The new paradigm introduced by behavioral studies changes the traditional approach on the incitement to break the law. This paper aims to examine the relevance of a deterrent system based not on the rational choice theory, but on behavioural theory

A tying arrangement is a seller’s requirement that a customer may purchase its “tying” product only by taking its “tied” product. In a variable proportion tie the purchaser can vary the amount of the tied product. For example, a customer might purchase a single printer, but either a...

After two years of litigation, the Department of Justice (DOJ) and the 19 states suing Microsoft have proposed draconian remedies (Plaintiffs Proposed Final Judgment 2000, hereafter, PPFJ) to address the violations of the Sherman Act found by Judge Thomas Penfield Jackson (Conclusions of Law...

This paper studies the influencing factors on entry (certification) of new airlines into the US airline industry over 21 years (1979-1999). These rates exhibit considerable fluctuations over the observed period. We analyze the US airline industry for a period of 21 years to determine the...

This paper provides an analysis of India’s existing regulatory regime and its evolution over the last 25 years, and the efforts to improve the regulatory framework as India has transitioned towards a market economy. The paper argues that while India has implemented many sector specific...

The paper introduces insights into a methodology for developing regulation applicable to networked industries. Following telecommunications, the energy industry is most apt to undergo significant structural and regulatory reforms as a function technological advancement. The application of this...

Book Review: Cass R. Sunstein, The Cost-Benefit State: The Future of Regulatory Protection (ABA Section of Administrative Law and Regulatory Practice, 2002) Cass R. Sunstein, Risk and Reason: Safety, Law, and the Environment (Cambridge University Press, 2002) In these two books, Professor...

This piece shows conclusively that in the 1770s Adam Smith and others christened their political persuasion ‘liberal’ by affixing a political meaning to the word 'liberal'. Liberalism 1.0 was indeed Smithian liberalism. The bodies of evidence: (1) the non-occurrence in English prior to 1769...