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The sun is setting on the days when multinationals could establish intricate tax systems to drastically reduce their tax bills. Since the 1990s, the OECD and the EU have taken resolute steps to compel their members to eradicate corporate tax elusion and harmful tax competition. These solutions...
Persistent link: https://www.econbiz.de/10014093765
Blockchain technology has in recent years captured attention and funding based on its promise to build trust among multiple parties without the need for a trusted intermediary. Born out of government-funded research on game theoretic Byzantine consensus, it offers the prospect of a more...
Persistent link: https://www.econbiz.de/10014094292
While online platforms are an enforcement priority for European competition authorities, the latter are only now turning their attention to app stores (after having scrutinized, among others, hotel booking websites, search engines and online marketplaces). However, app stores can be...
Persistent link: https://www.econbiz.de/10014095939
antitrust law. It makes the case for state energy cartels.One of the few consensus grounds for regulation is combating market … cartels so that competition provides consumers with lower prices. But what happens when a state’s interest coincides with … cartels offer the best solution to the flaring crisis and a unique opportunity for productive global cooperation to address …
Persistent link: https://www.econbiz.de/10014100366
In recent months, commentators and policymakers have called for expanded antitrust enforcement to address a number of … novel harms. As Judge Frank Easterbrook famously observed in 1984, however, antitrust is an inherently limited enterprise …, and improvident antitrust enforcement can create greater harm than benefit. To optimize antitrust’s effectiveness …
Persistent link: https://www.econbiz.de/10014101855
This paper deals with the fundamental procedural rights of companies that are targeted in the enforcement of Articles 101 and 102 TFEU by the European Commission or the competition authorities of the EU Member States. The paper first provides a (non-exhaustive) list of such rights as applicable...
Persistent link: https://www.econbiz.de/10014102075
Antitrust has been doubly disempowered: we can no longer effectively regulate corporate power and many forms of … corporate power are now irrelevant to antitrust analysis. Drawing on the interconnected histories of antitrust and corporate law … instead be caught by antitrust. This new framework for antitrust builds on the historical models by creating dual and mutually …
Persistent link: https://www.econbiz.de/10014103041
authorities or NCAs) to apply Articles 101 and 102 TFEU (EU antitrust law) whenever they apply national competition law to conduct … falling within the scope of EU antitrust law. Moreover, the application of national competition law cannot lead to the …
Persistent link: https://www.econbiz.de/10014105127
This paper lays down the rudiments of a descriptive theory of competition among the digital tech platforms known as “FANGs” (Facebook, Amazon, Netflix and Google), amidst rising academic and policy polarization over the answer to what seems to be – at least at the formulation level – a...
Persistent link: https://www.econbiz.de/10014105467
We evaluate the impact of competition on investments in Europe’s mobile communications market during the 2011-2021 period. There are stark and sustained differences in market outcomes between three- and four-player markets in Europe, and economic theory suggests these could be partly explained...
Persistent link: https://www.econbiz.de/10014079683