We discuss issues of the application of antitrust law and regulatory rules to network industries. In assessing the application of antitrust in network industries, we analyze a number of relevant features of network industries and the way in which antitrust law and regulatory rules can affect them. These relevant features include (among others) network effects, market structure, market share and...

Damage compensation claims in case of cartels are supposed to increase deterrence, compensate losses and increase efficiency. I show that such claims can instead have adverse effects: If suppliers or buyers of cartelists are compensated in proportion to the profits lost due to the cartel, expected cartel profits can increase. Claims of downstream firms against upstream cartelists who do not mon...

The Law of the People’s Republic of China on Enterprise Income Tax regulates that in relation to the expenses from charitable donations incurred by Enterprises, the portion within 12% of the total annual profit may be deducted from the taxable income. The application of this Article is helpful for simplifying the calculation of enterprise income tax and encouraging tax-payers to engage in chari...

This paper compares assets-based portfolio management fees to profits-based fees. Whilst both forms of compensation can provide appropriate risk incentives, fund managers ́ limited liability induces more excess risk-taking under a profits-based fee contract. On the other hand, an assets-based fee is more costly to investors. In Spain, where the law explicitly permits both forms of retribution, a...

1.Introduction The activities of many criminal groups cross national boundaries and escape the control of governments and law enforcement agencies. As a result, they are as much part of domestic as of international politics. The problem of transnational crime in Southeast Asia is severe and consists primarily of drug trafficking, illegal migration, terrorism, money laundering, transnational pro...

I analyze how antitrust law and sectoral regulatory rules should be applied to network industries. I first identify a number of relevant features of network industries that may affect the way in which antitrust law and regulatory rules should be applied. These relevant features include (among others) network effects, market structure, market share and profits inequality, choice of technical sta...

The antiquities of Jammu and Kashmir reveal that women might have enjoyed a high status as elsewhere in India. But ,there was a marked deterioration in the position of women. Female children were not much desired and their sufferings became endless with the beginning of inroads of Turko-Afghan tribes for whom carrying away of women formed the prized item of booty. This situation gave new dimens...