Though a vast literature considers whether the enactment of laws and regulations impacts markets, very little attention has been paid to the ability of courts to have such an effect. This article fills this gap by providing evidence that court decisions can bring to bear existing legal standards...

We examine strategic procurement behaviour by governments and its effect on market structure in sectors, such as defence, where the government is the dominant consumer. In a world economy with trade between producers, and between producers and non-producers, we use a modified Dixit-Stiglitz...