In Memory of Jack L. Knetsch (1933–2022)
Published in Asian Journal of Law and Economics
Voluntary Green Commitment and Optimal Privatization Policy in a Mixed Eco-Industry
Published in Asian Journal of Law and Economics
This study investigates the impact of target emissions from polluting firms on the production of green technology and the optimal policy decisions of privatization on the eco-industry under their voluntary commitments. For this, we formulate a vertical structure consisting of a downstream polluting industry and an upstream mixed eco-industry where ...
A Comparative Analysis of Emissions Trading Systems: Cost Efficiency and Environmental Jurisdictional Authority Overlap
Published in Asian Journal of Law and Economics
This study conducts a comparative analysis of selected emissions trading systems (ETS) by examining them in terms of cost efficiency and jurisdictional authority overlap. Findings show that, the selected allowances markets generally exhibit cost inefficiency as manifested by price volatility. It is also found that ETS environmental jurisdictional o...
Global Warming and Border Carbon Adjustments
Published in Asian Journal of Law and Economics
This study examines the welfare implications of allowing border carbon adjustments (BCAs) in a globalized economy characterized by international trade and cross-border pollution (CBP). The model predicts that adopting BCAs is a weakly dominant strategy and global welfare is maximized when at least one country adopts BCAs in the presence of CBP, suc...
From Prosperity to Deadlock: What’s Wrong with Financial Supervision on Robo-Advisors in China
Published in Asian Journal of Law and Economics
Robo-advisors in China improved rapidly at beginning due to low market access standards and limited financial regulations. Since 2016, regulators worked out with various measures to promote the industry. However, statistics proved robo-advisory industry in China turned out to be less prosperous after that. Though it may result from complex reasons,...
Right to Informational Privacy in India: Shift from Property Right to Property Rule
Published in Asian Journal of Law and Economics
In today’s technological landscape, marked by continuous flow of data, it is difficult to think of data in terms of property rights, based on ownership. This is because data principals are almost always excluded from this ownership right and associated gains. With a specific focus on the Indian context, this paper analyses the framing of right to i...
Economic Analysis Methodologies Applied in Merger Investigations in the EU and China: Comparative Case Studies
Published in Asian Journal of Law and Economics
Understanding the application of economic analysis methods in merger reviews across various jurisdictions can benefit antitrust authorities when reviewing cases and aid the legal and economic teams that work with merging parties in better anticipating concerns and outcomes. The comparative studies on economic analysis methods applied in merger case...
Segmentation of Social Norms and Emergence of Social Conflicts Through COVID-19 Laws
Published in Asian Journal of Law and Economics
In the name of combating COVID-19, many countries have enacted laws that restrict citizens’ freedom of movement and freedom to operate businesses. These laws attempt to use the expressive effects of law and legal sanctions to make people conform to legal norms different from pre-existing social norms. The economic theory of law and social norms pre...
Employment Protection Legislation and Labour Market Outcomes: A Unit Level Analysis of the Indian Manufacturing Sector
Published in Asian Journal of Law and Economics
Building on insights from the insider-outsider theory, we examine the effects of the Employment Protection Legislation (EPL) on labour market outcomes, using high-court verdicts on labour disputes invoking Chapter 5-A and 5-B of the Industrial Disputes Act. Our regression analysis of a statewise unit-level dataset suggests that pro-worker judicial ...
China’s New Developments in Crackdown on Criminal Copyright Infringement in the Digital Era
Published in Asian Journal of Law and Economics
Under the external pressure mainly in the frame of the TRIPS and out of the intrinsic motivation to strengthen intellectual property protection from the height of national strategy, China raised the protective level under criminal law and introduced punitive damages in all intellectual property infringement cases. Rulemaking activities enlarged the...
