Moral property rights in bargaining

negotiation

Dividing justly in bargaining problems with claims: Normative judgments and actual negotiations

Theoretical research on claims problems has concentrated on normative properties and axiomatizations of solution concepts. We complement these analyses by empirical evidence on the predictability of three classical solution concepts in a bankruptcy problem. We examine both people’s impartial normative evaluations as well as their actual negotiation behavior in a bargaining with claims environment. We measure people’s judgments on the normative attractiveness of solution concepts with the help of a survey and also observe actual agreements in a bargaining experiment with real money at stake. We find that the proportional solution is the normatively most attractive rule, whereas actual negotiation agreements are closest to the ‘constrained equal-award’ solution

Observation of the Pairing Gap in a Strongly Interacting Fermi Gas

We study fermionic pairing in an ultracold two-component gas of $^6$Li atoms by observing an energy gap in the radio-frequency excitation spectra. With control of the two-body interactions via a Feshbach resonance we demonstrate the dependence of the pairing gap on coupling strength, temperature, and Fermi energy. The appearance of an energy gap with moderate evaporative cooling suggests that our full evaporation brings the strongly interacting system deep into a superfluid state.Comment: 18 pages, 3 figure

Exploring the BEC-BCS Crossover with an Ultracold Gas of 6^6Li Atoms

We present an overview of our recent measurements on the crossover from a Bose-Einstein condensate of molecules to a Bardeen-Cooper-Schrieffer superfluid. The experiments are performed on a two-component spin-mixture of $^6$Li atoms, where a Fesh\-bach resonance serves as the experimental key to tune the s-wave scattering length and thus to explore the various interaction regimes. In the BEC-BCS crossover, we have characterized the interaction energy by measuring the size of the trapped gas, we have studied collective excitation modes, and we have observed the pairing gap. Our observations provide strong evidence for superfluidity in the strongly interacting Fermi gas.Comment: Proceedings of ICAP-2004 (Rio de Janeiro). Review on Innsbruck BEC-BCS crossover experiments with updated Feshbach resonance positio

Market Reaction to the Adoption of IFRS in Europe

This study examines the European stock market reaction to sixteen events associated with the adoption of International Financial Reporting Standards (IFRS) in Europe. European IFRS adoption represented a major milestone towards financial reporting convergence yet spurred controversy reaching the highest levels of government. We find a more positive reaction for firms with lower quality pre-adoption information, which is more pronounced in banks, and with higher pre-adoption information asymmetry, consistent with investors expecting net information quality benefits from IFRS adoption. We also find that the reaction is less positive for firms domiciled in code law countries, consistent with investors' concerns over enforcement of IFRS in those countries. Finally, we find a positive reaction to IFRS adoption events for firms with high quality pre-adoption information, consistent with investors expecting net convergence benefits from IFRS adoption. Overall, the findings suggest that investors in European firms perceived net benefits associated with IFRS adoption.IFRS, IAS 39, Convergence, Europe, Event Study

Dynamics of a strongly interacting Fermi gas: the radial quadrupole mode

We report on measurements of an elementary surface mode in an ultracold, strongly interacting Fermi gas of 6Li atoms. The radial quadrupole mode allows us to probe hydrodynamic behavior in the BEC-BCS crossover without being influenced by changes in the equation of state. We examine frequency and damping of this mode, along with its expansion dynamics. In the unitarity limit and on the BEC side of the resonance, the observed frequencies agree with standard hydrodynamic theory. However, on the BCS side of the crossover, a striking down shift of the oscillation frequency is observed in the hydrodynamic regime as a precursor to an abrupt transition to collisionless behavior; this indicates coupling of the oscillation to fermionic pairs.Comment: 11 pages, 11 figures v2: minor change

Remote Entanglement between a Single Atom and a Bose-Einstein Condensate

Entanglement between stationary systems at remote locations is a key resource for quantum networks. We report on the experimental generation of remote entanglement between a single atom inside an optical cavity and a Bose-Einstein condensate (BEC). To produce this, a single photon is created in the atom-cavity system, thereby generating atom-photon entanglement. The photon is transported to the BEC and converted into a collective excitation in the BEC, thus establishing matter-matter entanglement. After a variable delay, this entanglement is converted into photon-photon entanglement. The matter-matter entanglement lifetime of 100 $\mu$s exceeds the photon duration by two orders of magnitude. The total fidelity of all concatenated operations is 95%. This hybrid system opens up promising perspectives in the field of quantum information

Collective excitations of a degenerate gas at the BEC-BCS crossover

We study collective excitation modes of a fermionic gas of $^6$Li atoms in the BEC-BCS crossover regime. While measurements of the axial compression mode in the cigar-shaped trap close to a Feshbach resonance confirm theoretical expectations, the radial compression mode shows surprising features. In the strongly interacting molecular BEC regime we observe a negative frequency shift with increasing coupling strength. In the regime of a strongly interacting Fermi gas, an abrupt change in the collective excitation frequency occurs, which may be a signature for a transition from a superfluid to a collisionless phase.Comment: Feshbach resonance position updated, few minor change