Information and Communication Technologies (ICT) generate a wide range of social and economic externalities. Therefore, if ICT are not deployed and adopted within short periods of time, countries face significant social and economic opportunity costs. This paper provides empirical evidence in...

The past twenty years have witnessed the emergence of internet conglomerates fueled by acquisitions. We provide a simple theoretical model to shed some light on this. Following a large literature in management (Wernerfelt, 1984) we endow firms with a set of scarce competencies which drive their...

This paper discusses the economics of how Bitcoin achieves data immutability, and thus payment finality, via costly computations, ie "proof-of-work". Further, it explores what the future might hold for cryptocurrencies modelled on this type of consensus algorithm. The conclusions are, first,...

This chapter will examine the growth of Professor Eleanor Fox's global and cosmopolitan vision for the future of competition policy. Over her illustrious career, Professor Fox's scholarship traces an arc that began with the battle for the soul of U.S. antitrust law as the Chicago School's...

Global warming, sea level rise, and extreme weather events have made climate change a top priority for policymakers across the globe. But which policies are best suited to tackle the enormous challenges presented by our changing climate? This Article proposes that policymakers turn to prediction...

This paper discusses the economics of how Bitcoin achieves data immutability, and thus payment finality, via costly computations, i.e., proof-of-work." Further, it explores what the future might hold for cryptocurrencies modelled on this type of consensus algorithm. The conclusions are, first,...

This paper presents an analysis of the world iron and steel industry from 1950 to 1980. After presenting a technical overview describing the technological possesses in use during that period by the steel, the iron ore and the ferrous scrap industries, we describe and analyse, on economic...

The very concept of 'domestic regulation' in telecommunications comes from multilateral commitments of international trade in services, under WTO GATS. As international trade is a domain of multilateral and intergovernmental diplomatic relations, where regulation in telecom services, directly...

This paper, a chapter in the forthcoming Research Handbook on the Economics of Corporate law, describes the leading research related to credit ratings, and assesses regulatory proposals related to ratings, including those in the Dodd-Frank Act of 2010. It explains how rating agencies have...

Auf dem Oktoberfest werden die Rekorde des Bierausschanks regelmäßig gebrochen. So wurden im Jahr 2009 rund 66 000 Hektoliter Bier ausgeschenkt. Der Oktoberfestkonsum ist beachtlich, stellt aber nur einen Bruchteil des weltweiten Verbrauchs von rund 1,8 Mrd. hl dar. Der Artikel gibt einen...