The Effect of Bankruptcy Laws on the Valuation of Risky Consumer Debt

In a market setting with perfect information, a consumer recognizes that he can influence the state-contingent returns, and hence the pric, of his risky debt by the decision variables that determine the collateral and promised payments. This paper examines the effect of bankruptcy laws on the feasible consumption opportunities of borrowers and lenders in order to determine the necessary requirements for the bilateral debt market to be perfectly competitive.Peer Reviewedhttp://deepblue.lib.umich.edu/bitstream/2027.42/72017/1/j.1540-6288.1989.tb00348.x.pd

Hidden politics of power and governmentality in transitional justice and peacebuilding:The problem of ‘bringing the local back in’

This paper examines ‘the local’ in peacebuilding by examining how ‘local’ transitional justice projects can become spaces of power inequalities. The paper argues that focusing on how ‘the local’ contests or interacts with ‘the international’ in peacebuilding and post-conflict contexts obscures contestations and power relations amongst different local actors, and how inequalities and power asymmetries can be entrenched and reproduced through internationally funded local projects. The paper argues that externally funded projects aimed at emancipating ‘locals’ entrench inequalities and create local elites that become complicit in governing the conduct and participation of other less empowered ‘locals’. The paper thus proposes that specific local actors—often those in charge of externally funded peacebuilding projects—should also be conceptualised as governing agents: able to discipline and regulate other local actors’ voices and their agency, and thus (re)construct ideas about what ‘the local’ is, or is not

SPECTROSCOPY OF CARBON CLUSTER ANIONS IN ARGON MATRICES

$^{a}$P.Freivogel, J.Fulara, M.J.Jakobi, D.Forney, and J.P.Maier, J. Chem. Phys. 130, 54(1995)Author Institution: Department of Chemistry, University of FloridaCarbon cluster anions ($C_{2a}$ with n=3-18) have been generated via a laser-induced graphite/Ar plasma with low energy electron beam access. The negative carbon cluster ions, partially extracted from a vaporization region, were trapped in an argon matrix at 20K. Absorption bands have been observed from 615 8nm to 6097.5nm. Shorter wavelength bands correspond well to the Ne matrix-isolated, mass selected $C_{6}^{-}$ through $C_{20}^{-}$ cluster bands observed by Maier and coworkers $^{a}$. Longer wavelength bands fit the $0^{\prime\prime}_{0}$ electronic transitions expected by free electron molecular orbital (FEMO) model for the even carbon anion linear chain series well and extend it to $C_{36}^{-}$. The asymmetric mode frequencies for small carbon cluster anions will be reported. The significance of these measurements for observations from unknown species in interstellar space will be discussed