[Amol Kulkarni is Director (Research), at CUTS International, Jaipur, India. Swasti Gupta is a Research Associate at CUTS International, Jaipur, India. Parveer Singh Ghuman is a former employee of CUTS International who participated in the study. Ujjwal Kumar is a Policy Analyst at CUTS International, Jaipur, India. This post was originally published in the Oxford Business Law Blog, and can be...
Google “Search Bias” Case: A Law and Economics Analysis
[Madhavi Singh is a is a 5th year B.A. LL.B. (Hons) student at National Law School of India University, Bangalore] Google has in many parts of the world faced allegations of abuse of dominant position for several practices. This post is limited to the Google “search bias” case before the European Commission (EC), the Federal Trade Commission (FTC), and the Competition Commission of India (CCI). I...
The Indian Competition Watchdog’s Application of the Herfindahl-Hirschman Index
[Suyash Bhamore is a 3rd Year B.A. LL.B. (Hons.) student, NLIU Bhopal] Background and Context Economics, more specifically, tools of economic analysis have always been accorded paramount importance when conducting competition analysis. The Herfindahl-Hirschman Index (HHI) is one such econometric tool, which is widely accepted by various competition regulators as a measure of market concentration...
Call for Papers: CRMD Journal on Economic and Financial Crisis
[The following call for papers is posted on behalf of the Centre of Risk Management and Derivatives at NLU Jodhpur] The Centre of Risk Management and Derivatives (CRMD) at NLUJ works on macroeconomic and development issues and problems in capital and money markets that lead to collapse of economic and financial systems in the form of crisis contagion. The CRMD proposes to launch the ‘CRMD...
RIP: Henry Manne
This past weekend witnessed the passing away of Henry Manne, one of the doyens of the law and economics movement and corporate law generally. He was 86. I remember Manne for his seminal work on hostile takeovers and the market for corporate control, which is contained in his 1965 article “Mergers and the Market for Corporate Control” and followed up in a 2002 op-ed in the Wall Street Journal...
Theoretical Foundations of Corporate Law: Ronald Coase
For those interested in theoretical aspects of the firm and their influence in corporate law, the Schumpeter column in the Economist discusses the academic life of Ronald Coase, who turns 100 this month. Here are some excerpts: The man who restored the pin factory to its rightful place at the heart of economic theory celebrates his 100th birthday on December 29th. The economics profession was...
The Impact of Tightening Financial Regulation
The last week has witnessed tighter financial regulations emerging out of the U.S. and European markets. While some of the reforms are expected to result in migration of investments into more liberal markets in Asia (including India), others represent introduction of stringent measures that are already in place in India. Possible Regulatory Arbitrage First, the European Union finance ministers...
The Economics Nobel Prize 2009 and Governance
This year’s Nobel Prize has been awarded to Professors Elinor Ostrom and Oliver Williamson for their work in the area of “economic governance”. The significance of this year’s award is its recognition of transaction economics despite its decline due to the financial crisis. Of relevance to our discussion is Williamson’s work, which has triggered academic thought in the area of law and economics...
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