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Over the past two to three decades economics has played an increasingly important role in the development of U.S. antitrust enforcement and policy. This essay first reviews the major facets of U.S. antitrust enforcement and next reviews the ways in which economics - starting from a low base - has grown in importance in antitrust. The essay then highlights three antitrust areas in which the influence of economics has had the greatest influence: merger analysis, vertical relationships, and predatory pricing. The essay concludes with the identification of four antitrust areas where further economics analysis could have high returns.
... of 1890, the Clayton Act of 1914, and the Federal Trade Commission Act of 1914. Next, because the la...'s (1954, 1956) finding that economies of scale, though a significant barrier to entry in many ind...
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This article examines the federal government's growing use of 18 USC § 1346 to prosecute public company executives for breaching their fiduciary duties. Section 1346 is a controversial but under-examined statute making it a felony to engage in a scheme "to deprive another of the intangible right of honest services." Although enacted by Congress over twenty years ago, the Supreme Court repeatedly declined to review the statute, until now. The questions before the Supreme Court are of particular interest to public company executives and their professional advisors. Traditionally, Delaware law has governed the content and enforcement of executives' legal duties, largely protecting public company fiduciaries from civil liability. Now, with the emergence of honest services fraud as a weapon ...
... investigatory body to conduct a full scale investigation of the financial crisis. FERA establ...
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... to United States and German law enforcement. (3) On February 11, 2009, the DOJ and the SEC rep... to become public (such as through the federal securities laws' disclosure regime or a whistleblo... promote competition compliance on a global scale. . If law enforcement policies are less transparen...
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... DIRECTOR, DIVISION OF ENFORCEMENT, SECURITIES AND EXCHANGE COMMISSIO... to the enforcement division as a former federal prosecutor with the United States Attorneys' Offic... way the rules have been proposed really scales the requirements to acknowledge that and to acknow...
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...federal deficit. . Predictions . Given the vast uncertaint... order to enhance the government's tax enforcement tools, it would seek TIEAs with tax haven countrie...This very sensible decision to scale back these proposals will greatly simplify tax rep...
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..., a leading scholar in constitutional law, federal courts, and civil procedure, argues that studies o... vehicle for obtaining the permanent enforcement of the autonomy-promoting right to equal protectio... individual causes of action into large-scale litigation. For example, Senator Herb Kohl, who su...
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... embarked upon a much-heralded shift in federal policy toward medical marijuana. Eschewing the har.... On the surface, the Non-Enforcement Policy (NEP) signals a welcome reprieve for the mo... its resources almost exclusively on large-scale marijuana distributors. (75) Second, for some user...
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In two big busts in the past six weeks, the Metro Drug Unit seized more than 50 pounds of marijuana. Thats nearly half the total amount confiscated in all of last year. The unit seized 28.5 pounds from a vehicle in Charleston last week and 24.5 pounds from a home on the citys West Side in June. Weve had a great year, said Lt. Chad Napier, the units commander and a Charleston Police officer. This year has been the best year of my career. Napier said the quantity of illegal drugs and drug money seized by the department is up across the board this year but because of the large number of active cases, he is limited on what he can talk about. He did provide some statistics for 2009. Napier noted an increase in OxyContin seizures last year, rising from 503 pills seized in 2008 to 1,857 pills ...
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... practices, the scope, evolution, and enforcement of those laws vary considerably from state to stat... States are unique in their prevalence, scale, and economic impact. . Consumer protection law in...
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... of self-interested minorities to loot the federal fisc." (7) Moreover, as the new governance school ... conundrum like climate change, as the full scale of the challenge cannot be grasped through an anal... its ideals of interpersonal norm enforcement and protection from harm. In part this is due to t...