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Can the cosmological constant be derived from first principles? The answer appears to be - YES, according to this paper by Padmanabhan - 'The Physical Principle that determines the Value of the Cosmological Constant', http://arxiv.org/abs/1210.4174. This is, in part, an extension of Padmanabhan's earlier paper 'Emergent perspective of Gravity and Dark Energy', http://arxiv.org/abs/1207.0505.