This article presents results from a laboratory experiment studying the channels through which different law enforcement strategies deter cartel formation. With leniency policies offering immunity to the first reporting party, a high fine is the main determinant of deterrence, having a strong effect even when the probability of exogenous detection is zero. Deterrence appears to be mainly dr…

This article presents a tractable framework for studying frictionless matching in education and labor markets when individuals have heterogeneous communication and cognitive skills. In the model, there are gains to specialization and team production, but specialization requires communication and coordination between team members. Individuals accumulate cognitive skills in schools when youn…

Tahun Terbit

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The archetype of the New Deal agency, exercising neutral, technocratic expertise, is no longer tenable. As Richard Stewart (1975. �Reformation of Administrative Law,� 88 Harvard Law Review 1667�813) noted 35 years ago, administrative law �is undergoing a fundamental transformation.� Following Stewart, the modern explanation in legal scholarship of the transformation…

Many empirical studies have found that circuit judges� votes are significantly influenced by their panel colleagues. Although this influence is typically measured in terms of colleagues� characteristics, this article argues that it is better understood as an effect of colleagues� votes. Applying the latter interpretation, this article reanalyzes 11 prior studies of panel voti…

Tahun Terbit

2016

Edisi

Cet.1

ISBN/ISSN

978-602-1078-38-9

Deskripsi Fisik

iii, 128 p. ; 23x15 cm

No. Panggil

2X6.3 FAO e

The energy industry has been Mexico�s main economic engine since the early 20th century. Booming oilfields across the Gulf of Mexico have financed government expenditures, social programmes and infrastructure for almost 80 years. Nevertheless, Mexico�s once abundant reserves have been dwindling at an accelerated rate under the energy monopoly model controlled by the state. As explora…

From the 1920s to the 1960s, seven major International Oil Companies (IOCs) were almost the only market players in the global petroleum industry. Their share of oil and gas reserves, however, fell dramatically from about 85 per cent in 1970 to less than 10 per cent today. Changes in the competitive dynamics of the upstream petroleum industry are, however, less studied areas in the literature.…

Sellers and buyers of political risk insurance (PRI) ask a simple question about a claimed indirect expropriation: �Is it covered by the PRI policy?� The answer is far from simple. This article investigates only one PRI coverage�compensation for indirect expropriatory conduct. Numerous definitional issues and uncertainties exist. Investors in energy projects and PRI insurance p…

Tahun Terbit

1980

Deskripsi Fisik

44 hlm, 21 cm

No. Panggil

658.302 WHI s