Coercion and the Global Spread of Securities Regulation

Securities laws, overseen by independent regulatory agencies, have spread around the world. This article argues that coercion has played a more critical role in the spread of regulatory models than previously acknowledged. In particular, I argue that globally integrated markets can provide powerful regulators and governments with strong incentives to actively promote the export of their regulatory models. Case study evidence and the analysis of a global data set on the establishment of US-style securities regulatory regimes between 1973 and 2007 lend support to the crucial role of the US government and the US Securities and Exchange Commission in spreading the US securities regulatory model around the world.     

Not letting ‘bad apples’ spoil the bunch: Democratization and strict international organization accession rules

To solve their domestic and international problems, democratizing states often form new international organizations. In doing so, they face the question of institutional design: what types of rules and provisions should be included in the charter of the new international organization? We analyze this question through the lens of accession rules, with an emphasis on voting rules. We argue that democratizing states have strong incentives to design organizations with strict accession rules. Organizations with strict accession rules allow the founding members to regulate entry. This is particularly useful for transitional democracies, as democratizing states are initially unable to gain entry into the lucrative existing international organizations operated by the established democracies. Using original data on accession voting rules in 324 international organizations, we find strong evidence in support of our claims.     

Willingness to Pay for Solar Lanterns: Does the Trial Period Play a Role?

Where electricity access is limited, solar lanterns are a viable and relatively inexpensive source of basic lighting for households. However, the creation of commercially viable business models for solar lanterns is difficult because the customers are poor and make decisions under tight liquidity constraints. To understand the economics of technology adoption in the case of solar lanterns, we conduct a field experiment on willingness to pay (WTP) for solar lanterns in rural Uttar Pradesh. Applying the Becker–DeGroot–Marschak method of eliciting WTP, we evaluate the ability of a trial period and postponed payment to increase sales. We find no evidence for the effectiveness of the trial period and only weak evidence for the positive effect of postponed payment. Overall, WTP for the product among the customers is low. There is no clear evidence for concerns about the uncertain quality of the product, liquidity constraints, or present‐bias. In this context, policies to subsidize very small solar lanterns would not correct a market failure, as people appear to have only a limited interest in the product.     

Complaints and findings by the Press Ombudsman on the ANC and ANC-led government: A case study

Abstract

A growing crisis of confidence between the ANC and the ANC-led government and the press came to a head in 2010/11. The ANC suggested the creation of a statutory press tribunal and supported the Protection of Information Bill, both regarded as an infringement on freedom of the press by critics. Parallel to this, a review process of the voluntary self-regulation system took place, followed by another commission on press self-regulation. The result was a new system of ‘independent co-regulation’, which was implemented on February 1, 2013. This article takes a step back to investigate the possible reasons why the ANC and the ANC-led government were so critical of the old system of self-regulation. The success (or lack thereof) experienced by the ANC and the ANC-led government in their complaints to the Press Ombudsman could arguably have played some role in shaping their views. It was found that of the total of 593 cases dealt with in the period August 2007 to August 2011, 91 were lodged by representatives of one or another government entity and the ANC, accounting for 15 per cent of the total. The Ombudsman upheld the highest number of government complaints compared to other complainant types, but this only came to 14 per cent. This is regarded as noteworthy, considering one of the ANC's major criticisms, namely that the ombudsman was biased towards the press in his rulings. This finding was, however, not conclusive in any way. While the full findings may be of some value to determine, in conjunction with other factors, why the ANC and the ANC-led government were so critical towards the press, we also need to seriously consider the reality that their philosophical position(s) regarding press freedom and responsibility (which underpins self-regulation), may be steeped in other normative media positions.     

A systematic analysis of PCR contamination.

In light of the strict legal scrutiny surrounding DNA typing at this time, it has become necessary to systematically address the issue of PCR contamination. To precisely define the parameters affecting PCR contamination under casework analysis conditions, PCR amplification reactions were intentionally compromised by employing sub-standard laboratory technique and by introducing secondary sources of DNA. The PCR parameters considered for potential sources of contamination include amplification set-up, amplification product handling, aerosol DNA and storage. In addition, analyst technique was evaluated by modifying or eliminating standard safeguards. Under the circumstances normally encountered during casework analysis, PCR contamination was never noted. Significantly, using the dot blot detection method, contamination was never observed when nanogram quantities of genomic DNA were mishandled or aerosolized. Contamination occurred only when amplification product was carelessly manipulated or purposefully sprayed near or directly into open tubes containing water or genomic DNA. Although standard precautions should be employed during PCR-based DNA typing, our data indicates that contamination during amplification procedures is not prevalent when detected by dot blot analysis.