CLASSIFICATION OF SUBALGEBRAS OF THE CAYLEY ALGEBRA OVER A FINITE FIELD

We classify all unital subalgebras of the Cayley algebra O(q) over the finite field F(q), q = p(n). We obtain the number of subalgebras of each type and prove that all isomorphic subalgebras are conjugate with respect to the automorphism group of O(q). We also determine the structure of the Moufang loops associated with each subalgebra of O(q).

The Gelfand-Kirillov conjecture and Gelfand-Tsetlin modules for finite W-algebras

We address two problems with the structure and representation theory of finite W-algebras associated with general linear Lie algebras. Finite W-algebras can be defined using either Kostant`s Whittaker modules or a quantum Hamiltonian reduction. Our first main result is a proof of the Gelfand-Kirillov conjecture for the skew fields of fractions of finite W-algebras. The second main result is a parameterization of finite families of irreducible Gelfand-Tsetlin modules using Gelfand-Tsetlin subalgebra. As a corollary, we obtain a complete classification of generic irreducible Gelfand-Tsetlin modules for finite W-algebras. (C) 2009 Elsevier Inc. All rights reserved.

Contravariantly finite subcategories closed under predecessors

Let A be an Artin algebra and mod A be the category of finitely generated right A-modules. We prove that an additive full subcategory C of mod A closed under predecessors is contravariantly finite if and only if its right Ext-orthogonal is covariantly finite, or if and only if the Ext-injectives in C define a cotilting module (over the support algebra of C) or, equivalently, if and only if C is the support of the representable functors given by the Ext-injectives. (C) 2009 Elsevier Inc. All rights reserved.

A finite sample improvement of the fixed effects estimator : applied to technical infficiency

The FE ('fixed effects') estimator of technical inefficiency performs poorly when N ('number of firms') is large and T ('number of time observations') is small. We propose estimators of both the firm effects and the inefficiencies, which have small sample gains compared to the traditional FE estimator. The estimators are based on nonparametric kernel regression of unordered variables, which includes the FE estimator as a special case. In terms of global conditional MSE ('mean square error') criterions, it is proved that there are kernel estimators which are efficient to the FE estimators of firm effects and inefficiencies, in finite samples. Monte Carlo simulations supports our theoretical findings and in an empirical example it is shown how the traditional FE estimator and the proposed kernel FE estimator lead to very different conclusions about inefficiency of Indonesian rice farmers.

Collateral, default penalties and almost finite-time solvency

We argue that it is possible to adapt the approach of imposing restrictions on available plans through finitely effective debt constraints, introduced by Levine and Zame (1996), to encompass models with default and collateral. Along this line, we introduce in the setting of Araujo, Páscoa and Torres-Martínez (2002) and Páscoa and Seghir (2008) the concept of almost finite-time solvency. We show that the conditions imposed in these two papers to rule out Ponzi schemes implicitly restrict actions to be almost finite-time solvent. We define the notion of equilibrium with almost finite-time solvency and look on sufficient conditions for its existence. Assuming a mild assumption on default penalties, namely that agents are myopic with respect to default penalties, we prove that existence is guaranteed (and Ponzi schemes are ruled out) when actions are restricted to be almost finite-time solvent. The proof is very simple and intuitive. In particular, the main existence results in Araujo et al. (2002) and Páscoa and Seghir (2008) are simple corollaries of our existence result.