Polarized Name Passing Martin Odersky. Proc. FST & TCS, Bangalore, India, December 18-20, 1995. Abstract: We study a refinement of name passing in a process calculus, where names have input and output polarities. Building on a simple asynchronous reduction semantics, we develop a notion of polarized bisimulation and show that it is a congruence. We then give an encoding of Moggi's computational lambda calculus in polarized $\pi$ which preserves all of Moggi's observational equivalences except the $\eta$-value rule.