Examines the powers of the Financial Services Authority (FSA) under the Financial Services and Markets Act 2000's civil market abuse regime and the Criminal Justice Act 1993. Looks at: (1) the powers of detection, including supervision, market surveillance and whistleblowing; (2) the powers to...

Late colonial and post-colonial attempts to suppress triad societies have occurred in the context of modernization and associated socio-economic and political change in Hong Kong. Anti-corruption efforts, improved enforcement, a focus on illicit entrepreneurs and tainted wealth have contributed...

Policy discussions and a Supreme Court decision interpret retailer services induced by retail price maintenance (RPM) as enhancing consumer surplus (CS) and welfare enhancing, marginalizing dissenting opinions which use similar models but with different parameters. However if presales services...

Cross-country data shows a strong positive correlation between the level of financial contract enforcement and macroeconomic development. This paper emphasizes the role of entrepreneurial investment technology choice in explaining this empirical observation. We develop a life-cycle model with...

The accuracy and efficacy of merger control are important questions that have long posed challenges for policy evaluation. The growing number of merger retrospectives provide an opportunity to conduct such an analysis since they measure the outcomes of actual mergers. This paper compiles all...

This article has been significantly revised. Please refer to the revised version, titled “Allocating Regulatory Resources”, which is available on SSRN at: 'http://ssrn.com/abstract=2304434' http://ssrn.com/abstract=2304434.This article incorporates the concept of legal placebo effects into...