Geotechnical properties of Lau Basin sediments

Distribution of pore space and degree of cementation appear to be the main factors controlling the permeability of sediments retrieved from the Lau Basin. The undisturbed microfabrics of two lithologies, nannofossil ooze and vitric sandy silt, commonly found at Holes 834A, 835A, 838A, and 839Aof Leg 135 were examined by scanning electron microscopy equipped with energy dispersive X-ray spectral analysis and image analysis systems. The results of these analyses were compared with laboratory determinations of porosity, grain-size distribution, and permeability on discrete samples from the same sediment depths. The permeability of the vitric sandy silt is 3-5 orders of magnitude higher than the nannofossil ooze samples. The porosity of nannofossil ooze ranges from 6% to 12% greater than the porosity of vitric sandy silt, which partially reflects the finer texture of nannofossil ooze. Although the correlation of higher porosity with lower permeability is not surprising, factors other than simply grain-size distribution must be invoked to explain the large differences in permeability found in these samples.

Geotechnical properties of sediments at DSDP Site 75-532

During Leg 75 of the Deep Sea Drilling Project (DSDP) from the D/V Glomar Challenger, a 200-m deep hole was drilled at Hole 532A on the eastern side of Walvis Ridge at a water depth of 1331 m. Sediment cores were obtained by means of a hydraulic piston corer. All of the cores from this boring were designated for geotechnical studies and were distributed among eight institutions. The results of laboratory studies on these sediment cores were compiled and analyzed. Sediment properties, including physical characteristics, strength, consolidation, and permeability were studied to evaluate changes as a function of depth of burial. It was concluded that the sediment profile to the explored depth of 200 m at Walvis Ridge consists of approximately 50 m of foram-nannofossil marl (Subunit 1a) over 64 m of diatom-nannofossil marl (Subunit 1b) over nannofossil marl (Subunit 1c) to the depth explored. All three sediment units appear to be normally consolidated, although some anomalies seem to exist to a depth of 120 m. No distinct differences were found among the sediment properties of the three subunits (1a, 1b, and 1c) identified at this site.

Geochemical composition and crystallization conditions of melts from the Mid Atlantic Ridge near Ascension Island (7-11°S)

Phase equilibria simulations were performed on naturally quenched basaltic glasses to determine crystallization conditions prior to eruption of magmas at the Mid-Atlantic Ridge (MAR) east of Ascension Island (7°11°S).The results indicate that midocean ridge basalt (MORB) magmas beneath different segments of the MAR have crystallized over a wide range of pressures (100-900MPa). However, each segment seems to have a specific crystallization history. Nearly isobaric crystallization conditions (100-300MPa) were obtained for the geochemically enriched MORB magmas of the central segments, whereas normal (N)-MORB magmas of the bounding segments are characterized by polybaric crystallization conditions (200-900MPa). In addition, our results demonstrate close to anhydrous crystallization conditions of N-MORBs, whereas geochemically enriched MORBs were successfully modeled in the presence of 0.4-1wt% H2O in the parental melts.These estimates are in agreement with direct (Fourier transform IR) measurements of H2O abundances in basaltic glasses and melt inclusions for selected samples. Water contents determined in the parental melts are in the range 0.04-0.09 and 0.30-0.55 wt% H2O for depleted and enriched MORBs, respectively. Our results are in general agreement (within ±200MPa) with previous approaches used to evaluate pressure estimates in MORB. However, the determination of pre-eruptive conditions of MORBs, including temperature and water content in addition to pressure, requires the improvement of magma crystallization models to simulate liquid lines of descent in the presence of small amounts of water. KEY WORDS: MORB; Mid-Atlantic Ridge; depth of crystallization; water abundances; phase equilibria calculations; cotectic crystallization; pressure estimates; polybaric fractionation

Imperfect Competition and Costly Screening in the Credit Market under Conditions of Asymmetric Information

This article provides an analysis of how banks determine levels of information production when they are in imperfect competition and there is a condition of information asymmetry between borrowers and banks. Specifically, the study concentrates on information production activities of banks in duopoly where they simultaneously determine intensity of pre-loan screening as well as interest rates. The preliminary model of this paper illustrates that due to strategic complementarities between banks, banking competition can result in inferior equilibrium out of multiple equilibria and insufficient information production. Policymakers must take into account the possible adverse effects of competition-enhancing policies on information production activities.