scholarly journals The Impact of EU Cartel Policy Reforms on the Timing of Settlements in Private Follow-On Damages Disputes: An Empirical Assessment of Cases from 2001 to 2015

2019 ◽  
Author(s):  
Hans Wolfgang Friederiszick ◽  
Linda Gratz ◽  
Michael Rauber
Keyword(s):  
Policy Reforms ◽  
Empirical Assessment ◽  
The Impact ◽  
Cartel Policy

scholarly journals The impact of EU cartel policy reforms on the timing of settlements in private follow-on damages disputes—an empirical assessment of cases from 2001 to 2015

2020 ◽  
Author(s):  
Hans W Friederiszick ◽  
Linda Gratz ◽  
Michael Rauber
Keyword(s):  
European Commission ◽  
Substantial Reduction ◽  
Reform Process ◽  
Policy Reforms ◽  
Eu Directive ◽  
Legal Concepts ◽  
The Impact ◽  
High Share ◽  
The Eu ◽  
Cartel Policy

Abstract Private cartel damages litigation is on the rise in Europe since early 2000. This development has been initiated by the European courts and was supported by various policy initiatives of the European Commission, which found its culmination in the implementation of the EU Directive on Antitrust Damages end of 2016. This article explores the impact of this reform process on effective compensation of damaged parties of cartel infringements. For that purpose, we analyse all European cartel cases with a decision date between 2001 and 2015, for which we analyse litigation activity and speed. Overall, we find a substantial reduction of the time until the first settlement (increase in litigation speed) together with a persisting high share of cases being litigated (high litigation activity). This supports the view that the reform not only increased the claimant’s expectation about the amount of damages being awarded but also resulted in an alignment in the expectations of claimants and defendants in the final damages amount, ie the European Commission succeeded in reaching its objective to clarify and harmonize legal concepts across Europe.

scholarly journals Moral Suasion or Policy Reforms? How to Tackle Sectarian Violence in Pakistan: The Case Study of Gilgit-Baltistan

2019 ◽  
Vol IV (II) ◽  
pp. 291-297
Author(s):  
Saranjam Muhammad Baig
Keyword(s):  
Contemporary Literature ◽  
Peace Building ◽  
Market Failures ◽  
Policy Reforms ◽  
Social Sciences And Humanities ◽  
Religious Conflicts ◽  
Sectarian Conflict ◽  
Implementation Failure ◽  
Gilgit Baltistan ◽  
The Impact

The existing literature in social sciences and humanities analyzing root causes of sectarian and religious conflicts focus mostly on micro-factors. The inability of market and state factors to control sectarian conflict for last seven decades remains understudied by the contemporary literature. This article aims at filling that gap and seeks to identify certain market and government failures that have implications on sectarian and religious conflicts. More specifically, it identifies four market failures namely asymmetries of information, externalities, equity and public goods and three government failures, which include democracy failure, bureaucratic failure and implementation failure. In contrast to the literature shedding light on the impact and gravity of sectarian and religious violence in the country, the purpose here remains to highlight important aspects of public policy reforms for peace making and peace building. This article, based on the aforementioned market and government failures, suggests a whole new set of policy reforms.

Can the Post-COVID FDI Boost the Indian Economy?

2022 ◽  
pp. 097226292110662
Author(s):  
Isha Jaswal ◽  
Badri Narayanan G ◽  
Shanu Jain
Keyword(s):  
Computable General Equilibrium ◽  
Motor Vehicle ◽  
Trade Policies ◽  
Cge Model ◽  
Foreign Direct Investments ◽  
Policy Reforms ◽  
Fdi Inflows ◽  
Area Of Interest ◽  
Potential Impact ◽  
The Impact

Ever since the liberation of trade policies in India, Foreign Direct Investments (FDI) has been crucial in the growth of the economy, both at the macro as well as sector level. The association between FDI and economic growth is an area of interest globally. The investment decisions are affected by several national and international events that add to the volatility of the number of inflows. COVID-19 pandemic severely impacted the intensity of FDI inflows. But the strong resilience by our government manifested in crucial policy reforms and proactive decision-making minimized the impact. This article examines the potential impact of FDI on crucial macroeconomic variables using the Computable General Equilibrium (CGE) Model. Introducing the policy shock of $90 billion into the model, an increase of 5.68% per annum in GDP is estimated. Findings indicate that the impact of FDI shall be favourable to a large number of sectors mainly metals, construction, motor vehicle, computers, and electronics in terms of increased output, exports, and employment opportunities. The study offers logical implications for the policymakers to continue strengthening their moves to attract FDI.

The Impact of Mergers on Bank Competitiveness in Nigerian Banking Industry

2012 ◽  
Vol 3 (4) ◽  
pp. 64-80 ◽  
Author(s):  
Ochei Ailemen Ikpefan ◽  
Benny Chukwudumebi Oligbo
Keyword(s):  
Banking Industry ◽  
Ordinary Least Squares ◽  
Policy Reforms ◽  
Study Objective ◽  
Financial Deregulation ◽  
Performance Gains ◽  
Bank Restructuring ◽  
The Impact ◽  
Nigerian Banking ◽  
Least Squares Approach

An inclusive merger mechanism became one option for the Nigerian banking industry in response to a Central Bank of Nigeria’s policy to increase the minimum paid-up share capital requirement of Nigerian banks from N2 billion to N25 billion in July 2004, with December 31, 2005 as deadline. More than half of the 89 banks in Nigeria as at July 2004 were engaged in one form of merger. The study objective gives insight into the effectiveness of economic policy reforms in the Nigerian banking industry. This study examines the merger’s impact on bank competitiveness between 2000 and 2009. The period was characterized by financial deregulation, the Global economic crisis, and bank restructuring programs. The panel data ordinary least squares approach is the methodology employed to investigate if there is any significant effect of merger on the bank competitiveness from the pre to the post merger periods, in order to detect whether bank mergers produce any performance gains as well as factors contributing to the competitiveness in the Nigerian banking industry.

scholarly journals Empirical Assessment of the Impact of Low-Cost Generic Programs on Adherence-Based Quality Measures

Pharmacy ◽  
2017 ◽  
Vol 5 (4) ◽  
pp. 15
Author(s):  
Nathan Pauly ◽  
Jeffery Talbert ◽  
Joshua Brown
Keyword(s):  
Low Cost ◽  
Quality Measures ◽  
Empirical Assessment ◽  
The Impact

Customary Rights of Farmers in Neoliberal India

2020 ◽  
Author(s):  
Sophy K. Joseph
Keyword(s):  
Property Rights ◽  
Private Property ◽  
Food Sovereignty ◽  
Green Revolution ◽  
Evolutionary Process ◽  
Policy Reforms ◽  
Rural Space ◽  
Non Governmental Organizations ◽  
Customary Rights ◽  
The Impact

The Protection of Plant Varieties and Farmer’s Rights Act, 2001, promises to balance the intellectual property rights of plant breeders and farmers under one umbrella legislation. However, there remain several grey areas and the rights of farmers, in reality, are still tenuous. Though the rights framework was foregrounded on an understanding between non-governmental organizations and industry, there is lack of clarity at both conceptual and procedural levels. In this context, Sophy K. Joseph analyses the impact of legal policy reforms during the ongoing Second Green Revolution on farmers’ customary rights and livelihood. The author discusses how the extension of private property rights to plant varieties, seeds, and other agrarian resources changed the demographic composition of the rural space, with increased migration of cultivators to the cities. The book argues that the transition from state interventionism (during the First Green Revolution), to state abstention (in the Second Green Revolution) has dramatically influenced India’s conventional agrarian practices and traditions. This work maps the evolutionary process of neoliberal economic and legal policies and its interference with primary concerns such as food security, food sovereignty, and agrarian self-reliance of the country.

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