Related papers: Re-visiting the Distance Coefficient in Gravity Mo…
This is one of a number of papers in which the metric for space-time is defined on the subatomic level by means of the interchange of photons, and constrained to be consistent with radar. It is shown that the discrete nature of particle…
Given two distributions $P$ and $S$ of equal total mass, the Earth Mover's Distance measures the cost of transforming one distribution into the other, where the cost of moving a unit of mass is equal to the distance over which it is moved.…
International trade has been increasingly organized in the form of global value chains (GVCs) where different stages of production are located in different countries. This recent phenomenon has substantial consequences for both trade policy…
We describe an algorithm for computing counterfactual trade flows, prices, output, and welfare in a large class of general equilibrium trade models. We introduce a command called ge_gravity2 that allows users to perform these computations…
In this paper we provide a comprehensive analysis of a structural model for the dynamics of prices of assets traded in a market originally proposed in [1]. The model takes the form of an interacting generalization of the geometric Brownian…
This paper presents a new method to assess default risk based on applying the CEV process to the KMV model. We find that the volatility of the firm asset value may not be a constant, so we assume the firm's asset value dynamics are given by…
In 1687, Isaac Newton published the universal law of gravitation stating that two bodies attract each other with a force proportional to the product of their masses and the inverse square of the distance. The constant of proportionality, G,…
We present a bi-metric theory of gravity containing a length scale of galactic size. For distances less than this scale the theory satisfies the standard tests of General Relativity. For distances greater than this scale the theory yields…
(To appear in The American Statistician.) Distance covariance (Sz\'ekely, Rizzo, and Bakirov, 2007) is a fascinating recent notion, which is popular as a test for dependence of any type between random variables $X$ and $Y$. This approach…
In this work, we point out an overlooked and subtle feature of the generalized uncertainty principle (GUP) approach to quantizing gravity: namely that different pairs of modified operators with the same modified commutator,…
We study the community structure of the multi-network of commodity-specific trade relations among world countries over the 1992-2003 period. We compare structures across commodities and time by means of the normalized mutual information…
Gromov-Wasserstein distance has found many applications in machine learning due to its ability to compare measures across metric spaces and its invariance to isometric transformations. However, in certain applications, this invariance…
Researches on the human mobility have made great progress in many aspects, but the long-term and long-distance migration behavior is lack of in-depth and extensive research because of the difficult in accessing to household data. In this…
We consider a model-independent pricing problem in a fixed-income market and show that it leads to a weak optimal transport problem as introduced by Gozlan et al. We use this to characterize the extremal models for the pricing of caplets on…
The International Trade Network (ITN) is the network formed by trade relationships between world countries. The complex structure of the ITN impacts important economic processes such as globalization, competitiveness, and the propagation of…
It is shown by the author that if gravitons are super-strong interacting particles and the low-temperature graviton background exists, the basic cosmological conjecture about the Dopplerian nature of redshifts may be false. In this case, a…
By applying a particular kind of modified gravity, we study the inflation. Precisely, we extend our investigations beyond the Einstein's gravity to explore the Natural inflation model via the term $F(\phi)T$. We compute the inflation…
We live at a time of contradictory messages about how successfully we understand gravity. General Relativity seems to work very well in the Earth's immediate neighborhood, but arguments abound that it needs modification at very small and/or…
Financial global crisis has devastating impacts to economies since early XX century and continues to impose increasing collateral damages for governments, enterprises, and society in general. Up to now, all efforts to obtain efficient…
The $f(T)$ gravity is one of the extensions of teleparallel equivalent of general relativity, in which more general functions of the torsion scalar $T$ can be described. With the proposed functional form of $f(T) = \alpha T - \beta u^{-n} +…