We investigate empirically how electoral democracy and judicial independence relate to personal freedom. While judicial independence is positively and robustly related to personal freedom in all its forms, electoral democracy displays a robust, positive relationship with only two out of seven...

Abstract This paper provides an overview of machine learning models, as compared to traditional economic models. It also lays out emerging issues in law and economics that the machine learning methodology raises. In doing so, Asian contexts are considered. Law and economics scholarship has...

Abstract I analyze a model of patent races for COVID-19 vaccines under alternative liability rules. The first inventor of the vaccine gets the monopoly rent, but must assume full liability from its side effects. In this model, firms choose two kinds of investments, one for inventing a vaccine...

Abstract Under the external pressure mainly in the frame of the TRIPS and out of the intrinsic motivation to strengthen intellectual property protection from the height of national strategy, China raised the protective level under criminal law and introduced punitive damages in all intellectual...

Abstract Using a game-theoretic analysis, this study aims to investigate which of the “all or nothing” and “pro rata” methods, regarding the sanction against the breach of duty to disclose in insurance contracts by negligence, is better from two perspectives: one is in terms of how much...

Abstract Building on insights from the insider-outsider theory, we examine the effects of the Employment Protection Legislation (EPL) on labour market outcomes, using high-court verdicts on labour disputes invoking Chapter 5-A and 5-B of the Industrial Disputes Act. Our regression analysis of a...

Abstract Understanding the application of economic analysis methods in merger reviews across various jurisdictions can benefit antitrust authorities when reviewing cases and aid the legal and economic teams that work with merging parties in better anticipating concerns and outcomes. The...

Abstract In today’s technological landscape, marked by continuous flow of data, it is difficult to think of data in terms of property rights, based on ownership. This is because data principals are almost always excluded from this ownership right and associated gains. With a specific focus on...