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Nobody would claim that regulators, or academics working on regulatory policy, have neglected the Internet. But most of this work is attracted by the global character of the Internet. Admittedly this is a serious challenge to regulation. But it is not the only, and probably not even the most...
Persistent link: https://www.econbiz.de/10010323960
Lawyers routinely have to decide under considerable uncertainty. Those officially applying the law in force, like judges or public officials, often do not know all the facts of the case. And the legislator ought to know, understand and forecast much more than he usually does. Economics,...
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A technology often reaches perfection when its successor is already in place. Miraculously speedy and reliable punch card readers were finally available on the market when demand shifted to personal computers, to cite only one example. Do constitutions follow the same evolutionary pattern?...
Persistent link: https://www.econbiz.de/10010323976
Doesn't work. Has failed. Apolitical. Naive. Pre-modern. Non-scientific. Such hardly ornamental epithets get pinned on anybody who still sets out to define the common good today. Ideas and interests cannot be translated into one another without fracture. There is no abstract basic norm from...
Persistent link: https://www.econbiz.de/10010323978
The standard tool for analysing social dilemmas is game theory. They are reconstructed as prisoner dilemma games. This is helpful for understanding the incentive structure. Yet this analysis is based on the classic homo oeconomicus assumptions. In many real world dilemma situations, these...
Persistent link: https://www.econbiz.de/10010323984
The Constitutional Court is one of the most characteristic features of the German constitution. The most important power of the Court rests in litigable fundamental rights. According to established jurisprudence, any governmental interference with freedom or property needs justification. It must...
Persistent link: https://www.econbiz.de/10010323986
The German constitution stands out for the exceptionally powerful position of the Constitutional Court. Any governmental intervention into freedom, and any unequal treatment, are constitutional issues. And any inhabitant can attack any administrative act, and any piece of legislation, in the...
Persistent link: https://www.econbiz.de/10010323998
Anti-trust cases more often than not hinge upon market definition. The anti-trust authorities use standardised tests for the purpose, like the small but significant and nontransitory increase in price test prevalent in US law. These tests are often read as neoclassical economics, watered down to...
Persistent link: https://www.econbiz.de/10010323999
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