United Kingdom Regulation of Transnational Corporate Concentration

This article begins by describing the United Kingdom\u27s policy toward outward and inward direct investment and then sets out the essentials of the competition laws that are among the major, nondiscriminatory regulatory mechanisms that affect corporate behavior and planning. The article also analyzes the development of competition policy as a microeconomic instrument along with its application to monopoly, oligopoly, and cartels involving transnational corporations. Competition policy, except for cartels, is shown to be relatively benign toward mergers until recently, and with respect to monopoly and oligopoly has sought remedies in regulation of prices and behavior rather than through structural change. Recent proposals, including a new Competition Act, are described. The analysis will show that although transnational corporations have been prominent in competition policy enforcement, substantial detriments arising from their transnational nature have not yet been identified, despite the presence of adverse effects on the public interest. Traditional fears associated with foreign investment in the United Kingdom do not, therefore, seem to be justified, insofar as the abuse of market power is concerned. In practice, the United Kingdom has relied principally on an effective tax system and competitive markets to ensure an equitable distribution of the gains from foreign direct investment, and there has been relatively little interference with inward flows of capital

Empirical constraints on vacuum decay in the stringy landscape

It is generally considered as self evident that the lifetime of our vacuum in the landscape of string theory cannot be much shorter than the current age of the universe. Here I show why this lower limit is invalid. A certain type of ``parallel universes'' is a necessary consequence of the string-landscape dynamics and might well allow us to ``survive'' vacuum decay. As a consequence our stringy vacuum's lifetime is empirically unconstrained and could be very short. Based on this counter-intuitive insight I propose a novel type of laboratory experiment that searches for an apparent violation of the quantum-mechanical Born rule by gravitational effects on vacuum decay. If the lifetime of our vacuum should turn out to be shorter than 6 x 10^{-13} seconds such an experiment is sufficiently sensitive to determine its value with state-of-the-art equipment.Comment: 13 pages, 2 figures, proposes a laboratory experimen

POWERLIB: SAS/IML Software for Computing Power in Multivariate Linear Models

The POWERLIB SAS/IML software provides convenient power calculations for a wide range of multivariate linear models with Gaussian errors. The software includes the Box, Geisser-Greenhouse, Huynh-Feldt, and uncorrected tests in the "univariate" approach to repeated measures (UNIREP), the Hotelling Lawley Trace, Pillai-Bartlett Trace, and Wilks Lambda tests in "multivariate" approach (MULTIREP), as well as a limited but useful range of mixed models. The familiar univariate linear model with Gaussian errors is an important special case. For estimated covariance, the software provides confidence limits for the resulting estimated power. All power and confidence limits values can be output to a SAS dataset, which can be used to easily produce plots and tables for manuscripts.

POWERLIB: SAS/IML Software for Computing Power in Multivariate Linear Models

The POWERLIB SAS/IML software provides convenient power calculations for a wide range of multivariate linear models with Gaussian errors. The software includes the Box, Geisser-Greenhouse, Huynh-Feldt, and uncorrected tests in the "univariate" approach to repeated measures (UNIREP), the Hotelling Lawley Trace, Pillai-Bartlett Trace, and Wilks Lambda tests in "multivariate" approach (MULTIREP), as well as a limited but useful range of mixed models. The familiar univariate linear model with Gaussian errors is an important special case. For estimated covariance, the software provides confidence limits for the resulting estimated power. All power and confidence limits values can be output to a SAS dataset, which can be used to easily produce plots and tables for manuscripts

Algal growth and weathering crust state drive variability in western Greenland Ice Sheet ice albedo

One of the primary controls upon the melting of the Greenland Ice Sheet (GrIS) is albedo, a measure of how much solar radiation that hits a surface is reflected without being absorbed. Lower-albedo snow and ice surfaces therefore warm more quickly. There is a major difference in the albedo of snow-covered versus bare-ice surfaces, but observations also show that there is substantial spatio- temporal variability of up to ∼0.4 in bare-ice albedo. Variability in bare-ice albedo has been attributed to a number of processes including the accumulation of light-absorbing impurities (LAIs) and the changing physical properties of the near-surface ice. However, the combined impact of these processes upon albedo remains poorly constrained. Here we use field observations to show that pigmented glacier algae are ubiquitous and cause surface darkening both within and outside the south-west GrIS “dark zone” but that other factors including modification of the ice surface by algal bloom presence, surface topography and weathering crust state are also important in determining patterns of daily albedo variability. We further use observations from an unmanned aerial system (UAS) to examine the scale gap in albedo between ground versus remotely sensed measurements made by Sentinel-2 (S- 2) and MODIS. S-2 observations provide a highly conservative estimate of algal bloom presence because algal blooms occur in patches much smaller than the ground resolution of S-2 data. Nevertheless, the bare-ice albedo distribution at the scale of 20 m×20 m S-2 pixels is generally unimodal and unskewed. Conversely, bare-ice surfaces have a left-skewed albedo distribution at MODIS MOD10A1 scales. Thus, when MOD10A1 observations are used as input to energy balance modelling, meltwater production can be underestimated by ∼2  %. Our study highlights that (1) the impact of the weathering crust state is of similar importance to the direct darkening role of light-absorbing impurities upon ice albedo and (2) there is a spatial-scale dependency in albedo measurement which reduces detection of real changes at coarser resolutions