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Regulation is almost a synonym for public law. Government, relying on its sovereign powers, intervenes into freedom for … the sake of social betterment. Reality less and less coincides with this traditional picture. Regulation is increasingly … protectees. Constitutional doctrine treats private regulation as an exercise of freedom. The interest of protectees in good …
Persistent link: https://www.econbiz.de/10011581193
this work is attracted by the global character of the Internet. Admittedly this is a serious challenge to regulation. But …
Persistent link: https://www.econbiz.de/10011581243
Although the goal of market integration has not actually been challenged in recent years, it has nevertheless increasingly come to be considered incomplete and in need of complementary goals which serve the general interest by promoting social cohesion and equality. The debate has been conducted...
Persistent link: https://www.econbiz.de/10011581423
competition might produce efficiency benefits that justify yielding federal or harmonized regulation in favor of decentralizing … economic coordination to their own liking, thus incorporating the preferences of consumers into the structure of regulation (a … instances and conditions under which regulatory competition might indeed work to improve the intrinsic efficiency of regulation …
Persistent link: https://www.econbiz.de/10011582057
state with non-state inputs, and using soft forms of governance, not command and control regulation. Against this background …
Persistent link: https://www.econbiz.de/10011582675
Hardly any of the law's subjects know the text of the provisions that govern their conduct. Even less would they be able to handle this text properly, were they to get access to it. Nonetheless the law firmly believes that it is not feckless. This paper solves the puzzle by drawing on four...
Persistent link: https://www.econbiz.de/10011582792
a way out. In the area of content regulation, transnational conflict is no less pronounced. The Europeans are … opportunity cost seems too high. The more important difference between data protection and content regulation thus turns out to be … typically is a one-to-one conflict, while in content regulation the typical conflict is of a one-to-many nature. In public goods …
Persistent link: https://www.econbiz.de/10011582891
Persistent link: https://www.econbiz.de/10001845254
The Eroding Trust in Capitalism and its Consequences for Law: On both sides of the Atlantic, legislators consider a cap on manager income. As a redistributive intervention, the cap would be misplaced. It affects such a small number of persons that the effect on the Gini coefficient would be...
Persistent link: https://www.econbiz.de/10003905814
We develop a model of rational bubbles based on the assumptions of unknown market liquidity and limited liability of traders. In a bubble, the price of an asset rises dynamically above its steady-state value, justified by rational expectations about future price developments. The larger the...
Persistent link: https://www.econbiz.de/10008738294