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large and subsidies small; eliminate incumbent owners and managers to improve a priori incentives; and finance bailouts …
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International law is built on the foundation of state consent. A state’s legal obligations are overwhelmingly â … individual states. If a country feels that a proposed change to international law does not serve its interests, it can avoid that … problem for the international system. Because any state can object to any proposed rule of international law, only changes …
Persistent link: https://www.econbiz.de/10011130687
This Article analyzes the behavioral economics literatures on how individuals understand taxation (i.e., tax salience). We evaluate how taxpayers respond to different presentations of tax prices both in their roles as market participants and as voters. We aim to combat several naïve notions...
Persistent link: https://www.econbiz.de/10011130688
Cap and trade is controversial in part because of claims that it is unjust, an issue that was highlighted by recent litigation against California’s proposed carbon market. This essay considers an array of fairness issues relating to cap and trade. In terms of fairness to industry, the...
Persistent link: https://www.econbiz.de/10011130689
Although antitrust courts sometimes stress the competitive process, they have not deeply explored what that process is. Inspired by the theory of the core, we explore the idea that the competitive process is the process of sellers and buyers forming improving coalitions. Much of antitrust can be...
Persistent link: https://www.econbiz.de/10011130700
The main objective of antitrust interventions is to assure competition in markets to benefit consumers. This paper challenges this common approach by examining the case of a satellite broadcasting network with monopoly power. First, satellite TV is identified as a two-sided market. It is then...
Persistent link: https://www.econbiz.de/10011130703
market economy within existing state borders. But many international law scholars remain openly dubious about the ability of …
Persistent link: https://www.econbiz.de/10011130713
South Africa’s transition from apartheid to democracy stands as one of the past century’s most important political events. The transition has been successful to this point because the new constitution adopted a form of federal governance that has been able to provide protection for...
Persistent link: https://www.econbiz.de/10011130721