Contractibility and Asset Ownership: On-Board Computers and Governance in U.S. Trucking

We investigate how the contractibility of actions affecting the value of an asset affects asset ownership. We examine this by testing how on-board computer (OBC) adoption affects truck ownership. We develop and test the proposition that adoption should lead to less ownership by drivers, particularly for hauls where drivers have the greatest incentive to drive in non-optimal ways or engage in rent-seeking behavior. We find evidence in favor: OBC adoption leads to less driver ownership, especially for long hauls and hauls that use specialized trailers. We also find that non-owner drivers with OBCs drive better than those without them. These results suggest that technology-enabled increases in contractibility may lead to less independent contracting and larger firms.

Sound measurements and observations of the MOD-OA wind turbine generator

Sound measurements are reported for a wind velocity of about 5 m/s and a power output of about 70 kW. Both broadband and narrowband data were obtained for a range of distances and azimuth angles from the machine. Both discrete frequency and broadband components were identified. Loading harmonics at multiples of the blade passage frequency and electrical generator harmonics at multiples of the shaft speed dominated the spectrum below 100 Hz. The 10,000 Hz peak is believed to be of mechanical origin in the nacelle and the other arises from blade aerodynamic sources. Aural detection distances of about 525 m upwind and 850 downwind were observed

Make Versus Buy in Trucking: Asset Ownership, Job Design and Information

Explaining patterns of asset ownership in the economy is a central goal of both organizational economics and industrial organization. We develop a model of asset ownership in trucking, which we test by examining how the adoption of different classes of on-board computers (OBCs) between 1987 and 1997 influenced whether shippers use their own trucks for hauls or contract with for-hire carriers. We find that OBCs' incentive-improving features pushed hauls toward private carriage, but their resource-allocation-improving features pushed them toward for-hire carriage. We conclude that ownership patterns in trucking reflect the importance of both incomplete contracts (Grossman and Hart (1986)) and of job design and measurement issues (Holmstrom and Milgrom (1994)).

Sound propagation studies for a large horizontal axis wind turbine

Systematic noise measurements in three directions with respect to the wind vector, over a range of distances to 1050 m, over a range of frequencies from 8 Hz to 2000 Hz, and for a stable wind turbine noise source (WTS-4) in windy conditions (V = 9.4 to 13.0 m/s) are presented. At frequencies above 63 Hz in the downwind and crosswind directions the sound pressure levels decay with distance according to predictions based on atmospheric absorption and spherical spreading, assuming no excess attenuation due to ground effects. In the upwind direction there is excess attenuation due to an acoustic shadow zone. The assumption of a distributed noise source leads to better noise estimates in the upwind direction. For very low frequencies 8 to 16 Hz no excess attenuation was observed in the upwind direction at distances up to 1050 m and a sound pressure level decay rate of approximately 3 dB per doubling of distance was observed in the downwind direction

Wind turbine acoustics

Available information on the physical characteristics of the noise generated by wind turbines is summarized, with example sound pressure time histories, narrow- and broadband frequency spectra, and noise radiation patterns. Reviewed are noise measurement standards, analysis technology, and a method of characterizing wind turbine noise. Prediction methods are given for both low-frequency rotational harmonics and broadband noise components. Also included are atmospheric propagation data showing the effects of distance and refraction by wind shear. Human perception thresholds, based on laboratory and field tests, are given. Building vibration analysis methods are summarized. The bibliography of this report lists technical publications on all aspects of wind turbine acoustics

Taxing Multinationals

This paper analyzes the effects of tax policy on the strategic choices of a domestic multinational company competing with a foreign multinational company in a third country. We demonstrate the role of the effective average tax rate and the effective marginal tax rate on the company's choices. We consider the impact on national welfare of alternative tax policies for outbound investment. Our results differ from existing models. In contrast to Feldstein and Hartman (1979), in our model, taxing foreign source income on accrual with a deduction for foreign taxes is not generally optimal. However, unlike Mintz and Tulkens (1996), the optimal policy for domestic and outbound investment is linked through the strategic choices of the multinational.

Aerodynamic Investigation of a Cup Anemometer

This thesis presents the results of an investigation wherein the change of the normal force coefficient with Reynolds Number was obtained statically for a 15.5-centimeter hemisphere cup under the following conditions: (1) single cup with no interference; (2) single cup with three-cup interference; (3) four cups. The coefficients found in this research vary with Reynolds Number and are high as compared with those of Eiffel. The effect of interference upon a single cup is to increase the drag and normal force coefficients. The curve resulting from the summation of the coefficients for four cups agrees with the static torque curve of a Robinson type cup anemometer. All tests were carried on in the University of Detroit atmospheric wind tunnel during May 1933

Photocatalytic production of organic compounds from CO and H2O in a simulated Martian atmosphere

[14C]CO2 and [14C]organic compounds are formed when a mixture of [14C]CO and water vapor diluted in [12C]CO2 or N2 is irradiated with ultraviolet light in the presence of soil or pulverized vycor substratum. The [14C]CO2 is recoverable from the gas phase, the [14C]organic products from the substratum. Three organic products have been tentatively identified as formaldehyde, acetaldehyde, and glycolic acid. The relative yields of [14C]CO2 and [14C]organics are wavelength- and surface-dependent. Conversion of CO to CO2 occurs primarily at wavelengths shorter than 2000 angstrom, apparently involves the photolysis of water, and is inhibited by increasing amounts of vycor substratum. Organic formation occurs over a broad spectral range below 3000 angstrom and increases with increasing amounts of substratum. It is suggested that organic synthesis results from adsorption of CO and H2O on surfaces, with excitation of one or both molecules occurring at wavelengths longer than those absorbed by the free gases. This process may occur on Mars and may have been important on the primitive earth

Effect of Particle-Hole Asymmetry on the Mott-Hubbard Metal-Insulator Transition

The Mott-Hubbard metal-insulator transition is one of the most important problems in correlated electron systems. In the past decade, much progress has been made on examining a particle-hole symmetric form of the transition in the Hubbard model with dynamical mean field theory where it was found that the electronic self energy develops a pole at the transition. We examine the particle-hole asymmetric metal-insulator transition in the Falicov-Kimball model, and find that a number of features change when the noninteracting density of states has a finite bandwidth. Since, generically particle-hole symmetry is broken in real materials, our results have an impact on understanding the metal-insulator transition in real materials.Comment: 5 pages, 3 figure