We consider a platform facilitating trade between sellers and buyers with the objective of maximizing consumer surplus. Even though in many such marketplaces prices are set by revenue-maximizing sellers, platforms can influence prices through (i) price-dependent promotion policies that can...

The reform of the Transparency Directive is presently on the political agenda, with one of the key questions focussing on the level of harmonisation: Should the current minimum harmonisation be retained or is a move towards full harmonisation advisable? After confirming legal competence for the...

The Supreme Court's Citizens United decision to let corporations spend unlimited sums in federal elections was premised on a pair of promises: Corporations would disclose expenditures, and shareholders would police such spending. Those promises remain unfulfilled: of $266 million spent by...

This Essay demonstrates that the theory underlying ABA Model Rule of Professional Conduct 1.13(c), granting lawyers the option to reveal certain client confidences on a discretionary basis, doesn't work. Despite some compelling reasons for permitting disclosure of clients' “bad” behavior,...

Our study seeks to investigate changes in the market reaction to earnings-related disclosures following the introduction of the New Zealand continuous disclosure reform. We further extend to study whether these changes are different when there exist the alternative sources of earnings-related...

Disclosure has its limits. One big focus of attention, criticism, and proposals for reform in the aftermath of the 2008 financial crisis has been securities disclosure. But most of the criticisms of disclosure relate to retail investors. The securities at issue in the crisis were mostly sold to...

This paper will examine the disclosure challenges facing public corporations that are grappling with sexual misconduct issues in the #MeToo world. Part I overviews the disclosure regime surrounding securities enforcement, including the relevant statutes, rules, concepts, and goals. Part II will...

The improper use of inside information, governed by EU Regulation No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (MAR) consists of three types of conduct: two of them, known as ‘insider dealing' (or insider trading), are described under Article...