441 research outputs found
Identifying the 3FHL Catalog. VI. Results of the 2019 Gemini Optical Spectroscopy
No full textActive galactic nuclei with their relativistic jets pointed toward the observer are a class of luminous gamma-ray sources commonly known as blazars. The study of this source class is essential to unveil the physical processes powering these extreme jets, to understand their cosmic evolution, as well as to indirectly probe the extragalactic background light. To do so, however, one needs to correctly classify and measure a redshift for a large sample of these sources. The Third Fermi–LAT Catalog of High-Energy Sources (3FHL) contains 1212 blazars detected at energies greater than 10 GeV. However, ∼25% of these sources are unclassified and ∼56% lack redshift information. To increase the optical completeness of blazars in the 3FHL catalog, we devised an optical spectroscopic follow-up campaign using 4 m and 8 m telescopes. In this paper, we present the results of the last part of this campaign, where we observed 5 blazars using the 8 m Gemini-S telescope in Chile. We report all the 5 sources to be classified as BL Lacs, a redshift lower limit for 2 sources, and featureless spectra for the remaining 3 sources. We also performed a one-zone leptonic fit to the two sources with the redshift lower limits
Alice B. Donahue - 02
No full textPhotograph - Alice Donahue at Helen's 7th birthday, Athabasca, Alberta. Fay Labrie, Paula Spornetz, Sharon Hal
The housing market in the Russian Federation : privatization and its implications for market development
No full textThe author reviews sociological data on privatization and the development of a housing market in Russia through 1996. Using data from urban surveys largely unknown outside Russia, she also considers demand for housing and household mobility in Russia. Since early 1997 the Russian government has increasingly focused on housing reform. Current policy calls for a reduction (in stages) of housing subsidies (for which both owners and tenants of privatized apartments are eligible), with the goal of 100 percent cost recovery by 2003. But household incomes are not expected to rise commensurately, so housing's share of the household budget is likely to grow for most Russians. By the end of 1996 about 55 percent of Russian housing was privately owned. The rate of privatization peaked in Moscow in 1993 and has since abated considerably, essentially coming to a halt in 1996. The pattern was the same in smaller cities, but with a later starting date. Not surprisingly, high-quality apartments in city centers have much higher rates of privatization than lower-quality housing some distance from the center. Also affecting the decision to privatize are demographic characteristics of the occupants and household incomes, values, and education levels. Privatization has produced a far-from-uniform class of owners. The two groups most likely to have privatized their apartments--pensioners and the relatively well-off--have quite different effects on the housing market . Pensioners--the larger group--are generally not inclined to move and thus exert a negative effect on housing mobility. The well-off--a much smaller group--can be expected to participate actively in the housing market. There has been some movement toward a more efficient allocation of housing. Because of economic forces, part of the mover households moved from their original apartments to apartments that were somehow inferior. Moreover the housing market allows poorer households to find housing more in keeping with their ability and willingness to pay for it. Many renters in Russia have chosen not to privatize their apartments, influenced largely by the sense of"occupation rights"inherited from the former Soviet Union. Many Russians have little incentive to privatize their housing, but data from Moscow and two smaller cities indicate that market ideas about searching for housing are beginning to penetrate the Russian public's mentality.Real Estate Development,Land andReal Estate Development,Municipal Housing and Land,Banks&Banking Reform,Housing&Human Habitats,Housing&Human Habitats,Urban Housing,Municipal Housing and Land,Real Estate Development,Land and Real Estate Development
Family altruism and incentives
No full textThe author builds on the altruistic model of the family, to explore the strategic interaction between altruistic parents, and selfish children, when children's efforts are endogenous. If there is uncertainty about the amount of income the children will realize, and if parents have imperfect information, the children have an incentive to exert little effort, and to rely on their parent's altruistically motivated transfers. Because of this, parents face a tradeoff between the insurance that bequests implicitly provide their children, and the disincentive to work prompted by their altruism. The author shows that if parents can credibly commit to a pattern of transfers, they will choose not to compensate children in bad outcomes, as much as predicted by the standard (no uncertainty, no asymmetric information) dynastic model of the family. Alternatively, parents may choose to forgo any insurance, and offer a fixed level of bequest, to elicit greater effort from their children. The optimal transfers structure that the author derives, reconciles the predictions of the altruistic family model, with much of the existing evidence on inter-generational transfers, which suggests that parents compensate only partially, or not at all, for earnings differentials among their children. Moreover, the author shows that Ricardian equivalence holds in this setup, except when non-negativity constraints are binding.Economic Theory&Research,Environmental Economics&Policies,Health Economics&Finance,Educational Sciences,Safety Nets and Transfers
Developing countries'participation in the World Trade Organization
No full textIn the 1960s and 1970s developing countries viewed UNCTAD (United Nations Conference on Trade&Development) rather than the GATT (General Agreement on Tariffs&Trade) as the main institution through which to promote their interests in international trade. But beginning with the Uruguay Round in the mid-1980s, their attitude changed, many more of them became members of the GATT, and a significant number played an active role in negotiations. The author analyzes developing countries'representation and participation in the World Trade Organization (WTO) as of mid-1997 to determine how developing countries can effectively promote their interests and discharge their responsibilities under the rules and agreements of the new organization. He concludes that although many developing countries are actively participating in the new process, more than half of the developing countries that are members of the WTO participate little more than they did in the early 1980s and have not increased their staffing, despite the vastly greater complexity of issues and obligations. Institutional weaknesses at home are the main constraints to effective participation and representation of their interests at the WTO. To make their participation more effective, he recommends that the developing countries establish adequately staffed WTO missions based in Geneva; failing that, pooling their resources and representation in Geneva; and being sure to pay their dues, which are typically small. He also recommends that the international community place higher priority on programs of assistance in support of institutional development of poorer countries aimed at enhancing their capacity to participate in the international trading system and the WTO -- and that the WTO review its internal rules and procedures to ensure that inadvertently they do not make developing countries participation more difficult.Economic Theory&Research,Decentralization,Economic Conditions and Volatility,Country Strategy&Performance,Labor&Employment Law,Trade and Services,Poverty Assessment,Economic Theory&Research,World Trade Organization,Country Strategy&Performance
Can reforming global institutions help developing countries share more in the benefits from globalization?
No full textGlobalization could significantly expand trade, international investment, and technological advances, but the gains from global integration have been unevenly distributed across and within nations. Greater global interdependence has also brought greater macroeconomic volatility, resulting in several serious financial crises in the second half of the 1990s. The global matrix of Bretton Woods and United Nations institutions that developed starting in the 1940s, formed under a different balance of power, in a world of fixed exchange rates and limited capital mobility. Since the 1960s regional financial institutions have emerged because of the greater autonomy of different regions and the greater financial needs of development. The author reviews different proposals for reform of the international financial institutions and changes in the roles of the International Monetary Fund (IMF) and the World Bank. He highlights the implications for developing countries of (1) Policy conditionality. (2) The countercyclical role of multilaterals'lending. (3) Greater lending to middle-income than to low-income developing countries. (3) Access to liquidity at times of crisis. (4) Mechanisms for giving low-income countries a greater voice in IMF and World Bank decisionmaking. The author streses the overlapping responsibilities of the Bretton Woods and regional financial institutions and the need to reassess the allocation of responsibilities and to develop better coordination mechanisms between these institutions. Those designing institutional reform must consider the corporate capabilities of each type of institution. The corporate cultures of global and regional institutions differ. So does the kind of knowledge they generate and disseminate, and so do patterns of interactions with, and mechanisms for representation of, client countries.Finally, the author calls attention to the need to harmonize national and global growth-oriented policies in a way that reduces volatility and promotes social equity.Environmental Economics&Policies,Governance Indicators,Financial Intermediation,Economic Theory&Research,Banks&Banking Reform
Development of natural gas and pipeline capacity markets in the United States
No full textDeregulation of the U.S. natural gas industry has been under way since the late 1970s. The industry was deregulated to create competitive markets in natural gas and its pipeline transportation, in the expectation that competition would guide transactions toward a more efficient outcome. The author provides an overview of the deregulation process and its effect on the development and functioning of natural gas and gas transportation markets in the United States. He analyzes the trading of pipeline capacity in primary and secondary markets and the regulation of pipeline transportation, identifies mechanisms that pipeline companies use to coordinate bilateral transactions, and summarizes deregulation's main achievements in the U.S. natural gas industry. Industry achievements in the past 15 years show that expectations were not realistic. The United States enjoys a highly competitive interstate transportation market. Both markets have benefited from the deregulation of natural gas production and marketing and the liberalization of natural gas prices. Introducing open access to interstate pipelines and their unbundling from gas sales has allowed end users to participate in the efficiency gains in upstream markets. All this has contributed to declining retail prices for all major consumer categories. Deregulation is far from complete, however. Current regulation of interstate pipeline companies and the secondary transportation market does not promote efficient allocation of transportation contracts. Flexible pricing of transportation contracts should be introduced in both the primary and secondary transportation markets. But deregulation of retail markets remains the most important task and the bigger challenge facing industry regulators. Small-volume end users (such as residential or commercial customers) are captive to local distribution utilities, without access to competitive wholesale markets. All end users should be able to choose a natural gas supplier and receive natural gas at the minimum cost to society.Oil&Gas,Water and Industry,Markets and Market Access,Economic Theory&Research,Environmental Economics&Policies,Transport and Environment,Water and Industry,Oil Refining&Gas Industry,Oil&Gas,Carbon Policy and Trading
Concession contract renegotiations : some efficiency versus equity dilemmas
No full textThe authors analyze the possibility of tradeoffs between efficiency and equity as well as the possibility of distributional conflicts in the context of renegotiation of infrastructure contracts in developing countries. To do so, they present a model in which contracts are awarded by auctioning the right to operate an infrastructure service to a private monopoly, and consider the possibility of renegotiation. To identify the potential sources of tradeoffs, they trackthe possible outcomes of different renegotiation strategies for the monopoly running the concession and for the two groups of consumers-rich and poor-who alternate in power according to a majority voting rule. Among the model? most important policy implications is this: if having firm-driven renegotiations is a major concern, efficiency should not be the only consideration in selecting an operator. Indeed, consumers may want to award the concession to a less efficient firm if that would reduce the probability of renegotiation, since a lower probability of firm-driven renegotiations (due to demand shocks, for example) is associated with higher welfare for all service users.Environmental Economics&Policies,Labor Policies,Markets and Market Access,Economic Theory&Research,International Terrorism&Counterterrorism,Economic Theory&Research,Environmental Economics&Policies,Markets and Market Access,Access to Markets,International Terrorism&Counterterrorism
Voucher privatization with investment funds : an institutional analysis
No full textCommon wisdom among post-socialist reformers has beento use voucher investment funds to provide the corporate governance needed to restructure newly privatized enterprises after mass privatization efforts. The idea has been that mass privatization would spread the ownership too wide and make corporate governance difficult. The author examines the likely institutional behavior of voucher funds and the possible effects of their development on a transition economy. Since most policy advice has been in favor of voucher privatization with investment funds, the author can be seen as playing the devil's advocate, but his argument is institutional, not statistical. Policymaking requires insight and foresight into how institutions will tend to function. He concludes that voucher funds will introduce a bias in the economy away from the real industrial sector toward an ersatz"financial sector"that will have little if any positive financial role but will be well-protected by friendly regulators. One long-term consequence of voucher privatization with investment funds, according to this view, is a de facto"industrial policy"of real sector decapitalization in favor of short-term rent-seeking by fund managers through board sinecures and lucrative side deals with portfolio companies and through financial market manipulation and paper entrepreneurship in the"financial sector."Without strong corporate governance from the funds and without stable ownership of their own, many enterprise managers will exploit the post-socialist version of the"separation of ownership and control"to grab what they can in the form of salaries, bonuses, perquisites, and side deals. The most likely results of the strategy of voucher privatization with investment funds may be a two-sided grab fest by fund managers and enterprise managers -- together with the accompanying drift, stagnation, and decapitalization of the privatized industrial sector.Economic Adjustment and Lending,Payment Systems&Infrastructure,International Terrorism&Counterterrorism,Economic Theory&Research,Banks&Banking Reform,International Terrorism&Counterterrorism,Banks&Banking Reform,Economic Adjustment and Lending,Environmental Economics&Policies,Economic Theory&Research
Développement d'une méthode de quantification par PCR en temps-réel afin d'étudier la distribution de trois espèces de levures indigènes dans les fromages québécois
No full textLes fromages de spécialités supportent un écosystème complexe regroupant des bactéries, des levures et des moisissures. Bien que des ferments d’acidification et des cultures d’affinage soient ajoutés lors du procédé de fabrication, plusieurs autres microorganismes peuvent s’y développer. Ainsi, les levures indigènes, naturellement présentes dans l’environnement laitier, pourraient contribuer de façon directe et/ou indirecte au développement des propriétés sensorielles (saveur, odeur, texture) des fromages. Une étude précédente a permis de caractériser la microflore des fromages québécois. Trois espèces de levures indigènes (Cyberlindnera jadinii, Kazachstania servazzii et Pichia k udriavzevii) ont été détectées dans le lait cru et/ou dans les fromages de spécialité provenant de la province de Québec, mais leur prédominance et leur rôle n’avaient pas été déterminés. Le but de ce projet était d’évaluer la distribution de ces trois espèces de levures indigènes dans les fromages de spécialités du Québec. Pour ce faire, une méthode spécifique et sensible utilisant la PCR quantitative en temps-réel a été développée afin de pouvoir détecter et quantifier ces trois espèces de levures. Par la suite, la croûte et la pâte de fromages québécois ont été analysées afin d’obtenir plus d’indices quant à la localisation de ces espèces dans les fromages et leur importance dans l’affinage de ceux-ci. Ce projet a permis de mettre en évidence que C. jadini iet P. k udriavzevii sont des levures fréquemment retrouvées dans la majorité des fromages de spécialités du Québec. Il serait donc intéressant d’approfondir leur impact au niveau de la production de composés aromatiques et d’analyser si le développement de nouveaux ferments qui contiendraient ces espèces serait bénéfique.The complex fungal ecosystems of specialty cheeses are increasingly studied because of the potential contribution of indigenous yeasts to the development of the cheese’s sensory properties. They may contribute directly or indirectly by their interaction with the funga l ecosystem or the modification of the cheese matrix. Previous studies detected Cyberlindnera jadinii, Kazachstania servazzii and Pichia k udriavzeviiin both raw milk and/or artisanal specialty cheeses from the province of Québec. The aim of this project was toanalyze the distribution of these three yeast species in cheeses made in the province of Québec. A highly specific and quantitative real time PCR assay was developed to quantitate these yeast species. The rind and the core of cheeses made in the province of Québec were sampled and analyzed using this method. Tracking of C. jadinii and P. k udravzeviirevealed that these yeasts are found within the majority of the analyzed cheeses. This study is the first step toward a better understanding of the possible contribution of these indigenous yeasts species in the development of cheese flavors, and their role in the cheese’s fungal ecosystem
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