arXiv research

Dynamic pricing model considers ambiguity in endowment growth rate.

In this paper, we derive a new form of maximum principle for smooth functions on a complete noncompact Riemannian manifold $M$ for which there exists a bounded vector field $X$ such that $\langle\nabla f,X\rangle\geq 0$ on $M$ and $\mathrm{div} X\geq af$ outside a suitable compact subset} of $M$, for some constant $a>0…

The paper calculates the volume growth of hyperbolic surfaces with short geodesics.

In this paper we consider a punctured Riemann surface endowed with a Hermitian metric which equals the Poincaré metric near the punctures and a holomorphic line bundle which polarizes the metric. We show that the Bergman kernel can be localized around the singularities and its local model is the Bergman kernel of the p…

This paper concerns the $L^2$ essential spectrum of the Laplacian $Δ$ and the drift Laplacian $Δ_f$ on complete Riemannian manifolds endowed with a weighted measure $e^{-f}d\;vol_g$. We prove that the essential spectrum of the drift Laplacian $Δ_f$ is $[0,+\infty)$ provided the Bakry-Émery curvature tensor $Ric_f$ is …

We study geometry of complete Riemannian manifolds endowed with a weighted measure, where the weight function is of quadratic growth. Assuming the associated Bakry-Emery curvature is bounded from below, we derive a new Laplacian comparison theorem and establish various sharp volume upper and lower bounds. We also obtai…

In this paper we study the systole function along Weil-Petersson geodesics. We show that the square root of the systole function is uniformly Lipschitz on Teichmüller space endowed with the Weil-Petersson metric. As an application, we study the growth of the Weil-Petersson inradius of moduli space of Riemann surfaces o…

We show a duality which arises from distributions of Cartan type, having growth (2, 3, 5), from the view point of geometric control theory. In fact we consider the space of singular (or abnormal) paths on a given five dimensional space endowed with a Cartan distribution, which form another five dimensional space with a…

The length of shortest non-simple geodesics grows logarithmically with surface genus.

In this paper, we study the dimension of cohomology of semipositive line bundles over Hermitian manifolds, and obtain an asymptotic estimate for the dimension of the space of harmonic $(0,q)$-forms with values in high tensor powers of a semipositive line bundle when the fundamental estimate holds. As applications, we e…

In this paper we establish the existence of periodic orbits belonging to any $σ$-atoroidal free homotopy class for Hamiltonian systems in the twisted disc bundle, provided that the compactly supported time-dependent Hamiltonian function is sufficiently large over the zero section and the magnitude of the weakly exact $…

Proves regularity for quasilinear elliptic equations in metric spaces.

Derives explicit investment strategy with random endowment.

Abstract result on correlations of pairs in exponentially growing discrete subsets.

Study on asset price dynamics in OLG economies with and without a bubbly asset.

In this paper we ask whether, given a stock market and an illiquid derivative, there exists arbitrage-free prices at which an utility-maximizing agent would always want to buy the derivative, irrespectively of his own initial endowment of derivatives and cash. We prove that this is false for any given investor if one c…

Stochastic discount factor (SDF) processes in dynamic economies admit a permanent-transitory decomposition in which the permanent component characterizes pricing over long investment horizons. This paper introduces an empirical framework to analyze the permanent-transitory decomposition of SDF processes. Specifically, …

In this paper, we study the problem of expected utility maximization of an agent who, in addition to an initial capital, receives random endowments at maturity. Contrary to previous studies, we treat as the variables of the optimization problem not only the initial capital but also the number of units of the random end…

Historical economic growth in countries of the former USSR is analysed. It is shown that Unified Growth Theory is contradicted by the data, which were used, but not analysed, during the formulation of this theory. Unified Growth Theory does not explain the mechanism of economic growth. It explains the mechanism of Malt…

The Unified Growth Theory is a puzzling collection of myths based on illusions created by hyperbolic distributions. Some of these myths are discussed. The examination of data shows that the three stages of growth (Malthusian Regime, Post-Malthusian Regime and Modern Growth Regime) did not exist and that Industrial Revo…

Historical economic growth in Asia (excluding Japan) is analysed. It is shown that Unified Growth Theory is contradicted by the data, which were used (but not analysed) during the formulation of this theory. Unified Growth Theory does not explain the mechanism of economic growth. It explains the mechanism of Malthusian…

Study confined subgroups in groups with contracting elements, showing their growth rate is strictly greater than half of the ambient growth rate.

Growth rate of the world Growth Domestic Product (GDP) is analysed to determine possible pathways of the future economic growth. The analysis is based on using the latest data of the World Bank and it reveals that the growth rate between 1960 and 2014 was following a trajectory approaching asymptotically a constant val…

Historical economic growth in Latin America is analysed using the data of Maddison. Unified Growth Theory is found to be contradicted by these data in the same way as it is contradicted by the economic growth in Africa, Asia, former USSR, Western Europe, Eastern Europe and by the world economic growth. Paradoxically, U…

New method for dynamic valuation in markets with random endowments.

Growth rates of geodesics on modular orbifolds are studied.

We prove that the group D^r(R) of C^r diffeomorphisms of the real line, endowed with the compact-open and Whitney C^r topologies, is bihomeomorphic to the group H(R) of homeomorphisms of the real line endowed with the compact-open and Whitney topologies. This implies that the diffeomorphism group D^r(R) endowed with th…

Data describing historical economic growth are analysed. Included in the analysis is the world and regional economic growth. The analysis demonstrates that historical economic growth had a natural tendency to follow hyperbolic distributions. Parameters describing hyperbolic distributions have been determined. A search …

The study provides volume growth estimates for specific types of manifolds.

Study growth rates of subgroups in groups with a constricting element.

We present a quantitative characterisation of the fluctuations of the annualized growth rate of the real US GDP per capita growth at many scales, using a wavelet transform analysis of two data sets, quarterly data from 1947 to 2015 and annual data from 1800 to 2010. Our main finding is that the distribution of GDP grow…

In this paper, we introduce canonical principal direction (CPD) submanifolds with higher codimension in Euclidean spaces. We obtain the complete classification of surfaces endowed with CPD in the Euclidean 4-space.

Paper reviews and proves volume growth estimates for different types of gradient Ricci solitons.

Study groups with polynomial growth, finding structure and applications.

In many European countries the growth of the real GDP per capita has been linear since 1950. An explanation for this linearity is still missing. We propose that in artificial intelligence we may find models for a linear growth of performance. We also discuss possible consequences of the fact that in systems with linear…

Introduced by Gromov in the nineties, the systolic growth of a Lie group gives the smallest possible covolume of a lattice with a given systole. In a simply connected nilpotent Lie group, this function has polynomial growth, but can grow faster than the volume growth. We express this systolic growth function in terms o…

New proof shows not all Salem numbers are growth rates of Coxeter groups.

The purpose of this study is to measure the Total Factor Productivity (TFP) growth and determine the share of each of the economic growth sources in the mining sector of Iran. The time period of this study is 1355-1385 of the Solar Hijri calendar (roughly overlaying with the time period of 1976-2006 of the Gregorian ca…

We study ancient solutions of polynomial growth to heat equations on graphs, and extend Colding and Minicozzi's theorem [CM19] on manifolds to graphs: For a graph of polynomial volume growth, the dimension of the space of ancient solutions of polynomial growth is bounded by the product of the growth degree and the dime…

One of the fundamental postulates of the Unified Growth Theory is the claimed existence of three distinctly different regimes of economic growth governed by three distinctly different mechanisms of growth. However, Galor also proposed that the timing of these regimes is different for developed countries and for less-de…

The so-called great divergence in the income per capita is described in the Unified Growth Theory as the mind-boggling and unresolved mystery about the growth process. This mystery has now been solved: the great divergence never happened. It was created by the manipulation of data. Economic growth in various regions is…

Study homology growth in nonpositive curvature spaces, finding examples of torsion.

Study on Monge-Ampère equations with polynomial growth rates.

Paper proves volume growth estimate for steady gradient Ricci solitons.

For any manifold with polynomial volume growth, we show: The dimension of the space of ancient caloric functions with polynomial growth is bounded by the degree of growth times the dimension of harmonic functions with the same growth. As a consequence, we get a sharp bound for the dimension of ancient caloric functions…

Estimates growth loss in fund models and proposes a shrinkage method.

Two rigidity theorems for manifolds with nonnegative Ricci curvature and specific volume growth.

Galor discovered many mysteries of the growth process. He lists them in his Unified Growth Theory and wonders how they can be explained. Close inspection of his mysteries reveals that they are of his own creation. They do not exist. He created them by his habitually distorted presentation of data. One of his self-creat…