7,619 research outputs found

    Far-infrared and accretion luminosities of the present-day active galactic nuclei

    Get PDF
    We investigate the relation between star formation (SF) and black hole accretion luminosities, using a sample of 492 type-2 active galactic nuclei (AGNs) at z < 0.22, which are detected in the far-infrared (FIR) surveys with AKARI and Herschel. We adopt FIR luminosities at 90 and 100 um as SF luminosities, assuming the proposed linear proportionality of star formation rate with FIR luminosities. By estimating AGN luminosities from [OIII]5007 and [OI]6300 emission lines, we find a positive linear trend between FIR and AGN luminosities over a wide dynamical range. This result appears to be inconsistent with the recent reports that low-luminosity AGNs show essentially no correlation between FIR and X-ray luminosities, while the discrepancy is likely due to the Malmquist and sample selection biases. By analyzing the spectral energy distribution, we find that pure-AGN candidates, of which FIR radiation is thought to be AGN-dominated, show significantly low-SF activities. These AGNs hosted by low-SF galaxies are rare in our sample (~ 1%). However, the low fraction of low-SF AGN is possibly due to observational limitations since the recent FIR surveys are insufficient to examine the population of high-luminosity AGNs hosted by low-SF galaxies.Comment: Accepted for publication in ApJ, 13 pages, 9 figure

    Trade, Foreign Direct Investment or Acquisition: Optimal Entry Modes for Multinationals

    Get PDF
    We examine multinationals’ optimal entry modes into foreign markets as a function of market size, FDI fixed costs, tariffs and transport costs. Our results highlight why large countries are more likely to attract acquisition investment, while intermediate-sized countries may be served predominantly through trade, even in the presence of high tariffs. Small countries are most likely to experience either FDI or no entry. We also show how these results vary with the competition intensity in the host country. FDI fixed costs, tariffs and transport costs are crucial not only in determining whether to engage in FDI or trade, but they are also shown to influence the acquisition choice as trade and FDI threats influence the acquisition price. Finally we explore the welfare implications of tariff reductions for both the local firm and the multinational and investigate political motives to impose endogenous tariffs that influence not only the welfare of a local firm, but also the entry mode of the multinational

    MgII Line Variability of High Luminosity Quasars

    Full text link
    We monitored five high-luminosity quasars with lambda L_{3000A} > 10^45 erg s^-1 at 0.4 < z < 0.6 to measure flux variability of the MgII 2798 line and explore feasibility of reverberation mapping using MgII. Over the two year monitoring program, imaging data were obtained with the A Noble Double-Imaging Camera on the 1.3-m telescope at the Cerro Tololo Inter-American Observatory (CTIO), while spectroscopic data were obtained at the same night with the R-C spectrograph on the 1.5-m telescope at the CTIO. By performing differencial photometry using available field stars in each quasar image, we measured variability -- 10%-24% peak-to-peak changes and 3%-8% rms variations -- in the B band, which includes flux changes in the rest-frame UV continuum (~2500A -- ~3600A) as well as the MgII line. Utilizing photometric measurements for spectroscopic flux calibration, we measured the MgII line flux and the continuum flux at 3000\AA from each single-epoch spectrum. Four objects showed MgII line flux variability with 23%-50% peak-to-peak changes and 8%-17% rms variations over 1-1.5 year rest-frame time scales, while one object showed no MgII flux variability within the measurement error (<5%). We also detected 4%-15% rms variations of the MgII line width for all five objects. With synchronous observations for photometry and spectroscopy, we demonstrated the feasibility of the MgII line reverberation mapping for high-luminosity quasars at intermediate redshift.Comment: AJ in press, 8 pages, 8 figures edited versio
    corecore