Organizational Form and Performance: Evidence from the Hotel Industry

International audienceWe use a unique proprietary panel data set from a large hotel company to study how organizational form affects hotel pricing and performance. Aggregate data patterns suggest sizable performance differences between franchised and company-operated hotels. However, after controlling for other factors, we find that if significant at all, such differences are economically small. Moreover, once we endogenize the choice of organizational form, the differences become insignificant. We conclude that the company chooses which hotels to franchise and operate corporately such that, conditional on hotel and market characteristics, it obtains consistent outcomes across organizational forms

Ground state of the Kagome-like S=1/2 antiferromagnet, Volborthite Cu3V2O7(OH)2.2H2O

Volborthite compound is one of the very few realizations of S=1/2 quantum spins on a highly frustrated kagome-like lattice. Low-T SQUID measurements reveal a broad magnetic transition below 2K which is further confirmed by a peak in the 51V nuclear spin relaxation rate (1/T1) at 1.4K$\pm$0.2K. Through 51V NMR, the ground state (GS) appears to be a mixture of different spin configurations, among which 20% correspond to a well defined short range order, possibly of the $\sqrt{3} \times \sqrt{3}$ type. While the freezing involve all the Cu$^{2+}$ spins, only 40% of the copper moment is actually frozen which suggests that quantum fluctuations strongly renormalize the GS.Comment: 4 pages, 4 figures, to appear in PR

Vesignieite BaCu3V2O8(OH)2 as a Candidate Spin-1/2 Kagome Antiferromagnet

A polycrystalline sample of vesignieite BaCu3V2O8(OH)2 comprising a nearly ideal kagome lattice composed of Cu2+ ions carrying spin 1/2 has been synthesized and studied by magnetization and heat capacity measurements. Magnetic susceptibility shows a neither long range order, a spin glass transition nor a spin gap down to 2 K, in spite of a moderately strong antiferromagnetic interaction of J/kB = 53 K between nearest-neighbor spins. A broad peak observed at a temperature corresponding to 0.4J in intrinsic magnetic susceptibility indicates a marked development of the short-range order. The ground state of vesignieite is probably a gapless spin liquid or is accompanied by a very small gap less than J/30.Comment: 4 pages, 5 figure

Strategic Capacity Planning Problems in Revenue‐Sharing Joint Ventures

Peer Reviewedhttps://deepblue.lib.umich.edu/bitstream/2027.42/154244/1/poms13128_am.pdfhttps://deepblue.lib.umich.edu/bitstream/2027.42/154244/2/poms13128.pd

Stress-driven instability in growing multilayer films

We investigate the stress-driven morphological instability of epitaxially growing multilayer films, which are coherent and dislocation-free. We construct a direct elastic analysis, from which we determine the elastic state of the system recursively in terms of that of the old states of the buried layers. In turn, we use the result for the elastic state to derive the morphological evolution equation of surface profile to first order of perturbations, with the solution explicitly expressed by the growth conditions and material parameters of all the deposited layers. We apply these results to two kinds of multilayer structures. One is the alternating tensile/compressive multilayer structure, for which we determine the effective stability properties, including the effect of varying surface mobility in different layers, its interplay with the global misfit of the multilayer film, and the influence of asymmetric structure of compressive and tensile layers on the system stability. The nature of the asymmetry properties found in stability diagrams is in agreement with experimental observations. The other multilayer structure that we study is one composed of stacked strained/spacer layers. We also calculate the kinetic critical thickness for the onset of morphological instability and obtain its reduction and saturation as number of deposited layers increases, which is consistent with recent experimental results. Compared to the single-layer film growth, the behavior of kinetic critical thickness shows deviations for upper strained layers.Comment: 27 pages, 11 figures; Phys. Rev. B, in pres