The prevention of wrongdoing, both civil and criminal, is a growing preoccupation of businesses. The academic study of such compliance and potential wrongdoing is also a growth industry. However, much like a decentralized firm with various subunits that do not communicate efficiently with each...

Firms operate under a wide range of rules and regulations. These include, for example, environmental regulations (in which some industries have increased regulatory exposure) and finance and accounting (where all industries have reporting requirements). In other areas, such as antitrust cartels,...

More than ninety jurisdictions have some form of merger control regime under their antitrust or competition laws. Numerous other jurisdictions lack a formal merger control mechanism, but reserve the right to review and challenge mergers under their general competition laws, sector-specific laws,...

This article responds to Florian Becker's article in this journal, ldquo;The Case of Export Cartel Exemptions: Between Competition and Protectionism.rdquo; Professor Becker provides a number of insights into various approaches that battling export cartels may take. I take issue with three of...

With the adoption of the 2020 Vertical Merger Guidelines, the U.S. antitrust agencies have updated their guidance on vertical mergers for the Twenty-First Century. Although economists have long recognized the procompetitive benefits most vertical mergers generate, the law has not always followed...

This paper investigates the impacts of Airbnb on hotel demand and the price and non-price response strategies of incumbent hotels to Airbnb. We constructed a unique data set of tourist hotels and Airbnb listings before and after the entry of Airbnb in Taiwan. We found that the entry of Airbnb...