"Dark-ages reionization and galaxy formation simulation IX: Economics of Reionizing Galaxies" - Duffy et al. (2017)
Alan Duffy
This is one of the most fun papers I have ever written (and not just because of the title). The picture astronomers have of the early universe is one of galaxies growing rapidly, turning vast quantities of gas rich clouds into stars in a boom-time of star formation. By using the Smaug simulations of this period I and my DRAGONS colleagues were able to explore this picture. We found that cold gas is indeed consumed rapidly, in just 300 million years irrespective of how stars explode or that gas can cool. However, theres so much material pouring into the galaxies at this time that they simply can't consume it all! A system where demand (gas turing into stars) can't raise to meet supply (of new primary material flowing in) is a recession.
Far from a booming bull-market, the early Universe was a recessionary bear-market and that's why I love this paper...