Antitrust and payment technologies

Antitrust law ; Payment systems

Why Tie A Product Consumers Do Not Use?

This paper provides a new explanation for tying that is not based on any of the standard explanations -- efficiency, price discrimination, and exclusion. Our analysis shows how a monopolist sometimes has an incentive to tie a complementary good to its monopolized good in order to transfer profits from a rival producer of the complementary product to the monopolist. This occurs even when consumers -- who have the option to use the monopolist's complementary good -- do not use it. The tie is profitable because it alters the subsequent pricing game between the monopolist and the rival in a manner favorable to the monopolist. We show that this form of tying is socially inefficient, but interestingly can arise only when the tie is socially efficient in the absence of the rival producer. We relate this inefficient form of tying to several actual examples and explore its antitrust implications.

Euler flow predictions for an oscillating cascade using a high resolution wave-split scheme

A compressible flow code that can predict the nonlinear unsteady aerodynamics associated with transonic flows over oscillating cascades is developed and validated. The code solves the two dimensional, unsteady Euler equations using a time-marching, flux-difference splitting scheme. The unsteady pressures and forces can be determined for arbitrary input motions, although only harmonic pitching and plunging motions are addressed. The code solves the flow equations on a H-grid which is allowed to deform with the airfoil motion. Predictions are presented for both flat plate cascades and loaded airfoil cascades. Results are compared to flat plate theory and experimental data. Predictions are also presented for several oscillating cascades with strong normal shocks where the pitching amplitudes, cascade geometry and interblade phase angles are varied to investigate nonlinear behavior

The Dennis-Smith Debate On Divorce and Remarriage

https://digitalcommons.acu.edu/crs_books/1122/thumbnail.jp

Observation of collapse of pseudospin order in bilayer quantum Hall ferromagnets

The Hartree-Fock paradigm of bilayer quantum Hall states with finite tunneling at filling factor $\nu$=1 has full pseudospin ferromagnetic order with all the electrons in the lowest symmetric Landau level. Inelastic light scattering measurements of low energy spin excitations reveal major departures from the paradigm at relatively large tunneling gaps. The results indicate the emergence of a novel correlated quantum Hall state at $\nu$=1 characterized by reduced pseudospin order. Marked anomalies occur in spin excitations when pseudospin polarization collapses by application of in-plane magnetic fields.Comment: ReVTeX4, 4 pages, 3 EPS figure

Robust Controller Synthesis Using the Maximum Entropy Design Equations

Peer Reviewedhttp://deepblue.lib.umich.edu/bitstream/2027.42/57847/1/MaxEntRobustControlTAC1986.pd