity-like or ‘pure’ debt contracts; vi) agents with negative (positive) NPV projects earn rents only in (non- )wealth-constrained economies; vii) agents earn rents only when employing pure debt contracts; and viii) removing storage technology destroys the only Pareto-efficient equilibrium in non-wealth-constrained economies. Our model enables analysis of various policies concerning financial stability, the need for sophisticated financial institutions, development aid, and the promotion of entrepreneurship.financial market efficiency, adverse selection, financial contracts, creation of firms