Degree of Instant Competition: Estimation of Market Power in India Instant Coffee Market

The new competition policy of the Government of India seeks to promote competition to protect consumer interests and increase market efficiency. In fact, the degree of price transmission between farmers and final consumers also depends on the degree of competition in the processing sector. Moreover, policy of trade liberalization too is expected to have impact on domestic markets. It becomes imperative, therefore, that one knows the degree of competition in various domestic industries. Instant coffee market in India is a duopoly of Nestl� and Hindustan Lever for decades. They also differentiate their products through branding. At the same time, however, incumbents might have perceived potential competition from another firm, Tata Coffee. In fact, instant coffee can be considered as a part of a larger beverage market with numerous competing products. With trade liberalization, imports have also started trickling in. Thus, circumstantial evidence regarding degree of competition or the market power in the instant coffee market is rather mixed one. By econometrically estimating the perceived first-order supply relation and the demand function, we calculate the market power parameter. Results indicate that the market is not characterized by collusive behaviour. It is quite close to perfectly competitive behaviour although we cannot reject the Cournot-Nash behaviour as well. The econometric study may be complemented by in-depth case study on coffee procurement, processing, and pricing by leading producers. Similar estimations of market power and case studies may be undertaken for other industries as well.

Nonlinear Volatility of River Flux Fluctuations

We study the spectral properties of the magnitudes of river flux increments, the volatility. The volatility series exhibits (i) strong seasonal periodicity and (ii) strongly power-law correlations for time scales less than one year. We test the nonlinear properties of the river flux increment series by randomizing its Fourier phases and find that the surrogate volatility series (i) has almost no seasonal periodicity and (ii) is weakly correlated for time scales less than one year. We quantify the degree of nonlinearity by measuring (i) the amplitude of the power spectrum at the seasonal peak and (ii) the correlation power-law exponent of the volatility series.Comment: 5 revtex pages, 6 page

Ion thermal effects in oscillating multi-ion plasma sheath theory

The effects of ion temperature are discussed in a two-ion electron plasma and for a model applicable to the oscillating sheath theory that has recently been much in the focus of researchers. The differences between the fluid and kinetic models have been pointed out, as well as the differences between the approximative kinetic description (which involves the expansion of the plasma dispersion function), and the exact kinetic description. It is shown that the approximative kinetic description, first, can not describe the additional acoustic mode which naturally exists in the plasma with an additional ion population with a finite temperature, and, second, it yields an inaccurate Landau damping of the bulk ion acoustic mode. The reasons for these two failures are described. In addition to this, a fluid model is presented that is capable of capturing both of these features that are missing in the approximative kinetic description, i.e., two (fast and slow) ion acoustic modes, and the corresponding Landau damping of both modes

A high flux source of cold strontium atoms

We describe an experimental apparatus capable of achieving a high loading rate of strontium atoms in a magneto-optical trap operating in a high vacuum environment. A key innovation of this setup is a two dimensional magneto-optical trap deflector located after a Zeeman slower. We find a loading rate of 6x10^9/s whereas the lifetime of the magnetically trapped atoms in the 3P2 state is 54s.Comment: 12 pages, 16 figure

Interstellar extinction in the open clusters towards galactic longitude around 130 degrees

In this paper we present a detailed study of the intra-cluster reddening material in the young open clusters located around $l \sim 130^o$ using colour-excess diagrams and two-colour diagrams. The study supports the universality of the extinction curves for $\lambda \geq \lambda_J$, whereas for shorter wavelengths the curve depends upon the value of the $R_{cluster}$ (total-to-selective absorption in the cluster region). The value of $R_{cluster}$ in the case of NGC 654, NGC 869 and NGC 884 is found to be normal, whereas the value of $R_{cluster}$ in the cluster regions NGC 1502 and IC 1805 indicates an anomalous reddening law in these regions. It is also found that the extinction process in the $U$ band in the case of NGC 663 seems to be less efficient, whereas in the case of NGC 869 the process is more efficient