Competition policy seeks to regulate markets in order to promote competition and economic welfare. In doing so it relies heavily on the economics of industrial organisation for guidance. However, within economics two fields of research have focused on the competitive process, namely the...

In this paper we examine the often neglected role of the nexus between law and economics in the context of assessing regulatory efficiency. Through some fairly straightforward conceptual exposition and an empirical analysis of the regulation of intellectual property in the USA, we demonstrate...

In this paper we conduct a re-appraisal of the robustness of tests relating the abuse of market power to measures of price-cost margins and bench mark pricing. We argue that these methods do not control for variations in the correlation between workers' reservation wages and productivity. In the...

Purpose – This paper aims to examine the different perspectives of auditors and non-auditors on this question, along with the rationale and impact of these differences. Chinese company law requires an audit report on paid-up capital when business entities are newly formed or their capital...