Conspicuous Consumption, Pure Profits, and the Luxury Tax

We examine a model of conspicuous consumption and explore the nature of competition in markets for conspicuous goods. We assume that, in addition to intrinsic utility, individuals seek status, and that perceptions of wealth affect status. Under identifiable conditions, the model generates Veblen effects: utility is positively related to the price of the good consumed. Equilibria are then characterized by the existence of "budget' brands (which are sold at a price equal to marginal cost), as well as 'luxury" brands (which are sold at a price above marginal cost, despite the fact that producers are perfectly competitive). Luxury brands are not intrinsically superior to budget brands but are purchased by consumers who seek to signal high levels of wealth. Within the context of this model, an appropriately designed luxury tax is a non-distortionary tax on pure profits.

McScatter: a Simple Three-Body Scattering Package with Stellar Evolution

We describe a simple computer package which illustrates a method of combining stellar dynamics with stellar evolution. Though the method is intended for elaborate applications (especially the dynamical evolution of rich star clusters) it is illustrated here in the context of three-body scattering, i.e. interactions between a binary star and a field of single stars. We describe the interface between the dynamics and the two independent packages which describe the internal evolution of single stars and binaries. We also give an example application, and introduce a stand alone utility for the visual presentation of simulation results.Comment: 16 pages, Accepted for publication in New Astronomy. Source codes available at: http://manybody.org/manybody/McScatter.html and http://www.manybody.org/manybody/roche.htm

Characterising soil structural stability and form of sodic soil used for cotton production

In eastern Australia, Vertosols are widely utilised for the production of irrigated cotton (Gossypium hirsutum) due to their inherent fertility and large water–holding capacity. However, irrigated agriculture in eastern Australia is faced with a decline in the availability of good quality irrigation water sources i.e. waters with low electrolyte concentrations and small Na+ contributions. Consequently, alternative water resources that contain larger contributions of Na+ are becoming increasingly relevant as potential irrigation sources. It is known that the application of Na+ rich waters as irrigation has the potential to increase the Na+ content of the soil, and that this will affect the structural condition of Vertosols. However, the extent to which these poor quality water resources will influence the structural characteristics of different Vertosols is unknown. In addition to this knowledge gap, there is currently no suitable predictor of dispersive behaviour for this soil type, particularly where Vertosols are irrigated with different water quality solutions. The research conducted in this study aimed to characterise the impact of different increments of water quality on the structural stability of different Vertosols. Once this was concluded, the study looked to assess the impact of irrigation water quality on the structural stability, structural form and soil water retention properties of intact soil columns. Knowledge of the structural stability of the soils investigated was then used to derive a model describing the impact of water quality on the structural stability of different cotton producing soils. To achieve the aims nine different soil profiles were sampled from the Bourke, lower Gwydir, Hillston and lower Namoi cotton–producing regions. Eight of these soils are Grey and Black Vertosols with clay phyllosilicate suites dominated to different extents by 2:1 expanding clays, and the ninth soil is an illitic Red Vertosol containing small contributions of 2:1 expanding clays. The soils investigated have ESPs that range between 1 and 10, ECs of 0.1 to 1.2 dS m-1 and CECeff values that are largest for those soils that contain more 2:1 expanding clays. This study shows that the clay phyllosilicate suite of different Vertosols is the primary determinant of structural stability, structural form and soil water retention properties. For example, the Gwydir and Namoi soils contain more 2:1 expanding lattice phyllosilicate clays, have the largest CECeff values of all nine soils and are the most dispersive after all applied immersion treatments. The Bourke and Hillston soils contain less 2:1 expanding lattice clay, have smaller CECeff values and are generally more stable. Irrigation of structurally–intact soils with solutions of larger SARw resulted in larger exchangeable Na+ contents for each soil (and larger ESPs) and smaller contributions of exchangeable Ca2+ and Mg2+. For each soil, larger ESPs are reflected by decreased stability, but generally the soils dominated by 2:1 expansive clays are much less stable than the soils containing smaller contributions of these clay mineral types. Irrigating the structurally–intact Vertosols dominated by 2:1 expansive clays generally resulted in structural form attributes that do not indicate any impact of the applied water treatments, but the Vertosols with less of these mineral types tend to have less desirable structural form attributes after irrigation with solutions of larger Na+ content. Similarly, where the water retention properties of two soils were assessed, the illitic Red Vertosol has less structural pore space after treatment using the large SARw solutions, while the other soil (a Black Vertosol dominated by 2:1 expansive clays) does not show any differences between water retention properties that can be linked to irrigation water quality. These results were clarified for the water retention properties by the assessment of pore–solid space relations, which show both these soils to contain less solid space after irrigation with clean water or solutions of large SARw. This is attributed to increased swelling of clays in the presence of larger Na+ contributions, but both soils have different structural arrangements as shown by the water retention properties and structural form assessment. The red illitic Vertosol shows signs of structural collapse, while the black Vertosol maintains its structural arrangement. Finally, a model describing the structural stability of different Vertosols was developed from the stability assessment of soils, both in different water quality treatments and after the irrigation of structurally–intact columns. The model presented uses a surface response function to describe the impact of increased ECw and SARw of irrigation solutions on soil stability after immersion according to specific soil physico–chemical attributes. In this model increased exchangeable Na+, SAR and a larger CECeff (and consequently, an increased proportion of 2:1 swelling clays) are associated with increases in clay dispersion, while a smaller Ca2+:Mg2+ ratio, EC and less total clay are associated with decreases in clay dispersion

Dual Enrollment And Its Impact on College Freshman Persistence: A Modification of Tinto\u27s Model of Student Departure

The purpose of this study was to investigate the extent to which dual enrollment programs directly or indirectly influenced persistence behavior at a small, public liberal arts university in the Midwest. Dual enrollment in this study broadly refers to high school students who take college courses for college credit. The second purpose was to explore the underlying processes whereby dual enrollments programs serve as a transition bridge for matriculating students. This study employed a longitudinal case study using two survey questionnaires, four focus groups, and institutional data collected by the college. The subjects that participated in the study were first-year freshman. The class survey questionnaires were administered to 172 students (37% of the total freshman class). Five indices were created: dual enrollment, degree aspiration, institutional commitment, social integration, and academic integration. The results of this study add to the emerging literature on dual enrollment programs and how they influence persistence behavior. In the study, there was a weak yet positive association between mother\u27s and father\u27s education and social integration. The study also found a weak yet positive association between the degree of dual enrollments experiences and academic integration. With social integration as a predictor variable, there was a modest contribution to the dependent variable of persistence. Finally, the study found that academic integration provided a weak contribution to the likelihood that a student would persist

What do gas-rich galaxies actually tell us about modified Newtonian dynamics?

It has recently been claimed that measurements of the baryonic Tully-Fisher relation (BTFR), a power-law relationship between the observed baryonic masses and outer rotation velocities of galaxies, support the predictions of modified Newtonian dynamics for the slope and scatter in the relation, while challenging the cold dark matter (CDM) paradigm. We investigate these claims, and find that: 1) the scatter in the data used to determine the BTFR is in conflict with observational uncertainties on the data; 2) these data do not make strong distinctions regarding the best-fit BTFR parameters; 3) the literature contains a wide variety of measurements of the BTFR, many of which are discrepant with the recent results; and 4) the claimed CDM "prediction" for the BTFR is a gross oversimplification of the complex galaxy-scale physics involved. We conclude that the BTFR is currently untrustworthy as a test of CDM.Comment: 5 pages, 2 figures; minor revisions to match published versio