Results for the LISA Phase Measurement System Project

This article presents some of the more topical results of a study into the LISA phase measurement system. This system is responsible for measuring the phase of the heterodyne signal caused by the interference of the laser beams between the local and far spacecraft. Interactions with the LISA systems that surround the phase measurement system imply additional non-trivial requirements on the phase measurement system.Comment: 8 pages, 3 figures, in LaTeX2e using iopart. Expanded and clarified text from 1st versio

The Costs of Conflict Resolution and Financial Distress: Evidence from the Texaco-Pennzoil Litigation

This paper uses data on the abnormal returns earned by the shareholders of Texaco and Pennzoil to examine whether resources were "lost" in the course of the litigation. We find that the leakage involved in the forced transfer is enormous: each dollar of value lost by Texaco's shareholders has been matched by only about 30 cents gain to the owners of Pennzoil. Our estimates suggest that the Texaco-Pennzoil conflict has reduced the combined equity value of the two companies by about $2 billion. Further losses have been suffered by Texaco's bondholders, though these may be offset by the tax collections that would result if Texaco made a large payment to Pennzoil.

Intraday credit: risk, value, and pricing

An abstract for this article is not availableElectronic funds transfers ; Payment systems ; Overdrafts