Horizontal mergers and efficiencies; theory and anti trust practice

Horizontal mergers can be challenged by anti trust authorities under both the US and EU Horizontal Merger Guidelines. More horizontal mergers are unconditionally approved in the US than in the EU. EU merger policy toughened after 1998 but became more in line with US practices after 2004. Differences in merger policies between the US and the EU can be explained by a greater scope of the efficiency argument in the US. The paper argues that firms only want to merge in oligopoly, if they expect to realize substantial merger specific efficiency gains, which counterbalances the price increasing effect of merger.      

Socialization and generational political trajectories: an age,period and cohort analysis of political participation in Britain

The role of political socialization in explaining disengagement from specific modes of activism beyond voting remains largely unexplored, limited to date by available data and methods. While most previous studies have tended to propose explanations for disengagement linked to specific repertoires of political action, we propose a unified theory based on the different socialization experiences of subsequent generations. We test this theory using a new dataset of collated waves of the British Social Attitudes Survey and by applying age–period–cohort models for repeated cross-sectional data and generalized additive models to identify generational effects. We show that generational effects underlie the participatory decline across repertoires. Consistent with our expectations, the results reveal that the generation of “Thatcher’s Children” are much less likely to engage in a range of repertoires of political action than “Wilson/Callaghan’s Children”, who came of age in the more politicized 1960s and 1970s. Significantly, and in line with our theoretical expectations, the “Blair’s Babies” generation is the least politically engaged of all. We reflect on these findings and highlight the concerning implications of falling levels of activism for advanced democracies.     

Designing for equitable civic engagement: Participatory design and discourse in contested spaces

A common theme of research on participatory democracy and citizen engagement centres on the need for empirical studies that conduct a deep exploration of the nuances and complexities of these processes. This article offers a distinct response to this need through an examination of two ethnographic case studies of a participatory budgeting process in a multilingual, highly diverse community in which Spanish-speaking Latino immigrants were involved. By analyzing participants discourse from the case studies, the findings highlight the risks and rewards of reframing participatory processes as design decisions rather than static procedures.     

Recruitment into Organized Crime: An Agent-Based Approach Testing the Impact of Different Policies

Journal of Quantitative Criminology - We test the effects of four policy scenarios on recruitment into organized crime. The policy scenarios target (i) organized crime leaders and (ii) facilitators...     

Interpretation of Unilateral Acts in International Law

The article explores the question of interpretation of unilateral acts in international law both from the perspective of ascertaining their binding force (law determination) and from the perspective of ascertaining their content (content determination). It argues that the objective intention of the author to be bound is what distinguishes binding commitments of unilateral origin from non-binding ones. In turn, this involves the interpretation of a unilateral act in accordance with its content and the circumstances surrounding its making. In practice, the use of clear and specific wording in conjunction with a set of contextual indicators are indicia of the intention to create a binding unilateral commitment. Against this backdrop, the article continues by addressing the question of interpretation of unilateral acts from the standpoint of ascertaining their content. It shows that the text of the act is the primary consideration in determining its content—and that its context as well as the circumstances surrounding its making are also interpretative elements that need to be taken into account. Due to the unilateral origin of these acts the interpretative rule applicable to international agreements can only be used as a point of reference when it comes to interpreting the content of these acts. In this light, the article concludes that more practice is needed in order to elucidate the exact role and weight that should be ascribed to non-textual elements in the context of interpreting unilateral acts. At the same time, the article argues in favour of adopting a broader approach to the concept of ‘interpretation’ in international law. Viewing interpretation not merely as content determination but also as law ascertainment allows us to better assess the persuasive value of arguments in favour or against certain interpretative rules when practice is scant—as is the case with unilateral acts.