Corporate Hierarchies and the Size of Nations: Theory and Evidence

Corporate organization varies within a country and across countries with country size. The paper starts by establishing some facts about corporate organization based on unique data of 660 Austrian and German corporations. The larger country (Germany) has larger firms with flatter more decentral corporate hierarchies compared to the smaller country (Austria). Firms in the larger country change their organization less fast than firms in the smaller country. Over time firms have been introducing less hierarchical organizations by delegating power to lower levels of the corporation. We develop a theory which explains these facts and which links these features to the trade environment that countries and firms face. We introduce firms with internal hierarchies in a Krugman (1980) model of trade. We show that international trade and the toughness of competition in international markets induce a power struggle in firms which eventually leads to decentralized corporate hierarchies. We offer econometric evidence which is consistent with the models predictions

Whipping Instabilities in Electrified Liquid Jets

A liquid jet may develop different types of instabilities, like the so-called Rayleigh-Plateau instability, which breaks the jet into droplets. However, another type of instabilities may appear when we electrify a liquid jet and induce some charge at his surface. Among them, the most common is the so-called Whipping Instability, which is characterized by violent and fast lashes of the jet. In the submitted fluid dynamic video(see http://hdl.handle.net/1813/11422), we will show an unstable charged glycerine jet in a dielectric liquid bath, which permits an enhanced visualization of the instability. For this reason, it is probably the first time that these phenomena are visualized with enough clarity to analyze features as the effect of the feeding liquid flow rate through the jet or as the surprising spontaneous stabilization at some critical distance to the ground electrode.Comment: 3 pages, no figures, links to videos, Submission to the 26th Gallery of Fluid Motion (2009

Antiglycation activity and HT-29 cellular uptake of aloe-emodin, aloin, and aloe arborescens leaf extracts

Aloe arborescens is a relevant species largely used in traditional medicine of several countries. In particular, the decoction of leaves is prepared for various medicinal purposes including antidiabetic care. The aim of this research was the study of the antiglycation activity of two A. arborescens leaf extracts and isolated compounds: aloin and aloe-emodin. These phytoconstituents were quantitatively assessed in methanolic and hydroalcoholic extracts using high performance liquid chromatography (HPLC) analysis. In addition, the total phenolic and flavonoid contents were detected. In order to study their potential use in diabetic conditions, the antiglycation and antiradical properties of the two extracts and aloin and aloe-emodin were investigated by means of bovine serum albumin (BSA) and 1,1-diphenyl-2-picryl-hydrazil (DPPH) assays; further, their cytotoxicity in HT-29 human colon adenocarcinoma cells was evaluated by 3-[4,5-dimethylthiazol-2-yl]-2,5-diphenyl tetrazolium bromide (MTT) assay. Furthermore, the ability of aloin and aloe-emodin to permeate the cellular membranes of HT-29 cells was determined in order to estimate their potential in vivo absorption. This assessment indicated that aloe-emodin can substantially pass through cell membranes (~20%), whereas aloin did not permeate into HT-29 cells. Overall, the data show that both the methanolic and the hydroalcoholic A. arborescens extracts determine significant inhibition of glycation and free-radical persistence, without any cytotoxic activity. The data also show that the antiglycation and the antiradical activities of aloin and aloe-emodin are lower than those of the two extracts. In relation to the permeability study, only aloe-emodin is able to cross HT-29 cellular membranes, showing the attitude to pass through the intestinal layer. Overall, the present data surely support the traditional use of A. arborescens leaf extracts against hyperglycemic conditions, while aloin and aloe-emodin as potential drugs need further study

Power in the Multinational Corporation in Industry Equilibrium

Recent theories of the multinational corporation introduce the property rights model of the firm and examine whether to integrate our outsource firm activities locally or to a foreign country. This paper focus instead on the internal organization of the multinational corporation by examining the power allocation between headquarters and subsidiaries. We provide a framework to analyse the interaction between the decision to serve the local market by exporting or FDI, market acces and the optimal mode of organization of the multinational corporation. We find that subsidiary managers are given most autonomy in their decision how to run the firm at intermediate levels of local competition. We then provide comparative statics for changes in fixed FDI entry costs and trade costs, information technology, the number of local competitors, and in the size of the local market

Sensitivity below the standard quantum limit in gravitational wave detectors with Michelson-Fabry-Perot readout

We calculate the quantum noise limited displacement sensitivity of a Michelson-Fabry-Perot (MFP) with detuned cavities, followed by phase-sensitive homodyne detection. We show that the standard quantum limit can be surpassed even with resonant cavities and without any signal-recycling mirror nor additional cavities. Indeed, thanks to the homodyne detection, the output field quadrature can be chosen in such a way to cancel the effect of input amplitude fluctuations, i.e., eliminating the force noise. With detuned cavities, the modified opto-mechanical susceptivity allows to reach unlimited sensitivity for large enough (yet finite) optical power. Our expressions include mirror losses and cavity delay effect, for a realistic comparison with experiments. Our study is particularly devoted to gravitational wave detectors and we consider both an interferometer with free-falling mirrors, and a MFP as readout for a massive detector. In the latter case, the sensitivity curve of the recently conceived 'DUAL' detector, based on two acoustic modes, is obtained

Gays' Pay in the UK

This paper attempts, for the first time for the UK, to analyse the earnings of homosexuals and test for the possible existence of sexual orientation discrimination. Homosexuals are identified as individuals living with "same sex partners". Using twenty quarters of the LFS, we identify 630 homosexuals. Decomposition analysis indicates that although gays earn more than non-gays they are still discriminated against. However, looking at gay men and lesbians separately we find that it is homosexual men who are subject to discrimination and therefore are likely to benefit from legislation that has to be in place in the UK by the end of 2003.

Avalanche of particles in evaporating coffee drops

The pioneering work of Deegan et al. [Nature 389, (1997)] showed how a drying sessile droplet suspension of particles presents a maximum evaporating flux at its contact line which drags liquid and particles creating the well known coffee stain ring. In this Fluid Dynamics Video, measurements using micro Particle Image Velocimetry and Particle Tracking clearly show an avalanche of particles being dragged in the last moments, for vanishing contact angles and droplet height. This explains the different characteristic packing of the particles in the layers of the ring: the outer one resembles a crystalline array, while the inner one looks more like a jammed granular fluid. Using the basic hydrodynamic model used by Deegan et al. [Phys. Rev. E 62, (2000)] it will be shown how the liquid radial velocity diverges as the droplet life comes to an end, yielding a good comparison with the experimental data.Comment: This entry contains a Fluid Dynamics Video candidate for the Gallery of Fluid Motion 2011 and a brief article with informatio