Citation: Lennart Ante. Bitcoin transactions, information asymmetry and trading volume[J]. Quantitative Finance and Economics, 2020, 4(3): 365-381. doi: 10.3934/QFE.2020017
[1] | Mehmet F. Dicle . US Implied Volatility as A predictor of International Returns. Quantitative Finance and Economics, 2017, 1(4): 388-402. doi: 10.3934/QFE.2017.4.388 |
[2] | Jie Xiong, Geng Deng, Xindong Wang . Extension of SABR Libor Market Model to handle negative interest rates. Quantitative Finance and Economics, 2020, 4(1): 148-171. doi: 10.3934/QFE.2020007 |
[3] | Hammad Siddiqi . Financial market disruption and investor awareness: the case of implied volatility skew. Quantitative Finance and Economics, 2022, 6(3): 505-517. doi: 10.3934/QFE.2022021 |
[4] | Elyas Elyasiani, Luca Gambarelli, Silvia Muzzioli . The Information Content of Corridor Volatility Measures During Calm and Turmoil Periods. Quantitative Finance and Economics, 2017, 1(4): 454-473. doi: 10.3934/QFE.2017.4.454 |
[5] | Mara Madaleno, Elisabete Vieira . Volatility analysis of returns and risk: Family versus nonfamily firms. Quantitative Finance and Economics, 2018, 2(2): 348-372. doi: 10.3934/QFE.2018.2.348 |
[6] | Didier Sornette, Peter Cauwels, Georgi Smilyanov . Can we use volatility to diagnose financial bubbles? lessons from 40 historical bubbles. Quantitative Finance and Economics, 2018, 2(1): 486-590. doi: 10.3934/QFE.2018.1.1 |
[7] | Sebastian Ferrando, Andrew Fleck, Alfredo Gonzalez, Alexey Rubtsov . Trajectorial asset models with operational assumptions. Quantitative Finance and Economics, 2019, 3(4): 661-708. doi: 10.3934/QFE.2019.4.661 |
[8] | David Melkuev, Danqiao Guo, Tony S. Wirjanto . Applications of random-matrix theory and nonparametric change-point analysis to three notable systemic crises. Quantitative Finance and Economics, 2018, 2(2): 413-467. doi: 10.3934/QFE.2018.2.413 |
[9] | Elvira Caloiero, Massimo Guidolin . Volatility as an Alternative Asset Class: Does It Improve Portfolio Performance?. Quantitative Finance and Economics, 2017, 1(4): 334-362. doi: 10.3934/QFE.2017.4.334 |
[10] | Chikashi Tsuji . The historical transition of return transmission, volatility spillovers, and dynamic conditional correlations: A fresh perspective and new evidence from the US, UK, and Japanese stock markets. Quantitative Finance and Economics, 2024, 8(2): 410-436. doi: 10.3934/QFE.2024016 |
The study of Diophantine equations plays a very important role in number theory, and the integer solutions of Diophantine equations are widely used in cryptography and coding theory. Silverman [1] studied the parametric solution of equation
X3+Y3=A, |
Li and Yuan [2] proved that the simultaneous Pell equations possess at most one positive integer solution under certain conditions.
A Diophantine equation of the form
a1x1+a2x2+⋯+atxt=s | (1.1) |
is called a multivariate linear Diophantine equation, where s,a1,a2,⋯,at are nonzero integers and t≥2. It is well known that for any given nonzero integers a and b, there are two integers u and v such that
ua+vb=(a,b), |
where (a,b) represents the greatest common divisor of a and b. Now we introduce some symbols associated with Eq (1.1) as follows:
(a1,a2)=d2,(d2,a3)=d3,⋯,(dt−1,at)=dt. |
That is, there exist integers u1,u2,⋯,ut and v2,v3,⋯,vt−1 such that
{a1u1+a2u2=d2,d2v2+a3u3=d3,⋮dt−1vt−1+atut=dt. | (1.2) |
Li [3] gave the structure of the general solution of the multivariate linear Diophantine equation.
Theorem 1.1. ([3]) The multivariate linear Diophantine Eq (1.1) has solutions if and only if dt|s. Furthermore, if dt|s and t≥4, then the general solutions of Diophantine Eq (1.1) are
{x1=u1(δ∏2≤i≤t−1vi+∑4≤j≤tˉaj∏2≤i≤j−2visj−1+ˉa3s2)+ˉa2s1,x2=u2(δ∏2≤i≤t−1vi+∑4≤j≤tˉaj∏2≤i≤j−2visj−1+ˉa3s2)−a1d−12s1,x3=u3(δ∏3≤i≤t−1vi+∑5≤j≤tˉaj∏3≤i≤j−2visj−1+ˉa4s3)−d2d−13s2,⋮xt−1=ut−1(δvt−1+ˉatst−1)−dt−2d−1t−1st−2,xt=utδ−dt−1d−1tst−1, | (1.3) |
where si(1≤i≤t−1) are arbitrary integers and δ=sd−1t,ˉaj=ajd−1j for 2≤j≤t.
Let Fq be a finite field of q elements with characteristic p, and Fqn be its extension of degree n, where p is a prime number and n ≥ 2 is an integer. Zhu et al. [4] obtained an explicit formula for the number of solutions to the equation
f(x1)+⋯+f(xn)=a |
over Fq. Zhao et al. [5] found an explicit formula for the number of solutions of the two-variable diagonal quartic equation
x41+x42=c |
over Fq.
A basis of Fqn over Fq of the form {α,αq,⋯,αqn−1} is called a normal basis of Fqn over Fq, and α is called a normal element of Fqn over Fq. An irreducible polynomial f(x) ∈ Fq[x] is called a normal polynomial if all the roots of f(x) are normal elements of Fqn over Fq. The trace of α is defined as
Tr(α)=α+αq+⋯+αqn−1 |
and the trace of f(x) is defined to be the coefficient of xn−1. Theorems 1.1 and 1.2 below give a simple criterion to check when an irreducible polynomial is a normal polynomial.
Theorem 1.2. ([6]) Let n=pe with e≥1. Then an irreducible polynomial
f(x)=xn+a1xn−1+⋯+an∈Fq[x] |
is a normal polynomial if and only if a1≠0.
Theorem 1.3. ([7]) Let n be a prime different from p, and let q be a primitive root modulo n. Then an irreducible polynomial
f(x)=xn+a1xn−1+⋯+an∈Fq[x] |
is a normal polynomial if and only if a1≠0.
In 2001, Chang([8]) et al. furthermore proved that the conditions in Theorems 1.1 and 1.2 are also necessary.
Theorem 1.4. ([8]) If every irreducible polynomial
f(x)=xn+a1xn−1+⋯+an∈Fq[x] |
with a1≠0 is a normal polynomial, then n is either a power of p or a prime different from p, and q is a primitive root modulo n.
In 2018, Huang et al. [9] presented a unified proof of Theorems 1.1–1.3 by comparing the number of normal polynomials and that of irreducible polynomials over Fq.
The factorization of xn−1 and its irreducible factors are closely related to the normal elements in Fqn over Fq (see [10, Section 2]). Denote by F(xn−1) the set of all distinct monic irreducible factors of xn−1 in a given finite field, Φr(x) a r-th cyclotomic polynomial, and φ(⋅) the Euler function. Write
n=mpe, |
where e≥0 is an integer, p is the characteristic of Fq, and p∤m. Below are the known results for
|F(xn−1)|=1,2. |
Theorem 1.5. ([11]) The following statements are equivalent:
(a) |F(xn−1)|=1.
(b) F(xn−1) = {x−1}.
(c) n=pe.
Theorem 1.6. ([11]) The following statements are equivalent:
(a) |F(xn−1)|=2.
(b) F(xn−1) = {x−1,1+x+⋯+xm−1}.
(c) m is a prime different from p, and q is a primitive root modulo m.
We summarize the five theorems above into the theorem below:
Theorem 1.7. The following statements are equivalent:
(a) Every irreducible polynomial of degree n over Fq with a nonzero trace is a normal polynomial.
(b) F(xn−1)⊆{x−1,1+x+⋯+xn−1}.
(c) (c1) n=pe, or
(c2) n is a prime different from p, with q being a primitive root modulo n.
Cao [11] presented a new and unified proof of Theorem 1.6 and also extended Theorem 1.6. In this paper, we give the necessary and sufficient condition for the polynomial xn−1 to have s different irreducible factors for a given positive integer s.
Lemma 2.1 indicates that factorization of xn−1 in finite fields is closely related to the cyclotomic polynomials.
Lemma 2.1. ([12]) Let Fq be a finite field of characteristic p, and let n be a positive integer not divisible by p. Then
xn−1=∏d|nΦd(x). |
Lemma 2.2. ([13]) Let l be the order of a modulo m, an≡1 (mod m), then l∣n.
Lemma 2.3. ([12]) Let Fq be a finite field and n a positive integer with (q,n)=1. Then the cyclotomic polynomial Φn(x) factors into φ(n)d distinct monic irreducible polynomials in Fq[x] of the same degree d, where d is the order of q modulo n.
Lemma 2.4 is the well-known theorem about the existence of primitive roots.
Lemma 2.4. ([14]) Let n be a positive integer. Then n possesses primitive roots if and only if n is of the form 2, 4, pα, or 2pα, where p is an odd prime and α is a positive integer.
By Lemmas 2.3 and 2.4, we have the following lemma:
Lemma 2.5. The cyclotomic polynomial Φn(x) is irreducible over Fq if and only if n=2,4,pα,2pα, and q is a primitive root modulo n.
We define vp(x) to be the greatest power in which a prime p divides x, that is, if vp(x)=α, then pα|x but pα+1∤x. The following lemma is called the lifting the exponent lemma (LTE):
Lemma 2.6. ([15]) Let x and y be (not necessarily positive) integers, n be a positive integer, and p be an odd prime such that p|x−y and none of x and y is divisible by p. We have
vp(xn−yn)=vp(x−y)+vp(n). |
Lemma 2.7. Let p be an odd prime and g be a primitive root modulo p2, with (g,p)=1. Then g is a primitive root modulo pl(l≥1).
Proof. We first prove that g is a primitive root modulo pl(l≥2) by induction on l. Let g be a primitive root modulo pl. The order of g modulo pl+1 is d. We have
φ(pl)|d,d|φ(pl+1), |
which shows that
d=pl−1(p−1) |
or
d=pl(p−1). |
We next prove that
d≠pl−1(p−1). |
According to Euler's theorem, we have
gpl−2(p−1)≡1(mod pl−1), |
there exists an integer k such that
gpl−2(p−1)=1+kpl−1, |
since g is a primitive root modulo pl, we have
gpl−2(p−1)≢1(mod pl),pl∤kpl−1,(k,p)=1. |
Obviously, for l≥2, we have
2l−1≥l+1 |
and
3(l−1)≥l+1, |
which shows that
gpl−1(p−1)=(1+kpl−1)p=1+kpl+k2p(p−1)2p2(l−1)+tp3(l−1)+⋯≡1+kpl(modpl+1), |
where t is an integer and (k,p)=1. It follows that
gpl−1(p−1)≡1+kpl≢1(mod pl+1). |
Therefore
d≠pl−1(p−1),d=pl(p−1), |
and g is a primitive root modulo pl+1.
We next use the LTE to prove that g is a primitive root modulo p. The Euler's theorem shows that
gφ(p)≡1(modp), |
since g is a primitive root modulo p2, we have
vp(gφ(p)−1)=1. |
Let h be the order of g modulo p, then h|φ(p). Similarly, we can obtain
vp(gh−1)=1. |
Let x=gh, y=1, then (p,gh)=1, p|gh−1. By the LTE, we have
vp(gph−1)=vp(gh−1)+vp(p)=1+1=2, |
which shows that
p2|gph−1,gph≡1(mod p2), |
if h<φ(p), then ph<φ(p2), a contradiction. Thus h=φ(p), g is a primitive root modulo p.
Lemma 2.8. Let g be a primitive root modulo pl. Then g is a primitive root modulo 2pl, where g is odd and p and l are the same as mentioned above.
Proof. Let s be the order of g modulo 2pl. Then
gs≡1(mod 2pl),s|φ(2pl). |
So we have
gs≡1(mod pl). |
Since g is a primitive root modulo pl, we have φ(pl)|s and hence φ(2pl)|s. So
s=φ(2pl) |
and g is a primitive root modulo 2pl.
Combining Lemmas 2.1 and 2.3, we can calculate the number of different irreducible factors for xn−1 over Fq. Let m be a positive integer,
m=pα11pα22⋯pαll |
be its prime decomposition. If
n=mpe, |
where e≥0 is an integer, and p is the characteristic of Fq with p∤m. Then we can calculate that
|F(xn−1)|=∑m′∣mφ(m′)dm′, |
where dm′ denotes the order of q modulo m′. Note that there are ∏lk=1(αk+1) items in the summation, where ∏lk=1(αk+1) is the number of factors of m.
Now assume that s and m are given positive integers, m1,⋯,mt are the t factors of m. Thus, we have
xn−1=t∏i=1Φmi(x)pe. |
If xn−1 factors into s distinct irreducible polynomials in Fq[x], then
|F(xn−1)|=t∑i=1φ(mi)dmi=s, | (3.1) |
there are t items in the summation, the necessary and sufficient condition for
|F(xn−1)|=s |
is determined as follows:
Observe φ(mi)dmi (i=1,2,⋯,t), and φ(mi) are known; with the difference of q, the values of dmi will also change, that is, the values of φ(mi)dmi will change in the different Fq. Therefore, the t items in (3.1) can be regarded as t variables, and (3.1) can be regarded as the Diophantine equation with t variables
x1+x2+⋯+xt=s. | (3.2) |
Remark 3.1. Combining Lemma 2.2 and Euler's theorem, we know that φ(mi)dmi (i=1,2,⋯,t) are positive integers. So we only need to consider the positive integer solutions of (3.2).
Remark 3.2. The positive integers s and t satisfy t≤s. Otherwise, if t>s, then it follows from Lemmas 2.1 and 2.3 that
|F(xn−1)|>s. |
Remark 3.3. As we all know
Φ1(x)=x−1 |
is a factor of xn−1, and x−1 is irreducible over Fq; the order of q modulo 1 is d1=1. Thus, at least one positive integer solution of (3.2) whose value is 1.
We can find the positive integer solutions of (3.2). Without loss of generality, we suppose that
xi=φ(mi)dmi=ki (i=1,2,⋯,t) | (3.3) |
is the positive integer solution of (3.2), thus we have
dmi=φ(mi)ki (i=1,2,⋯,t). | (3.4) |
If there exists q such that the order of q modulo mi is
dmi=φ(mi)ki (i=1,2,⋯,t), |
then it follows from Lemma 2.3 that Φmi(x) factors into
φ(mi)φ(mi)ki=ki |
distinct monic irreducible polynomials over Fq of the same degree
dmi=φ(mi)ki. |
Therefore, we have
|F(xn−1)|=k1+k2+⋯+kt=s, |
that is, xn−1 factors into s distinct irreducible polynomials over Fq.
In conclusion, we have the following result:
Theorem 3.4. (Main result) Let Fq denote the finite field of q elements with characteristic p. Let p be a prime. Let
n=mpe |
with e≥0, p∤m. Let s be a positive integer. The t factors of m are m1,m2,⋯,mt and dmi denotes the order of q modulo mi. Then
|F(xn−1)|=s, |
if and only if
xi=φ(mi)dmi (i=1,2,⋯,t) |
is a solution to the Diophantine equation
x1+x2+⋯+xt=s. |
Proof. We first assume that
xi=φ(mi)dmi=ki (i=1,2,⋯,t) |
is the solution of the Diophantine equation
x1+x2+⋯+xt=s. |
By Lemmas 2.1 and 2.3, we have
xn−1=t∏i=1Φmi(x)pe |
and Φmi(x) factors into
φ(mi)φ(mi)ki=ki |
distinct monic irreducible polynomials in Fq[x] of the same degree
dmi=φ(mi)ki (i=1,2,⋯,t). |
Hence, we obtain
|F(xn−1)|=t∑i=1ki=s. |
Suppose
|F(xn−1)|=s. |
According to Lemma 2.3, we have
|F(xn−1)|=t∑i=1φ(mi)dmi=s. |
So
xi=φ(mi)dmi (i=1,2,⋯,t) |
is the solution of the Diophantine equation
x1+x2+⋯+xt=s. |
We apply Theorem 3.4 to deduce Theorem 1.6. Note that Theorem 1.5 is trivial. Recall that
n=mpe, |
where e≥0 is an integer and p is the characteristic of Fq with p∤m.
For Theorem 1.6
|F(xn−1)|=2, |
we know that m has two factors; thus, m is a prime different from p,
xn−1=(Φ1(x)Φm(x))pe. |
The unique positive integer solution of the Diophantine equation
x1+x2=2 |
is
x1=x2=1. |
Since
φ(1)d1=1, |
and by Theorem 3.4, we have
φ(m)dm=1, |
that is, dm=φ(m), q is a primitive root modulo m. It follows from Lemma 2.5 that the cyclotomic polynomial Φm(x) is irreducible over Fq. Thus
|F(xn−1)|=2. |
The necessary and sufficient conditions for
|F(xn−1)|=3,4,5 |
are given, respectively, below: for
|F(xn−1)|=3, |
we know that t≤3, where t is the number of factors of m.
Case 1. If m has three factors, then m=r2, where r is a prime different from p.
xn−1=(Φ1(x)Φr(x)Φr2(x))pe. |
The unique positive integer solution of the Diophantine equation
x1+x2+x3=3 |
is
x1=x2=x3=1. |
By Theorem 3.4, we have
φ(r)dr=1, φ(r2)dr2=1, |
that is,
dr=φ(r), dr2=φ(r2), |
q is a primitive root modulo r and r2. Recall Lemma 2.7: If q is a primitive root modulo r2, then q is a primitive root modulo r. Cyclotomic polynomials Φr(x) and Φr2(x) are irreducible over Fq. Thus
|F(xn−1)|=3. |
Case 2. If m has two factors, then m=r,
xn−1=(Φ1(x)Φr(x))pe. |
The positive integer solution of the Diophantine equation
x1+x2=3 |
is x1=1, x2=2. Hence, we obtain
φ(r)dr=2, |
that is,
dr=φ(r)2, |
the order of q modulo r is φ(r)2. According to Lemma 2.3, the cyclotomic polynomial Φr(x) factors into
φ(r)φ(r)2=2 |
distinct monic irreducible polynomials in Fq[x] of the same degree
dr=φ(r)2. |
Thus
|F(xn−1)|=3. |
In conclusion, we have the following result:
Theorem 4.1. The following statements are equivalent:
(a) |F(xn−1)|=3.
(b) (b1) F(xn−1) = {x−1,f1(x),f2(x)}, where m=r,
f1(x)f2(x)=Φr(x),degf1=degf2=φ(r)2. |
(b2) F(xn−1) = {x−1,Φr(x),Φr2(x)}, where m=r2.
(c) (c1) m=r, and the order of q modulo r is φ(r)2.
(c2) m=r2, and q is a primitive root modulo r2.
For
|F(xn−1)|=4, |
we know that t≤4, where t is the number of factors of m. In the remaining part of this paper, we always assume that r is an odd prime different from p.
If m has four factors, then the possible values of m are r3, 2r, p1p2 or 8, where p1 and p2 are odd primes different from p. The unique positive integer solution of the Diophantine equation
x1+x2+x3+x4=4 |
is
x1=x2=x3=x4=1. |
Case 1. If m=r3, then
xn−1=(Φ1(x)Φr(x)Φr2(x)Φr3(x))pe, |
and we have
φ(r)dr=φ(r2)dr2=φ(r3)dr3=1, |
that is, q is a primitive root modulo rl,l=1,2,3, which requires that q is a primitive root modulo r2. The cyclotomic polynomials Φr(x), Φr2(x), and Φr3(x) are irreducible over Fq. Thus
|F(xn−1)|=4. |
Case 2. If m=2r, then
xn−1=(Φ1(x)Φ2(x)Φr(x)Φ2r(x))pe, |
and we have
φ(2)d2=φ(r)dr=φ(2r)d2r=1, |
that is, q is a primitive root modulo r and 2r. Recall Lemma 2.8: If q is a primitive root modulo r, then q is a primitive root modulo 2r. The cyclotomic polynomials Φr(x) and Φ2r(x) are irreducible over Fq. Obviously, the order of q modulo 2 is d2=1, and
Φ2(x)=x+1 |
is irreducible over Fq. Thus
|F(xn−1)|=4. |
Case 3. If m=p1p2, then
xn−1=(Φ1(x)Φp1(x)Φp2(x)Φp1p2(x))pe, |
and we have
φ(p1)dp1=φ(p2)dp2=φ(p1p2)dp1p2=1. |
It follows from Lemma 2.4 that p1p2 has no primitive root, which contradicts
dp1p2=φ(p1p2). |
The cyclotomic polynomial Φp1p2(x) is reducible over Fq. Thus
|F(xn−1)|>4. |
Case 4. If m=8, then
xn−1=(Φ1(x)Φ2(x)Φ4(x)Φ8(x))pe. |
Since 8 has no primitive root, Φ8(x) is reducible over Fq. Thus
|F(xn−1)|>4. |
If m has three factors, then the possible values of m are r2 or 4. The positive integer solution of the equation
x1+x2+x3=4 |
is
x1=x2=1,x3=2. |
Case 1. If m=r2, then
xn−1=(Φ1(x)Φr(x)Φr2(x))pe, |
and we have
φ(r)dr=2, φ(r2)dr2=1 |
or
φ(r)dr=1, φ(r2)dr2=2. |
For the former, the order of q modulo r is
dr=φ(r)2, |
and q is a primitive root modulo r2, which is impossible by Lemma 2.7. For the latter, q is a primitive root modulo r, and the order of q modulo r2 is φ(r2)2. It follows that
qφ(r)≡1(mod r), qφ(r2)2=qrφ(r)2≡1(mod r2), qrφ(r)2≡1(mod r). |
Thus φ(r)|rφ(r)2. Since r is an odd prime, r2 is not an integer, and the divisibility is not valid.
Case 2. If m=4, then
xn−1=(Φ1(x)Φ2(x)Φ4(x))pe, |
and we have
φ(4)d4=2, |
that is, the order of q modulo 4 is
d4=φ(4)2=1. |
The cyclotomic polynomial
Φ4(x)=1+x2 |
factors into
φ(4)φ(4)2=2 |
distinct monic irreducible polynomials in Fq[x] of the same degree, d4=1. Thus
|F(xn−1)|=4. |
If m has two factors, then m=r,
xn−1=(Φ1(x)Φr(x))pe. |
The positive integer solution of the Diophantine equation
x1+x2=4 |
is x1=1, x2=3. Hence, we have
φ(r)dr=3, |
that is, the order of q modulo r is φ(r)3. The cyclotomic polynomial Φr(x) factors into three distinct monic irreducible polynomials in Fq[x] of the same degree φ(r)3. Thus
|F(xn−1)|=4. |
In conclusion, we have the following result:
Theorem 4.2. The following statements are equivalent:
(a) |F(xn−1)|=4.
(b) (b1) F(xn−1) = {x−1,f1(x),f2(x),f3(x)}, where m=r,
f1(x)f2(x)f3(x)=Φr(x),degf1=degf2=degf3=φ(r)3. |
(b2) F(xn−1) = {x−1,Φr(x),Φr2(x),Φr3(x)}, where m=r3.
(b3) F(xn−1) = {x−1,x+1,Φr(x),Φ2r(x)}, where m=2r.
(b4) F(xn−1) = {x−1,x+1,x+e1,x+e2}, where m=4, e1 and e2 are integers.
(c) (c1) m=r, and the order of q modulo r is φ(r)3.
(c2) m=r3, and q is a primitive root modulo r2.
(c3) m=2r, and q is a primitive root modulo r.
(c4) m=4, and the order of q modulo 4 is 1.
For
|F(xn−1)|=5, |
we know that t≤5, where t is the number of factors of m.
If m has five factors, then the possible values of m are r4 or 16. The unique positive integer solution of the equation
x1+x2+x3+x4+x5=5 |
is
x1=x2=x3=x4=x5=1. |
Case 1. If m=r4, then
xn−1=(Φ1(x)Φr(x)Φr2(x)Φr3(x)Φr4(x))pe, |
and we have
φ(r)dr=φ(r2)dr2=φ(r3)dr3=φ(r4)dr4=1, |
that is, q is a primitive root modulo rl,l=1,2,3,4, which requires that q is a primitive root modulo r2. The cyclotomic polynomials Φr(x),Φr2(x),Φr3(x), and Φr4(x) are irreducible over Fq. Thus
|F(xn−1)|=5. |
Case 2. If m=16, then
xn−1=(Φ1(x)Φ2(x)Φ4(x)Φ8(x)Φ16(x))pe. |
Since 8 and 16 have no primitive root, we know that Φ8(x) and Φ16(x) are reducible over Fq. Thus
|F(xn−1)|>5. |
If m has four factors, then the possible values of m are r3,8,2r or p1p2. The positive integer solution of the equation
x1+x2+x3+x4=5 |
is
x1=x2=x3=1,x4=2. |
Case 1. If m=r3, then
xn−1=(Φ1(x)Φr(x)Φr2(x)Φr3(x))pe. |
It follows from Lemma 2.7 that
φ(r2)dr2=2 |
and
φ(r)dr=φ(r3)dr3=1, |
that is, q is a primitive root modulo r3, the order of q modulo r2 is φ(r2)2. It follows that
qφ(r3)≡1(mod r3), qφ(r2)2≡1(mod r2), qφ(r2)2≡1(mod r). |
Since q is a primitive root modulo r3, we have
vr(qφ(r2)2−1)=2. |
By Lemma 2.6, we have
vr(qrφ(r2)2−1)=vr(qφ(r2)2−1)+vr(r)=2+1=3, |
qφ(r3)2≡1(modr3), |
which is a contradiction. Thus, if m=r3, then
|F(xn−1)|≠5. |
Case 2. If m=8, then
xn−1=(Φ1(x)Φ2(x)Φ4(x)Φ8(x))pe, |
and we have
φ(4)d4=1, φ(8)d8=2, |
that is, q is a primitive root modulo 4, which means q is congruent to 3 modulo 4, therefore the order of q modulo 8 is
φ(8)2=2. |
Φ4(x) is irreducible over Fq, and Φ8(x) factors into
φ(8)φ(8)2=2 |
distinct monic irreducible polynomials in Fq[x] of the same degree 2. Thus
|F(xn−1)|=5. |
Case 3. If m=2r, then
xn−1=(Φ1(x)Φ2(x)Φr(x)Φ2r(x))pe. |
It follows from Lemma 2.8 that
φ(r)dr=2, φ(2r)d2r=1, |
that is, q is a primitive root modulo 2r, and the order of q modulo r is φ(r)2, Φ2r(x) is irreducible over Fq and Φr(x) factors into
φ(r)φ(r)2=2 |
distinct monic irreducible polynomials in Fq[x] of the same degree φ(r)2. Thus
|F(xn−1)|=5. |
Case 4. If m=p1p2, then
xn−1=(Φ1(x)Φp1(x)Φp2(x)Φp1p2(x))pe. |
Since p1p2 has no primitive root, we have
φ(p1)dp1=φ(p2)dp2=1, φ(p1p2)dp1p2=2, |
that is, q is a primitive root modulo p1 and p2, and the order of q modulo p1p2 is φ(p1p2)2, Φp1(x) and Φp2(x) are irreducible over Fq, and Φp1p2(x) factors into
φ(p1p2)φ(p1p2)2=2 |
distinct monic irreducible polynomials in Fq[x] of the same degree φ(p1p2)2. Thus
|F(xn−1)|=5. |
If m has three factors, then the possible values of m are 4 or r2. If m=4, there are at most four distinct irreducible factors for xn−1. Thus
|F(xn−1)|<5. |
If m=r2, then
xn−1=(Φ1(x)Φr(x)Φr2(x))pe. |
The positive integer solutions of the equation
x1+x2+x3=5 |
are
x1=1, x2=x3=2,orx1=x2=1, x3=3. |
For the former, we have
φ(r)dr=φ(r2)dr2=2, |
that is, the order of q modulo r is φ(r)2 and the order of q modulo r2 is φ(r2)2, Φr(x), and Φr2(x) factor into 2 distinct monic irreducible polynomials in Fq[x]. Thus
|F(xn−1)|=5. |
For the latter, it follows from Lemma 2.7 that
φ(r)dr=1andφ(r2)dr2=3, |
that is, q is a primitive root modulo r, and the order of q modulo r2 is φ(r2)3, Φr(x) is irreducible over Fq and Φr2(x) factors into 3 distinct monic irreducible polynomials in Fq[x]. Thus
|F(xn−1)|=5. |
If m has two factors, then
m=r, xn−1=(Φ1(x)Φr(x))pe. |
The positive integer solution of the equation x1+x2=5 is x1=1,x2=4. Hence, we have
φ(r)dr=4, |
that is, the order of q modulo r is φ(r)4. The cyclotomic polynomial Φr(x) factors into four distinct monic irreducible polynomials in Fq[x]. Thus
|F(xn−1)|=5. |
In conclusion, we obtain the following result:
Theorem 4.3. The following statements are equivalent:
(a) |F(xn−1)|=5.
(b) (b1) F(xn−1) = {x−1,Φr(x),Φr2(x),Φr3(x),Φr4(x)}, where m=r4.
(b2) F(xn−1) = {x−1,x+1,Φ4(x),f1(x),f2(x)}, where m=8,
f1(x)f2(x)=Φ8(x),degf1=degf2=2. |
(b3) F(xn−1) = {x−1,x+1,g1(x),g2(x),Φ2r(x)}, where m=2r,
g1(x)g2(x)=Φr(x),degg1=degg2=φ(r)2. |
(b4) F(xn−1) = {x−1,Φp1(x),Φp2(x),h1(x),h2(x)}, where m=p1p2,
h1(x)h2(x)=Φp1p2(x),degh1=degh2=φ(p1p2)2. |
(b5) F(xn−1) = {x−1,k1(x),k2(x),r1(x),r2(x)}, where m=r2,
k1(x)k2(x)=Φr(x),degk1=degk2=φ(r)2andr1(x)r2(x)=Φr2(x),degr1=degr2=φ(r2)2. |
Or F(xn−1) = {x−1,Φr(x),u1(x),u2(x),u3(x)}, where m=r2,
u1(x)u2(x)u3(x)=Φr2(x),degu1=degu2=degu3=φ(r2)3. |
(b6) F(xn−1) = {x−1,v1(x),v2(x),v3(x),v4(x)}, where m=r,
v1(x)v2(x)v3(x)v4(x)=Φr(x),degv1=degv2=degv3=degv4=φ(r)4. |
(c) (c1) m=r4, and q is a primitive root modulo r2.
(c2) m=8, q is a primitive root modulo 4, and the order of q modulo 8 is 2.
(c3) m=2r, the order of q modulo r is φ(r)2 and q is a primitive root modulo 2r.
(c4) m=p1p2, the order of q modulo p1p2 is φ(p1p2)2, and q is a primitive root modulo p1 and p2.
(c5) m=r2, the order of q modulo r is φ(r)2 and the order of q modulo r2 is φ(r2)2; or q is a primitive root modulo r and the order of q modulo r2 is φ(r2)3.
(c6) m=r, and the order of q modulo r is φ(r)4.
In this final section, we provide two examples.
Example 5.1. Let Fq denote the finite field of q elements with characteristic p. Let p be a prime, let r be a prime different from p, and let n=rlpe, with l≥1, e≥0. Denote by F(xn−1) the set of all distinct monic irreducible factors of xn−1 in a given finite field. Given a positive integer s, we consider the special case for
|F(xn−1)|=s=l+1. |
Since n=rlpe,
xn−1=(Φ1(x)Φr(x)Φr2(x)⋯Φrl(x))pe. |
The unique positive integer solution of the equation
x0+x1+x2+⋯+xl=l+1 |
is
xi=φ(ri)dri=1 (i=0,1,⋯,l), |
where dri denotes the order of q modulo ri (i=0,1,⋯,l). That is, q is a primitive root modulo rj (j=1,2,⋯,l). Recall Lemma 2.7 that if q is a primitive root modulo r2, then q is a primitive root modulo rj (j=1,2,⋯,l). Cyclotomic polynomials Φrj(x) (j=1,2,⋯,l) are irreducible over Fq.
In conclusion, if q is a primitive root modulo r2, then
|F(xrlpe−1)|=l+1. |
Example 5.2. We factor polynomial x25−1 into distinct monic irreducible polynomials over F7. Since 25=52,
x25−1=x52−1=Φ1(x)Φ5(x)Φ25(x). |
We first calculate
7≡2(mod5), 72≡4≡−1(mod5), 74≡1(mod5), |
where 7 is a primitive root modulo 5, thus
Φ5(x)=1+x+x2+x3+x4 |
is irreducible over F7.
We next calculate
7≡7(mod25), 72≡24≡−1(mod25), 74≡1(mod25), |
the order of 7 modulo 25 is 4, thus
Φ25(x)=1+x5+x10+x15+x20 |
factors into
φ(25)4=5 |
distinct monic irreducible polynomials over F7 of the same degree 4,
f1(x)=1+2x+4x2+2x3+x4,f2(x)=1+4x+4x3+x4,f3(x)=1+4x+3x2+4x3+x4,f4(x)=1+5x+5x2+5x3+x4,f5(x)=1+6x+5x2+6x3+x4, |
respectively.
Thus
x25−1=((x−1)(1+x+x2+x3+x4)(1+2x+4x2+2x3+x4)(1+4x+4x3+x4)(1+4x+3x2+4x3+x4)(1+5x+5x2+5x3+x4)(1+6x+5x2+6x3+x4)) |
and
|F(x25−1)|=7. |
{Let Fq be the finite field of q elements, and Fqn be its extension of degree n. Denote by F(xn−1) the set of all distinct monic irreducible factors of the polynomial xn−1 in the finite field Fq. Given a positive integer s, we use the properties of cyclotomic polynomials in finite fields and results from the Diophantine equations to provide the sufficient and necessary condition for
|F(xn−1)|=s. |
As an application, we also obtain the sufficient and necessary conditions for
|F(xn−1)|=3,4,5. |
Weitao Xie: the first draft of the manuscript; Jiayu Zhang: preliminaries collection and analysis; Wei Cao: originally raised the problem and commented on previous versions of the manuscript. All authors contributed to the study conception and design. All authors read and approved the final manuscript.
The authors declare they have not used Artificial Intelligence (AI) tools in the creation of this article.
The authors thank the anonymous referees for their helpful comments that improved the quality of the manuscript. This work was jointly supported by the Fujian Provincial Natural Science Foundation of China (Grant No. 2022J02046), and Fujian Key Laboratory of Granular Computing and Applications (Minnan Normal University).
All authors declare no conflicts of interest in this paper.
[1] |
Aalborg HA, Molnár P, de Vries JE (2019) What can explain the price, volatility and trading volume of Bitcoin? Financ Res Lett 29: 255-265. doi: 10.1016/j.frl.2018.08.010
![]() |
[2] |
Admati AR, Pfeiderer P (1988) A Theory of Intraday Patterns: Volume and Price Variability. Rev Financ Stud 1: 3-40. doi: 10.1093/rfs/1.1.3
![]() |
[3] |
Ajinkya BB, Jain PC (1989) The behavior of daily stock market trading volume. J Account Econ 11: 331-359. doi: 10.1016/0165-4101(89)90018-9
![]() |
[4] | Alameda Research (2019) Investigation into the Legitimacy of Reported Cryptocurrency Exchange Volume. Available from: https://ftx.com/volume_report_paper.pdf |
[5] | Ante L (2020) A place next to Satoshi: scientific foundations of blockchain and cryptocurrency in business and economics. Scientometrics Available from: https://doi.org/10.1007/s11192-020-03492-8 |
[6] | Ante L, Fiedler I (2020) Market Reaction to Large Transfers on the Bitcoin Blockchain-Do Size and Motive Matter? Financ Res Lett. Available from: https://doi.org/10.1016/j.frl.2020.101619. |
[7] |
Bariviera AF (2017) The inefficiency of Bitcoin revisited: A dynamic approach. Econ Lett 161: 1-4. doi: 10.1016/j.econlet.2017.09.013
![]() |
[8] |
Baur DG, Cahill D, Godfrey K, et al. (2019) Bitcoin time-of-day, day-of-week and month-of-year effects in returns and trading volume. Financ Res Lett 31: 78-92. doi: 10.1016/j.frl.2019.04.023
![]() |
[9] |
Beaver WH (1968) The Information Content of Annual Earnings Announcements. J Account Res 6: 67-92. doi: 10.2307/2490070
![]() |
[10] | Bitfinex (2020) Bitfinex Security Features. Available from: https://support.bitfinex.com/hc/en-us/articles/213892469-Bitfinex-Security-Features. |
[11] |
Black F (1986) Noise. J Financ 41: 528-543. doi: 10.1111/j.1540-6261.1986.tb04513.x
![]() |
[12] |
Brown SJ, Warner JB (1985) Using daily stock returns. The case of event studies. J Financ Econ 14: 3-31. doi: 10.1016/0304-405X(85)90042-X
![]() |
[13] |
Campbell CJ, Wasley CE (1996) Measuring abnormal daily trading volume for samples of NYSE/ASE and NASDAQ securities using parametric and nonparametric test statistics. Rev Quant Financ Account 6: 309-326. doi: 10.1007/BF00245187
![]() |
[14] |
Caporale GM, Plastun A (2019) The day of the week effect in the cryptocurrency market. Financ Res Lett 31: 258-269. doi: 10.1016/j.frl.2018.11.012
![]() |
[15] |
Chae J (2005) Trading volume, information asymmetry, and timing information. J Financ 60: 413-442. doi: 10.1111/j.1540-6261.2005.00734.x
![]() |
[16] |
Ciaian P, Rajcaniova M, Kancs Artis (2016) The economics of BitCoin price formation. Appl Econ 48: 1799-1815. doi: 10.1080/00036846.2015.1109038
![]() |
[17] |
Cready WM, Ramanan R (1991) The power of tests employing log-transformed volume in detecting abnormal trading. J Account Econ 14: 203-214. doi: 10.1016/0165-4101(91)90005-9
![]() |
[18] | Decker C, Wattenhofer R (2016) Information propagation in the Bitcoin network, in: 13-Th IEEE International Conference on Peer-to-Peer Computing, 1-10. |
[19] |
Dorfleitner G, Lung C (2018) Cryptocurrencies from the perspective of euro investors: a re-examination of diversification benefits and a new day-of-the-week effect. J Asset Manage 19: 472-494. doi: 10.1057/s41260-018-0093-8
![]() |
[20] |
Easley D, Hvidkjaer S, O'Hara M (2002) Is information risk a determinant of asset returns? J Financ 57: 2185-2221. doi: 10.1111/1540-6261.00493
![]() |
[21] |
Fama EF (1970) Efficient Capital Markets: A Review of Theory and Empirical Work. J Financ 25: 383-417. doi: 10.2307/2325486
![]() |
[22] | Foster G, Olsen C, Shevlin T (1984) Earnings Releases, Anomalies, and the Behavior of Security Returns. Account Rev 59: 574-603. |
[23] | Fusaro T, Hougan M (2019) Bitwise Asset Management - Presentation to the U.S. Securities and Exchange Commission. Available from: https://www.sec.gov/comments/sr-nysearca-2019-01/srnysearca201901-5164833-183434.pdf. |
[24] | Gervais A, Ritzdorf H, Karame GO, et al. (2015) Tampering with the delivery of blocks and transactions in Bitcoin, in: Proceedings of the ACM Conference on Computer and Communications Security, 692-705. |
[25] |
Harris L (1986) Cross-Security Tests of the Mixture of Distributions. J Financ Quant Anal 21: 39-46. doi: 10.2307/2330989
![]() |
[26] |
Jain PC, Joh GH (1988) The Dependence between Hourly Prices and Trading Volume. J Financ Quant Anal 23: 269-283. doi: 10.2307/2331067
![]() |
[27] |
James C, Edmister RO (1983) The Relation Between Common Stock Returns Trading Activity and Market Value. J Financ 38: 1075-1086. doi: 10.1111/j.1540-6261.1983.tb02283.x
![]() |
[28] |
Kaiser L (2019) Seasonality in cryptocurrencies. Financ Res Lett 31: 232-238. doi: 10.1016/j.frl.2018.11.007
![]() |
[29] |
Karalevicius V (2018) Using sentiment analysis to predict interday Bitcoin price movements. J Risk Financ 19: 56-75. doi: 10.1108/JRF-06-2017-0092
![]() |
[30] |
Karpoff JM (1986) A Theory of Trading Volume. J Financ 41: 1069-1087. doi: 10.1111/j.1540-6261.1986.tb02531.x
![]() |
[31] |
Koutmos D (2018) Bitcoin returns and transaction activity. Econ Lett 167: 81-85. doi: 10.1016/j.econlet.2018.03.021
![]() |
[32] |
Kristoufek L (2018) On Bitcoin markets (in)efficiency and its evolution. Phys A Stat Mech Appl 503: 257-262. doi: 10.1016/j.physa.2018.02.161
![]() |
[33] |
Kyle AS (1985) Continuous Auctions and Insider Trading. Econometrica 53: 1315-1335. doi: 10.2307/1913210
![]() |
[34] |
Lakonishok J, Vermaelen T (1986) Tax-induced trading around ex-dividend days. J Financ Econ 16: 287-319. doi: 10.1016/0304-405X(86)90032-2
![]() |
[35] |
Li Z, Dong H, Huang Z, et al. (2018) Asymmetric Effects on Risks of Virtual Financial Assets (VFAs) in different regimes: A Case of Bitcoin. Quant Financ Econ 2: 860-883. doi: 10.3934/QFE.2018.4.860
![]() |
[36] |
Milgrom P, Stokey N (1982) Information, Trade and Common Knowledge. J Econ Theory 26: 17-27. doi: 10.1016/0022-0531(82)90046-1
![]() |
[37] |
Nadarajah S, Chu J (2017) On the inefficiency of Bitcoin. Econ Lett 150: 6-9. doi: 10.1016/j.econlet.2016.10.033
![]() |
[38] | Sapuric S, Kokkinaki A, Georgiou I (2020) The relationship between Bitcoin returns, volatility and volume: asymmetric GARCH modeling. J Enterp Inf Manage. |
[39] |
Vidal-Tomás D, Ibañez A (2018) Semi-strong efficiency of Bitcoin. Financ Res Lett 27: 259-265. doi: 10.1016/j.frl.2018.03.013
![]() |
[40] |
Wang JN, Liu HC, Hsu YT (2019) Time-of-day periodicities of trading volume and volatility in Bitcoin exchange: Does the stock market matter? Financ Res Lett, 1-8. doi: 10.1016/j.frl.2019.04.031
![]() |
[41] |
Wilcoxon F (1945) Individual Comparisons by Ranking Methods. Biometrics Bull 1: 80-83. doi: 10.2307/3001968
![]() |
1. | Lingxi Gao, Bochi Sun, Ziqing Du, Guangming Lv, How Wealth Inequality Affects Happiness: The Perspective of Social Comparison, 2022, 13, 1664-1078, 10.3389/fpsyg.2022.829707 | |
2. | Wenhui Li, Qi Zhu, Fenghua Wen, Normaziah Mohd Nor, The evolution of day-of-the-week and the implications in crude oil market, 2022, 106, 01409883, 105817, 10.1016/j.eneco.2022.105817 |