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Frank T Lorne - One of the best experts on this subject based on the ideXlab platform.

  • the fourth coase Theorem State planning rules and spontaneity in action
    Planning Theory, 2015
    Co-Authors: Frank T Lorne
    Abstract:

    This article elucidates a novel and powerful Fourth Coase Theorem using Coase’s own reasoning and extending the First Coase Theorem. It holds that State rules, which include, but are not limited to, property rights, can enlarge a market. This Theorem lends support to State planning insofar as it establishes rules that enable and promote market transactions and illuminates the operation of the market’s spontaneity, subject to constraints. Seven conditions that demarcate the State’s role under this Theorem from interventionist planning by edict are specified and illustrated by three well-researched real-life examples, one revealed by Coase and two others involving rights conferred by the State by licensing and zoning for maritime resources and by franchising for ordering land-use transport.

  • the fourth coase Theorem State planning rules and spontaneity in action
    Planning Theory, 2015
    Co-Authors: Lawrence Wc Lai, Frank T Lorne
    Abstract:

    This article elucidates a novel and powerful Fourth Coase Theorem using Coase’s own reasoning and extending the First Coase Theorem. It holds that State rules, which include, but are not limited to...

Jinghai Shao - One of the best experts on this subject based on the ideXlab platform.

  • criteria for transience and recurrence of regime switching diffusion processes
    Electronic Journal of Probability, 2015
    Co-Authors: Jinghai Shao
    Abstract:

    We provide some criteria for recurrence of regime-switching diffusion processes using the theory of M-matrix and the Perron-Frobenius Theorem. State-independent and State-dependent regime-switching diffusion processes in a finite space or in an infinite countable space are all studied in this work. Especially, we put forward a finite partition method to deal with switching processes in an infinite countable space. As an application, we study the recurrence of regime-switching Ornstein-Uhlenbeck process, and provide a necessary and sufficient condition for a kind of nonlinear regime-switching diffusion processes.

  • criteria for transience and recurrence of regime switching diffusion processes
    arXiv: Probability, 2014
    Co-Authors: Jinghai Shao
    Abstract:

    We provide some on-off type criteria for recurrence and transience of regime-switching diffusion processes using the theory of M-matrix and the Perron-Frobenius Theorem. State-independent and State-dependent regime-switching diffusion processes in a finite space and a countable space are both studied. We put forward a finite partition method to deal with switching process in a countable space. As an application, we improve the known criteria for recurrence of linear regime-switching diffusion processes, and provide an on-off type criterion for a kind of nonlinear regime-switching diffusion processes.

Lawrence Wc Lai - One of the best experts on this subject based on the ideXlab platform.

Shao Jinghai - One of the best experts on this subject based on the ideXlab platform.

  • Criteria for transience and recurrence of regime-switching diffusion processes
    2015
    Co-Authors: Shao Jinghai
    Abstract:

    We provide some on-off type criteria for recurrence and transience of regime-switching diffusion processes using the theory of M-matrix and the Perron-Frobenius Theorem. State-independent and State-dependent regime-switching diffusion processes in a finite space and a countable space are both studied. We put forward a finite partition method to deal with switching process in a countable space. As an application, we improve the known criteria for recurrence of linear regime-switching diffusion processes, and provide an on-off type criterion for a kind of nonlinear regime-switching diffusion processes.Comment: 21 pages in Electron. J. Probab. 201

Irinel Caprini - One of the best experts on this subject based on the ideXlab platform.

  • model independent constraint on the pion scalar form factor and light quark masses
    Physical Review D, 2018
    Co-Authors: Irinel Caprini
    Abstract:

    We investigate the pion scalar form factor in the Meiman-Okubo framework, implementing the phase below the inelastic $K\bar K$ threshold, where it is known from the $\pi\pi$ scalar isoscalar phase shift $\delta_0^0$ by Watson Theorem. State-of-the-art knowledge of the perturbative QCD expansion of the scalar correlator and the phase shift $\delta_0^0$ is used as input. No assumptions about the phase above the inelastic threshold or the possible zeros of the form factor in the complex plane are necessary. We obtain a model-independent constraint relating the sum of the light quark masses to the slope and the curvature of the pion scalar form factor at the origin. The recent lattice results for the light quark masses and the pion scalar radius are found to satisfy this constraint. We obtain also a strong correlation between the pion scalar radius and the curvature of the form factor, with rather high values predicted for the curvature.