The Fair Value of Minority Stock in Closely Held Corporations

In this Article, Professor Shishido examines the various methods—those used by the courts as well as those suggested by law and economics scholars—for determining the fair value of minority stock in closely held corporations. In Professor Shishido\u27s view, the courts\u27 method of weighing—the so-called Delaware block method—fails to arrive at the true value of the minority\u27s shares and often undervalues their worth. Professor Shishido also argues that law and economics scholars fail to differentiate between closely held corporations and publicly held corporations, thus failing to include the effect of corporate law on the fair value of closely held corporate stock

Modeling Dualism in Japan

The history of Japan's economic development has attracted much attention because of the speed with which this country has successfully achieved a high rate of industrialization. The process of this development has been aided by traditional elements that have played an active and important role in the economy for a long time, thus allowing modern-traditional dualism to persist until well after World War II. After briefly reviewing the pattern of "dualistic development" in Japan, this paper exposits an applied general equilibrium model, which has been built to analyze the various demographic and economic forces that have shaped the path of Japan's growth and urbanization. The time periods under study are 1905-1930 and 1953-1963

Economic Growth and Labor Market Dualism: A Preliminary Study of the Japanese Case

This paper gives some preliminary results of a study of the history of Japan's economic development, using a general equilibrium model. After some aspects of Japan's historical development and the structure of the model are briefly described, comparative static and dynamic results are shown. It is concluded that a model specification allowing for labor unemployment behaves better in replicating history than a specification assuming full employment, as in the orthodox neoclassical framework

Organometalic carbosilane polymers containing vanadium and their preparation

The present invention concerns a new organometallic polymer material containing in part a vanadium-siloxane linkage (V-0-Si), which has excellent resistance to heat and oxidation and a high residue ratio after high temperature treatment in a non-oxidizing atmosphere, for example, nitrogen, argon, helium, ammonia, or hydrogen

Enhancing the Superconducting Transition Temperature in the Absence of Spin Correlations in Heavy Fermion Compound CeIrIn5_5

We report on a pressure($P$)-induced evolution of superconductivity and spin correlations in CeIrIn$_5$ via the $^{115}$In nuclear-spin-lattice-relaxation rate measurements. We find that applying pressure suppresses dramatically the antiferromagnetic fluctuations that are strong at ambient pressure. At $P$ = 2.1 GPa, $T_{\rm c}$ increases to $T_{\rm c}$ = 0.8 K that is twice $T_{\rm c}$($P$ = 0 GPa), in the background of Fermi liquid state. This is in sharp contrast with the previous case in which negative, chemical pressure (replacing Ir with Rh) enhances magnetic interaction and increases $T_{\rm c}$. Our results suggest that multiple mechanisms work to produce superconductivity in the same compound CeIrIn$_5$.Comment: 4pages, 4figures, accepted for publication in Phys. Rev. Let

Competition and/or Coexistence of Antiferromagnetism and Superconductivity in CeRhIn5_5 and CeCoIn5_5

The Ce compounds CeCoIn$_5$ and CeRhIn$_5$ are ideal model systems to study the competition of antiferromagnetism (AF) and superconductivity (SC). Here we discuss the pressure--temperature and magnetic field phase diagrams of both compounds. In CeRhIn$_5$ the interesting observation is that in zero magnetic field a coexistence AF+SC phase exist inside the AF phase below the critical pressure $p_{\rm c}^\star \approx 2$ GPa. Above $p_{\rm c}^\star$ AF is suppressed in zero field but can be re-induced by applying a magnetic field. The collapse of AF under pressure coincides with the abrupt change of the Fermi surface. In CeCoIn$_5$ a new phase appears at low temperatures and high magnetic field (LTHF) which vanishes at the upper critical field $H_{\rm c2}$. In both compounds the paramagnetic pair breaking effect dominates at low temperature. We discuss the evolution of the upper critical field under high pressure of both compounds and propose a simple picture of the glue of reentrant magnetism to the upper critical field in order to explain the interplay of antiferromagnetic order and superconductivity.Comment: 6 pages, 7 figures, Manuscript for Proceedings of the International Conference on Quantum Criticality and Novel Phases (QCNP09, Dresden); to appear in pss(b

Novel phase diagram for antiferromagnetism and superconductivity in pressure-induced heavy-fermion superconductor Ce2_2RhIn8_8 probed by In-NQR

We present a novel phase diagram for the antiferromagnetism and superconductivity in Ce$_2$RhIn$_8$ probed by In-NQR studies under pressure ($P$). The quasi-2D character of antiferromagnetic spin fluctuations in the paramagnetic state at $P$ = 0 evolves into a 3D character because of the suppression of antiferromagnetic order for $P > P_{\rm QCP}\sim$ 1.36 GPa (QCP: antiferromagnetic quantum critical point). Nuclear-spin-lattice-relaxation rate $1/T_1$ measurements revealed that the superconducting order occurs in the $P$ range 1.36 -- 1.84 GPa, with maximum $T_c\sim$ 0.9 K around $P_{\rm QCP}\sim$ 1.36 GPa.Comment: 5 pages, 5 figures, submitted to PR

Anomalous quasiparticle transport in the superconducting state of CeCoIn5

We report on a study of thermal Hall conductivity k_xy in the superconducting state of CeCoIn_5. The scaling relation and the density of states of the delocalized quasiparticles, both obtained from k_xy, are consistent with d-wave superconducting symmetry. The onset of superconductivity is accompanied by a steep increase in the thermal Hall angle, pointing to a striking enhancement in the quasiparticle mean free path. This enhancement is drastically suppressed in a very weak magnetic field. These results highlight that CeCoIn_5 is unique among superconductors. A small Fermi energy, a large superconducting gap, a short coherence length, and a long mean free path all indicate that CeCoIn_5 is clearly in the superclean regime (E_F/Delta<<l/xi), in which peculiar vortex state is expected.Comment: 5 pages, 5 figure

High Field de Haas - van Alphen Studies of the Fermi Surfaces of LaMIn5_{5} (M = Co, Rh, Ir)

We report measurements of the de Haas - van Alphen effect on a series of compounds, LaMIn$_{5}$ (M = Co, Rh, Ir). The results show that each of the Co and Ir Fermi surfaces (FSs) exhibit some portions that are two dimensional and some portions that are three dimensional. The most two dimensional character is exhibited in LaCoIn$_{5}$, less two dimensional behavior is seen in LaIrIn$_{5}$, no part of Fermi surface of LaRhIn$_{5}$ is found to have a two dimensional character. Thus the two dimensionality of portions of the FSs is largely determined by the d character of the energy bands while all of the effective masses remain $\leq$ 1.2. This fact has implications for the causes of the heavy fermion nature of superconductivity and magnetism in the Ce-based compounds having the similar composition and structure. All of the measurements were performed at the National High Magnetic Field Laboratory using either cantilever magnetometry or field modulation methods.Comment: 10 pages, 4 figure