The effect of market structure on banks’ interest rate spreads : an empirical analysis of the Norwegian bank market 

In this study we investigate how market structure affects the interest rate spread of banks that provide lending for commercial entities in Norway. We delineate the Norwegian bank market into local commuter belts, and define the commuter belts as either high or low concentration regions depending on their level of market concentration, measured by the Herfindahl-Hirschman Index (HHI). Regions with HHI-levels above 0.20 are defined as high concentration regions whereas regions with HHI-levels equal to and below 0.20 are defined as low concentration regions. We analyze how market concentration, along with other potential determinants, affects the interest rate spread of banks in both high and low concentration regions over the years 1998 – 2008 using panel data regression methods. In high concentration regions, we find that a 0.10 increase in market concentration increases the interest rate spread by 3.64 basis points. However, there is no evidence that market concentration affects interest rate spreads in low concentration regions. Our analysis further reveals that market share, based on loan levels, has a negative impact on the interest rate spread in both high and low concentration regions. The study is based on unique banking data, which we use with permission from the Norwegian Ministry of Finance. The data provides an extensive overview of the Norwegian banking sector from 1998 – 2008

Matrix isolation as a tool for studying interstellar chemical reactions

Since the identification of the OH radical as an interstellar species, over 50 molecular species were identified as interstellar denizens. While identification of new species appears straightforward, an explanation for their mechanisms of formation is not. Most astronomers concede that large bodies like interstellar dust grains are necessary for adsorption of molecules and their energies of reactions, but many of the mechanistic steps are unknown and speculative. It is proposed that data from matrix isolation experiments involving the reactions of refractory materials (especially C, Si, and Fe atoms and clusters) with small molecules (mainly H2, H2O, CO, CO2) are particularly applicable to explaining mechanistic details of likely interstellar chemical reactions. In many cases, matrix isolation techniques are the sole method of studying such reactions; also in many cases, complexations and bond rearrangements yield molecules never before observed. The study of these reactions thus provides a logical basis for the mechanisms of interstellar reactions. A list of reactions is presented that would simulate interstellar chemical reactions. These reactions were studied using FTIR-matrix isolation techniques

Thermophysical property measurements in electromagnetic levitators

Proper measurements of thermophysical properties of hot levitated liquid drops require the following: accurate temperature measurement (brightness measurement, emissivity measurement); precise drop shape measurements with submillisecond time resolution (density determination, rotational and vibrational shape information); precise control of drop shape (high symmetry variable gap levitators); accurate energy transfer measurements (direct measurements of energy transfer rates for defined gas flows over samples with quantitative measurements of energy transfer rates for defined flows over samples with known shapes); and precise measurements of repetitive sample motions (rapid repetitive shape measurements, frequency measurements with reflected laser light, measurements in the levitator and as a freely falling drop). Recent advances in coil design and control of sample rotation in an electromagnetic levitator are discussed with respect to the above requirements

Operations Systems Engineering for the Lunar Flashlight Mission

Lunar Flashlight, a 6U CubeSat developed by NASA\u27s Jet Propulsion Laboratory (JPL) and operated by students at the Georgia Institute of Technology (GT), was launched in December 2022 with a mission to demonstrate novel small satellite technologies, including a first-of-its-kind green monopropellant system, and to map surface water ice in permanently shadowed regions of the lunar south pole using near-infrared laser reflectometry. As operations systems engineers, the GT team has maintained, developed, and refined models of spacecraft subsystems as well as coordinated the project\u27s approach to anomaly response and fault protection. This paper reports how analysis of flight data and post-launch experiences have allowed the team to make more efficient use of the spacecraft\u27s capabilities by taking advantage of margins, synthesizing data, and adapting flight rules and constraints. In-flight anomalies have required substantial rework of the mission\u27s concept of operations, and anomaly management and resolution has leaned heavily on modeling and predictions from the operations systems engineers. The GT operations team has made full use of available data, including telemetry and observed system behavior, to swiftly recognize and address anomalies, support strenuous recovery efforts, and make possible a realignment of the concept of operations despite significant challenges

Preferred orientation in fibers of HiPco single wall carbon nanotubes from diffuse x-ray scattering

Neat Fibers of HiPco single wall carbon nanotubes extruded from strong acid suspensions exhibit preferred orientation along fiber axes. We characterize the extrusion-induced alignment using x-ray fiber diagrams and polarized Raman scattering, using a model which allows for some fraction of the sample to remain completely unaligned. We show that both x-ray and Raman data are required for a complete texture analysis of SWNT fibers

Thermoelectric Power of p-Doped Single-Wall Carbon Nanotubes and the Role of Phonon Drag

We measured thermoelectric power S of bulk single-wall carbon nanotube (SWNT) materials p-doped with acids. In contrast to oxygen-exposed or degassed samples, S is very small at the lowest temperatures, increases super-linearly above a characteristic and sample-dependent T, and then levels off. We attribute this unusual behavior to 1-D phonon drag, in which the depression of the Fermi energy cuts off electron-phonon scattering at temperatures below a characteristic T0. This idea is supported by a model calculation in which the low temperature behavior of phonon drag is specifically related to the one-dimensional character of the electronic spectrum

Single Wall Carbon Nanotube Fibers Extruded from Super-Acid Suspensions: Preferred Orientation, Electrical and Thermal Transport

Fibers of single wall carbon nanotubes extruded from super-acid suspensions exhibit preferred orientation along their axes. We characterize the alignment by x-ray fiber diagrams and polarized Raman scattering, using a model which allows for a completely unaligned fraction. This fraction ranges from 0.17 to 0.05±0.02 for three fibers extruded under different conditions, with corresponding Gaussian full widths at half-maximum (FWHM) from 64o to 44o±2o. FWHM, aligned fraction, electrical and thermal transport all improve with decreasing extrusion orifice diameter. Resistivity, thermoelectric power and resonant-enhanced Raman scattering indicate that the neat fibers are strongly p-doped; the lowest observed ρ is 0.25mΩcm at 300 K. High temperature annealing increases ρ by more than 1 order of magnitude and restores the Raman resonance associated with low-energy van Hove transitions, without affecting the nanotube alignment