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Land-locked: An Examination of Some of the Inefficiencies Affecting Transactions Involving Immovable Property
Optical phonons in new ordered perovskite Sr2Cu(Re0.69Ca0.31) Oy system observed by infrared reflectance spectroscopy
We report infrared reflectivity spectra for a new correlated cupric oxide
system Sr2Cu(Re0.69Ca0.31)Oy with y ~ 0.6 at several temperatures ranging
between 8 and 380 K. The reflectivity spectrum at 300 K comprises of several
optical phonons. A couple of residual bands located around 315 and 653 cm-1
exhibit exceptionally large intensity as compared to the other ones. The
overall reflectivity spectrum lifts up slightly with increasing temperature.
The energy and damping factor of transverse-optical phonons are determined by
fitting the imaginary dielectric constant by Lorentz oscillator model and
discussed as a function of temperature in terms of lattice anharmonicity.Comment: 9 pages, 3 figures, presented at ISS2005, to appear in Physica
Land-locked: An Examination of Some of the Inefficiencies Affecting Transactions Involving Immovable Property
In the study of law and economics, the Coase Theorem posits
that an efficient allocation of resources will result when transactions
costs are zero.1 These “transaction costs” may be viewed as impediments
to an efficient allocation of resources and can take many forms. For
example, long distances between a prospective vendor and purchaser of
property and a lack of communication facilities between them would
impede even the best of intentions to enter into a bargain. Similarly,
the cost of mobilising labour and materials might impede a property
developer from pursuing a tender for civil works. In some cases, a high
rate of Stamp Duty on transactions can result in the parties
reconsidering their decision to enter into such bargains. To the extent
this author can claim knowledge of economics, the Coase Theorem also
suggests that transaction costs and inefficiencies hamper the natural
flow of bargains, result in inefficient allocation of resources and thus
impact the economy. Some transaction costs are small enough to ignore
whereas some, imposed, for example, by the law, are unavoidable. In such
cases, a mutual understanding between the parties may see the burden of
these transaction costs shared or, in others, avoided altogether. For
example, the statutory requirements that all leases purporting to grant
a term in excess of one year or which reserve an annual rent must be
registered and stamped2 often results, in owners of residential property
granting indefinitely renewable leases of 11 months and thus avoiding
such requirements
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