This paper uses a new time series dataset of shareholder protection consisting of 60 annual legal indicators for the period 1970-2005 for France, Germany, the UK and the US. On the basis of these data it examines developments in shareholder protection and reassesses the claims that common-law countries have better shareholder protection than civil law countries. Furthermore it examines the rela...

The opening panel at the University of Colorado—Boulder’s “Economics of Privacy” Conference was asked to tackle an important but perilous question: Is there a market failure for information privacy? The question is perilous, because the term “market failure” is unfortunately used, and misused, to refer to different things (from market outcomes that are not Pareto efficient, correctly; to, incor...

This paper analyses a longitudinal dataset on legal protection of shareholders over a 36 year period, 1970-2005 for four advanced countries, UK, France, Germany and the US. It examines two aspects of the legal origin hypothesis whether shareholder protection is higher in the common law countries (UK and USA) than in the civil law countries (France and Germany) and whether shareholder protection...

Does Antidumping Protection Raise Market Power? Evidence from Firm Level Data* This Paper empirically tests the effects of Anti-Dumping (AD) protection on the price-cost margin of firms. To this end, we use a rich panel data set of 1,666 EU producers that were involved in AD cases initiated in 1996. Our findings indicate that price-cost margins in most cases significantly increase in the period...

abstract in this research, the comparative advantage of cereals including: wheat, barley and corn in cities of kerman, bardsir and baft was investigated by using domestic resource cost (drc), social cost benefit (scb) and effective protection coefficient (epc) index during 2005-2006 and effect of exchange rate changes, price changes and products costs on comparative advantage, were investigated...

Dewasa ini, peran Market Maker sangatlah penting bagi terciptanya likuiditas dalam transaksi perdagangan yang diatur sesuai dengan kebijakan masing-masing negara. Transaksi biasa terjadi di bursa efek, baik itu saham Indonesia atau efek lainnya, tidak semua tersebut murni dilakukan oleh investor ataupun trader. Bisa dikatakan, ada semacam dilancarkan segelintir orang alasan kepentingan lain, se...