Pass-Through And The Prediction Of Merger Price Effects

We use Monte Carlo experiments to study how pass-through can improve merger price predictions, focusing on the first order approximation (FOA) proposed in Jaffe and Weyl [2013]. FOA addresses the functional form misspecification that can exist in standard merger simulations. We find that the predictions of FOA are tightly distributed around the true price effects if pass-through is precise, but that measurement error in pass-through diminishes accuracy. As a comparison to FOA, we also study a methodology that uses pass-through to select among functional forms for use in simulation. This alternative also increases accuracy relative to standard merger simulation and proves more robust to measurement error

Upward Pricing Pressure As A Predictor Of Merger Price Effects

We use Monte Carlo experiments to evaluate whether “upward pricing pressure” (UPP) accurately predicts the price effects of mergers, motivated by the observation that UPP is a restricted form of the first order approximation derived in Jaffe and Weyl (2013). Results indicate that UPP is quite accurate with standard log-concave demand systems, but understates price effects if demand exhibits greater convexity. Prediction error does not systematically exceed that of misspecified simulation models, nor is it much greater than that of correctly-specified models simulated with imprecise demand elasticities. The results also support that UPP provides accurate screens for anticompetitive mergers

Operator algebra quantum homogeneous spaces of universal gauge groups

In this paper, we quantize universal gauge groups such as SU(\infty), as well as their homogeneous spaces, in the sigma-C*-algebra setting. More precisely, we propose concise definitions of sigma-C*-quantum groups and sigma-C*-quantum homogeneous spaces and explain these concepts here. At the same time, we put these definitions in the mathematical context of countably compactly generated spaces as well as C*-compact quantum groups and homogeneous spaces. We also study the representable K-theory of these spaces and compute it for the quantum homogeneous spaces associated to the universal gauge group SU(\infty).Comment: 14 pages. Merged with [arXiv:1011.1073

KINEMATIC ANALYSIS OF THE VOLLEYBALL BACK ROW JUMP SPIKE

The purpose of this study was to identify and describe the kinematic characteristics of the volleyball one-foot and two-foot back row jump spikes. Eight elite male players participated in this study. Two Peak high-speed cameras (120Hz) were synchronised to record the spiking action. The results indicated that the one-foot spike had a greater approach, centre of mass (CM) velocity, a greater horizontal CM velocity at takeoff and a shorter spiking time than that of the two-foot spike. The swing leg of the one-foot jump spike also played an important role in contributing fo~wardm omentum to the jump during the support phase. This study provides information for coaches in teaching the volleyball one-foot and two-foot back row jump spike

Quantized algebras of functions on homogeneous spaces with Poisson stabilizers

Let G be a simply connected semisimple compact Lie group with standard Poisson structure, K a closed Poisson-Lie subgroup, 0<q<1. We study a quantization C(G_q/K_q) of the algebra of continuous functions on G/K. Using results of Soibelman and Dijkhuizen-Stokman we classify the irreducible representations of C(G_q/K_q) and obtain a composition series for C(G_q/K_q). We describe closures of the symplectic leaves of G/K refining the well-known description in the case of flag manifolds in terms of the Bruhat order. We then show that the same rules describe the topology on the spectrum of C(G_q/K_q). Next we show that the family of C*-algebras C(G_q/K_q), 0<q\le1, has a canonical structure of a continuous field of C*-algebras and provides a strict deformation quantization of the Poisson algebra \C[G/K]. Finally, extending a result of Nagy, we show that C(G_q/K_q) is canonically KK-equivalent to C(G/K).Comment: 23 pages; minor changes, typos correcte

Sodium vacancy ordering and the co-existence of localized spins and itinerant charges in NaxCoO2

The sodium cobaltate family (NaxCoO2) is unique among transition metal oxides because the Co sits on a triangular lattice and its valence can be tuned over a wide range by varying the Na concentration x. Up to now detailed modeling of the rich phenomenology (which ranges from unconventional superconductivity to enhanced thermopower) has been hampered by the difficulty of controlling pure phases. We discovered that certain Na concentrations are specially stable and are associated with superlattice ordering of the Na clusters. This leads naturally to a picture of co-existence of localized spins and itinerant charge carriers. For x = 0.84 we found a remarkably small Fermi energy of 87 K. Our picture brings coherence to a variety of measurements ranging from NMR to optical to thermal transport. Our results also allow us to take the first step towards modeling the mysterious ``Curie-Weiss'' metal state at x = 0.71. We suggest the local moments may form a quantum spin liquid state and we propose experimental test of our hypothesis.Comment: 16 pages, 5 figure

Proceedings of the 7th International Conference on Systematic Innovation - ICSI 2016

It is our pleasure to welcome you at the 7th International Conference on Systematic Innovation. It is our objective to provide a forum for the discussion and dissemination of recent advances in the field of TRIZ Methodology, Knowledge-Based and Systematic Innovation. The goal is to enable practitioners, researchers and scientists to exchange ideas on the these topics and to provide an international forum for exchanging new ideas and recent achievements by the TRIZ community and enabling further advances and collaboration with the industrial community. We wish to express our sincere gratitude to the members of the organizing, scientific and technical committees. The reviewers of the papers had a very important job, contributing significantly to the success of the conference. We also wish to express our thanks to our invited speakers. Very special thanks to our students, sponsors and to all who helped us with logistics, conference website, and publications. Welcome to Portugal and Lisbon. We hope you all have a very happy and rewarding meeting.publishersversionpublishe

Prediction of strong shock structure using the bimodal distribution function

A modified Mott-Smith method for predicting the one-dimensional shock wave solution at very high Mach numbers is constructed by developing a system of fluid dynamic equations. The predicted shock solutions in a gas of Maxwell molecules, a hard sphere gas and in argon using the newly proposed formalism are compared with the experimental data, direct-simulation Monte Carlo (DSMC) solution and other solutions computed from some existing theories for Mach numbers M<50. In the limit of an infinitely large Mach number, the predicted shock profiles are also compared with the DSMC solution. The density, temperature and heat flux profiles calculated at different Mach numbers have been shown to have good agreement with the experimental and DSMC solutionsComment: 22 pages, 9 figures, Accepted for publication in Physical Review