Comparative Law and Economics

Author: the late Theodore Eisenberg,Giovanni B. Ramello

Publisher: Edward Elgar Publishing

ISBN: 0857932586

Category: Business & Economics

Page: 520

View: 4331

Contemporary law and economics has greatly expanded its scope of inquiry as well as its sphere of influence. By focussing specifically on a comparative approach, this Handbook offers new insights for developing current law and economics research. It also provides stimuli for further research, exploring the idea that the comparative method offers a valuable way to enrich law and economics scholarship. With contributions from leading scholars from around the world, the Handbook sets the context by examining the past, present and future of comparative law and economics before addressing this approach to specific issues within the fields of intellectual property, competition, contracts, torts, judicial behaviour, tax, property law, energy markets, regulation and environmental agreements. This topical Handbook will be of great interest and value to scholars and postgraduate students of law and economics, looking for new directions in their research. It will also be a useful reference to policymakers and those working at an institutional level.

Capacity Mechanisms in the EU Energy Market

Law, Policy, and Economics

Author: Leigh Hancher,Adrien de Hauteclocque,Malgorzata Sadowska

Publisher: OUP Oxford

ISBN: 0191066176

Category: Law

Page: 400

View: 2466

Ensuring an adequate, long-term energy supply is a paramount concern in Europe. EU member states now intervene by encouraging investment in generation capacity, offering an additional revenue stream for conventional power plants in addition to the existing, heavily subsidised investments in renewable energy sources. These capacity remuneration mechanisms (or simply capacity mechanisms) have become a hot topic in the wider European regulatory debate. European electricity markets are increasingly interconnected, so the introduction of a capacity mechanism in one country not only distorts its national market but may have unforeseeable consequences for neighbouring electricity markets. If these mechanisms are adopted by several member states with no supra-national coordination and no consideration for their cross-border impact, they may cause serious market distortions and put the future of the European internal electricity market at risk. This book provides readers with an in-depth analysis of capacity mechanisms, written by an expert team of policy-makers, economists, and legal professionals. It will be a first point of reference for regulators and policy-makers responsible for designing optimal capacity mechanisms in Europe, and will be an invaluable resource for academics and practitioners in the fields of energy, regulation, and competition.

The Reform of EC Competition Law

New Challenges

Author: Ioannis Kokkoris,Ioannis Lianos

Publisher: Kluwer Law International

ISBN: 9041126929

Category: Law

Page: 578

View: 3420

This book represents a fresh approach to EC competition law - one that is of singular value in grappling with the huge economic challenges we face today. As a critical analysis of the law and options available to European competition authorities and legal practitioners in the field, it stands without peer. It will be greatly welcomed by lawyers, policymakers and other interested professionals in Europe and throughout the world.

Neoliberalism, Accountability, and Reform Failures in Emerging Markets

Eastern Europe, Russia, Argentina, and Chile in Comparative Perspective

Author: Luigi Manzetti

Publisher: Penn State Press

ISBN: 0271059648

Category: Political Science

Page: 312

View: 8869

The agenda of neoliberal market reform known as the Washington Consensus, which was meant to turn around the economies of developing and postcommunist countries and provide the bedrock of economic success on which stable democracies could be built, has largely proved to be a failure, with Russia and many Latin American countries like Argentina left in severe economic crisis by the end of the 1990s. Some proponents of neoliberal reform, such as Anne Krueger, have attributed this failure to the piecemeal and incomplete implementation of reform measures, while others, including Nobel Prize economist and former World Bank vice president Joseph Stiglitz, have pointed to technical flaws in the policies. While both of these assessments focus narrowly on economic factors, Luigi Manzetti highlights the crucial importance of political institutions and processes to a fully adequate explanation. His argument is that the ideology of neoliberal reform, rooted in the theories of Friedrich von Hayek and Milton Friedman, assumed political checks and balances that did not exist in many of these countries undergoing market reform, and that only by taking political accountability as an influential variable in the equation for success can we really understand what happened. Where accountability was weak, patterns of corruption, collusion, and patronage worked to undermine the intended aims of market reform. Manzetti uses both large N statistical analyses and small N case studies (of Argentina, Chile, and Russia) to provide empirical evidence for his argument.

Sports Law and Policy in the European Union

Author: Richard Parrish

Publisher: Manchester University Press

ISBN: 9780719066078

Category: Political Science

Page: 271

View: 8755

Adopting a distinctive legal and political analysis, this book argues that the EU is receptive to the sports sectors claims for special treatment before the law. The book investigates the birth of EU sports law and policy by examining significant court decisions, the possibility of exempting sport from EU law, sport and the EU treaty, and more.

China's economy in global perspective

Author: A. Doak Barnett

Publisher: Brookings Inst Pr

ISBN: N.A

Category: Business & Economics

Page: 752

View: 4415

Law and Economics in the RIA World

Improving the Use of Economic Analysis in Public Policy and Legislation

Author: Andrea Renda

Publisher: Intersentia Uitgevers N V

ISBN: 9781780680231

Category: Law

Page: 270

View: 4876

The use of economics in public policy, in the form of ex ante Regulatory Impact Analysis (RIA), is strongly advocated by international organizations, such as the Organization for Economic Co-operation and Development and the World Bank. In the US and the EU, hundreds of RIAs are produced every year to justify public intervention in the form of regulation. But, reality shows that, in many other countries, the adoption and implementation of this tool has been patchy at best. At the same time, the use of economics in RIA is heavily challenged by scholarly developments, such as behavioral economics, neuroeconomics, and the study of social norms, and was unable to predict and cure the financial crisis that hit the global economy in 2007. This book claims that RIA should incorporate recent developments from law and economics literature. It provides an analysis of the potential contribution of positive, normative, and functional schools of law and economics to the practice of RIA. The book contains thematic applications to policy fields, such as environmental protection, energy efficiency, financial markets, antitrust, cyberspace, and telecommunications. It provides far-reaching recommendations on the future of law and economics, as well as on the organization of RIA systems around the world, particularly in the US and the EU. (Series: European Studies in Law and Economics - Vol. 6)

Conceptual Foundations of Antitrust

Author: Oliver Black

Publisher: Cambridge University Press

ISBN: 9781139448086

Category: Law

Page: N.A

View: 9499

This is a philosophical study of concepts that lie at the foundation of antitrust - a body of law and policy designed to promote or protect economic competition. Topics covered are: the nature of competition; the relation between competition and welfare; the distinction between per se rules and rules of reason; agreements; concerted practices; and the spectrum from independent action to collusion. Although there are many legal and economic books on antitrust, this is the first book devoted to the philosophical scrutiny of the concepts that underpin it. No prior knowledge of philosophy is presupposed. The book is primarily directed at students, theorists and practitioners of antitrust, but will also be useful to lawyers, economists, philosophers, political scientists and others who have an interest in the discipline.

Law and Economics with Chinese Characteristics

Institutions for Promoting Development in the Twenty-First Century

Author: David Kennedy,Joseph E. Stiglitz

Publisher: Oxford University Press

ISBN: 0199698546

Category: Business & Economics

Page: 615

View: 4135

This volume examines the role of law in economic development. It focuses on China and analyzes how the development policies and institutional characteristics of the emerging Chinese market economy might aid policymakers, in developed and developing countries, to create and reform frameworks to achieve equitable and sustained development.

Regulating Pharmaceuticals In Europe: Striving For Efficiency, Equity And Quality

Striving for Efficiency, Equity and Quality

Author: Mossialos, Elias,Mrazek, Monique,Walley, Tom

Publisher: McGraw-Hill Education (UK)

ISBN: 0335226558

Category: Education

Page: 390

View: 5162

The rising cost of pharmaceutical expenditures in many European countries is of concern to governments required to make effective use of health care budgets. Taking a broad perspective that encompasses institutional, political and supranational aspects of pharmaceutical regulation, this book examines approaches used to manage pharmaceutical expenditure across Europe and what impact these strategies have had on efficiency, quality, equity and cost of pharmaceutical care. Regulating Pharmaceuticals in Europe is an important book for students of health policy, regulation and management, and for health managers and policy makers.

A Legal and Economic Assessment of European Takeover Regulation

Author: Christophe Clerc,Fabrice Demarigny,Diego Valiante,Mirzha de Manuel Aramendía

Publisher: Ctr for European Policy Studies

ISBN: 9789461382344

Category: Business & Economics

Page: 277

View: 552

"Takeovers are one-off events, altering control and strategy within an organisation. But the chances of becoming the target of a bid, even where remote, daily influence corporate decision-making. Takeover rules are therefore central to company law and the balance of power among managers, shareholders and stakeholders alike. This study analyses the corporate governance drivers underpinning takeover bid regulations and assesses the implementation of the EU Directive on takeover bids and compares it with the legal framework of nine other major jurisdictions, including the US. It finds that similar rules have different effects depending on company-level and country-level characteristics and considers the use of modular legislation and optional provisions to cater for them. This book is an abridged version, with additional policy suggestions, of the study prepared for the European Commission jointly by CEPS and the law firm Marccus Partners. The legal analysis in this book was conducted by Christophe Clerc, partner with the law firm Pinsent Masons and general manager of the Paris office and Fabrice Demarigny, Chairman of Marccus Partners and Head of Capital Market Activities within the Mazars group. The economic analysis was carried out by Diego Valiante, Research Fellow at CEPS and its in-house European Capital Markets Institute (ECMI) and by Mirzha de Manuel Aramendía, Researcher at ECMI and CEPS."--Publisher description.

Competition Law and Economic Regulation in Southern Africa

Addressing Market Power In Southern Africa

Author: Jonathan Klaaren,Simon Roberts,Imraan Valodia

Publisher: NYU Press

ISBN: 1776141687

Category: Business & Economics

Page: 384

View: 575

Shaping markets through competition and economic regulation is at the heart of addressing the development challenges facing countries in southern Africa. The contributors to Competition Law and Economic Regulation: Addressing Market Power in southern Africa critically assess the efficacy of the competition and economic regulation frameworks, including the impact of a number of the regional competition authorities in a range of sectors throughout southern Africa. Featuring academics as well as practitioners in the field, the book addresses issues common to southern African countries, where markets are small and concentrated, with particularly high barriers to entry, and where the resources to enforce legislation against anti-competitive conduct are limited. What is needed, the contributors argue, is an understanding of competition and regional integration as part of an inclusive growth agenda for Africa. By examining competition and regulation in a single framework, and viewing this within the southern African experience, this volume adds new perspectives to the global competition literature. It is an essential reference tool and will be of great interest to policymakers and regulators, as well as the rapidly growing ecosystem of legal practitioners and economists engaged in the field.

Electricity Restructuring in the United States

Author: Steve Isser

Publisher: Cambridge University Press

ISBN: 110710078X

Category: Business & Economics

Page: 526

View: 9009

Steve Isser provides a generalist history of electricity policy from the 1978 Energy Policy Act to the present, covering the economic, legal, regulatory, and political issues and controversies in the transition from regulated utilities to competitive electricity markets.

EU Competition Law and Economics

Author: Damien Geradin,Anne Layne-Farrar,Nicolas Petit

Publisher: OUP Oxford

ISBN: 0191637491

Category: Law

Page: 600

View: 6458

This is the first EU competition law treatise that fully integrates economic reasoning in its treatment of the decisional practice of the European Commission and the case-law of the European Court of Justice. Since the European Commission's move to a "more economic approach" to competition law reasoning and decisional practice, the use of economic argument in competition law cases has become a stricter requirement. Many national competition authorities are also increasingly moving away from a legalistic analysis of a firm's conduct to an effect-based analysis of such conduct, indeed most competition cases today involve teams composed of lawyers and industrial organisation economists. Competition law books tend to have either only cursory coverage of economics, have separate sections on economics, or indeed are far too technical in the level of economic understanding they assume. Ensuring a genuinely integrated approach to legal and economic analysis, this major new work is written by a team combining the widely recognised expertise of two competition law practitioners and a prominent economic consultant. The book contains economic reasoning throughout in accessible form, and, more pertinently for practitioners, examines economics in the light of how it is used and put to effect in the courts and decision-making institutions of the EU. A general introductory section sets EU competition law in its historical context. The second chapter goes on to explore the economics foundations of EU competition law. What follows then is an integrated treatment of each of the core substantive areas of EU competition law, including Article 101 TFEU, Article 102 TFEU, mergers, cartels and other horizontal agreements and vertical restraints.

A European Market for Electricity?

Author: Lars Bergman,Romesh Vaitilingam,Centre for Economic Policy Research (Great Britain),Studieförbundet Näringsliv och samhälle

Publisher: Centre for Economic Policy Research

ISBN: 9781898128427

Category: Technology & Engineering

Page: 294

View: 4050

The second in CEPR's annual Monitoring European Deregulation (MED) series, this report explores the economic and regulatory aspects of a single European market for electricity and provides a basis for policy choices both at national and EU levels. The report combines analyses of key issues in electricity market integration and liberalization with evaluations of practical experiences in selected European countries: France, Germany, Norway, Spain, Sweden, and the UK. Key issues include: to what extent competition in national electricity markets is a necessary requirement for the integration of these markets, and the design of national electricity markets in which competition in generation and supply is allowed.Lars Bergman is at the Stockholm School of Economics; Gert Brunekreeft is at Institut fuer Verkehrswissenschaft, University of Freiburg; Chris Doyle is at the London Business School; David M G Newbery and Michael Pollitt are at Cambridge University; Pierre Regibeau is at Institut d'Analisi Economica CSIC, Bellaterra; and Nils von der Fehr is at Nuffield College, Oxford.

The Kremlin Playbook

Understanding Russian Influence in Central and Eastern Europe

Author: Heather A. Conley,James Mina,Ruslan Stefanov,Martin Vladimirov

Publisher: Rowman & Littlefield

ISBN: 1442279591

Category: Political Science

Page: 86

View: 9420

Russia has cultivated an opaque web of economic and political patronage across the Central and Eastern European region that the Kremlin uses to influence and direct decisionmaking. This report from the CSIS Europe Program, in partnership with the Bulgarian Center for the Study of Democracy, is the result of a 16-month study on the nature of Russian influence in five case countries: Hungary, Slovakia, Bulgaria, Latvia, and Serbia.

Personnel Management Abstracts

Author: N.A

Publisher: N.A

ISBN: N.A

Category: Personnel management

Page: N.A

View: 7625

Energy, Economics, and the Environment

Cases and Materials

Author: Joel B. Eisen,Jim Rossi

Publisher: N.A

ISBN: N.A

Category: Law

Page: 1207

View: 7849

This casebook integrates a legal assessment of energy resources with economic and environmental issues, thereby encouraging thoughtful analysis of energy policy issues confronting the U.S. and the world. Historical and contemporary legal issues confronting a range of energy resources are surveyed, including water power, coal, oil and gas, electricity, and nuclear power. Particular attention is paid to the need to reduce consumption of imported oil by motor vehicles. The third edition of the book contains considerable material on problems presented by climate change, including legal issues confronting renewable power projects and various conservation measures. We believe that the material can be taught in many different variations, and we continue to teach it in a somewhat different order every time it is offered.

Regulating and Supervising European Financial Markets

More Risks than Achievements

Author: Mads Andenas,Gudula Deipenbrock

Publisher: Springer

ISBN: 3319321749

Category: Law

Page: 437

View: 1392

The book analyses the institutions of the European financial market supervision and the challenges of financial markets. The current European supervisory structure for financial markets represents a major development in European supervisory history. Its operation however has to be explored and analysed critically. Has it gone far enough to provide a sufficiently comprehensive and resilient system to reduce or mitigate systemic risks and handle financial crises? Some claim it has gone too far already. Fresh and rigorous critical legal and economic analysis from an independent scholarly perspective are needed to assess whether the institutional design of the European supervisory architecture has proved itself to be an efficient and effective model. This book discusses many dimensions of the structure and workings of the European system from various angles providing different dimensions. The book makes an important contribution to the limited literature on financial market supervision./div