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Western legal systems have historically helped establish trust between parties and reduce transactional uncertainty by providing recourse to legal procedures. Nonetheless, establishing trust still imposes significant transactional costs and blockchain may reduce them to a smaller level. In the...
Persistent link: https://www.econbiz.de/10012899077
Blockchain may transform transactions the same way the Internet altered the dissemination and nature of information. If that were to be the case, all relationships between companies would change, including prohibited ones such as collusive agreements. For that reason, the stakes are crucial and...
Persistent link: https://www.econbiz.de/10012850433
On behalf of 65 professors, this brief supports the student-athletes in NCAA v. Alston. The brief has three main points.First, the Petitioners (the NCAA and athletics conferences) seek to unwind a century of antitrust law by obtaining immunity for anticompetitive conduct. The NCAA, alone among...
Persistent link: https://www.econbiz.de/10013241309
Blockchain technology has in recent years captured attention and funding based on its promise to build trust among multiple parties without the need for a trusted intermediary. Born out of government-funded research on game theoretic Byzantine consensus, it offers the prospect of a more...
Persistent link: https://www.econbiz.de/10014094292
This paper contains an economic and legal analysis of the lawsuit Microsoft vs. U.S. Department of Justice beginning with the District Court's decision on June 7, 2000 up to the Proposed Final Judgement on November 6, 2001. I found that the courts' underlying economic paradigm regarding the...
Persistent link: https://www.econbiz.de/10010300046
This paper contains an economic and legal analysis of the lawsuit Microsoft vs. U.S. Department of Justice beginning with the District Court's decision on June 7, 2000 up to the Proposed Final Judgement on November 6, 2001. I found that the courts' underlying economic paradigm regarding the...
Persistent link: https://www.econbiz.de/10003958724
In this paper, we will analyse further the issue of concurrence between competition and sector rules and the relation between parallel concepts within the two different legal frameworks. We will firstly examine Third Party Access in relation to essential facilities doctrine and refusal of access...
Persistent link: https://www.econbiz.de/10013134857
The analytical framework of the Horizontal Merger Guidelines, first introduced by Bill Baxter in 1982, has been adopted by numerous Assistant Attorney Generals and Federal Trade Commission Chairmen of both political parties. For example, former Assistant Attorney General Charles James called the...
Persistent link: https://www.econbiz.de/10013101574
The static model of competition, which dominates modern antitrust analysis, has served antitrust law well. Nonetheless, as commentators have observed, the static model ignores the impact that competitive (or anti-competitive) activities undertaken today will have upon future market conditions....
Persistent link: https://www.econbiz.de/10013105094
The potential complementarities between antitrust and consumer protection law — collectively, “consumer law”— are well known. The rise of the newly established Consumer Financial Protection Bureau (CFPB) portends a deep rift in the intellectual infrastructure of consumer law that...
Persistent link: https://www.econbiz.de/10013105780