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

Slug temperature after H{sub 2}O stoppage

On the basis of numerous rough calculations it has generally been assumed that if the water flow to a tube were to stops while pile operation continued. The tube central temperature would increase in a matter of seconds to dangerously high values. In several seconds the water around the central slugs would flash to steam, shortly thereafter the aluminum cans would melt and this would give good contact between the slug and the tube which would quickly melt. The bare uranium would react with the steam and possibly the pile gas atmosphere. Radioactive Xenon and fission products would be spread through the gas system, and the molten aluminum and uranium would fill up all of the cracks in the graphite and the tube would be impossible to discharge by all normal methods after the pile is shut down. If the pile were operated with this tube blocked off there would still be the problem of exceedingly high graphite temperatures around it, and the spread of contamination in the gas system. Because these problems are expected with an undetected water failure in a pile, where the operation is maintained, a program is underway to ensure proper and sufficient tube instrumentation to scram the pile before boiling starts in a tube. A recent report of the Design Section concluded that the uranium would not melt until 10 minutes after loss of water rather than the one minute previously expected. In this Design report a derivation is presented giving the increase in graphite bore temperature above the lattice boundary temperature during the unsteady state period of graphite temperature increase

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