The Economics of Formula 1

At the end of the 2008 season, Honda withdrew from F1 and planned to turn the attention of its 400 engineers to developing more environmentally friendly cars. In the wake of Honda’s withdrawal, Toyota, and Sauber BMW ar e scheduled to withdraw at the end of 2009 as well. This begs the question of why these mainstream automobile manufacturers are backing out of F1. The F1 market can be viewed as an oligopolistic market which comprises of a small number of strategically interacting players. The decisions made by one player in such a market affect the decisions of the others and vice versa. One of the characteristic features in an oligopolistic market is that firms can create a cartel by adopting a strategy of explicit or even tacit collusion, facilitated by their strategic interaction. The players involved in our case can be identified as the teams which compete in F1 such as Ferrari, McLaren- Mercedes, and Sauber BMW. The Federation Internationale de l’ Auto mobile is commonly know n as the FIA is the overseeing regulatory body in F1. The FIA is responsible for sanctioning of funds and licensing F1 teams

The Economics of Formula 1

At the end of the 2008 season, Honda withdrew from F1 and planned to turn the attention of its 400 engineers to developing more environmentally friendly cars. In the wake of Honda’s withdrawal, Toyota, and Sauber BMW ar e scheduled to withdraw at the end of 2009 as well. This begs the question of why these mainstream automobile manufacturers are backing out of F1. The F1 market can be viewed as an oligopolistic market which comprises of a small number of strategically interacting players. The decisions made by one player in such a market affect the decisions of the others and vice versa. One of the characteristic features in an oligopolistic market is that firms can create a cartel by adopting a strategy of explicit or even tacit collusion, facilitated by their strategic interaction. The players involved in our case can be identified as the teams which compete in F1 such as Ferrari, McLaren- Mercedes, and Sauber BMW. The Federation Internationale de l’ Auto mobile is commonly know n as the FIA is the overseeing regulatory body in F1. The FIA is responsible for sanctioning of funds and licensing F1 teams

Artificial Gravity Conceptual Orbiting Station Design

One of the key challenges of long term human presence for exploration and research in low earth orbit is the microgravity environment. This environment is a key enabler for research on today’s International Space Station (ISS), but is also a major factor contributing to negative effects on the human body and mind. In order to expand the capabilities of a future orbiting station the element of artificial gravity will need to be added. During the summer of 2016 a team of space professionals looked into the design challenges of a large orbiting facility in low Earth orbit. This design challenge was part of the Space Studies Program 2016 of the International Space University, hosted at the Technion Israel Institute of Technology in Haifa. This orbiting facility should not only support microgravity and other space-based research, but also be a place to live, work and visit for much larger numbers of people than current space stations. The Artificial Gravity Conceptual Vehicle Design includes key engineering and design considerations for a crewed low Earth orbit space station, which uses rotation to provide artificial gravity. It will have a center section which will provide a microgravity environment for research and manufacturing, and will also serve as the docking location for the station. This vehicle will be a grand complex. It is designed to be orbited in the 2035 to 2040 timeframe, and it will make living and working in space commonplace. The station will be very large and provide an environment compatible with work and tourism. It is expected that up to 200 people may reside on the complex at any one time. Workers and their families will live onboard. A hotel to house tourists will be part of the complex. There will be schools, stores, green areas with ponds or streams, a cinema, restaurants, etc