On convex risk measures on <Emphasis Type="Italic">L</Emphasis><Superscript><Emphasis Type="Italic">p</Emphasis></Superscript>-spaces

Much of the recent literature on risk measures is concerned with essentially bounded risks in L ^∞. In this paper we investigate in detail continuity and representation properties of convex risk measures on L ^p spaces. This frame for risks is natural from the point of view of applications since risks are typically modelled by unbounded random variables. The various continuity properties of risk measures can be interpreted as robustness properties and are useful tools for approximations. As particular examples of risk measures on L ^p we discuss the expected shortfall and the shortfall risk. In the final part of the paper we consider the optimal risk allocation problem for L ^p risks.     

A fixed point theorem for <Emphasis Type="Italic">L</Emphasis><Superscript>1</Superscript> spaces

We prove a fixed point theorem for a family of Banach spaces including notably L ¹ and its non-commutative analogues. Several applications are given, e.g. the optimal solution to the “derivation problem” studied since the 1960s.     

Summability Kernels for <Emphasis Type="Italic">L</Emphasis><Superscript><Emphasis Type="Italic">p</Emphasis></Superscript> Multipliers

In this article we study the problem of extending Fourier Multipliers on L ^p (T) to those on L ^p (R) by taking convolution with a kernel, called a summability kernel. We characterize the space of such kernels for the cases p = 1 and p = 2. For other values of p we give a necessary condition for a function to be a summability kernel. For the case p = 1, we present properties of measures which are transferred from M(T) to M(R) by summability kernels. Furthermore it is shown that every l _p sequence can be extended to some L ^q (R) multipliers for certain values of p and q.     

Optimal Domains and Integral Representations of Convolution Operators in <Emphasis Type="Italic">L</Emphasis><Superscript><Emphasis Type="Italic">p</Emphasis></Superscript>(<Emphasis Type="Italic">G</Emphasis>)

Given , a compact abelian group G and a function , we identify the maximal (i.e. optimal) domain of the convolution operator (as an operator from L^p(G) to itself). This is the largest Banach function space (with order continuous norm) into which L^p(G) is embedded and to which has a continuous extension, still with values in L^p(G). Of course, the optimal domain depends on p and g. Whereas is compact, this is not always so for the extension of to its optimal domain. Several characterizations of precisely when this is the case are presented.     

<Emphasis Type="Italic">L</Emphasis><Superscript>2</Superscript>-invariants of Riemannian foliations

For a Riemannian foliation on a closed manifold M, we define L ²-spectral sequence Betti numbers and spectral sequence Novikov–Shubin invariants. The spectral sequence of the lift of to the universal covering of M is used in the definitions. These invariants are natural extensions of the L ²-Betti numbers and the Novikov–Shubin invariants of differentiable manifolds. It is shown that these numbers are invariant by foliated homotopy equivalences, and they are computed for several examples.      

Continuation of <Emphasis Type="Italic">L</Emphasis><Superscript>2</Superscript>-holomorphic functions

Let be a bounded domain in Cⁿ and let L²_h() be the L²-holomorphic functions on . We show that the envelope of holomorphy and the L²_h()-envelope of holomorphy of differ by at most a pluripolar set.Mathematics Subject Classification (2000): 32D10, 32A36, 32U30This article is based on work the author did during his Ph.D. studies at the University of Michigan under the supervision of John Erik Fornæss.     

Cyclic Functions in <Emphasis Type="Italic">L</Emphasis><Superscript><Emphasis Type="Italic">p</Emphasis></Superscript>(<Emphasis Type="Bold">R</Emphasis>), 1 \le <Emphasis Type="Italic">p</Emphasis> < \infty

Functions whose translates span L ^p (R) are called L ^p-cyclic functions. For a fixed p \memb [1, \infty], we construct Schwartz-class functions which are L ^r -cyclic for r > p and not L ^r - cyclic for r \le p. We then construct Schwartz-class functions which are L ^r -cyclic for r \ge p and not L ^r -cyclic for r < p. The constructions differ for p \memb (1, 2) and p > 2.     

<Emphasis Type="Italic">L</Emphasis><Superscript>2</Superscript> error estimate of the finite volume element methods on quadrilateral meshes

In this paper the optimal L ² error estimates of the finite volume element methods (FVEM) for Poisson equation are discussed on quadrilateral meshes. The trial function space is taken as isoparametric bilinear finite element space on quadrilateral partition, and the test function space is defined as piecewise constant space on dual partition. Under the assumption that all elements on quadrilateral meshes are O(h ²) quasi-parallel quadrilateral elements, we prove convergence rate to be O(h ²) in L ² norm.     

Eigensystem of an <Emphasis Type="Italic">L</Emphasis><Superscript>2</Superscript>-perturbed harmonic oscillator is an unconditional basis

For any complex valued L ^p -function b(x), 2 ≤ p < ∞, or L ^∞-function with the norm ‖b↾L ^∞‖ < 1, the spectrum of a perturbed harmonic oscillator operator L = −d ²/dx ² + x ² + b(x) in L ²(ℝ¹) is discrete and eventually simple. Its SEAF (system of eigen- and associated functions) is an unconditional basis in L ²(ℝ).     

Economic design of an adaptive <Emphasis Type="Italic">T</Emphasis><Superscript>2</Superscript> control chart

Varying three parameters of the Hotelling's T² control chart, namely, the sample size, the sampling interval length, and the action limit, results in a great improvement over the traditional T² control chart particularly for the small process shift. This paper presents the economic model for designing the variable parameters T² chart. In the economic design, a cost function is constructed, involving the cost of sampling and testing, the cost of false alarm, the cost to detect and remove the assignable cause, and the cost when the process is operating out-of-control. Also, a heuristic method of finding optimal values of adaptive design parameters for minimizing the cost function is presented. Variable and fixed parameters T² control charts are compared with respect to the expected loss per unit time. Furthermore, the effects of the initial sample number (used for estimating the parameters of F-distribution) upon the operating cost and adaptive design parameters are examined.     

Optimal <Emphasis Type="Italic">W</Emphasis><Superscript>1,<Emphasis Type="Italic">p</Emphasis></Superscript> regularity theory for parabolic equations in divergence form

This work treats L^p regularity theory for weak solutions of parabolic equations in divergence form with discontinuous coefficients on nonsmooth domains. We essentially obtain an optimal condition on the coefficients under which the global W^1,p regularity theory holds. This work was supported by SNU foundation in 2005.     

The Riemannian <Emphasis Type="Italic">L</Emphasis><Superscript>2</Superscript> topology on the manifold of Riemannian metrics

We study the manifold of all Riemannian metrics over a closed, finite-dimensional manifold. In particular, we investigate the topology on the manifold of metrics induced by the distance function of the L ² Riemannian metric—so-called because it induces an L ² topology on each tangent space. It turns out that this topology on the tangent spaces gives rise to an L ¹-type topology on the manifold of metrics itself. We study this new topology and its completion, which agrees homeomorphically with the completion of the L ² metric. We also give a user-friendly criterion for convergence (with respect to the L ² metric) in the manifold of metrics.     

On the <Emphasis Type="Italic">L</Emphasis><Superscript><Emphasis Type="Italic">p</Emphasis></Superscript> norm of spectral clusters for compact manifolds with boundary

We use microlocal and paradifferential techniques to obtain L ⁸ norm bounds for spectral clusters associated with elliptic second-order operators on two-dimensional manifolds with boundary. The result leads to optimal L ^q bounds, in the range 2⩽q⩽∞, for L ² - normalized spectral clusters on bounded domains in the plane and, more generally, for two-dimensional compact manifolds with boundary. We also establish new sharp L ^q estimates in higher dimensions for a range of exponents q̅_n⩽q⩽∞. The authors were supported by the National Science Foundation, Grants DMS-0140499, DMS-0099642, and DMS-0354668.     

<Emphasis Type="Italic">L</Emphasis><Superscript>2</Superscript>-rigidity in von Neumann algebras

We introduce the notion of L ²-rigidity for von Neumann algebras, a generalization of property (T) which can be viewed as an analogue for the vanishing of 1-cohomology into the left regular representation of a group. We show that L ²-rigidity passes to normalizers and is satisfied by nonamenable II₁ factors which are non-prime, have property Γ, or are weakly rigid. As a consequence we obtain that if M is a free product of diffuse von Neumann algebras, or if M=LΓ where Γ is a finitely generated group with β₁ ⁽²⁾(Γ)>0, then any nonamenable regular subfactor of M is prime and does not have properties Γ or (T). In particular this gives a new approach for showing solidity for a free group factor thus recovering a well known recent result of N. Ozawa.     

Integrability and <Emphasis Type="Italic">L</Emphasis><Superscript>1</Superscript>-convergence of double cosine trigonometric series

We study here L1-convergence of new modified double cosine trigonometric sum and obtain a new necessary and sufficient condition for L1-convergence of double cosine trigonometric series.Also,the results obtained by Moricz[1],[2] are particular cases of ours.     

Universally <Emphasis Type="Italic">L</Emphasis><Superscript>1</Superscript>-bad arithmetic sequences

We present a modified version of Buczolich and Mauldin’s proof that the sequence of square numbers is universally L ¹-bad. We extend this result to a large class of sequences, including the dth powers and the set of primes. Furthermore, we show that any subsequence of the averages taken along these sequences is also universally L ¹-bad.     

Empirical multifractal moment measures of self-similar measure for <Emphasis Type="Italic">q</Emphasis> < 0<Superscript>*</Superscript>

For q ≥ 0, Olsen [1] has attained the exact rate of convergence of the L ^q -spectrum of a self-similar measure and showed that the so-called empirical multifractal moment measures converges weakly to the normalized multifractal measures. Unfortunately, nothing is known for q < 0. Indeed, the problem of analysing the L ^q - spectrum for q < 0 is generally considered significantly more difficult since the L ^q -spectrum is extremely sensitive to small variations of μ for q < 0. In [2] we showed that self-similar measures satisfying the Open Set Condition (OSC) are Ahlfors regular and, using this fact, we obtained the exact rate of convergence of the L ^q -spectrum of a self-similar measure satisfying the OSC for q < 0. In this paper, we apply the results from [2] to show the empirical multifractal q’th moment measures of self-similar measures satisfying the OSC converges weakly to the normalized multifractal Hausdorff measures for q < 0. Authors’ addresses: Jiaqing Xiao, School of Science, Wuhan University of Technology, Wuhan 430070, China; Wu Min, School of Mathematical Sciences, South China University of Technology, Guangzhou, 510640, China     

Rearrangement Invariant Continuous Linear Functionals on Weak <Emphasis Type="Italic">L</Emphasis><Superscript>1</Superscript>

We show that in the dual of Weak L¹ the subspace of all rearrangement invariant continuous linear functionals is lattice isometric to a space L¹(μ) and is the linear hull of the maximal elements of the dual unit ball. We also show that the dual of Weak L¹ contains a norm closed weak* dense ideal which is lattice isometric to an ℓ¹-sum of spaces of type C(K). Helmut H. Schaefer in memoriam     

Diffeomorphisms with <Emphasis Type="Italic">L</Emphasis><Superscript><Emphasis Type="Italic">p</Emphasis></Superscript>-shadowing property

We give a characterization of structurally stable diffeomorphisms by making use of the notion of L ^p -shadowing property. More precisely, we prove that the set of structurally stable diffeomorphisms coincides with the C ¹-interior of the set of diffeomorphisms having L ^p -shadowing property.     

Special orthogonal splittings of<Emphasis Type="Italic">L</Emphasis><Stack><Subscript>1</Subscript><Superscript>2<Emphasis Type="Italic">k</Emphasis></Superscript></Stack>

We show that for each positive integerk there is ak×k matrixB with ±1 entries such that puttingE to be the span of the rows of thek×2k matrix [√kI _k,B], thenE,E ^⊥ is a Kashin splitting: TheL ₁ ^2k and theL ₂ ^2k are universally equivalent on bothE andE ^⊥. Moreover, the probability that a random ±1 matrix satisfies the above is exponentially close to 1. Supported by the Israel Science Foundation.