By R. Ian McEwin on March 17, 2011

Dr. R Ian McEwin, Director at Global Economics Group, and Dr. Corinne Chew provide a close examination of the facts and significance of one of the first antitrust cases in China. In China”The Baidu Decision, Dr. McEwan and Dr. Chew identify a number of problems and shortcomings with the process of implementing the law. For […]

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By Stephen Craig Pirrong on March 17, 2011

In Energy Market Manipulation: Definition, Diagnosis, and Deterrence (Energy Law Journal, Vol. 31, No. 1, 2010), Dr. Craig Pirrong, Director at Global Economics Group, focuses on the shortcoming of existing laws addressing energy market manipulation, namely that existing laws only address fraud-based manipulation and are ill-suited to address market power manipulation. Dr. Pirrong suggests that […]

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By Stephen Craig Pirrong on March 17, 2011

In response to the financial crisis of 2007-2009 and the various proposals to regulate problematic markets, Dr. Craig Pirrong, Director at Global Economics Group, strongly cautions against treating all derivatives alike when it comes to their regulation. In The Clearinghouse Cure (Regulation magazine, Winter 2008-2009), Dr. Pirrong writes that a clearinghouse will not automatically neutralize […]

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By Stephen Craig Pirrong on March 17, 2011

Dr. Craig Pirrong, Director at Global Economics Group, lays out the advantages and risks to a mandated clearing requirement for the over-the-counter derivatives market. In The Inefficiency of Clearing Mandates (Policy Analysis, No. 665, 2010), Dr. Pirrong describes the dynamics of counterparty risk in the derivatives market while discussing the relative importance of both the […]

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By Vanessa Yanhua Zhang on March 17, 2011

The core to fueling any developed country’s economy is electricity and as a result, great attention must be given to the fastest growing and second largest economy in the world. Russell Pittman and Dr. Vanessa Yanhua Zhang, Principal at Global Economics Group, address this important global issue by presenting a close examination of the electrical […]

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By Richard Schmalensee on March 17, 2011

Dr. Richard Schmalensee, Director at Global Economics Group, assess whether or not a measure of upward pricing pressure (UPP) should be used to assess competitive impact of a proposed merger. In Should New Merger Guidelines Give UPP Market Definition? (Competition Policy International, 2009), Dr. Schmalensee provides a detailed economic theoretical analysis of post-merger price changes […]

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