THE ECONOMICS OF NONLINEAR PRICING: EVIDENCE FROM AIRFARES AND GROCERY PRICES

Quantity discounts, characterised by unit prices falling as the quantity purchased rises, are a proliferate phenomenon that finds root in the economics of packaging. This paper reviews the key economic foundations of nonlinear pricing, introduces new pricing data and conducts an empirical investigation into airfares and grocery prices, which are shown to exhibit quantity discounts of an identical order of magnitude. The constancy of the quantity discount across distinct markets hints at the existence of a common force underlying the determination of prices.

Enhanced superconductivity and lattice instability in Nb-Rh alloys

Superconductivity with transition temperature above 10 °K has been observed in a new Nb-Rh intermediate phase. The new metastable phase is obtained by liquid quenching the binary alloy or by the addition of a small percentage of carbon to form a stable ternary alloy

Secondary and compound concentrators for parabolic dish solar thermal power systems

A secondary optical element may be added to a parabolic dish solar concentrator to increase the geometric concentration ratio attainable at a given intercept factor. This secondary may be a Fresnel lens or a mirror, such as a compound elliptic concentrator or a hyperbolic trumpet. At a fixed intercept factor, higher overall geometric concentration may be obtainable with a long focal length primary and a suitable secondary matched to it. Use of a secondary to increase the geometric concentration ratio is more likely to e worthwhile if the receiver temperature is high and if errors in the primary are large. Folding the optical path with a secondary may reduce cost by locating the receiver and power conversion equipment closer to the ground and by eliminating the heavy structure needed to support this equipment at the primary focus. Promising folded-path configurations include the Ritchey-Chretien and perhaps some three element geometries. Folding the optical path may be most useful in systems that provide process heat

Bulk and wetting phenomena in a colloidal mixture of hard spheres and platelets

Density functional theory is used to study binary colloidal fluids consisting of hard spheres and thin platelets in their bulk and near a planar hard wall. This system exhibits liquid-liquid coexistence of a phase that is rich in spheres (poor in platelets) and a phase that is poor in spheres (rich in platelets). For the mixture near a planar hard wall, we find that the phase rich in spheres wets the wall completely upon approaching the liquid demixing binodal from the sphere-poor phase, provided the concentration of the platelets is smaller than a threshold value which marks a first-order wetting transition at coexistence. No layering transitions are found in contrast to recent studies on binary mixtures of spheres and non-adsorbing polymers or thin hard rods.Comment: 6 pages, 4 figure

Role of Metastable States in Phase Ordering Dynamics

We show that the rate of separation of two phases of different densities (e.g. gas and solid) can be radically altered by the presence of a metastable intermediate phase (e.g. liquid). Within a Cahn-Hilliard theory we study the growth in one dimension of a solid droplet from a supersaturated gas. A moving interface between solid and gas phases (say) can, for sufficient (transient) supersaturation, unbind into two interfaces separated by a slab of metastable liquid phase. We investigate the criteria for unbinding, and show that it may strongly impede the growth of the solid phase.Comment: 4 pages, Latex, Revtex, epsf. Updated two reference