EC Agricultural reform ad infinitum?

Refine Predictions Ad Infinitum?

We study how standard auction objectives in sponsored search markets change with refinements in the prediction of the relevance (click-through rates) of ads. We study mechanisms that optimize for a convex combination of efficiency and revenue. We show that the objective function of such a mechanism can only improve with refined (improved) relevance predictions, i.e., the search engine has no di...

EC Competition System – Proposals for Reform

At last year’s Fordham Corporate Law Institute, under the heading “The Millennium Approaches,” I spoke about the challenges that European Community (”EC” or ”Community”) competition law is facing or will face in the near future. I came to the conclusion that the time has come for a re-examination and modernization of our rules, in particular the implementing and procedural legislation. I reache...

Agricultural trade reform under the Doha

© 2008 The Authors Journal compilation © 2008 Australian Agricultural and Resource Economics Society Inc. and Blackwell Publishing Asia Pty Ltd doi: 10.1111/j.1467-8489.2007.00404.x Blackwell Publishing Ltd Oxford, UK AJAR ustralian Journal of Agricultural and Resource Economics 1364-985X © 2008 The Authors Journ Compilat on © 2008 A str lian Agricultural and Resource Economics Society Inc. and...

Modernization of EC Competition Law: Reform of Regulation No. 17

Ladies and Gentlemen, at last year’s conference I presented to you a wide variety of ongoing and proposed reforms with which the European Union intends to meet actual and future challenges for its competition policy. Today, one year later, we have made considerable progress in many respects. Most importantly, with our White Paper of 28 April 1999, we have launched the process for a fundamental ...

Policy Reform and Agricultural Adjustment in Transition Countries