Competition, restructuring and firm performance: evidence of an inverted-U relationship from a cross-country survey of firms in transition economies

This paper examines the importance of competition in the growth anddevelopment of firms. We draw on a survey of 3,300 firms in 25transition countries to shed light on the factors that influencerestructuring by firms and their subsequent performance. These datahave three main advantages over those used in previous work. First,they measure directly the degree of competition perceived by each firmin its principal market rather than attempting to infer this from marketdata as measured by statistical agencies. Second, the fact that transitioncountries have market structures inherited from the past avoids some ofthe endogeneity problems associated with measures of competition inmarket economies. Third, the breadth of cross-country variationprovides a method of dealing with the fact that firm-level measures ofthe external environment will not be independent of the firm?s ownperformance. We find evidence of a robust inverted-U effect ofcompetition on performance that is both statistically and economicallysignificant. This paper examines the importance of competition in the growth anddevelopment of firms. We draw on a survey of 3,300 firms in 25transition countries to shed light on the factors that influencerestructuring by firms and their subsequent performance. These datahave three main advantages over those used in previous work. First,they measure directly the degree of competition perceived by each firmin its principal market rather than attempting to infer this from marketdata as measured by statistical agencies. Second, the fact that transitioncountries have market structures inherited from the past avoids some ofthe endogeneity problems associated with measures of competition inmarket economies. Third, the breadth of cross-country variationprovides a method of dealing with the fact that firm-level measures ofthe external environment will not be independent of the firm?s ownperformance. We find evidence of a robust inverted-U effect ofcompetition on performance that is both statistically and economicallysignificant

High-speed civil transport flight- and propulsion-control technological issues

Technology advances required in the flight and propulsion control system disciplines to develop a high speed civil transport (HSCT) are identified. The mission and requirements of the transport and major flight and propulsion control technology issues are discussed. Each issue is ranked and, for each issue, a plan for technology readiness is given. Certain features are unique and dominate control system design. These features include the high temperature environment, large flexible aircraft, control-configured empennage, minimizing control margins, and high availability and excellent maintainability. The failure to resolve most high-priority issues can prevent the transport from achieving its goals. The flow-time for hardware may require stimulus, since market forces may be insufficient to ensure timely production. Flight and propulsion control technology will contribute to takeoff gross weight reduction. Similar technology advances are necessary also to ensure flight safety for the transport. The certification basis of the HSCT must be negotiated between airplane manufacturers and government regulators. Efficient, quality design of the transport will require an integrated set of design tools that support the entire engineering design team

Pathway-Based Genomics Prediction using Generalized Elastic Net.

We present a novel regularization scheme called The Generalized Elastic Net (GELnet) that incorporates gene pathway information into feature selection. The proposed formulation is applicable to a wide variety of problems in which the interpretation of predictive features using known molecular interactions is desired. The method naturally steers solutions toward sets of mechanistically interlinked genes. Using experiments on synthetic data, we demonstrate that pathway-guided results maintain, and often improve, the accuracy of predictors even in cases where the full gene network is unknown. We apply the method to predict the drug response of breast cancer cell lines. GELnet is able to reveal genetic determinants of sensitivity and resistance for several compounds. In particular, for an EGFR/HER2 inhibitor, it finds a possible trans-differentiation resistance mechanism missed by the corresponding pathway agnostic approach

Should we attempt global (inlet engine airframe) control design?

The feasibility of multivariable design of the entire airplane control system is briefly addressed. An intermediate step in that direction is to design a control for an inlet engine augmentor system by using multivariable techniques. The supersonic cruise large scale inlet research program is described which will provide an opportunity to develop, integrate, and wind tunnel test a control for a mixed compression inlet and variable cycle engine. The integrated propulsion airframe control program is also discussed which will introduce the problem of implementing MVC within a distributed processing avionics architecture, requiring real time decomposition of the global design into independent modules in response to hardware communication failures

Improving the Reliability and Modal Stability of High Power 870 nm AlGaAs CSP Laser Diodes for Applications to Free Space Communication Systems

The operating characteristics (power-current, beam divergence, etc.) and reliability assessment of high-power CSP lasers is discussed. The emission wavelength of these lasers was optimized at 860 to 880 nm. The operational characteristics of a new laser, the inverse channel substrate planar (ICSP) laser, grown by metalorganic chemical vapor deposition (MOCVD), is discussed and the reliability assessment of this laser is reported. The highlights of this study include a reduction in the threshold current value for the laser to 15 mA and a degradation rate of less than 2 kW/hr for the lasers operating at 60 mW of peak output power

HSCT integrated propulsion control issues

The propulsion control system affects the economics of the HSCT through the mechanisms indicated. Weight reduction is paramount in an aircraft of this type. Significant reductions are possible relative to the SST or even current technology if improvements are made in areas such as high temperature electronics. Dependability is an increasingly important parameter in all aircraft, but the higher capital cost of the HSCT makes it doubly important. Conversely the more difficult HSCT design problem makes it more difficult to achieve. Integration of propulsion controls will make it possible to improve both the static and dynamic performance of the HSCT propulsion system. Noise and emissions requirements may introduce novel control system requirements such as automatically programmed takeoff thrust for noise abatement. Control system development technology is evolving. For HSCT, highly automated and thoroughly validated tools will be required to reliably achieve desired system performance at introduction, and to reduce development costs. A technology plan was developed to prepare for HSCT development. This presentation addresses the portion of the plan required to demonstrate technology readiness for the HSCT in the late 1990's rather than the technology development currently in progress

Kinematics in Kapteyn's Selected Area 76: Orbital Motions Within the Highly Substructured Anticenter Stream

We have measured the mean three-dimensional kinematics of stars in Kapteyn's Selected Area (SA) 76 (l=209.3, b=26.4 degrees) that were selected to be Anticenter Stream (ACS) members on the basis of their radial velocities, proper motions, and location in the color-magnitude diagram. From a total of 31 stars ascertained to be ACS members primarily from its main sequence turnoff, a mean ACS radial velocity (derived from spectra obtained with the Hydra multi-object spectrograph on the WIYN 3.5m telescope) of V_helio = 97.0 +/- 2.8 km/s was determined, with an intrinsic velocity dispersion sigma_0 = 12.8 \pm 2.1 km/s. The mean absolute proper motions of these 31 ACS members are mu_alpha cos (delta) = -1.20 +/- 0.34 mas/yr and mu_delta = -0.78 \pm 0.36 mas/yr. At a distance to the ACS of 10 \pm 3 kpc, these measured kinematical quantities produce an orbit that deviates by ~30 degrees from the well-defined swath of stellar overdensity constituting the Anticenter Stream in the western portion of the Sloan Digital Sky Survey footprint. We explore possible explanations for this, and suggest that our data in SA 76 are measuring the motion of a kinematically cold sub-stream among the ACS debris that was likely a fragment of the same infalling structure that created the larger ACS system. The ACS is clearly separated spatially from the majority of claimed Monoceros ring detections in this region of the sky; however, with the data in hand, we are unable to either confirm or rule out an association between the ACS and the poorly-understood Monoceros structure.Comment: Accepted to ApJ. 48 pages, 20 figures, preprint forma