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environmental regulatory systems. If one of their operations causes spills or releases that injure the local environment, they can … lawsuits can take place in the nation where the spill occurred under that nation’s laws; alternatively, a liability claim can … laws to seek large payments or remediation commitments.This type of border-jumping liability litigation has always had its …
Persistent link: https://www.econbiz.de/10013219092
This Article shows that new economic proofs and empirical evidence provide powerful confirmation that, even when horizontal shareholders individually have minority stakes, horizontal shareholding in concentrated markets often has anticompetitive effects. The new economic proofs show that,...
Persistent link: https://www.econbiz.de/10011810808
China is appraised to have the world's largest exploitable reserves of shale gas, although several legal, regulatory, environmental and investment-related issues will likely restrain its scope. China's capacity to successfully face these hurdles and produce commercial shale gas will have a...
Persistent link: https://www.econbiz.de/10010203405
If one nation damages another, what are its obligations? This question can be approached and understood in diverse ways, but it is concretized in debates over the social cost of carbon, which is sometimes described as the linchpin of national climate policy. The social cost of carbon, meant to...
Persistent link: https://www.econbiz.de/10013215313
China is appraised to have the world's largest exploitable reserves of shale gas, although several legal, regulatory, environmental and investment-related issues will likely restrain its scope. China's capacity to successfully face these hurdles and produce commercial shale gas will have a...
Persistent link: https://www.econbiz.de/10014151131
China is believed to have the world's largest exploitable reserves of shale gas, although several legal, regulatory, environmental, and investment-related issues will likely restrain its exploitation. China's capacity to face these hurdles successfully and produce commercial shale gas will have...
Persistent link: https://www.econbiz.de/10014126581
This paper explores the evolution of the civil liability regime for insurance claims settlement disputes in the United … litigated claims and higher incidence of litigation proceeding to trial. But, as the law matured, declining uncertainty about …
Persistent link: https://www.econbiz.de/10014080157
common EU/U.S. framework for examining manipulative behavior introduces uncertainty into compliance efforts by failing to …
Persistent link: https://www.econbiz.de/10013091121
We characterize the class of symmetric two-player games in which tit-for-tat cannot be beaten even by very sophisticated opponents in a repeated game. It turns out to be the class of exact potential games. More generally, there is a class of simple imitation rules that includes tit-for-tat but...
Persistent link: https://www.econbiz.de/10009743040
We show that for many classes of symmetric two-player games, the simple decision rule 'imitate-if-better' can hardly be beaten by any strategy. We provide necessary and sufficient conditions for imitation to be unbeatable in the sense that there is no strategy that can exploit imitation as a...
Persistent link: https://www.econbiz.de/10009544162