American securities enforcement agencies often face charges that they use their enforcement power to further political goals. Most recently, Standard & Poor's credit rating agency claimed that the U.S. Department of Justice unfairly singled it out for prosecution for fraudulent credit ratings...

We investigate the role of enforcement strategy in improving firms' compliance with corporate disclosure regulations. We find that a responsive enforcement strategy developed by the Australian corporate and financial markets regulator, the Australian Securities and Investments Commission (ASIC),...

In 2007, the government of Venezuela decided to re-structure certain oil projects, known as Associations, so as to bring them in line with the 2001 Hydrocarbons Law. In response, ExxonMobil and ConocoPhillips decided to exit Venezuela. Supposedly motivated by a commitment to uphold the principle...

The aim of this article is to draw on original research and an analysis of legal precedents to discuss the baseline treatment which operators and economic policy actors in a crisis-stricken sector must now expect from competition authorities in the European Union. This article focuses on...

Contract enforceability in financial markets often depends on the aggregate actions of agents. For example, high default rates in credit markets can delay legal enforcement or reduce the value of collateral, incentivizing even more defaults and potentially affecting credit supply. We develop a...

We study how union certification affects the enforcement of workplace-safety laws. To generate credible causal estimates, a regression discontinuity design compares outcomes in establishments where unions barely won representation elections to outcomes in establishments where union barely lost...

A recent judgment of the Thessaloniki 1st Instance Court declared enforceable a CAS decision in Greece. This is a landmark ruling, not just for Greece, but probably for Europe too, if not globally. The judgment will surely be received positively by CAS, since it is implementing what has been...

This paper examines the rise of cartel enforcement in Europe, North America, and the Rest of the World (ROW) over the past 25 years in greater detail and with more indicators than previous publications. I find that in the past decade the ROW antitrust authorities have made extraordinarily rapid...