On the problem of network monopoly

We introduce a new regulatory concept: the independent profit-maximising agent, as a model for regulating a network monopoly. The agent sets prices on cross-network goods taking either a complete, or arbitrarily small, share of the associated profit. We examine welfare and profits with and without each agent type under both network monopoly and network duopoly. We show that splitting up the network monopoly (creating network duopoly) may be inferior for both firm(s) and society compared with a network monopoly "regulated" by an agent and that society always prefers any of the four agent regimes over network monopoly and network duopoly

Network Regulation Using an Agent

This paper introduces a new regulatory concept: the independent profit-maximising regulatory agent, as a possible model for regulating network industries where complex demand interdependencies, in particular demand complementarities, make traditional methods of regulation difficult. We derive a simple theoretical network model with differentiated demands and explore alternative competitive and regulatory strategies. We show that the employment of an independent profit-maximising agent may offer a partial solution to the problem of network regulation, yielding outcomes which involve all parties pursuing their own interests yet are relatively desirable to both firms and society

On the Economics of Integrated Ticketing

In this paper we explore alternative pricing and regulatory strategies within a simple transport network with Cournot duopoly and differentiated demands. We show that whilst firms always prefer to offer integrated ticketing, a social planner will not. With integrated ticketing, the firms always prefer complete collusion but there is not a uniform ranking of some of the less collusive regimes. Society generally prefers the less collusive regimes to complete collusion but prefers some collusion to independent pricing

The Angular Momenta of Neutron Stars and Black Holes as a Window on Supernovae

It is now clear that a subset of supernovae display evidence for jets and are observed as gamma-ray bursts. The angular momentum distribution of massive stellar endpoints provides a rare means of constraining the nature of the central engine in core-collapse explosions. Unlike supermassive black holes, the spin of stellar-mass black holes in X-ray binary systems is little affected by accretion, and accurately reflects the spin set at birth. A modest number of stellar-mass black hole angular momenta have now been measured using two independent X-ray spectroscopic techniques. In contrast, rotation-powered pulsars spin-down over time, via magnetic braking, but a modest number of natal spin periods have now been estimated. For both canonical and extreme neutron star parameters, statistical tests strongly suggest that the angular momentum distributions of black holes and neutron stars are markedly different. Within the context of prevalent models for core-collapse supernovae, the angular momentum distributions are consistent with black holes typically being produced in GRB-like supernovae with jets, and with neutron stars typically being produced in supernovae with too little angular momentum to produce jets via magnetohydrodynamic processes. It is possible that neutron stars are imbued with high spin initially, and rapidly spun-down shortly after the supernova event, but the available mechanisms may be inconsistent with some observed pulsar properties.Comment: ApJ Letters, accepte

An RXTE study of M87 and the core of the Virgo cluster

We present hard X-ray observations of the nearby radio galaxy M87 and the core of the Virgo cluster using the Rossi X-ray Timing Explorer. These are the first hard X-ray observations of M87 not affected by contamination from the nearby Seyfert 2 galaxy NGC4388. Thermal emission from Virgo's intracluster medium is clearly detected and has a spectrum indicative of kT=2.5keV plasma with approximately 25% cosmic abundances. No non-thermal (power-law) emission from M87 is detected in the hard X-ray band, with fluctuations in the Cosmic X-ray Background being the limiting factor. Combining with ROSAT data, we infer that the X-ray spectrum of the M87 core and jet must be steep (Gamma_core>1.90$ and Gamma_jet>1.75), and we discuss the implications of this result. In particular, these results are consistent with M87 being a mis-aligned BL-Lac object.Comment: 8 pages, 2 postscript figures. Accepted for publication in Ap

WHAM Observations of H-Alpha, [S II], and [N II] toward the Orion and Perseus Arms: Probing the Physical Conditions of the Warm Ionized Medium

A large portion of the Galaxy (l = 123 deg to 164 deg, b = -6 deg to -35 deg), which samples regions of the Local (Orion) spiral arm and the more distant Perseus arm, has been mapped with the Wisconsin H-Alpha Mapper (WHAM) in the H-Alpha, [S II] 6716, and [N II] 6583 lines. Several trends noticed in emission-line investigations of diffuse gas in other galaxies are confirmed in the Milky Way and extended to much fainter emission. We find that the [S II]/H-Alpha and [N II]/H-Alpha ratios increase as absolute H-Alpha intensities decrease. For the more distant Perseus arm emission, the increase in these ratios is a strong function of Galactic latitude and thus, of height above the Galactic plane. The [S II]/[N II] ratio is relatively independent of H-Alpha intensity. Scatter in this ratio appears to be physically significant, and maps of it suggest regions with similar ratios are spatially correlated. The Perseus arm [S II]/[N II] ratio is systematically lower than Local emission by 10%-20%. With [S II]/[N II] fairly constant over a large range of H-Alpha intensities, the increase of [S II]/H-Alpha and [N II]/H-Alpha with |z| seems to reflect an increase in temperature. Such an interpretation allows us to estimate the temperature and ionization conditions in our large sample of observations. We find that WIM temperatures range from 6,000 K to 9,000 K with temperature increasing from bright to faint H-Alpha emission (low to high [S II]/H-Alpha and [N II]/H-Alpha) respectively. Changes in [S II]/[N II] appear to reflect changes in the local ionization conditions (e.g. the S+/S++ ratio). We also measure the electron scale height in the Perseus arm to be 1.0+/-0.1 kpc, confirming earlier, less accurate determinations.Comment: 28 pages, 10 figures. Figures 2 and 3 are full color--GIFs provided here, original PS figures at link below. Accepted for publication in ApJ. More information about the WHAM project can be found at http://www.astro.wisc.edu/wham/ . REVISION: Figure 6, bottom panel now contains the proper points. No other changes have been mad

Are the Nuclei of Seyfert 2 Galaxies Viewed Face-On?

We show from modeling the Fe Kalpha line in the ASCA spectra of four X-ray bright narrow emission line galaxies (Seyfert types 1.9 and 2) that two equally viable physical models can describe the observed line profile. The first is discussed by Turner et al. (1998) and consists of emission from a nearly pole-on accretion disk. The second, which is statistically preferred, is a superposition of emission from an accretion disk viewed at an intermediate inclination of about 48 degrees and a distinct, unresolved feature that presumably originates some distance from the galaxy nucleus. The intermediate inclination is entirely consistent with unified schemes and our findings challenge recent assertions that Seyfert 2 galaxies are preferentially viewed with their inner regions face-on. We derive mean equivalent widths for the narrow and disk lines of =60 eV and = 213 eV, respectively. The X-ray data are well described by a geometry in which our view of the active nucleus intersects and is blocked by the outer edges of the obscuring torus, and therefore do not require severe misalignments between the accretion disk and the torus.Comment: 19 pages, 3 postscript figures. Accepted for publication in ApJ