Answerable only to the courts that have the sole authority to grant or withhold the right to practice law, lawyers operate under a system of self-regulation. The self-regulated legal profession staunchly resists external interference from the legislative and administrative branches of...

This study takes a comprehensive look at the overall flexibility of regulatory governance in Korea, including the design, implementation, and monitoring of the many issues surrounding regulatory reform that stand in the way of innovation growth. Based on the findings of the analysis, the paper...

Due to legislative and judicial developments, standard-setting has come to the forefront of public debates. Being for a long time considered as a 'no passing zone' for everyone but engineers and technical experts, standard-setting organizations (SSOs) have produced a rowing solid body of...

The reform of Patent Law in Europe is an old project. It started with the creation of the European Patent in 1973, but it has now been put to a halt because European States do not manage to implement new reforms. The goal of this article is to present the economic issues underlying these reforms...

The current debate over network neutrality has not fully appreciated how service differentiation can benefit consumers and promote Internet adoption. On the demand-side, service differentiation addresses the primary obstacle to adoption, which is the lack of perceived need for Internet service,...

Thirty-four states require death-care firms that specialize in low-cost cremations to have embalming rooms, despite the fact that such firms have no use for them. Many states also require death-care firms to have chapels and casket display rooms. We test whether such requirements affect funeral...

This study provides a detailed analysis of how the Portuguese payment system operates and how regulatory interventions, especially those involving price controls, would likely affect the interest of the various stakeholders in the system including consumers, merchants, banks, schemes, and...

This article studies the impact of regulatory uncertainty on an incumbent’s incentives to undertake the socially optimal investments in NGA networks. Thus, a regulatory non-commitment setting in which the regulator sets the access price after the deployment of the NGA network is used. In...

Quality of life challenges, presented by the Covid-19 pandemic, emphasized the importance in achieving progress in making access to voice and broadband data services widespread and affordable. The virus forced nearly everyone to shelter in place, and to rely on wired and wireless technologies...

One cannot be a fully conversant antitrust practitioner or academic in today’s antitrust environment without a basic, if not sophisticated, understanding of markets involving multisided platforms or so-called ecosystems—multiple horizontal and vertical relationships that center around...