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This paper explores the nature and causes of the cartel compliance crisis that befell the National Industrial Recovery Act (NIRA) one year after its passage in 1933. We employ a simple game-theoretic model of the NIRA's cartel enforcement mechanism to show that the compliance crisis can largely...
Persistent link: https://www.econbiz.de/10014047753
decision-making become increasingly counter-productive. This article proposes a more pragmatic, "results-based regulation …
Persistent link: https://www.econbiz.de/10014139516
This article introduces the concept of systemic efficiencies, traces its theoretical underpinnings in economics, management and technology, and applies it to recent high profile cases. Systemic efficiencies occur in large complex systems through the interaction of multiple distributed...
Persistent link: https://www.econbiz.de/10014129579
Information in digital form transforms from a rivalrous to a non-rivalrous good, with profoundly different and counter-intuitive economic properties. This essay reviews five key features of digital goods: renewability, universality, magnetism, friction-free transfer, and vulnerability....
Persistent link: https://www.econbiz.de/10014125862
might lie. Withdrawal creates a number of legislative holes, with innumerable references to EU institutions and to its … the list of markets subject to ex ante regulation) would disappear, potentially requiring ‘transposition’ into domestic … institutions would require ‘beefing up’ of governmental and parliamentary capabilities. It would also require a much deeper …
Persistent link: https://www.econbiz.de/10014034908
Consumers have shifted their consumption of online content dramatically from websites that they browse from a personal computer to apps that they use on mobile devices. Marketers have moved with the eyeballs, particularly since people use their smartphones much of the day and carry them wherever...
Persistent link: https://www.econbiz.de/10014034988
Mobile telecommunications has been a considerable success with consumers, yet markets are oligopolies designed by governments and by industry, with many flaws, including limited ability to regulate prices, quality of service and coverage. Markets have been partially opened to competition, with...
Persistent link: https://www.econbiz.de/10014037810
There are many socio-economic benefits associated with the provision and use of broadband services. Arguably these are greatest for those living and working in rural areas, as broadband contributes to the ‘death of distance’. This paper focuses on the provision of broadband in rural...
Persistent link: https://www.econbiz.de/10014039591
The development of national broadband plans has been used by many countries to join up different areas of governmental and regulatory activities and to set ambitious targets for ubiquitous access to and use of the latest fixed and wireless networks and services. For Scotland this requires...
Persistent link: https://www.econbiz.de/10014040067
and international issues of structures for the governance of markets and concerns about pan-Arab nationalism, ancient …
Persistent link: https://www.econbiz.de/10014043604