Due to technological advancement artificial intelligence can create works of art and literature, which easily meet the threshold of creativity copyright laws demand for protection. Traditionally, however, copyright legislation, notably in continental Europe, focuses on work created and conveyed...

In an industry where regulated firms interact with unregulated suppliers, we investigate the welfare effects of a merger between regulated firms when cost synergies are uncertain before the merger and their realization becomes private information of the merged firm. The optimal merger policy...

In 2011, price peaks in retail gasoline prices caused public outrage and attracted the attention of German regulatory agencies. After having examined the market, competition authorities concluded that tacit collusion existed but could not easily be prosecuted under the given competition law. In...