In 2015, the Governor of Maryland cancelled a light rail project planned for Baltimore City. Around that time, governors in five states had also cancelled federally funded, mass transit rail projects. Each cancellation was similarly justified by claims that the transportation projects were...

Agreements not to compete are generally an anathema to free market advocates. Independent profit maximization is one of the fundamental assumptions of the neoclassical economic model and necessary to its conclusion that markets yield results that are Paraeto efficient. Consistent with this...

In recent 10 years, the number of political parties in the Dutch Parliament has increased almost twice, from 8-9 parties in 2003-2010 to 14-15 parties in the present Dutch Parliament. It has done nothing good for the Dutch politics and country political stability.From the statistic provided by...

Prospective franchisees often enter into the franchisor-franchisee relationship without truly knowing what they are getting into, leading to franchisee confusion, disappointment, and frustration. As a countermeasure, the FTC’s Franchise Rule compels pre-contract disclosures intended to foster...

Emerging technologies, such as AI systems, distributed ledgers, but also private e-commerce and telecommunication platforms have permeated every aspect of our social, economic, political relations. Various bodies of the state, from education, via law enforcement to healthcare also increasingly...

The United States stood virtually alone when it enacted its first antitrust statute in 1890. Today, almost all nations have adopted competition laws (the term used in most other nations), and US antitrust agencies interact with foreign enforc-ers on a daily basis. This globalization of antitrust...

This Article, part of a theme-volume on the Credit C.A.R.D. Act, explores the phenomenon of credit card “rate-jacking” — the practice of card issuers suddenly raising the interest rate on an account, often applying the new rate retroactively to existing balances. This Article examines the...

In the wake of the recent financial crisis, Congress has sought to regulate the proprietary trading activities of Wall Street banks. The Volcker Rule, passed into law as section 619 of the Dodd-Frank Act, bans proprietary trading for deposit-taking banks and bank holding companies with...

On 6 April 2011, Lord Neuberger, the Master of the Rolls, delivered the second Lord Alexander of Weedon Lecture. In it he revisited the awkward tension which exists between the “notion of supremacy of the democratically elected legislature and the rule of law”. While the topic approached is...

Our research addresses fundamental long-standing concerns in the compensating wage differentials literature and its public policy implications: the econometric properties of estimates of the value of statistical life (VSL) and the wide range of such estimates from about $0 to almost $30 million....