Deformations of overconvergent isocrystals on the projective line

Let $k$ be a perfect field of positive characteristic and $Z$ an effective Cartier divisor in the projective line over $k$ with complement $U$. In this note, we establish some results about the formal deformation theory of overconvergent isocrystals on $U$ with fixed "local monodromy" along $Z$. En route, we show that a Hochschild cochain complex governs deformations of a module over an arbitrary associative algebra. We also relate this Hochschild cochain complex to a de Rham complex in order to understand the deformation theory of a differential module over a differential ring.Comment: 59 pages; fixed typos, improved exposition; comments welcome

FINANCING COMMUNITY FACILITIES: A CASE STUDY OF THE PARKS AND RECREATIONAL GENERAL OBLIGATION BOND MEASURE OF SAN JOSE, CALIFORNIA

This study of the City of San Jose’s Parks and Recreation General Obligation (GO) Bond Measure seeks to identify the politics-, management-, and planning-related lessons learned by the City as it developed its community facilities using the GO bonds proceeds. The study finds that these lessons include: be conservative in what you promise the residents; be prepared for changes in economic environment by identifying supplementary funding sources should the primary source not yield adequate funds; make sure that the jurisdiction is organizationally capable of handling the increased workload; and prepare detailed project plans prior to the bond issuance.Community Infrastructure and Services; Municipal Bonds; Public Finance

TECHNOLOGY AND SPILLOVERS: EVIDENCE FROM INDIAN MANUFACTURING MICRO-DATA

This paper finds that technology stocks and spillovers, have significantly affected the output of Indian manufacturing firms, over the period 1994 to 2006. The technology of a firm is measured, as embodied in its recent stock of plant & machinery, as well as generated through its own R&D. Moreover, investments in both these types of capital by a firm, also generate learning and level of development effects, for all other firms in that industry.Indian manufacturing, equipment, R&D, spillovers

A Decision-Support Framework For Using Value Capture to Fund Public Transit: Lessons From Project-Specific Analyses

Local and state governments provide 75 percent of transit funds in the United States. With all levels of governments under significant fiscal stress, any new transit funding mechanism is welcome. Value capture (VC) is one such mechanism. Based on the “benefits received” principle, VC involves the identification and capture of public infrastructure-led increase in land value. While the literature has extensively demonstrated the property-value impacts of transit investments and has empirically simulated the potential magnitude of VC revenues for financing transit facilities, very little research has examined the suitability of VC mechanisms for specific transit projects. This report aims to fill this research gap by examining five VC mechanisms in depth: tax-increment financing (TIF), special assessment districts (SADs), transit impact fees, joint developments, and air rights. The report is intended to assist practitioners in gauging the legal, financial, and administrative suitability of VC mechanisms for meeting project-specific funding requirements