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Abstract. We summarize the evidence from multiwavelength observations that the dominant power source in the majority of ultraluminous infrared galaxies (ULIGs) may be an active galactic nucleus (AGN). In the broader context of the debate, we also show that - 1. ULIGs are indeed a key stage in the transformation of merging gas-rich disks into ellipticals, 2. ULIGs are plausibly the precursors of quasi-stellar objects (QSOs), and 3. ULIGs do appear to be local templates of the high luminosity tail of major gas-rich mergers at z ~ 1-4.
Table of Contents
BACKGROUND
Key Topics for the Debate
OPENING REMARKS
Working Definitions
"ULTRALUMINOUS GALAXIES: MONSTERS OR BABIES"
Multiwavelength Properties of the Nearest
ULIGs
Radio
Mid-IR
Near-IR
Optical
X-ray
Summary: Comparison with RQQSOs
MERGER SEQUENCE
PRECURSORS OF QSOS
LOCAL TEMPLATES OF HIGH-z MERGERS
CONCLUDING REMARKS
REFERENCES