Asset freezing, corporate political resources and the Tullock paradox

In 1967, Gordon Tullock asked why firms do not spend more on campaign contributions, despite the large rents that could be generated from political activities. We suggest in this paper that part of the puzzle could come from the fact that one important type of political activity has been neglected by the literature which focuses on campaign contributions or political connections. We call this neglected activity "asset freezing": situations in which firms delay lay-offs or invest in specific technologies to support local politicians' re-election objectives. In doing so, firms bear a potentially significant cost as they do not use a portion of their economic assets in the most efficient or productive way. The purpose of this paper is to provide a first theoretical exploration of this phenomenon. Building on the literature on corporate political resources, we argue that a firm's economic assets can be evaluated based on their degree of "political freezability," which depends on the flexibility of their use and on their value for policy-makers. We then develop a simple model in which financial contributions and freezing assets are alternative options for a firm willing to lawfully influence public policy-making, and derive some of our initial hypotheses more formally

The political economy of international regulatory convergence in public utilities

To what extent should public utilities regulation be expected to converge across countries? When it occurs, will it generate good outcomes? Building on the core proposition of the New Institutional Economics that similar regulations generate different outcomes depending on their fit with the underlying domestic institutions, we develop a simple model and explore its implications by examining the diffusion of local loop unbundling (LLU) regulations. We argue that: one should expect some convergence in public utility regulation but with still a significant degree of local experimentation; this process will have very different impacts of regulation

International Expansion, Diversification and Regulated Firm Nonmarket Strategy

Previous studies have shown that regulated firms diversify for reasons that are different than for unregulated firms. We explore some of these differences by providing a theoretical model that starts by considering the firm-regulator relationship as an incomplete information issue, in which a regulated incumbent has knowledge that the regulator does not have, but the firm cannot convey hard information about this knowledge. The incumbent faces both market and nonmarket competition from a new entrant. In that context, we show that when the firm faces tough nonmarket competition domestically, going abroad can create a mechanism that makes information transmission to the regulator more credible. International expansion can thus be a way to solve domestic nonmarket issues in addition to being a catalyst for growth

Electron transport in carbon wires in contact with Ag electrodes : a detailed first principles investigation

The structure and electronic properties of carbon atom chains Cn in contact with Ag electrodes are investigated in detail with first principles means. The ideal Ag(100) surface is used as a model for binding, and electron transport through the chains is studied as a function of their length, applied bias voltage, presence of capping atoms (Si, S) and adsorption site. It is found that the metal\u2013molecule bond largely influences electronic coupling to the leads. Without capping atoms the quality of the electric contact improves when increasing the carbon atom coordination number to the metal (1, 2 and 4 for adsorption on a top, bridge and hollow position, respectively) and this finding translates almost unchanged in more realistic tip-like contacts which present one, two or four metal atoms at the contact. Current\u2013voltage characteristics show Ohmic behaviour over a wide range of bias voltages and the resulting conductances change only weakly when increasing the wire length. The effect of a capping species is typically drastic, and either largely reduces (S) or largely increases (Si) the coupling of the wire to the electrodes. Comparison of our findings with recent experimental results highlights the limits of the adopted approach, which can be traced back to the known gap problem of density-functional-theory

Detection and count of Salmonella enterica in pork meat products

A direct plating technique for the enumeration S. enterica in 90 pig meat samples was evaluated in comparison with a three tube-MPN procedure. For the detection of S. enterica the ISO 6597:2002 method was employed. Pork samples were collected at retail level in northern Italy. A total of 15 (16.7%) Salmonella positive samples were detected. By the use of the MPN method, S. enterica was countable m 12 (80.0%) samples, while the direct count gave positive results in two (13.3%) samples only The ISO 6597.2002 method identified 12 (80 %) contaminated samples out of 15. The enumeration levels of S. enterica ranged from 0.03 MPN/g to \u3e 110 MPN/g by the MPN method, and from 10 CFU/g to 180 CFU/g by direct plating. Seven Salmonella serovars were detected. S. Typhimurium, S. Derby, S. Give, S. Rissen, S. Livingstone, S. Brandenburg and S. London, with S. Typhimurium and S. Derby as the predominant ones

Realtime processing of LOFAR data for the detection of nano-second pulses from the Moon

The low flux of the ultra-high energy cosmic rays (UHECR) at the highest energies provides a challenge to answer the long standing question about their origin and nature. Even lower fluxes of neutrinos with energies above $10^{22}$ eV are predicted in certain Grand-Unifying-Theories (GUTs) and e.g.\ models for super-heavy dark matter (SHDM). The significant increase in detector volume required to detect these particles can be achieved by searching for the nano-second radio pulses that are emitted when a particle interacts in Earth's moon with current and future radio telescopes. In this contribution we present the design of an online analysis and trigger pipeline for the detection of nano-second pulses with the LOFAR radio telescope. The most important steps of the processing pipeline are digital focusing of the antennas towards the Moon, correction of the signal for ionospheric dispersion, and synthesis of the time-domain signal from the polyphased-filtered signal in frequency domain. The implementation of the pipeline on a GPU/CPU cluster will be discussed together with the computing performance of the prototype.Comment: Proceedings of the 22nd International Conference on Computing in High Energy and Nuclear Physics (CHEP2016), US

Cosmic Ray Physics with the LOFAR Radio Telescope

The LOFAR radio telescope is able to measure the radio emission from cosmic ray induced air showers with hundreds of individual antennas. This allows for precision testing of the emission mechanisms for the radio signal as well as determination of the depth of shower maximum $X_{\max}$, the shower observable most sensitive to the mass of the primary cosmic ray, to better than 20 g/cm$^2$. With a densely instrumented circular area of roughly 320 m$^2$, LOFAR is targeting for cosmic ray astrophysics in the energy range $10^{16}$ - $10^{18}$ eV. In this contribution we give an overview of the status, recent results, and future plans of cosmic ray detection with the LOFAR radio telescope.Comment: Proceedings of the 26th Extended European Cosmic Ray Symposium (ECRS), Barnaul/Belokurikha, 201