How to Win Twice at an Auction. On the Incidence of Commissions in Auction Markets

We analyze the welfare consequences of an increase in the commissions charged by the organizer of an auction. Commissions are similar to taxes imposed on buyers and sellers and the economic problem that results looks similar to the question of tax incidence in consumer economics. We argue, however, that auction markets deserve a separate treatment. Indeed we show that an increase in commissions makes sellers worse off, but some (or all) buyers may gain. The results are therefore strikingly different from the standard result that all consumers lose after a tax or a commission increase. We apply our results to comment on the class action against Christie’s and Sotheby’s and argue that the method used to distribute compensations was misguided.Auction, Intermediation, Commissions, Welfare

Hybrid Eulerian-Lagrangian method for soot modelling applied to ethylene-air premixed flames

International audienceSoot formation has become an important issue in the design of gas turbine combustors due to its environmental impact and its contribution to radiative heat transfer in the combustion chamber. However, efficient and accurate prediction of soot particles formation, growth, oxidation and interaction in gas turbine combustors is still an open field in computational fluid dynamics. The present approach proposes to combine a reduced gas-phase chemistry, a sectional model for polycyclic aromatic hydrocarbons, and a Lagrangian description of soot particles dynamics. The Lagrangian description has been chosen for its ability to simulate the evolution of the particle size distribution. A numerical procedure is proposed to minimise its CPU cost. This approach was successfully applied to the simulation of steady laminar premixed ethylene-air flames at three fuel equivalence ratios, which constitutes a prerequisite towards its use in an aeronautical combustion chamber.La formation de particules de suie constitue un enjeu du design des moteurs aéronautiques, du fait des contraintes environnementales croissantes dans l'industrie des transports et de la contribution importante des suies au rayonnement dans les chambres de combustion. Toutefois, en CFD, il n'existe actuellement aucune méthode à la fois précise et efficace pour la prédiction de la formation, de la croissance et de l'oxydation des particules de suie. Ainsi, l'approche présentée ici propose de décrire la chimie en phase gazeuse par un mécanisme réactionnel réduit combiné à un modèle sectionnel pour les hydrocarbures aromatiques polycycliques (PAH), et d'y coupler une description Lagrangienne de la dynamique des particules de suie. La description Lagrangienne est en effet très utile pour simuler l'évolution de la distribution en taille des particules. Une méthode numérique de réduction de population permet également ici de réduire le coût CPU du solveur Lagrangien. L'approche a été appliquée avec succès à la simulation de flammes laminaires stationnaires de prémélange à trois richesses différentes, ce qui constitue une première étape vers l'application à un foyer aéronautique

On the calibration of a superconducting gravimeter using absolute gravity measurements

International audienceA 24 hr continuous parallel registration between an absolute free-fall gravimeter and a relative cryogenic gravimeter is analysed. Different adjustment procedures (L,, L2 norms) are applied to the sets of absolute and relative readings in order to estimate the value of the calibration factor of the superconducting meter, as well as its uncertainty. In addition, a sensitivity test is performed to investigate the influence of some parameters (like the laser frequency and its short-term drift) upon this factor. The precision in the calibration factor is found to be better than 1 per cent, but systematic effects related to the short time interval may add another one and half per cent uncertainty. From preliminary results, it appears that this calibration experiment leads to a close agreement between the values of the gravimetric factor for the reference tidal wave O1 observed with the superconducting meter and the theoretical value (Dehant-Wahr body tide + ocean loading)

Is activation of the vestibular system by electromagnetic induction a possibility in an MRI context?

In recent years, an increasing number of studies have discussed the mechanisms of vestibular activation in strong magnetic field settings such as occur in a magnetic resonance imaging scanner environment. Amid the different hypotheses, the Lorentz force explanation currently stands out as the most plausible mechanism, as evidenced by activation of the vestibulo‐ocular reflex. Other hypotheses have largely been discarded. Nonetheless, both human data and computational modeling suggest that electromagnetic induction could be a valid mechanism which may coexist alongside the Lorentz force. To further investigate the induction hypothesis, we provide, herein, a first of its kind dosimetric analysis to estimate the induced electric fields at the vestibular system and compare them with what galvanic vestibular stimulation would generate. We found that electric fields strengths from induction match galvanic vestibular stimulation strengths generating vestibular responses. This review examines the evidence in support of electromagnetic induction of vestibular responses, and whether movement‐induced time‐varying magnetic fields should be further considered and investigated

Dual mode transducers based on cMUTs technology

International audienceMore and more medical ultrasonic applications are strongly interested by the development of dual acoustic sources enable to emit high frequency ultrasound (echographic imaging) and low frequency pressure field (therapeutic ultrasounds). The use of the piezoelectricity to fabricate such device requires overcoming strong technological bottlenecks. The objective of this paper is to demonstrate that the technology of capacitive micro-machined ultrasonic transducer is able to take up this challenge. To this end a demonstrator was designed and manufactured. The first part of the paper is devoted to the design of the low and high frequency cMUTs. For the low acoustic source, a dedicated time domain model was used, taking into account the nonlinearity of the cMUT. Several simulations were conducted to optimize the emitted pressure field intensity at 1 MHz for a set of diaphragm with different sizes and geometries. The high frequency source was designed on the help of a linear model, where output parameters were central frequency, bandwidth and collapse voltage. The second part of this paper reports a set of characterization results and performances of the fabricated device: electrical impedance, mechanical displacements performed in water and acoustic pressure fields

Meningitis Serogroup W135 Outbreak, Burkina Faso, 2002

In 2002, the largest epidemic of Neisseria meningitidis serogroup W135 occurred in Burkina Faso. The highest attack rate was in children <5 years of age. We describe cases from 1 district and evaluate the performance of the Pastorex test, which had good sensitivity (84%) and specificity (89%) compared with culture or PCR

Correlation of cytomorphology and histopathology in the diagnostic process of myeloid malignancies

Bone marrow cytomorphology and histopathology are the cornerstones for the initial diagnosis of myelodysplastic syndromes (MDS) and other related myeloid disorders. They provide a rapid first insight into diagnostic categories and thus help in clinical decision making. However, difficulties in the morphologic assessment of MDS exist due to inter- and intra-observer variability. In this study, we directly compared the results of cytomorphology and histopathology obtained in a real-world diagnostic scenario in 90 patients with myeloid malignancies aiming to evaluate their validity for diagnosing and classifying various myeloid malignancies. While both techniques placed 80% of our bone marrow samples into the same diagnostic category and thus showed a good correlation, our study also demonstrates the limitations in correlating marrow cytomorphology and histopathology, even following stringent and repetitive diagnostic assessments. This was particularly true for CMML, where not only additional diagnostic tools such as molecular genetics or clinical evaluation but also the analysis of the peripheral blood smears aided in finding the correct diagnosis. Overall, our data emphasize the need for a comprehensive diagnostic review in a patient-for-patient setting when a myeloid malignancy is suspected or confirmed. We propose that the combination of cytomorphologic and histopathologic assessment with clinical, laboratory, and genetic parameters is essential in achieving high diagnostic accuracy in an interdisciplinary setting