Crisis cartels are one of the most challenging issues for competition authorities, who need to strike a balance between strictly antitrust considerations and non-economic government objectives, such as social welfare and survival of entire market sectors. The current global recession has made...

This is a Powerpoint presentation. The full article is also available on ssrn at http://ssrn.com/abstract=1924831U.S. policymakers often treat market competition as a panacea. However, in the case of mortgage securitization, policymakers' faith in competition is misplaced. Competitive mortgage...

Compared to equity-based companies, the challenge posed by partnerships resides in the nature of the undertakings given by their partners and owners, which may be backed by all their personal wealth. Although financial performance is rarely questioned, even if it is debatable, the concept of,...

Group buying enables collective bargaining opportunity that individual buyers lack to negotiate prices with sellers. This potential negotiation capability has two opposing effects. On the one hand, the prospect of the group being able to negotiate price with its rival forces each seller to lower...

U.S. policymakers often treat market competition as a panacea. However, in the case of mortgage securitization, policymakers' faith in competition is misplaced. Competitive mortgage securitization has been tried three times in U.S. history - during the 1880s, the 1920s, and the 2000s - and every...

Under the present civil Sudanese conditions, the country endures many hardships which are manifested in economic retraction, inflation, recession and stagflation. However, those are not the sole reasons for the sporadic conflicts that infest the people. Illegitimate property and economic...

This paper examines public valuations of mortality risk reductions. We set up a theoretical framework that allows for altruistic preferences, and subsequently test theoretical predictions through the design of a discrete choice experiment. By varying the tax scenario (uniform versus individual...

This paper develops a conceptual framework, which can accommodate a wide range of value judgments used in ethical evaluations of extended social states and which can be used to differentiate different categories of value judgments by referring to the type of information on which they may be...

Portuguese Abstract: O volume de investimentos governamentais na área de segurança pública, conforme as informações de orçamentos públicos, estão excessivamente elevados, em detrimento de áreas como a saúde pública, cujos valores apresentam-se aquém das necessidades. Faz-se...

I examine the once popular claim according to which interpersonal comparisons of welfare are necessary for social choice. I side with current social choice theorists in emphasizing that, on a narrow construal, this necessity claim is refuted beyond appeal. However, I depart from the opinion...