Competition, Consumer Welfare and Monopoly Power

An applied general equilibrium analysis of monopoly power is proposed as an alternative to the partial equilibrium analyses of monopoly pricing current in antitrust economics. This analysis introduces a new notion of market equilibrium where firms with monopoly power are cost-minimizing price-takers in competitive factor markets and make supracompetitive profits in equilibrium, i.e., the monopoly price exceeds the marginal cost of production. We assume that the primary goals of antitrust policy are the promotion of competition and the enhancement of consumer welfare. To that end, we use Debreu's coefficient of resource utilization to determine the counterfactual competitive price levels in monopolized markets and then impute the economic costs of monopolization.Monopoly power, Antitrust economics, Applied general equilibrium analysis

The Social Cost of Monopoly Power

A general equilibrium analysis of monopoly power is proposed as an alternative to the partial equilibrium analyses of monopolization common to most antitrust texts. This analysis introduces the notion of a cost minimizing market equilibrium. The empirical implications of this equilibrium concept for antitrust policy is derived in terms of a family of equilibrium inequalities over market data from observations on a market economy with competitive factor markets. The social cost of monopoly power is measured using Debreu's coefficient of resource utilization. That is, we propose Pareto optimality as the ultimate objective of antitrust policy.Monopoly power, Antitrust economics, Applied general equilibrium analysis

Shape Coexistence in the Relativistic Hartree-Bogoliubov approach

The phenomenon of shape coexistence is studied in the Relativistic Hartree-Bogoliubov framework. Standard relativistic mean-field effective interactions do not reproduce the ground state properties of neutron-deficient Pt-Hg-Pb isotopes. It is shown that, in order to consistently describe binding energies, radii and ground state deformations of these nuclei, effective interactions have to be constructed which take into account the sizes of spherical shell gaps.Comment: 19 pages, 8 figures, accepted in Phys. Rev.

Intellectual functioning in clinically confirmed fetal valproate syndrome

Background: An increased risk of impaired intelligence (IQ) has been documented in valproate-exposed children, but investigations have not previously focused on those with a clinical diagnosis of Fetal Valproate Syndrome (FVS). Methods: This cross sectional observational study recruited individuals with a diagnosis of FVS and completed standardized assessments of intellectual abilities making comparisons to a normative comparison group. Both mean difference (MD) and prevalence of scores below the lower average range were analyzed. Results: The mean full-scale IQ in 31 individuals with FVS (mean age 14.97; range 6–27 years) was 19 points lower (19.55, 95% CI −24.94 to 14.15), and IQ scores <70 were present in 26%. The mean differences for verbal comprehension (21.07, 95% CI −25.84 to −16.29), working memory (19.77, 95% CI −25.00 to −14.55) and processing speed (16.87, 95% CI −22.24 to −11.50) performances were poorer than expected with the mean differences over one standard deviation from the comparison group. Sixty one percent of cases demonstrated disproportionately lower verbal comprehension ability. There were no significant group differences for IQ in high vs. moderate dose valproate or mono vs. polytherapy. There were no differences in IQ between those with and those without a major congenital malformation. The requirement for educational intervention was high at 74%. Conclusion: Intellectual difficulties are a central feature of FVS and are more severe in their presentation in individuals with a diagnosis of valproate embryopathy. Individuals with FVS who present with the characteristic facial presentation should be considered at high risk of cognitive difficulties regardless of the dose of valproate exposure or the presence of a major congenital malformation

Bonding in MgSi and AlMgSi Compounds Relevant to AlMgSi Alloys

The bonding and stability of MgSi and AlMgSi compounds relevant to AlMgSi alloys is investigated with the use of (L)APW+(lo) DFT calculations. We show that the $\beta$ and $\beta''$ phases found in the precipitation sequence are characterised by the presence of covalent bonds between Si-Si nearest neighbour pairs and covalent/ionic bonds between Mg-Si nearest neighbour pairs. We then investigate the stability of two recently discovered precipitate phases, U1 and U2, both containing Al in addition to Mg and Si. We show that both phases are characterised by tightly bound Al-Si networks, made possible by a transfer of charge from the Mg atoms.Comment: 11 pages, 30 figures, submitted to Phys. Rev.

Sensitivity of deexcitation energies of superdeformed secondary minima to the density dependence of symmetry energy with the relativistic mean-field theory

The relationship between deexcitation energies of superdeformed secondary minima relative to ground states and the density dependence of the symmetry energy is investigated for heavy nuclei using the relativistic mean field (RMF) model. It is shown that the deexcitation energies of superdeformed secondary minima are sensitive to differences in the symmetry energy that are mimicked by the isoscalar-isovector coupling included in the model. With deliberate investigations on a few Hg isotopes that have data of deexcitation energies, we find that the description for the deexcitation energies can be improved due to the softening of the symmetry energy. Further, we have investigated deexcitation energies of odd-odd heavy nuclei that are nearly independent of pairing correlations, and have discussed the possible extraction of the constraint on the density dependence of the symmetry energy with the measurement of deexcitation energies of these nuclei.Comment: 14 pages, 3 figure

New Measurements of the Solubility of Metal Oxides at High Temperature

The results of high temperature solubility studies at ORNL are presented in which mainly direct pH measurements were made of aqueous solutions in contact with the crystalline solid phases: Al(OH){sub 3}, AlOOH, Fe{sub 3}O{sub 4}, Mg(OH){sub 2}, Nd(OH){sub 3}, and ZnO. Examples are highlighted of specific phenomena such as: the kinetics of gibbsite and boehmite dissolution and precipitation; the appearance of metastable equilibria in the dissolution of Fe{sub 3}O{sub 4}; the extremely rapid precipitation of crystalline brucite, Mg(OH){sub 2}; and anomalies in the apparent solubility profiles of AlO(OH) and ZnO. General trends associated with the effects of temperature and ionic strength are mentioned. Some of the potentiometric investigations were augmented by conventional batch [AlO(OH) and ZnO], and flow-through column (ZnO) experiments. In the additional case of ZnCr{sub 2}O{sub 4}, the extremely low solubility of this spinel permitted application of only the latter technique and these results are discussed in terms of the measured chromium levels that resulted from incongruent dissolution

Nuclear Spin-Isospin Correlations, Parity Violation, and the fπf_\pi Problem

The strong interaction effects of isospin- and spin-dependent nucleon-nucleon correlations observed in many-body calculations are interpreted in terms of a one-pion exchange mechanism. Including such effects in computations of nuclear parity violating effects leads to enhancements of about 10%. A larger effect arises from the one-boson exchange nature of the parity non-conserving nucleon- nucleon interaction, which depends on both weak and strong meson-nucleon coupling constants. Using values of the latter that are constrained by nucleon-nucleon phase shifts leads to enhancements of parity violation by factors close to two. Thus much of previously noticed discrepancies between weak coupling constants extracted from different experiments can be removed.Comment: 8 pages 2 figures there should have been two figures in v