We recently found that Gamma Ray Burst energies and luminosities, in their comoving frame, are remarkably similar. This, coupled with the clustering of energetics once corrected for the collimation factor, suggests the possibility that all bursts, in their comoving frame, have the same peak energy Epeak (of the order of a few keV) and the same energetics of the prompt emission Egamma (of the order of 2e48 erg). The large diversity of bursts energies is then due to the different bulk Lorentz factor Gamma and jet aperture angle theta_jet. We investigated, through a population synthesis code, what are the distributions of Gamma and theta_jet compatible with the observations. Both quantities must have preferred values, with log-normal best fitting distributions and <Gamma0> ~ 275 and <theta_jet> ~ 8.7 degree. Moreover, the peak values of the Gamma and theta_jet distributions must be related - theta_jet^2.5 Gamma =const: the narrower the jet angle, the larger the bulk Lorentz factor. We predict that ~6% of the bursts that point to us should not show any jet break in their afterglow light curve since they have sin(theta_jet)<1/Gamma. Finally, we estimate that the local rate of GRBs is ~0.3% of all local SNIb/c and ~2.5% of local hypernovae, i.e. SNIb/c with broad absorption lines.
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