An optimal anti-drug law enforcement policy

This article presents a model for a drug law enforcement policy whose objective is harm reduction, including the net cost of law enforcement, social harm and surplus of agents. We consider a vertically organized distribution system with two levels, traffickers and retailers. The two questions concern which type of sellers have to be prosecuted and which law enforcement policy should be implemented that is, the probability of being caught and the severity of the punishment. We show that a trafficker-oriented law enforcement regime can avoid counter-productive policies. Moreover, decriminalization or depenalization is optimal under some conditions depending on the relationship between social harm and consumption.     

The Laffer effects of a program of deregulation cum detaxation: the Italian reform of labour contracts in the period 1997–2001

We examine the Laffer effects of the policy of social security tax reduction cum partial deregulation of labour market undertaken in Italy in the period 1997–2001. Laffer effects of tax cut are generally delayed and governments responsible of the reform cannot benefit from the resulting increased revenues when in office. Our empirical findings show that tax cuts combined with policies of liberalization determine almost immediate Laffer effects. In terms of coherent supply-side political programs, the effects of the two measures are not separable. Reflection on our results may broaden the scope of the supply-side policies of deregulation and detaxation.

欧洲统一市场的建立与对国家干预的规制

为了促进欧洲统一市场的建立,《欧共体条约》确定了竞争规则和自由流动规则,对成员国制定的不利于统一市场建立的政府干预措施,如授予公用企业独占权、给予国家援助、制定歧视性贸易措施、对私人破坏竞争的行为不作为等进行规制。在欧共体法院的有力保障下,这些规则在推动欧洲一体化进程中发挥了重要作用,特别是其中的竞争规则,因其具有中立、开放之品格而成为规范经济和政治关系、促进共同体市场建立的核心手段和"发动机"。     

论社会信用体系中的市场机制与政府职能

完善社会信用体系,需要发挥市场配置资源的基础性作用和政府在市场中的宏观调控功能,以节约交易费用,提高交易效率。在我国信用体系建设中,政府职能发挥具有必要性,政府在加强信用立法、发挥示范激励作用和社会信用体系发展的整体规划等方面应该是可以有所作为的。当然,政府的职能是提供市场信用规则,而不是直接的参与。     

中国转轨经济的特点与成功探索--兼论中国学人向诺贝尔经济学奖冲刺的突破口

中国共产党人把社会主义公有制与市场经济结合起来的成功探索,是旷世未有的伟大的制度创举,是中国转轨经济成功的关键,也是中国转轨经济的本质特征,是中国特色转轨经济学和社会主义经济学对当代世界的巨大贡献,因而必将是中国学人向诺贝尔经济学奖冲刺的突破口。     

论我国专利联盟反垄断审查的制度构建

对专利联盟的反垄断法审查应当适用“个案审查与效果评估”的基本原则,专利联盟合法性要件包括有效专利、互补性专利、必要性专利、独立专家判断以及确定的限制范围。专利联盟的反垄断审查主要包括卡特尔管制和滥用市场支配地位行为禁止。     

我国私募基金的法律规制

私募基金立法要以效率为首要价值目标,以发挥私募基金的优势。私募基金投资者具有自我保护能力,因此规范私募基金要尊重当事人的自治。我国缺乏私募基金发展的信用环境,对私募基金的立法要以不损害其发展为前提的适度监管。     

美国反垄断法中界定“相关市场”的临界损失分析法

美国早期用来界定"相关市场"的方法没有限定市场弹性幅度,这个缺陷直到"假定的垄断者测试"产生后才得到弥补。1986年,美国改进了"假定的垄断者测试"操作方法,提出了临界损失分析法。虽然人们对临界损失分析法还存在不少争议,但它在美国和欧盟得到了越来越广泛的应用,相关判例得到了极大的丰富。     

Market structure and disempowering regulatory intermediaries: Insights from U.S. trade surveillance

Public agencies outsource a wide variety of tasks to nonstate actors, or what can be referred to as regulatory intermediaries. In certain circumstances, these agencies may seek to disempower those regulatory intermediaries by reclaiming, duplicating, or transferring the outsourced task. When will these disempowerment attempts be successful? This article presents the Market Structure Hypothesis, which contends that the level of competition between regulatory intermediaries will, all things equal, determine whether disempowerment attempts succeed. To test this hypothesis, this article examines the U.S. Securities and Exchange Commission's attempts to acquire the independent capacity to conduct nationwide trade surveillance in the 1980s (Market Oversight Surveillance System) and 2010s (Consolidated Audit Trail). Evidence derives from archival materials, a Freedom of Information Act Request, and 60 interviews in Oxford, London, Toronto, New York City, and Washington, DC. The empirical results corroborate the hypothesis' expectations, contributing to our understanding of public-private partnerships and shedding new empirical light on an understudied topic of securities regulation.     

中小企业外部股权融资难的原因分析

目前,我国中小企业外部股权融资还面临着诸多困难。构建制度环境是缓解中小企业外部股权融资困境的主要途径。