Can Coasean bargaining justify Pigouvian taxation?

The fact that according to the celebrated Coase Theorem rational parties always try to exploit all gains from trade is usually taken as an argument against the necessity of government intervention through Pigouvian taxation in order to correct externalities. However, we show that the hold-up problem, which occurs if non-verifiable investments have external effects and parties cannot be prevented from always exploiting ex post gains from trade through Coasean bargaining, may be solved by government intervention. In this sense, the impossibility to rule out Coasean bargaining (after investments are sunk) may in fact justify Pigouvian taxation.Hold-up problem, Bargaining, Contracts, Taxation, Externalities

Book Review of “Bargaining Theory with Applications” (Muthoo, 1999)

In this working paper, A. Muthoo’s book “Bargaining Theory with Applications” is discussed.

Know-how disclosure and incomplete contracts

When two parties invest in human capital and at the same time decide on know-how disclosure it can be shown that joint ownership with veto power is the optimal ownership structure, given that only incomplete contracts can be written.Incomplete contracts; Know-how disclosure; Joint ownership

Advanced microwave sounding unit study for atmospheric infrared sounder

The Atmospheric Infrared Sounder (AIRS), the Advanced Microwave Sounding Unit (AMSU-A), and the Microwave Humidity Sounder (MHS, formerly AMSU-B) together constitute the advanced sounding system facility for the Earth Observing System (EOS). A summary of the EOS phase B activities are presented

Recommendations and comments concerning documentation on the microwave active spectrometer systems

There are no author-identified significant results in this report

Scatterometer receiver dynamic range/linearity

Results of an investigation aimed at determining the dynamic range and linearity of the S-193 scatterometer receiver from data acquired during Skylab missions 2 and 3 are summarized

High-spatial-resolution passive microwave sounding systems

During this period the emphasis was on the following: (1) further design, construction, and testing of the improved 54-GHz portion of the 54-118 GHz microwave temperature sounder (MTS) aircraft radiometer system in preparation for ER-2 observations in July 1991; and (2) final analysis and documentation of procedures for detecting and analyzing thermal waves in our 118-GHz MTS imagery. In addition, we have new unpublished measurements of dry-air attenuation at frequencies of 54 to 66 GHz and over a temperature range of 280K to 326K; these measurements should enable us to improve further our atmospheric transmittance models. It was further noted that the proposed SSMIS conical-scanning microwave spectrometer on the military DMSP Block 5D-3 spacecraft designed to measure stratospheric and mesospheric temperature profiles will be observing the Zeeman-split oxygen lines with sufficient spectral resolution that the changing Doppler shifts with view angle will substantially degrade the potential system performance unless remedied; this was briefly studied and documented

Atmospheric frontal zone studies

The research supported by this contract and directed Activities in the inversion and interpretation of data produced by the Nimbus-7 scanning multichannel microwave radiometer (SMMR) are reported. There were five principal subjects: (1) modeling of the emissivity of foam patches on the ocean surface; (2) inversion of radiometric data by a multidimensional algorithm; (3) an operational water vapor retrieval algorithm; (4) inference of Antarctic firm accumulation rates; and (5) inference of water vapor over the Arctic sea ice

Analysis of Jovian decametric data: Study of radio emission mechanisms

The Voyager 1 and Voyager 2 Planetary Radio Astronomy Experiments (PRA) have produced the finest set of Jovian decametric radio emission data ever obtained. Jovian decametric L-burst and S-burst arcs were characterized and the data reconciled with models for the radio emission geometry and mechanisms. The first major results involve comparisons of the distribution of arc separations with longitudes. The identification and analyses of systematic variations in the PRA data have yielded interesting results, but only the most obvious features of the data were examined. Analyses of the PRA data were extended with the use of new 6-Sec formats that are more sensitive to the S-bursts