StudentsEducators

Lorenz Efficiency

Lorenz Efficiency is a measure used to assess the efficiency of income distribution within a given population. It is derived from the Lorenz curve, which graphically represents the distribution of income or wealth among individuals or households. The Lorenz curve plots the cumulative share of the total income received by the bottom x%x \%x% of the population against x%x \%x% of the population itself. A perfectly equal distribution would be represented by a 45-degree line, while the area between the Lorenz curve and this line indicates the degree of inequality.

To quantify Lorenz Efficiency, we can calculate it as follows:

Lorenz Efficiency=AA+B\text{Lorenz Efficiency} = \frac{A}{A + B}Lorenz Efficiency=A+BA​

where AAA is the area between the 45-degree line and the Lorenz curve, and BBB is the area under the Lorenz curve. A Lorenz Efficiency of 1 signifies perfect equality, while a value closer to 0 indicates higher inequality. This metric is particularly useful for policymakers aiming to gauge the impact of economic policies on income distribution and equality.

Other related terms

contact us

Let's get started

Start your personalized study experience with acemate today. Sign up for free and find summaries and mock exams for your university.

logoTurn your courses into an interactive learning experience.
Antong Yin

Antong Yin

Co-Founder & CEO

Jan Tiegges

Jan Tiegges

Co-Founder & CTO

Paul Herman

Paul Herman

Co-Founder & CPO

© 2025 acemate UG (haftungsbeschränkt)  |   Terms and Conditions  |   Privacy Policy  |   Imprint  |   Careers   |  
iconlogo
Log in

Graphene Nanoribbon Transport Properties

Graphene nanoribbons (GNRs) are narrow strips of graphene that exhibit unique electronic properties due to their one-dimensional structure. The transport properties of GNRs are significantly influenced by their width and edge configuration (zigzag or armchair). For instance, zigzag GNRs can exhibit metallic behavior, while armchair GNRs can be either metallic or semiconducting depending on their width.

The transport phenomena in GNRs can be described using the Landauer-Büttiker formalism, where the conductance GGG is related to the transmission probability TTT of carriers through the ribbon:

G=2e2hTG = \frac{2e^2}{h} TG=h2e2​T

where eee is the elementary charge and hhh is Planck's constant. Additionally, factors such as temperature, impurity scattering, and quantum confinement effects play crucial roles in determining the overall conductivity and mobility of charge carriers in these materials. As a result, GNRs are considered promising materials for future nanoelectronics due to their tunable electronic properties and high carrier mobility.

Arrow-Debreu Model

The Arrow-Debreu Model is a fundamental concept in general equilibrium theory that describes how markets can achieve an efficient allocation of resources under certain conditions. Developed by economists Kenneth Arrow and Gérard Debreu in the 1950s, the model operates under the assumption of perfect competition, complete markets, and the absence of externalities. It posits that in a competitive economy, consumers maximize their utility subject to budget constraints, while firms maximize profits by producing goods at minimum cost.

The model demonstrates that under these ideal conditions, there exists a set of prices that equates supply and demand across all markets, leading to an Pareto efficient allocation of resources. Mathematically, this can be represented as finding a price vector ppp such that:

∑ixi=∑jyj\sum_{i} x_{i} = \sum_{j} y_{j}i∑​xi​=j∑​yj​

where xix_ixi​ is the quantity supplied by producers and yjy_jyj​ is the quantity demanded by consumers. The model also emphasizes the importance of state-contingent claims, allowing agents to hedge against uncertainty in future states of the world, which adds depth to the understanding of risk in economic transactions.

Peltier Cooling Effect

The Peltier Cooling Effect is a thermoelectric phenomenon that occurs when an electric current passes through two different conductors or semiconductors, causing a temperature difference. This effect is named after the French physicist Jean Charles Athanase Peltier, who discovered it in 1834. When current flows through a junction of dissimilar materials, one side absorbs heat (cooling it down), while the other side releases heat (heating it up). This can be mathematically expressed by the equation:

Q=Π⋅IQ = \Pi \cdot IQ=Π⋅I

where QQQ is the heat absorbed or released, Π\PiΠ is the Peltier coefficient, and III is the electric current. The effectiveness of this cooling effect makes it useful in applications such as portable refrigerators, electronic cooling systems, and temperature stabilization devices. However, it is important to note that the efficiency of Peltier coolers is typically lower than that of traditional refrigeration systems, primarily due to the heat generated at the junctions during operation.

Maximum Bipartite Matching

Maximum Bipartite Matching is a fundamental problem in graph theory that aims to find the largest possible matching in a bipartite graph. A bipartite graph consists of two distinct sets of vertices, say UUU and VVV, such that every edge connects a vertex in UUU to a vertex in VVV. A matching is a set of edges that does not have any shared vertices, and the goal is to maximize the number of edges in this matching. The maximum matching is the matching that contains the largest number of edges possible.

To solve this problem, algorithms such as the Hopcroft-Karp algorithm can be utilized, which operates in O(EV)O(E \sqrt{V})O(EV​) time complexity, where EEE is the number of edges and VVV is the number of vertices in the graph. Applications of maximum bipartite matching can be seen in various fields such as job assignments, network flows, and resource allocation problems, making it a crucial concept in both theoretical and practical contexts.

Prim’S Mst

Prim's Minimum Spanning Tree (MST) algorithm is a greedy algorithm that finds a minimum spanning tree for a weighted undirected graph. A minimum spanning tree is a subset of the edges that connects all vertices with the minimum possible total edge weight, without forming any cycles. The algorithm starts with a single vertex and gradually expands the tree by adding the smallest edge that connects a vertex in the tree to a vertex outside of it. This process continues until all vertices are included in the tree.

The algorithm can be summarized in the following steps:

  1. Initialize: Start with a vertex and mark it as part of the tree.
  2. Select Edge: Choose the smallest edge that connects the tree to a vertex outside.
  3. Add Vertex: Add the selected edge and the new vertex to the tree.
  4. Repeat: Continue the process until all vertices are included.

Prim's algorithm is efficient, typically running in O(Elog⁡V)O(E \log V)O(ElogV) time when implemented with a priority queue, making it suitable for dense graphs.

Crispr Gene Editing

CRISPR gene editing is a revolutionary technology that allows scientists to modify an organism's DNA with high precision. The acronym CRISPR stands for Clustered Regularly Interspaced Short Palindromic Repeats, which refers to the natural defense mechanism found in bacteria that protects them from viral infections. This system uses an enzyme called Cas9 to act as molecular scissors, cutting the DNA at a specific location. Once the DNA is cut, researchers can add, remove, or alter genetic material, thereby enabling the modification of genes responsible for various traits or diseases. The potential applications of CRISPR include agricultural improvements, medical therapies, and even the potential for eradicating genetic disorders in humans. However, ethical considerations surrounding its use, especially in human embryos, remain a significant topic of discussion.