The main problem in the application of antitrust policy is to deter anti-competitive conduct that is anti- competitive, while not discouraging the very competitive behaviour antitrust is designed to protect. Immediate solutions are not easy to determine, where traditional economic sectors are...

This paper deals with the way in which various legal instruments provide compensation to victims of catastrophes in Europe. The traditional law and economics of insurance literature with respect o government relief and insurance solutions towards financial compensation is used to analyse various...

La littérature sur les pays de l’Europe Centrale et Orientale est très riche mais porte essentiellement sur les transformations macroéconomiques. Dans cet article nous visons démontrer l’hétérogénéité des résultats obtenu pendant la transition en Europe Centrale et Orientale, à...

Many injurers now offer to buy out victims' property to reduce harm. This pa- per examines the e¢ ciency of buyouts negotiated in the shadow of regulation and liability rules which require injurers to take e¢ cient precautions. It shows that if the social bene?t from precautions is increasing...

This article reassess informational financial contagion theory relevant to systemic risk in banking in the light of a coordination problem approach to economics, and then proceed to analyze and comment some related types of systemic risk policies. Typically, policies to limit or contain...

The paper analyzes a policy proposition to take into account indirect land use changes in the evaluation of GHG emissions by biofuel industry. Based on an extensive survey of scientific literature onILUC, it is argued that, due to the absence of a satisfactory scientific evaluation of ILUC, the...

Reasons for the joint use of ex ante regulation and ex post liability to cope with environmental accidents have been a longstanding issue in law and economics literature. This article, which includes the first empirical study of the French environmental legal system, analyzes courts’ decisions...