13,443 research outputs found

    The neutron star inner crust and symmetry energy

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    The cell structure of clusters in the inner crust of a cold \beta-equilibrium neutron star is studied within a Thomas Fermi approach and compared with other approaches which include shell effects. Relativistic nuclear models are considered. We conclude that the symmetry energy slope L may have quite dramatic effects on the cell structure if it is very large or small. Rod-like and slab-like pasta clusters have been obtained in all models except one with a large slope L.Comment: 16 pages, 5 figure

    Quieting the Sharholders\u27 Voice: Empirical Evidence of Pervasive Bundling in Proxy Solicitations

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    The integrity of shareholder voting is critical to the legitimacy of corporate law. One threat to this process is proxy “bundling,” or the joinder of more than one separate item into a single proxy proposal. Bundling deprives shareholders of the right to convey their views on each separate matter being put to a vote and forces them to either reject the entire proposal or approve items they might not otherwise want implemented. In this Paper, we provide the first comprehensive evaluation of the anti-bundling rules adopted by the Securities and Exchange Commission (“SEC”) in 1992. While we find that the courts have carefully developed a framework for the proper scope and application of the rules, the SEC and proxy advisory firms have been less vigilant in defending this instrumental shareholder right. In particular, we note that the most recent SEC interpretive guidance has undercut the effectiveness of the existing rules, and that, surprisingly, proxy advisory firms do not have well-defined heuristics to discourage bundling. Building on the theoretical framework, this Article provides the first large-scale empirical study of bundling of management proposals. We develop four possible definitions of impermissible bundling and, utilizing a data set of over 1,300 management proposals, show that the frequency of bundling in our sample ranges from 6.2 percent to 28.8 percent (depending on which of the four bundling definitions is used). It is apparent that bundling occurs far more frequently than indicated by prior studies. We further examine our data to report the items that are most frequently bundled and to analyze the proxy advisors’ recommendations and the voting patterns associated with bundled proposals. This Article concludes with important implications for the SEC, proxy advisors, and institutional investors as to how each party can more effectively deter impermissible bundling and thus better protect the shareholder franchise

    Simultaneous Visibility Representations of Plane st-graphs Using L-shapes

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    Let Gr,Gb\langle G_r,G_b \rangle be a pair of plane stst-graphs with the same vertex set VV. A simultaneous visibility representation with L-shapes of Gr,Gb\langle G_r,G_b \rangle is a pair of bar visibility representations Γr,Γb\langle\Gamma_r,\Gamma_b\rangle such that, for every vertex vVv \in V, Γr(v)\Gamma_r(v) and Γb(v)\Gamma_b(v) are a horizontal and a vertical segment, which share an end-point. In other words, every vertex is drawn as an LL-shape, every edge of GrG_r is a vertical visibility segment, and every edge of GbG_b is a horizontal visibility segment. Also, no two L-shapes intersect each other. An L-shape has four possible rotations, and we assume that each vertex is given a rotation for its L-shape as part of the input. Our main results are: (i) a characterization of those pairs of plane stst-graphs admitting such a representation, (ii) a cubic time algorithm to recognize them, and (iii) a linear time drawing algorithm if the test is positive

    US market entry by Spanish pharmaceutical firms

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    This work explores the factors that spur firms’ propensity to enter in international markets. Among the whole population of Spanish firms active in the pharmaceutical sector (over the period 1995-2004), we identify those firms that have entered the US market by assessing whether they have filed at least a trademark in the US Patents and Trademarks Office. By means of a hazard model, we empirically estimate which firm’s characteristics affect the probability of entry in the US market in a given year. Results show that technological capabilities (breadth and depth of firms’ patent base), and the firm’s cost structure explain the entry in the US market with a branded product. Moreover, our evidence shows that entry strategies based on differentiation advantage (technological diversification) and strategies based on cost advantage (scale economies) are exclusive and do not mix well each otherForeign market entry, Internationalization strategies, Firm-Specific advantages, Competitive advantage, Innovation and R&D, Patents, Trademarks

    Topological Josephson ϕ0{\phi}_0-junctions

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    We study the effect of a magnetic field on the current-phase relation of a topological Josephson junction formed by connecting two superconductors through the helical edge states of a quantum spin-Hall insulator. We predict that the Zeeman effect along the spin quantization axis of the helical edges results in an anomalous Josephson relation that allows for a supercurrent to flow in the absence of superconducting phase bias. We relate the associated field-tunable phase shift ϕ0\phi_0 in the Josephson relation of such a ϕ0\phi_0-junction to the existence of a so-called helical superconductivity, which may result from the interplay of the Zeeman effect and spin-orbit coupling. We analyze the dependence of the magneto-supercurrent on the junction length and discuss its observability in suitably designed hybrid structures subject to an in-plane magnetic field.Comment: 7 pages, 3 figures, Appendix and references adde

    Flow curvature effects on dynamic behaviour of a novel vertical axis tidal current turbine: numerical and experimental analysis

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    The paper deals with performances analysis of vertical axis turbine to exploit tidal marine currents. Flow curvature effects on performences of a novel vertical axis turbine have been investuigated. It has been shown that the flow curvature effect allows to design properly an accurate airfoil shape to increase turbine performances

    Electron-vibration coupling constants in positively charged fullerene

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    Recent experiments have shown that C60 can be positively field-doped. In that state, fullerene exhibits a higher resistivity and a higher superconducting temperature than the corresponding negatively doped state. A strong intramolecular hole-phonon coupling, connected with the Jahn-Teller effect of the isolated positive ion, is expected to be important for both properties, but the actual coupling strengths are so far unknown. Based on density functional calculations, we determine the linear couplings of the two a_g, six g_g, and eight h_g vibrational modes to the H_u HOMO level of the C60 molecule. The couplings predict a D_5 distortion, and an H_u vibronic ground state for C60^+. They are also used to generate the dimensionless coupling constant which controls the superconductivity and the phonon contribution to the electrical resistivity in the crystalline phase. We find that is 1.4 times larger in positively-charged C60 than in the negatively-doped case. These results are discussed in the context of the available transport data and superconducting temperatures. The role of higher orbital degeneracy in superconductivity is also addressed.Comment: 22 pages - 3 figures. This revision includes few punctuation corrections from proofreadin

    The Equilibrium Photoionized Absorber in 3C351

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    We present two ROSAT PSPC observations of the radio-loud, lobe-dominated quasar 3C 351, which shows an `ionized absorber' in its X-ray spectrum. The factor 1.7 change in flux in the \sim2~years between the observations allows a test of models for this ionized absorber. The absorption feature at ~0.7 keV (quasar frame) is present in both spectra but with a lower optical depth when the source intensity - and hence the ionizing flux at the absorber - is higher, in accordance with a simple, single-zone, equilibrium photoionization model. Detailed modeling confirms this agrement quantitatively. The maximum response time of 2 years allows us to limit the gas density: n_e > 2 x 10^4 cm^{-3}; and the distance of the ionized gas from the central source R < 19 pc. This produces a strong test for a photoionized absorber in 3C~351: a factor 2 flux change in ~1 week in this source must show non-equilibrium effects in the ionized absorber.Comment: 10 pages, 3 figures, accepted by Ap

    BeppoSAX Observations of the Maser Sy2 Galaxy: ESO103-G35

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    We have made BeppoSAX observations of the Seyfert 2/1.9 galaxy ESO103-G35, which contains a nuclear maser source and is known to be heavily absorbed in the X-rays. Analysis of the X-ray spectra observed by SAX in October 1996 and 1997 yields a spectral index 0.74+/-0.07, typical of Seyfert galaxies and consistent with earlier observations of this source. The strong, soft X-ray absorption has column density 1.79E(23)/cm^2, again consistent with earlier results. The best fitting spectrum is that of a power law with a high energy cutoff at 29+/-10 keV, a cold, marginally resolved Fe Kalpha line with EW 290 eV (1996) and a mildly ionized Fe K-edge at 7.37 keV. The Kalpha line and cold absorption are consistent with origin in a accretion disk/torus through which our line-of-sight passes at a radial distance of 50\sim 50 pc. The Fe K-edge is mildly ionized suggesting the presence of ionized gas probably in the inner accretion disk, close to the central source or in a separate warm absorber. The data quality is too low to distinguish between these possibilities but the edge-on geometry implied by the water maser emission favors the former. Comparison with earlier observations of ESO103-G35 shows little/no change in spectral parameters while the flux changes by factors of a few on timescales of a few months. The 2--10 keV flux decreased by a factor of 2.7 between Oct 1996 and Oct 1997 with no detectable change in the count rate >20 keV suggesting a constant or delayed response reflection component. The high energy cutoff is lower than the typical 300keV values seen in Seyfert galaxies. A significant subset of similar sources would affect current models of the AGN contribution to the cosmic X-ray background which generally assume a high energy cutoff of 300 keV.Comment: 22 pages, postscript file, accepted for publication in Ap
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