Measuring star formation in high-z massive galaxies: a mid-infrared to submillimetre study of the GOODS NICMOS Survey sample

We present measurements of the mean mid-infrared to submillimetre flux densities of massive (M_*≳ 10^11 M_⊙) galaxies at redshifts 1.7 < z < 2.9, obtained by stacking positions of known objects taken from the GOODS NICMOS Survey (GNS) catalogue on maps at 24 μm (Spitzer/MIPS); 70, 100 and 160 μm (Herschel/PACS); 250, 350 and 500 μm (BLAST); and 870 μm (LABOCA). A modified blackbody spectrum fit to the stacked flux densities indicates a median [interquartile] star formation rate (SFR) of SFR = 63[48, 81] M_⊙ yr^−1. We note that not properly accounting for correlations between bands when fitting stacked data can significantly bias the result. The galaxies are divided into two groups, disc-like and spheroid-like, according to their Sérsic indices, n. We find evidence that most of the star formation is occurring in n≤ 2 (disc-like) galaxies, with median [interquartile] SFR = 122[100, 150] M_⊙ yr^−1, while there are indications that the n > 2 (spheroid-like) population may be forming stars at a median [interquartile] SFR = 14[9, 20] M_⊙ yr^−1, if at all. Finally, we show that star formation is a plausible mechanism for size evolution in this population as a whole, but find only marginal evidence that it is what drives the expansion of the spheroid-like galaxies.

Star formation in a stellar mass-selected sample of galaxies to z=3 from the GOODS-NICMOS Survey

We present a study of the star-forming properties of a stellar mass-selected sample of galaxies in the GOODS (Great Observatories Origins Deep Survey) NICMOS Survey (GNS), based on deep Hubble Space Telescope (HST) imaging of the GOODS North and South fields. Using a stellar mass-selected sample, combined with HST/ACS and Spitzer data to measure both ultraviolet (UV) and infrared-derived star formation rates (SFRs), we investigate the star forming properties of a complete sample of ∼1300 galaxies down to log M_*= 9.5 at redshifts 1.5 < z < 3. Eight per cent of the sample is made up of massive galaxies with M_*≥ 10^11 M_⊙. We derive optical colours, dust extinctions and UV and infrared SFR to determine how the SFR changes as a function of both stellar mass and time. Our results show that SFR increases at higher stellar mass such that massive galaxies nearly double their stellar mass from star formation alone over the redshift range studied, but the average value of SFR for a given stellar mass remains constant over this ∼2 Gyr period. Furthermore, we find no strong evolution in the SFR for our sample as a function of mass over our redshift range of interest; in particular we do not find a decline in the SFR among massive galaxies, as is seen at z < 1. The most massive galaxies in our sample (log M_*≥ 11) have high average SFRs with values SFR_UV, corr= 103 ± 75 M_⊙ yr^−1, and yet exhibit red rest-frame (U−B) colours at all redshifts. We conclude that the majority of these red high-redshift massive galaxies are red due to dust extinction. We find that A_2800 increases with stellar mass, and show that between 45 and 85 per cent of massive galaxies harbour dusty star formation. These results show that even just a few Gyr after the first galaxies appear, there are strong relations between the global physical properties of galaxies, driven by stellar mass or another underlying feature of galaxies strongly related to the stellar mass.

Status of the review of the Constituent Declaration and Rules of Procedure of the CDCC

Includes bibliography

A conformidade na Convenção das Nações Unidas sobre contratos de compra e venda internacional de mercadorias

O presente estudo analisa o regime da conformidade das mercadorias na Convenção das Nações Unidas sobre Contratos de Compra e Venda Internacional de Mercadorias CISG, tema de maior parte dos litígios envolvendo o Comércio Internacional. Assim, após breve histórico da Convenção, ressaltando sua atual importância, aborda-se o conceito de conformidade das mercadorias e as diferentes características que este engloba. Prossegue-se, então, à análise dos diversos e complementares critérios de verificação da conformidade, tanto de ordem subjetiva quanto objetiva, expostos particularmente no art. 35 da Convenção. Detalha-se a maneira como a vontade das partes interage com os requisitos objetivos traçados, bem como o modo de aplicação e as discussões doutrinárias e jurisprudências que incidem sobre cada um deles. Dessa forma, busca-se consolidar a teoria e a prática do Comércio Internacional, para estabelecer as formas adequadas e inadequadas de aplicação do conceito de conformidade da Convenção, bem como seus efeitos sobre as partes contratantes.

Le transfert de documents conformes et la résolution du contrat pour leur non-conformité selon la convention de Vienne sur la vente internationale de marchandises

La présente étude examine une des difficultés que soulève l'exécution des contrats de vente mettant en relation des parties situées dans des pays différents. Ces contrats connaissent des problèmes bien particuliers. En effet, en donnant lieu à l'expédition des marchandises vendues, ces contrats obligent aussi le vendeur à transférer à l'acheteur les documents conformes représentatifs de celles-ci. La non-conformité des documents se distingue de la non-conformité des marchandises et constitue une source principale des litiges visant la résolution des contrats dans ce secteur commercial. La diversité des solutions susceptibles de s'y appliquer est devenue une réalité depuis que les droits internes doivent coexister avec les règles de la Convention de Vienne sur la vente internationale de marchandises. En principe, aucune difficulté ne se pose lorsqu'un droit interne est désigné comme étant le droit compétent: il suffirait d'appliquer les solutions de ce droit. Ainsi, par exemple, l'acheteur peut résoudre le contrat si les documents ne sont pas conformes aux stipulations contractuelles sur la base du concept de fundamental breach (en cas de vente non documentaire) ou sur la base de la stricte conformité (en cas de vente documentaire) que retiennent les droits anglo-américain; en revanche dans les systèmes de droit civil (où la distinction entre vente documentaire et vente non documentaire n'existe pas), pareille résolution du contrat basée sur le défaut de conformité des documents n'est possible qu'en présence d'un préjudice important ou d'un défaut majeur. Plusieurs justifications fondamentales sous-tendent la raison d'être des solutions retenues par les droits nationaux: quête de sécurité juridique et recherche de solution conforme aux besoins des opérateurs du commerce international. Néanmoins, il appert que de telles justifications sont également présentes dans la Convention de Vienne. De plus, cette Convention oblige le vendeur à transférer à l'acheteur les documents conformes de la vente. Cependant, elle le fait de manière indirecte sans pour autant préciser quels types de documents doivent faire l'objet du transfert. L'opportunité d'un tel transfert dépendra donc, sous réserves des dispositions impératives, de l'accord des parties et des usages commerciaux qui ont préséance sur les règles unifiées. Ce qui en fait parfois une question d'interprétation du contrat ou une question de comblement des lacunes de ce droit uniforme de la vente internationale. En ce sens, ce dernier droit diffère des droits nationaux qui sont plus clairs à cet égard. Quant aux conditions de la résolution du contrat pour non-conformité des documents, quel que soit le système national considéré, la solution qu'il consacre contraste avec celle prévue par la Convention de Vienne qui n'admet une telle sanction qu'en présence d'une contravention essentielle. Cette dualité entre droits nationaux et droit matériel uniforme nous met en face d'un constat bien évident: l'avènement de la Convention de Vienne sur la vente internationale de marchandises et la règle de la contravention essentielle qu'elle consacre, perturbent le paysage juridique jusqu'ici en vigueur dans chacun des États signataires. Ce qui justifie tout l'intérêt du sujet: la contravention essentielle par opposition à la règle de la stricte conformité et celle basée sur l'importance du préjudice prévues par les droits internes sont-elles des règles exclusives l'une de l'autre? La réponse est loin d'être certaine en dépit des convergences possibles dans le dénouement du contentieux de la résolution, même si par ailleurs il faut admettre qu'il s'agit de régimes juridiques bien différents. Tout en subordonnant la résolution du contrat à l'existence d'une contravention essentielle, lorsque la Convention de Vienne s'applique (DEUXIÈME PARTIE), la présente étude propose une interprétation de celle-ci en examinant son contenu ainsi que les différentes sources qui interfèrent dans sa mise en œuvre afin de démontrer que ce droit uniforme, malgré ses limites, régit les aspects documentaires de la vente internationale (PREMIÈRE PARTIE).

Tariff, or rates of duties payable on goods, wares and merchandise, imported into the United States ... in conformity with the Compromise Act. Also ... Tariff law of 1832 ... relating to Commerce and Revenue.

Mode of access: Internet.

Tariff, or Rates of duties payable on goods, wares, and merchandies imported into the United States of America : from and after the first day of July, 1857, in conformity with the act of Congress, approved March 3, 1957. Also, containing all the recent circulars and decisions of the Treasury department, relating to commerce and the revenue. Tables of foreign weights, measures, currencies, & C., reduced to the United States standard /

Mode of access: Internet.

Tariff, or, Rates of duties payable on goods, wares and merchandise, imported into the United States of America : on and after the first day of January, 1840, until the thirtieth day of June, 1842, inclusive, in conformity with the Compromise Act : also, the rates of duties imposed by the Tariff Law of 1832, together with many important laws, circulars, and decisions of the Treasury Department, relating to commerce and the revenue, and much useful information to merchants, masters of vessels, and others /

Goldsmiths'-Kress no. 31474.26.

Tariff, or, Rates of duties payable on goods, wares, and merchandise : imported into the United States of America on and after the first day of October, 1841, until the thirtieth day of June, 1842, inclusive, in conformity with the Act of September 11, 1841 : also, the rates of duties imposed by the Tariff Law of 1832 : also, containing many important laws, circulars and decisions of the Treasury Department, relating to commerce and the revenue : and much useful information to merchants, masters of vessels, and others doing business at the custom house /

Mode of access: Internet.

The economics of credence goods: An experimental investigation of the role of verifiability, liability, competition and reputation in credence goods markets

Credence goods markets are characterized by asymmetric information between sellers and consumers that may give rise to inefficiencies, such as under- and overtreatment or market break-down. We study in a large experiment with 936 participants the determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation has little influence, as predicted. Seller competition drives down prices and yields maximal trade, but does not lead to higher efficiency as long as liability is violated.

The economics of credence goods : an experiment on the role of liability, verifiability, reputation and competition

Credence goods markets are characterized by asymmetric information between sellers and consumers that may give rise to inefficiencies, such as under- and overtreatment or market breakdown. We study in a large experiment with 936 participants the determinants for efficiency in credence goods markets. While theory predicts that liability or verifiability yield efficiency, we find that liability has a crucial, but verifiability at best a minor, effect. Allowing sellers to build up reputation has little influence, as predicted. Seller competition drives down prices and yields maximal trade, but does not lead to higher efficiency as long as liability is violated. (JEL D12, D82)

Interior of the Konservenfabrik E. Arnold und Co. (Arnold and Co. canned goods factory); Fuerth, Bavaria Business Establishments; Factories

Digital Image

Interior of the Konservenfabrik E. Arnold und Co. (Arnold and Co. canned goods factory); Fuerth, Bavaria Business Establishments; Factories

Digital Image