On the Complexity of Modular Model Checking ------------------------------------------- In modular verification the specification of a module consists of two parts. One part describes the guaranteed behavior of the module. The other part describes the assumed behavior of the system in which the module is interacting. This is called the assume-guarantee paradigm. In this paper we consider assume-guarantee specifications in which the guarantee is specified by branching temporal formulas. We distinguish between two approaches. In the first approach, the assumption is specified by branching temporal formulas too. In the second approach, the assumption is specified by linear temporal logic. We consider guarantees in ACTL and ACTL*, the universal fragments of CTL and CTL*, and assumptions in LTL, ACTL, and ACTL*. We develop two fundamental techniques: building maximal models for ACTL and ACTL* formulas and using alternating automata to obtain space-efficient algorithms for fair model checking. Using these techniques we classify the complexity of satisfiability, validity, implication, and modular verification for ACTL and ACTL*. We show that modular verification is PSPACE-complete for ACTL and is is EXPSPACE-complete for ACTL. We prove that when the assumption is linear, these bounds hold also for guarantees in CTL and CTL*. On the other hand,the problem remains EXPSPACE-hard even when we restrict the assumptions to LTL and take the guarantee as a fixed ACTL formula.