Report on the new boat "Alexander Agassiz" of the La Jolla Marine Station

The San Diego Marine Biological Association was briefly known as the La Jolla Marine Station, and then became the Scripps Institution of Oceanography in 1912. This report mentions the building of the first ship, the Alexander Agassiz, for the institution

Class action law suit filed by international workers against Wal-Mart, Dismissed

Workers in China, Bangladesh, Indonesia, Swaziland, and Nicaragua filed a suit against Wal-Mart for its failure to monitor factories. The court concluded that Wal-Mart had no legal duty under its ‘Standards for Suppliers’ or common law negligence principles to monitor its suppliers or protect plaintiffs from suppliers’ alleged substandard labor practices

Caltech and aeronautics: a presentation by the California Institute of Technology

The outstanding accomplishment of Caltech in the field of aeronautics is not that it has taught, but that it has always had something new to teach. When most aircraft were glued together from bamboo, balsawood, and canvas, Caltech was teaching the next generation of designers how to build hollow shells of stiffened sheet metal. Today, at the threshold of the Space Age, Caltech is combining astronomy, mathematics, physics, mechanics and chemistry into a new sort of aeronautical science, tailored to the needs of a new era that knows no spatial limitations. To an important extent, Caltech's contributions to industrial and military aeronautics have been made possible, through the years, by equally valuable contributions, in the form of men, money, and equipment, from industry and government. This support has filled a vital need in the past; it will become even more important in the future. The following pages tell something of Caltech's role in aeronautics, its research accomplishments, its success as a teacher of men. Most important, this booklet sets forth the direction of Caltech's present and future research. It is an exciting vista

Asset ownership and Asset Values Over Project Lifecycles

This paper develops a theory of outside ownership where such an ownership arrangement mitigates an external finance problem. Part of the gains from outside ownership accrue to asset owners which determines the asset value. The theory provides a context to analyze asset ownership and asset values over project lifecycles. When there are adjustment costs in realizing the full gains from outside ownership, (i) assets take time to peak in value, and (ii) the outsiders's share of asset ownership increases gradualAsset ownership; Asset value; Project lifecycles; Entry and exit

Walmart Sweatshop Litigation Dismissed

Document from the 9th Circuit Court in California dismissing charges brought up by employees of Wal-Mart\u27s foreign suppliers. The case was dismissed on the grounds that the plaintiffs did not state a claim against Wal-Mart, only its suppliers, which Wal-Mart had no legal duty to monitor

Digital Rights Management and the Pricing of Digital Products

Digital products such as movies, music and computer software are protected both by self-help measures such as encryption and copy controls, and by the legal right to prevent copying. We explore how digital rights management and other technical protections affect the pricing of content, and consequently, why content users, content vendors, and antitrust authorities might have different views on what technical capabilities should be deployed. We discuss the potential for collusion through technology

Hybrid Advertising Auctions

Several major websites offer hybrid auctions that allow advertisers to bid on a per-impression or a per-click basis. We present the first analysis of this hybrid advertising auction setting. The conventional wisdom is that brand advertisers (e.g. Coca-Cola) will bid per impression, while direct response advertisers (e.g. Amazon.com) will bid per click. We analyze a theoretical model of advertiser bidding to ask whether this conventional wisdom will hold up in practice. We find the opposite in a static game: brand advertisers bid per click, while direct response advertisers bid per impression. In a more realistic repeated game, we find that direct response advertisers bid per click, but brand advertisers may profitably alternate between bidding for clicks and bidding for impressions. The analysis implies that sellers of online advertising (a) may sometimes prefer not to offer advertisers multiple bidding options, (b) should try to ascertain advertisers' types when they do use hybrid auctions, and (c) should consider advertisers' strategic incentives when forming click-through rate expectations in hybrid auction formats

Platform Competition: The Role of Multi-homing and Complementors

In this paper we present a model of platform competition in which two firms offer horizontally differentiated platforms and a group of complementors offers products that are complementary to each platform. Consumers can buy either or both platforms (single- or multihoming) and complementors can produce for either or both platforms (single- or multi-production). We first characterize the pricing structure and find that, in equilibrium, consumers are more likely to multihome as the differentiation of platforms decreases or as the number of complementors for either platform increases. We show that the platform and its complementors always benefit from an increase in the number of complementors in their own platform. When single-homing arises in equilibrium, the platform and its complementors suffer from an increase in the number of complementors in the rival platform. We also study the incentives of the platform to integrate with its complementors, to charge them a royalty or give a subsidy, and to sell its own complementary products to the rival platform