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This paper explores the role of information transmission and misaligned interests across levels of governments in explaining variation in the degree of decentralization across countries. We analyze two alternative policy-decision schemes—‘decentralization’ and ‘centralization’— within a two-sided incomplete information principal-agent framework. The quality of communication depends on the conflict of interests between the government levels and on which government level controls the degree of decentralization. We show that the extent of misaligned interests and the relative importance of local and central government knowledge affect the optimal choice of policydecision schemes. Our empirical analysis confirms that countries’ choices depend on the relative importance of their private information. Importantly, results differ significantly between unitary and federal countries, in line with our theory

We analyze the Paris art market between the government-controlled Salon as a centralized organization of art exhibition and the system liberalized by the Republican government based on competition between independent exhibitions. The jury of the old Salon decided on submissions with a bias toward conservative art of the academic insiders, reducing demand for the outsiders, as confirmed by the impact on prices of the acceptance of Impressionists. With a difference-in difference estimation we provide evidence that the end of the government-controlled Salon in 1880 started the increase of the prices of the Impressionists relative to the insiders.

We present our statistical study of near infrared (NIR) variability of X-ray selected Active Galactic Nuclei (AGN) in the COSMOS field, using UltraVISTA data. This is the largest sample of AGN light curves in YJHKs bands, making possible to have a global description of the nature of AGN for a large range of redshifts, and for different levels of obscuration. To characterize the variability properties of the sources we computed the Structure Function. Our results show that there is an anti-correlation between the Structure Function $A$ parameter (variability amplitude) and the wavelength of emission, and a weak anti-correlation between $A$ and the bolometric luminosity. We find that Broad Line (BL) AGN have a considerably larger fraction of variable sources than Narrow Line (NL) AGN, and that they have different distributions of the $A$ parameter. We find evidence that suggests that most of the low luminosity variable NL sources correspond to BL AGN, where the host galaxy could be damping the variability signal. For high luminosity variable NL, we propose that they can be examples of "True type II" AGN or BL AGN with limited spectral coverage which results in missing the Broad Line emission. We also find that the fraction of variable sources classified as unobscured in the X-ray is smaller than the fraction of variable sources unobscured in the optical range. We present evidence that this is related to the differences in the origin of the obscuration in the optical and X-ray regimes., Comment: 21 pages, 17 figures, accepted for publication in ApJ

We present a study of the average X-ray spectral properties of the sources detected by the NuSTAR extragalactic survey, comprising observations of the E-CDFS, EGS and COSMOS fields. The sample includes 182 NuSTAR sources (64 detected at 8-24 keV), with 3-24 keV fluxes ranging between $f_{\rm 3-24 keV}\approx10^{-14}$ and $6\times10^{-13}$ erg/cm$^2$/s ($f_{\rm 8-24 keV}\approx3\times10^{-14}-3\times10^{-13}$ erg/cm$^2$/s) and redshifts of $z=0.04-3.21$. We produce composite spectra from the Chandra+NuSTAR data ($E\approx2-40$ keV, rest frame) for all the sources with redshift identifications (95%) and investigate the intrinsic, average spectra of the sources, divided into broad-line (BL) and narrow-line (NL) AGN, and also in different bins of X-ray column density and luminosity. The average power-law photon index for the whole sample is $\Gamma=1.65_{-0.03}^{+0.03}$, flatter than $\Gamma\approx1.8$ typically found for AGN. While the spectral slope of BL and X-ray unabsorbed AGN is consistent with typical values ($\Gamma=1.79_{-0.01}^{+0.01}$), a significant flattening is seen in NL AGN and heavily-absorbed sources ($\Gamma=1.60_{-0.05}^{+0.08}$ and $\Gamma=1.38_{-0.12}^{+0.12}$, respectively), likely due to the effect of absorption and to the contribution from Compton reflection to the high-energy flux (E>10 keV). We find that the typical reflection fraction in our spectra is $R\approx0.5$ (for $\Gamma=1.8$), with a tentative indication of an increase of the reflection strength with column density. While there is no significant evidence for a dependence of the photon index with X-ray luminosity in our sample, we find that $R$ decreases with luminosity, with relatively high levels of reflection ($R\approx1.2$) for $L_{\rm 10-40 keV}<10^{44}$ erg/s and $R\approx0.3$ for $L_{\rm 10-40 keV}>10^{44}$ erg/s AGN, assuming $\Gamma=1.8$., Comment: 19 pages, 14 figures, 4 tables. Accepted for publication in ApJ

Based on a sample of over 1,800 radio AGN at redshifts out to z~5, which have typical stellar masses within ~3x(10^{10}-10^{11}) Msol, and 3 GHz radio data in the COSMOS field, we derived the 1.4 GHz radio luminosity functions for radio AGN (L_1.4GHz ~ 10^{22}-10^{27} W/Hz) out to z~5. We constrained the evolution of this population via continuous models of pure density and pure luminosity evolutions, and we found best-fit parametrizations of Phi*~(1+z)^{(2.00+/-0.18)-(0.60+/-0.14)z}, and L*~(1+z)^{(2.88+/-0.82)-(0.84+/-0.34)z}, respectively, with a turnover in number and luminosity densities of the population at z~1.5. We converted 1.4 GHz luminosity to kinetic luminosity taking uncertainties of the scaling relation used into account. We thereby derived the cosmic evolution of the kinetic luminosity density provided by the AGN and compared this luminosity density to the radio-mode AGN feedback assumed in the Semi-Analytic Galaxy Evolution (SAGE) model, i.e., to the redshift evolution of the central supermassive black hole accretion luminosity taken in the model as the source of heating that offsets the energy losses of the cooling, hot halo gas, and thereby limits further stellar mass growth of massive galaxies. We find that the kinetic luminosity exerted by our radio AGN may be high enough to balance the radiative cooling of the hot gas at each cosmic epoch since z~5. However, although our findings support the idea of radio-mode AGN feedback as a cosmologically relevant process in massive galaxy formation, many simplifications in both the observational and semi-analytic approaches still remain and need to be resolved before robust conclusions can be reached., Comment: 13 pages, 9 figures, 2 tables, to appear in A&A

We identify sources with extremely hard X-ray spectra (i.e., with photon indices of Gamma<0.6 in the 13 sq. deg. NuSTAR serendipitous survey, to search for the most highly obscured AGNs detected at >10 keV. Eight extreme NuSTAR sources are identified, and we use the NuSTAR data in combination with lower energy X-ray observations (from Chandra, Swift XRT, and XMM-Newton) to characterize the broad-band (0.5-24 keV) X-ray spectra. We find that all of the extreme sources are highly obscured AGNs, including three robust Compton-thick (CT; N_H > 1.5e24 cm^-2) AGNs at low redshift (z<0.1), and a likely-CT AGN at higher redshift (z=0.16). Most of the extreme sources would not have been identified as highly obscured based on the low energy (<10 keV) X-ray coverage alone. The multiwavelength properties (e.g., optical spectra and X-ray/MIR luminosity ratios) provide further support for the eight sources being significantly obscured. Correcting for absorption, the intrinsic rest-frame 10-40 keV luminosities of the extreme sources cover a broad range, from ~ 5 x 10^42 to 10^45 erg s^-1. The estimated number counts of CT AGNs in the NuSTAR serendipitous survey are in broad agreement with model expectations based on previous X-ray surveys, except for the lowest redshifts (z<0.07) where we measure a high CT fraction of f_CT^obs = 30 (+16 -12) %. For the small sample of CT AGNs, we find a high fraction of galaxy major mergers (50 +/- 33%) compared to control samples of "normal" AGNs., Comment: 19 pages, 15 figures, 5 tables; Accepted for publication in ApJ; Author list updated

To fully understand cosmic black hole growth we need to constrain the population of heavily obscured active galactic nuclei (AGN) at the peak of cosmic black hole growth ($z\sim$1-3). Sources with obscuring column densities higher than $\mathrm{10^{24}}$ atoms $\mathrm{cm^{-2}}$, called Compton-thick (CT) AGN, can be identified by excess X-ray emission at $\sim$20-30 keV, called the "Compton hump". We apply the recently developed Spectral Curvature (SC) method to high-redshift AGN (25\times 10^{43}}$ erg $\mathrm{s^{-1}}$. In the Cosmological evolution survey (COSMOS), we find an observed CT fraction of $\mathrm{15^{+4}_{-3}\%}$ (40/272) or $\mathrm{32\pm11 \%}$ when corrected for the survey sensitivity. When comparing to low redshift AGN with similar X-ray luminosities, our results imply the CT AGN fraction is consistent with having no redshift evolution. Finally, we provide SC equations that can be used to find high-redshift CT AGN (z>1) for current (XMM-Newton) and future (eROSITA and ATHENA) X-ray missions., Comment: 10 pages, 8 figures

We make use of the deep Karl G. Jansky Very Large Array (VLA) COSMOS radio observations at 3 GHz to infer radio luminosity functions of star-forming galaxies up to redshifts of z~5 based on approximately 6000 detections with reliable optical counterparts. This is currently the largest radio-selected sample available out to z~5 across an area of 2 square degrees with a sensitivity of rms=2.3 ujy/beam. By fixing the faint and bright end shape of the radio luminosity function to the local values, we find a strong redshift trend that can be fitted with a pure luminosity evolution L~(1+z)^{(3.16 +- 0.2)-(0.32 +- 0.07) z}. We estimate star formation rates (SFRs) from our radio luminosities using an infrared (IR)-radio correlation that is redshift dependent. By integrating the parametric fits of the evolved luminosity function we calculate the cosmic SFR density (SFRD) history since z~5. Our data suggest that the SFRD history peaks between 21000 Msol/yr) contribute an additional <2% in the entire observed redshift range. We find evidence of a potential underestimation of SFRD based on ultraviolet (UV) rest-frame observations of Lyman break galaxies (LBGs) at high redshifts (z>4) on the order of 15-20%, owing to appreciable star formation in highly dust-obscured galaxies, which might remain undetected in such UV observations., Comment: 18 pages, 8 figures, 2 tables, accepted for publication in A&A

(abridged) We study the composition of the faint radio population selected from the VLA-COSMOS 3GHz Large Project. The survey covers a 2.6sq.deg. area with a mean rms of ~2.3uJy/b, cataloging 10830 sources (>5sigma). Combining these radio data with optical, near-infrared (UltraVISTA), mid-infrared (Spitzer/IRAC) data, and X-ray data (Chandra), we find counterparts to radio sources for ~93% of the radio sample (in the areas of the COSMOS field not affected by saturated or bright sources in the optical to NIR bands), reaching out to z<6. We further classify the sources as star forming galaxies or AGN based on various criteria, such as X-ray luminosity, observed MIR color, UV-FIR spectral-energy distribution, rest-frame NUV-optical color corrected for dust extinction, and radio-excess relative to that expected from the hosts' star-formation rate. We separate the AGN into sub-samples dominated by low-to-moderate and moderate-to-high radiative luminosity AGN, candidates for high-redshift analogues to local low- and high-excitation emission line AGN, respectively. We study the fractional contributions of these sub-populations down to radio flux levels of ~11uJy at 3GHz (or ~20uJy at 1.4GHz assuming a spectral index of -0.7). We find that the dominant fraction at 1.4GHz flux densities above ~200uJy is constituted of low-to-moderate radiative luminosity AGN. Below densities of ~100uJy the fraction of star-forming galaxies increases to ~60%, followed by the moderate-to-high radiative luminosity AGN (~20%), and low-to-moderate radiative luminosity AGN (~20%). Based on this observational evidence, we extrapolate the fractions down to sensitivities of the SKA. Our estimates suggest that at the faint flux limits to be reached by the SKA1 surveys, a selection based only on radio flux limits can provide a simple tool to efficiently identify samples highly (>75%) dominated by star-forming galaxies., Comment: 21 pages, 22 figures, accepted for publication in A&A

We examine the behaviour of the infrared-radio correlation (IRRC) over the range $0

We explore the multiwavelength properties of AGN host galaxies for different classes of radio-selected AGN out to z$\lesssim$6 via a multiwavelength analysis of about 7700 radio sources in the COSMOS field. The sources were selected with the Very Large Array (VLA) at 3 GHz (10 cm) within the VLA-COSMOS 3 GHz Large Project, and cross-matched with multiwavelength ancillary data. This is the largest sample of high-redshift (z$\lesssim$6) radio sources with exquisite photometric coverage and redshift measurements available. We constructed a sample of moderate-to-high radiative luminosity AGN (HLAGN) via spectral energy distribution (SED) decomposition combined with standard X-ray and mid-infrared diagnostics. Within the remainder of the sample we further identified low-to-moderate radiative luminosity AGN (MLAGN) via excess in radio emission relative to the star formation rates in their host galaxies. We show that AGN power in HLAGN occurs predominantly in radiative form, while MLAGN display a substantial mechanical AGN luminosity component. We found significant differences in the host properties of the two AGN classes, as a function of redshift. At z$<$1.5, MLAGN appear to reside in significantly more massive and less star-forming galaxies compared to HLAGN. At z$>$1.5, we observed a reversal in the behaviour of the stellar mass distributions with the HLAGN populating the higher stellar mass tail. We interpret this finding as a possible hint of the downsizing of galaxies hosting HLAGN, with the most massive galaxies triggering AGN activity earlier than less massive galaxies, and then fading to MLAGN at lower redshifts. Our conclusion is that HLAGN and MLAGN samples trace two distinct galaxy and AGN populations in a wide range of redshifts, possibly resembling the radio AGN types often referred to as radiative- and jet-mode (or high- and low-excitation), respectively., Comment: 23 pages, 11 figures, 5 tables (2 Appendices). Accepted for publication in A&A. The catalogue described in Section 5 is available at http://jvla-cosmos.phy.hr/dr1

The coeval AGN and galaxy evolution and the observed local relations between SMBHs and galaxy properties suggest some connection or feedback between SMBH growth and galaxy build-up. We looked for correlations between properties of X-ray detected AGN and their FIR detected host galaxies, to find quantitative evidences for this connection, highly debated in the latest years. We exploit the rich multi-wavelength data set available in the COSMOS field for a large sample (692 sources) of AGN and their hosts, in the redshift range $0.1

We present the first full catalog and science results for the Nuclear Spectroscopic Telescope Array (NuSTAR) serendipitous survey. The catalog incorporates data taken during the first 40 months of NuSTAR operation, which provide ≈20 Ms of effective exposure time over 331 fields, with an areal coverage of 13 deg2, and 497 sources detected in total over the 3–24 keV energy range. There are 276 sources with spectroscopic redshifts and classifications, largely resulting from our extensive campaign of ground-based spectroscopic follow-up. We characterize the overall sample in terms of the X-ray, optical, and infrared source properties. The sample is primarily composed of active galactic nuclei (AGNs), detected over a large range in redshift from z = 0.002 to 3.4 (median of ), but also includes 16 spectroscopically confirmed Galactic sources. There is a large range in X-ray flux, from to −11, and in rest-frame 10–40 keV luminosity, from to 46, with a median of 44.1. Approximately 79% of the NuSTAR sources have lower-energy (<10 keV) X-ray counterparts from XMM-Newton, Chandra, and Swift XRT. The mid-infrared (MIR) analysis, using WISE all-sky survey data, shows that MIR AGN color selections miss a large fraction of the NuSTAR-selected AGN population, from ≈15% at the highest luminosities ( erg s−1) to ≈80% at the lowest luminosities ( erg s−1). Our optical spectroscopic analysis finds that the observed fraction of optically obscured AGNs (i.e., the type 2 fraction) is , for a well-defined subset of the 8–24 keV selected sample. This is higher, albeit at a low significance level, than the type 2 fraction measured for redshift- and luminosity-matched AGNs selected by <10 keV X-ray missions.

We examine the behaviour of the infrared-radio correlation (IRRC) over the range 0