Illinois Walls: how barring indirect purchaser suits facilitates collusion

In its landmark ruling in Illinois Brick Co. v. Illinois, the U.S. Supreme Court restricted standing to sue for recovery of damages su¤ered from a breach of federal antitrust law to direct purchasers only. Even though typically antitrust injury is, at least in part, passed on to firms lower in the production chain and ultimately to consumers, Illinois Brick is binding precedent in a majority of states. In this paper, we draw attention to a strategic abuse of the rule as a shield against antitrust damages claims. We show that Illinois Brick facilitates upstream firms to engage horizontally in a collusive arrangement by focussing concealed vertical side-payments to discourage civil action on their direct purchasers only. Downstream firms are passed part of the upstream cartel profits through a symmetric rationing of their inputs at low prices. This Illinois Wall arrangement sustains collusion in the production chain, substantially reducing total welfare. The more competitive the up- and downstream industries otherwise are, the more scope there is for the arrangement. Illinois Walls are shown to be resilient to entry, as well as to variations in the legal system. Several recent U.S. cartel cases display Illinois Wall symptoms

COCARDE: new view on old mounds – an international network of carbonate mound research

EGU2012-12550 Carbonate mounds are important contributors of life in different settings, from warm-water to cold-water environments, and throughout geological history. Research on modern cold-water coral carbonate mounds over the last decades made a major contribution to our overall understanding of these particular sedimentary systems. By looking to the modern carbonate mound community with cold-water corals as main framework builders, some fundamental questions could be addressed, until now not yet explored in fossil mound settings. The international network COCARDE (http://www.cocarde.eu) is a platform for exploring new insights in carbonate mound research of recent and ancient mound systems. The aim of the COCARDE network is to bring together scientific communities, studying Recent carbonate mounds in midslope environments in the present ocean and investigating fossil mounds spanning the whole Phanerozoic time, respectively. Scientific challenges in modern and ancient carbonate mound research got well defined during the ESF Magellan Workshop COCARDE in Fribourg, Switzerland (21.–24.01.2009). The Special Volume Cold-water Carbonate Reservoir systems in Deep Environments – COCARDE (Marine Geology, Vol. 282) was the major outcome of this meeting and highlights the diversity of Recent arbonate mound studies. The following first jointWorkshop and Field Seminar held in Oviedo, Spain (16.–20.09.2009) highlighted ongoing research from both Recent and fossil academic groups integrating the message from the industry. The field seminar focused on mounds from the Carboniferous platform of Asturias and Cantabria, already intensively visited by industrial and academic researchers. However, by comparing ancient, mixed carbonate-siliciclastic mound systems of Cantabria with the Recent ones in the Porcupine Seabight, striking similarities in their genesis and processes in mound development asked for an integrated drilling campaign to understand better the 3D internal mound build-up. The Oviedo Workshop and Field Seminar led to the submission of a White Paper on Carbonate Mound Drilling and the initiation of the ESF European Research Network Programme Cold-Water Carbonate Mounds in Shallow and Deep Time – The European Research Network (COCARDE-ERN) launched in June 2011. The second COCARDE Workshop and Field Seminar was held in Rabat, Morocco (24.–30.10.2011) and thematically focussed on carbonate mounds of(f) Morocco. The compact workshop invited students from Moroccan Universities to experience ongoing carbonate mound research in Recent and Ancient environments of Morocco. Two Round Tables discussed innovative approaches in carbonate mound research in Morocco (Recent vs. Ancient - offshore vs. onshore) and reviewed together with oil industry opportunities of international collaboration. The outcome of this workshop will lead into joint research projects, drilling campaigns on- and offshore, and expansion of COCARDE onto the African continent

Sr/Ca ratios in cold-water corals - a ’low-resolution’ temperature archive?

One of the basic data to understand global change and past global changes is the measurement and the reconstruction of temperature of marine water masses. E.g. seawater temperature controls the density of seawater and in combination with salinity is the major driving force for the oceans circulation system. Geochemical investigations on cold-water corals Lophelia pertusa and Desmophyllum cristagalli indicated the potential of these organisms as high-resolution archives of environmental parameters from intermediate and deeper water masses (Adkins and Boyle 1997). Some studies tried to use cold-water corals as a high-resolution archive of temperature and salinity (Smith et al. 2000, 2002; Blamart et al. 2005; Lutringer et al. 2005). However, the fractionation of stable isotopes (delta18O and delta13C) and element ratios (Sr/Ca, Mg/Ca, U/Ca) are strongly influenced by vital effects (Shirai et al. 2005; Cohen et al. 2006), and difficult to interpret. Nevertheless, ongoing studies indicate the potential of a predominant temperature dependent fractionation of distinct isotopes and elements (e.g. Li/Ca, Montagna et al. 2008; U/Ca, Mg/Ca, delta18O, Lòpez Correa et al. 2008; delta88/86Sr, Rüggeberg et al. 2008).Within the frame of DFG-Project TRISTAN and Paläo-TRISTAN (Du 129/37-2 and 37-3) we investigated live-collected specimens of cold-water coral L. pertusa from all along the European continental margin (Northern and mid Norwegian shelves, Skagerrak, Rockall and Porcupine Bank, Galicia Bank, Gulf of Cadiz, Mediterranean Sea). These coral samples grew in waters characterized by temperatures between 6°C and 14°C. Electron Microprobe investigations along the growth direction of individual coral polyps were applied to determine the relationship between the incorporation of distinct elements (Sr, Ca, Mg, S). Cohen et al. (2006) showed for L.pertusa from the Kosterfjord, Skagerrak, that ~25% of the coral’s Sr/Ca ratio is related to temperature, while 75% are influenced by the calcification rate of the organism. However, the Sr/Ca-temperature relation of our L. pertusa specimens suggest, that mean values are more reliable for temperature reconstruction along a larger temperature range than local high-resolution investigations. Additionally, our results plot on same line of Sr/Ca-temperature relationship like tropical corals indicating a similar behaviour of element incorporation during calcification

Manufacturing improvements project and its impact on financial outcome

In response to changes in the external conditions of the oil and gas processing industry, the requirements for the equipment of the oil refinery are forced to change, which calls for the implementation of investment projects. The article considers the data on the implementation of the project for the reconstruction of the primary oil refinery, shows its main technical and economic indicators, examines the direction of the project's impact on the financial performance of the enterprise as a whole

COCARDE: A research platform for a new look to ancient mounds

Carbonate mounds are important contributors of life in different settings, from warm-water to cold-water environments, and throughout geological history. Research on modern carbonate mounds over the last years made a major contribution to our overall understanding of these particular sedimentary systems. By looking to the modern carbonate mound community, some fundamental questions could be addressed, until now not yet explored in fossil mound settings.The international network COCARDE (Cold-Water Carbonate Reservoir Systems in Deep Environment) is a platform for exploring new insights in cold- and warm-water carbonate mound research of recent and ancient mound systems (http://www.cocarde.eu). One aim of the COCARDE network is to bring scientific communities together, to study recent carbonate mounds in midslope environments in the present ocean, and to investigate fossil mounds spanning the whole Phanerozoic time.Scientific challenges on modern and ancient carbonate mound systems got already well defined during two dedicated workshops of the COCARDE network: 1) the ESF Magellan COCARDEWorkshop in Fribourg, Switzerland, January 21-24, 2009, and 2) the ESF MiCROSYSTEMS – FWO COCARDE Flanders – ESF CHECREEF Workshop and Field Seminar, Oviedo, Spain, September 16–20, 2009.The wide spectrum of disciplines in geosciences and biology are summarized in the following five topics for the carbonate mound research: i) Palaeoenvironment; ii) The Microbial Filter; iii) Petrophysical Characterization; iv) Connectivity and Compartmentalization – the Fluid System; v) Advancing our Insight in Phanerozoic Reef Systems– the Slope Niche. One of the most important outcomes of these meetings was the identification of the need for combined research efforts on fossil and modern carbonate settings to provide the baseline reference standard for a better understanding of these exceptional systems and their potential as hydrocarbon reservoirs

Benthic foraminifera in a deep-sea high-energy environment: the Moira Mounds (Porcupine Seabight, SW of Ireland)

Cold-water coral ecosystems represent unique and exceptionally diverse environments in the deep-sea. They are well developed along the Irish margin, varying broadly in shape and size. The Moira Mounds, numerous small-sized mounds, are nestled in the Belgica Mound Province (Porcupine Seabight, North-East Atlantic). The investigation of living (Rose Bengal stained) and dead benthic foraminiferal assemblages from these mounds allowed to describe their distribution patterns and to evaluate their response to environmental variability. Quantitative data was statistically treated to define groups of species/genera associated to specific habitats. The Moira Mounds differ from their larger neighbours by the reduced spatial variability of benthic foraminiferal assemblages, living assemblages only distinguishing coral-rich and coral-barren areas. The ecological needs of corals are highlighted by the abundance of Alabaminella weddellensis and Nonionella iridea, phytodetritus-feeding species in coral supporting sediments. Living foraminifera in sediments from the Moira Mounds concentrate in the upper first centimetre. Infaunal species may be affected by bioturbation and/or reworking by the strong currents in the area. Dead foraminiferal assemblages from the Moira Mounds resemble those described for the sandwave facies in adjacent giant mounds, suggesting similar processes in facies deposition

Solenosmilia variabilis-bearing cold-water coral mounds off Brazil

Cold-water corals (CWC), dominantly Desmophyllum pertusum (previously Lophelia pertusa), and their mounds have been in the focus of marine research during the last two decades; however, little is known about the mound-forming capacity of other CWC species. Here, we present new 230Th/U age constraints of the relatively rarely studied framework-building CWC Solenosmilia variabilis from a mound structure off the Brazilian margin combined with computed tomography (CT) acquisition. Our results show that S. variabilis can also contribute to mound formation, but reveal coral-free intervals of hemipelagic sediment deposits, which is in contrast to most of the previously studied CWC mound structures. We demonstrate that S. variabilis only occurs in short episodes of < 4 kyr characterized by a coral content of up to 31 vol%. In particular, it is possible to identify distinct clusters of enhanced aggradation rates (AR) between 54 and 80 cm ka−1. The determined AR are close to the maximal growth rates of individual S. variabilis specimens, but are still up to one order of magnitude smaller than the AR of D. pertusum mounds. Periods of enhanced S. variabilis AR predominantly fall into glacial periods and glacial terminations that were characterized by a 60–90 m lower sea level. The formation of nearby D. pertusum mounds is also associated with the last glacial termination. We suggest that the short-term periods of coral growth and mound formation benefited from enhanced organic matter supply, either from the adjacent exposed shelf and coast and/or from enhanced sea-surface productivity. This organic matter became concentrated on a deeper water-mass boundary between South Atlantic Central Water and the Antarctic Intermediate Water and may have been distributed by a stronger hydrodynamic regime. Finally, periods of enhanced coral mound formation can also be linked to advection of nutrient-rich intermediate water masses that in turn might have (directly or indirectly) further facilitated coral growth and mound formation

Living on the edge: environmental variability of a shallow late Holocene cold-water coral mound

Similar to their tropical counterparts, cold-water corals (CWCs) are able to build large three-dimensional reef structures. These unique ecosystems are at risk due to ongoing climate change. In particular, ocean warming, ocean acidification and changes in the hydrological cycle may jeopardize the existence of CWCs. In order to predict how CWCs and their reefs or mounds will develop in the near future one important strategy is to study past fossil CWC mounds and especially shallow CWC ecosystems as they experience a greater environmental variability compared to other deep-water CWC ecosystems. We present results from a CWC mound off southern Norway. A sediment core drilled from this relatively shallow (~ 100 m) CWC mound exposes in full detail hydrographical changes during the late Holocene, which were crucial for mound build-up. We applied computed tomography, 230Th/U dating, and foraminiferal geochemical proxy reconstructions of bottom-water-temperature (Mg/Ca-based BWT), δ18O for seawater density, and the combination of both to infer salinity changes. Our results demonstrate that the CWC mound formed in the late Holocene between 4 kiloannum (ka) and 1.5 ka with an average aggradation rate of 104 cm/kiloyears (kyr), which is significantly lower than other Holocene Norwegian mounds. The reconstructed BWTMg/Ca and seawater density exhibit large variations throughout the entire period of mound formation, but are strikingly similar to modern in situ observations in the nearby Tisler Reef. We argue that BWT does not exert a primary control on CWC mound formation. Instead, strong salinity and seawater density variation throughout the entire mound sequence appears to be controlled by the interplay between the Atlantic Water (AW) inflow and the overlying, outflowing Baltic-Sea water. CWC growth and mound formation in the NE Skagerrak was supported by strong current flow, oxygen replenishment, the presence of a strong boundary layer and larval dispersal through the AW, but possibly inhibited by the influence of fresh Baltic Water during the late Holocene. Our study therefore highlights that modern shallow Norwegian CWC reefs may be particularly endangered due to changes in water-column stratification associated with increasing net precipitation caused by climate change