, vindicates the economic theory in support of efficiency-based regulation … especially troubling in environmental law. I propose that environmental law and policymakers pay more attention to efficiency … arguments and efficiency-thinking. While I do not propose a tyranny of economists to supplant fairness-thinking, I argue that …

We analyse the effects of investment decisions and firms internal organisation on the efficiency and stability of …. We show that often stable mergers do not lead to more e.ciency and may even lead to efficiency losses. These mergers lead … to lower total welfare, suggesting that a regulator should be careful in assuming that possible efficiency gains of a …