Basic Statistics of Jevons and Carli Indices under the GBM Price Model

Most countries use either the Jevons or Carli index for the calculation of their Consumer Price Index (CPI) at the lowest (elementary) level of aggregation. The choice of the elementary formula for inflation measurement does matter and the effect of the change of the index formula was estimated by the Bureau of Labor Statistics (2001). It has been shown in the literature that the difference between the Carli index and the Jevons index is bounded from below by the variance of the price relatives. In this article, we extend this result, comparing expected values and variances of these sample indices under the assumption that prices are described by a geometric Brownian motion (GBM). We provide formulas for their biases, variances and mean-squared errors.

Generic derivations on o-minimal structures

Let [Formula: see text] be a complete, model complete o-minimal theory extending the theory [Formula: see text] of real closed ordered fields in some appropriate language [Formula: see text]. We study derivations [Formula: see text] on models [Formula: see text]. We introduce the notion of a [Formula: see text]-derivation: a derivation which is compatible with the [Formula: see text]-definable [Formula: see text]-functions on [Formula: see text]. We show that the theory of [Formula: see text]-models with a [Formula: see text]-derivation has a model completion [Formula: see text]. The derivation in models [Formula: see text] behaves “generically”, it is wildly discontinuous and its kernel is a dense elementary [Formula: see text]-substructure of [Formula: see text]. If [Formula: see text], then [Formula: see text] is the theory of closed ordered differential fields (CODFs) as introduced by Michael Singer. We are able to recover many of the known facts about CODF in our setting. Among other things, we show that [Formula: see text] has [Formula: see text] as its open core, that [Formula: see text] is distal, and that [Formula: see text] eliminates imaginaries. We also show that the theory of [Formula: see text]-models with finitely many commuting [Formula: see text]-derivations has a model completion.

The p-adic Kummer–Leopoldt constant: Normalized p-adic regulator

The [Formula: see text]-adic Kummer–Leopoldt constant [Formula: see text] of a number field [Formula: see text] is (assuming the Leopoldt conjecture) the least integer [Formula: see text] such that for all [Formula: see text], any global unit of [Formula: see text], which is locally a [Formula: see text]th power at the [Formula: see text]-places, is necessarily the [Formula: see text]th power of a global unit of [Formula: see text]. This constant has been computed by Assim and Nguyen Quang Do using Iwasawa’s techniques, after intricate studies and calculations by many authors. We give an elementary [Formula: see text]-adic proof and an improvement of these results, then a class field theory interpretation of [Formula: see text]. We give some applications (including generalizations of Kummer’s lemma on regular [Formula: see text]th cyclotomic fields) and a natural definition of the normalized [Formula: see text]-adic regulator for any [Formula: see text] and any [Formula: see text]. This is done without analytical computations, using only class field theory and especially the properties of the so-called [Formula: see text]-torsion group [Formula: see text] of Abelian [Formula: see text]-ramification theory over [Formula: see text].

Factoring an elementary 2-group into normalized full-rank subsets with equal sizes

By a long standing conjecture of Rédei if an elementary [Formula: see text]-group of rank [Formula: see text] is a direct product of two of its normalized subsets, then at least one of the factors is contained in a subgroup of order [Formula: see text]. Motivated by Rédei’s conjecture we decompose an elementary [Formula: see text]-group into a direct product of more than two factors such that each factor spans the whole group.