This paper provides an introduction to the economics of contract law. It begins by setting out the basic elements of the economics of contract, contractual problems, and abuses. It then examines the purpose of contract law, its various doctrines (eg. consideration, disclosure and mistake) and...

This doctoral thesis examines three aspects of industrial safety in the British labour market – the impact of industrial accidents on manufacturing industry wages during the 1970s; the basis for and impact of changes in English common law and employers’ liability rules on the accident rates...

In the past, the use of a compulsory levy on television sets (a licence fee) to finance the BBC could be justified given the problem of spectrum scarcity and the fact that television signals were a public good (i.e. there was effectively a zero marginal cost of an additional user receiving the...

This paper undertakes a statistical analysis of the fines imposed on 168 firms in 22 cartels prosecuted by European Commission under the 2006 Penalty Guidelines, leniency notice, settlement process, and the courts on appeals over the period 2007 to 2010. It looks closely at how the Commission...

This foreword reviews the law and economics of an anti-competitive margin squeeze adopted by European and national competition authorities together with a critical assessment of the European Court of Justice's Telia/Sonera judgment in early 2012

Based on interviews of all UK based third party litigation funders the paper provides new empirical evidence on the nature, extent and type of third party funding of litigation. It also examines the emergence of new group or class action third party funders in Europe focused primarily on...

This chapter sets out the principles and emerging practice governing cartel damages in the EU and UK. It identifies the types of damages available; the issue surrounding causation, pass-on, volume effects, and mitigation; and the methods that have been be used to estimate overcharges, volume...

The effects of the increase in the employers’ liability on work accidents is under-researched. Here the impact using time series analysis of changes brought about by the Employers’ Liability Act 1880 and Workmens’ Compensation Act 1897 on the UK coal mining fatality rates and wages over...

The European Commission's decision to block the GE/Honeywell merger in 2001 ignited a wave of criticism from US antitrust authorities and commentators not seen since the Boeing/McDonnell Douglas merger in the mid-90s. This revealed deep differences in the substance and enforcement of EC and US...