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Ronald H. Coase / Thomas W. Hazlett -- Aaron Director remembered / Stephen M. Stigler -- Aaron Director's influence on antitrust policy / Sam Peltzman -- George J. Stigler and his contributions to law and economics / Harold Demsetz -- The enduring contributions of Armen Alchian / Susan Woodward...
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economics, for a form of ‘political economy': economists should use theory to generalise what facts tell us rather than trying …
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As a student at the London School of Economics (LSE), Ronald Coase posed a seemingly naïve question that would, in time, fundamentally change the face of economics and earn him the Nobel Prize: ‘Why do firms exist?' The import of this simple question derived not only from the response Coase...
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The study focuses on the admissibility and assessment of economic expertise in EC competition law litigation. I start by exploring the broader issues raised by the integration of economic expertise in litigation: in particular the risk of moral hazard and adverse selection because of the...
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