In Part I, Deligne-Riemann-Roch isometry is generalized for punctured Riema
nn surfaces equipped with quasi-hyperbolic metrics. This is achieved by pro
ving the Mean Value Lemmas, which explicitly explain how metrized Deligne p
airings for omega -admissible metrized line bundles depend on omega. In Par
t II, we first introduce several line bundles over Knudsen-Deligne-Mumford
compactification of the moduli space (or rather the algebraic stack) of sta
ble N-pointed algebraic curves of genus g, which are rather natural and inc
lude Weil-Petersson, Takhtajan-Zograf and logarithmic Mumford line bundles.
Then we use Deligne-Riemann-Roch isomorphism and its metrized version (pro
ved in Part T) to establish some fundamental relations among these line bun
dles. Finally, we compute first Chern forms of the metrized Weil-Petersson,
Takhtajan-Zograf and logarithmic Mumford line bundles by using results of
Wolpert and Takhtajan-Zograf, and show that the so-called Takhtajan-Zograf
metric on the moduli space is algebraic.