Using proprietary data from Alibaba, we examine how the 2015 Food Safety Law (FSL) affects e-commerce in China. The FSL requires most food sellers on e-commerce platforms to obtain a valid online license for retail food handling. Because the FSL was rolled out progressively, we have a rare...

Korean Abstract: 최근 구글의 알고리즘 변경 및 검색결과 조작에 대한 EU의 제재, 라쿠텐이 온라인 입점업체의 가격 결정권을 침해하고 무료 배송정책을 도입한 행위에 대한 일본 경쟁당국의 제한 조치, 네이버가 자사상품...

The Biden Administration, in its first few days in office, clearly stated its intention of using the public procurement system as a means to achieve goals such as favoring domestic companies and workers, ensuring a sustainable public health supply chain, protecting the federal workforce,...

Under what circumstances might a state be subject to liability for the conduct of its state owned enterprises (SOEs)? That question, always controversial but apparently settled by the end of the last century, has once again become important as the old conceptual categories for liability have...

Ten Thousand Commandments 2021 surveys the size, scope, and cost of federal regulation and intervention and effects on consumers, businesses, and the U.S. economy at large and otherwise attempts to shine a light on the under-appreciated “hidden tax” of America’s regulatory state. The new...

Claims of securities fraud had historically failed because investors seldom rely on false or misleading statements when transacting securities. To bolster confidence in securities markets, the U.S. Supreme Court adopted a doctrine called “fraud-on-the-market” so that duped investors can show...

Do healthcare providers pick their patients? This paper uses patient-level administrative data on skilled nursing facilities in California to estimate a structural model of selective admission practices in the nursing home industry. I exploit within-facility covariation between occupancy and...

Monopoly regulated utilities operate under a duty to serve - they must provide service on a non-discriminatory basis to all who request it within their state-sanctioned monopoly territory. As climate change alters the conditions of the natural world, utilities will find themselves in the...

Decentralization cannot evolve in a vacuum. As decentralized technology becomes increasingly available, its application, adaptation, and evolution depend on society’s acceptance and use of the technology. While improved decentralized incentive designs can accelerate adoption, design alone will...