Showing 1 - 10 of 4,626
We compare the short-run welfare effects of two types of settlement agreements, quot;reverse paymentsquot; of the brand-name drug makers to generic producers not to enter the market and delayed entry when these payments are restricted both under the entry injunction (imposed by the Hatch-Waxman...
Persistent link: https://www.econbiz.de/10012752136
This paper puts into perspective enforcement as conducted by the French Financial Market Authority since its creation in 2003 until 2021 with regards to the current state of the literature on financial crimes. We survey exhaustively the three main channels of action: sanctions, settlements...
Persistent link: https://www.econbiz.de/10014533580
structural role here. Instead, it can help to signal problems, establish principles and guard boundaries. Regulation and …
Persistent link: https://www.econbiz.de/10013299479
We examine how Securities and Exchange Commission (SEC) enforcement varies at fiscal year- end. Using a sample of over 12,000 SEC enforcement actions, we find that the number of case filings in September, the final month of the SEC’s fiscal year, is approximately double the average of other...
Persistent link: https://www.econbiz.de/10013299186
Persistent link: https://www.econbiz.de/10014308466
Persistent link: https://www.econbiz.de/10012426632
information of the merged firm. The optimal merger policy trades off potential cost savings against regulatory distortions from … market induces a more lenient merger policy. The regulated firms' diversification into a competitive segment of the market … can lead to a softer merger policy when competition is weaker. …
Persistent link: https://www.econbiz.de/10010358241
The purpose of this research is to evaluate the impact of vertical unbundling on German electric utilities. Our research mainly relies on in-depth interviews with sector-experts from the German utilities. We will discuss both short-term changes and the long-term impact on competition in the...
Persistent link: https://www.econbiz.de/10010423531
fragmentation can be substantial and policy should focus more on the cost of coordination and on governance structures to secure … coordination. This paper examines three persistent sources of flawed coordination: 1) a regulation versus unbundling dilemma, 2 …
Persistent link: https://www.econbiz.de/10010423547
Regulators have long been aware of the social aspects of communication. In the past, regulated monopolists have provided Universal Service Obligations, typically funded via a system of cross-subsidies. In this paper, we first review the rationale for imposing Universal Service Obligations, based...
Persistent link: https://www.econbiz.de/10011409371