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Time is money - how much money is time? Interest and inflation in competition law actions for damages

Bueren, Eckart; Hüschelrath, Kai; Veith, Tobias - 2014

several years until cartel victims obtain damages. Interest and inflation are thus two key drivers of adequate compensation … legal systems treat interest and inflation as part of competition law actions for damages, and, using real-world data from … economics analysis of the law on interest in the field of tort law. …

Persistent link: https://www.econbiz.de/10010330310

Circuit theory and interest: A simple descriptive methodology for the allocation of debt

Kampen, Jan - In: Economic and Environmental Studies (E&ES) 12 (2012) 1, pp. 9-21

workers) and interest. A number of conclusions is readily made on the basis of the model. First, in an economy without a … pay interest over their loans; and when people in addition make savings, the debt situation for firms deteriorates. Second … crisis without harming society at large would be the partial or total destruction of obligations on interest. …

Persistent link: https://www.econbiz.de/10010333154

Bringing Capital Accumulation Back In: The Weapondollar-Petrodollar Coalition – Military Contractors, Oil Companies and Middle-East "Energy Conflicts"

Nitzan, Jonathan; Bichler, Shimshon - In: Review of International Political Economy 2 (1995) 3, pp. 446-515

This paper offers an alternative approach to the repeated occurrence of Middle East “energy conflicts.” Our analysis centres around the process of differential capital accumulation, emphasizing the quest to exceed the “normal rate of return” and to expands one's share in the overall flow...

Persistent link: https://www.econbiz.de/10011644564

New Imperialism or New Capitalism?

Nitzan, Jonathan; Bichler, Shimshon - In: Review: A Journal of the Fernand Braudel Center for the … XXIX (2006) 1, pp. 1-86

Over the past century, the institution of capital and the process of its accumulation have been fundamentally transformed. By contrast, the theories that explain this institution and process have remained largely unchanged. The purpose of this paper is to address this mismatch. Using a broad...

Persistent link: https://www.econbiz.de/10011644566

Public Debt, Inequality and Power. The Making of a Modern Debt State

Hager, Sandy Brian - 2016

Who are the dominant owners of US public debt? Is it widely held, or concentrated in the hands of a few? Does ownership of public debt give these bondholders power over our government? What do we make of the fact that foreign-owned debt has ballooned to nearly 50 percent today? Until now, we...

Persistent link: https://www.econbiz.de/10011646691

Public Debt, Ownership and Power: The Political Economy of Distribution and Redistribution

Hager, Sandy Brian - 2013

those who receive interest payments on government bonds are distinct from those who pay the taxes that finance the interest … effects. Some claim that the public debt is heavily concentrated and that interest payments on government bonds redistribute … interest has become rapidly concentrated in the hands of dominant owners, the top 1% of households and the 2,500 largest …

Persistent link: https://www.econbiz.de/10011646706

From Olson to Veblen: The Stagflationary Rise of Distributional Coalitions

Nitzan, Jonathan - 1992

This essay deals with the relationship between stagflation and the process of restructuring. The literature dealing with the interaction of stagnation and inflation is invariably based on some explicit or implicit assumptions about economic structure, but there are very few writings which...

Persistent link: https://www.econbiz.de/10011647601

Product market competition and lobbying coordination in the US mobile telecommunications industry

Jung, Astrid; Duso, Tomaso - 2003

This paper empirically investigates market behavior and firms’ lobbying in a unified structural setup. In a sequential game, where firms lobby for regulation before they compete in the product market, we derive a testable measure of lobbying coordination. Applying the setting to the early U.S....

Persistent link: https://www.econbiz.de/10010278063

Semiparametric Estimation of a Heteroskedastic Sample Selection Model

Songnian Chen,; Shakeeb Khan, - 2003

two scale functions is left unspecified. A three-step estimator for the parametersof interest in the outcome equation is … reweighted dependent variable isof a partially linear form, and the parameters of interest are estimated by an approachanalogous …

Persistent link: https://www.econbiz.de/10009475531

Technical uncertainties in and practical implications of the capitalisation of borrowing costs in South Africa / Leani van Staden

Van Staden, Leani - 2011

The International Accounting Standards Board (IASB) and the United States Financial Accounting Standards Board (FASB) have reaffirmed their commitment to accomplishing the convergence of International Financial Reporting Standards (IFRS) and US Generally Accepted Accounting Practice (US GAAP),...

Persistent link: https://www.econbiz.de/10009456148