Bankruptcy laws and debt renegotiation

This paper analyzes the effect of the toughness of bankruptcy law on the number of liquidations in a simple model of borrowing and lending with asymmetric information, where the creditor cannot credibly commit to liquidate the firm if the default occurs. In our setting we consider a bankruptcy law to be a one-dimensional variable that influences creditor's expectation value of collateral. We find that there is an interval of the bankruptcy law, where the number of liquidations decreases in the toughness of the bankruptcy law. We also find that if the liquidation costs are high, softer bankruptcy law is preferred.     

Competition Policy: What are the Costs and Benefits of Measuring its Costs and Benefits?

Summary  Competition authorities are increasingly measuring the effects of their enforcement actions, seeking a robust justification for the proliferation of competition policy. We highlight the importance of identifying the right counterfactual against which to measure effects, and set out the relevant categories of costs and benefits. We then explore how a balance can be struck between the benefits and inherent limitations of these measurement exercises. Relatively crude analyses of cartel action benefits can be sufficient to achieve public legitimacy for competition policy. Assessing the effects of merger and conduct inquiries is often ambiguous, but could be used to improve decision-making processes. Director and Managing Consultant, respectively, at Oxera, Oxford and London. The valuable comments of Fod Barnes, Kerry Hughes and an anonymous referee are gratefully acknowledged. The opinions expressed in this article are those of the authors alone.     

从一起著作权纠纷案看作者出版者的法律意识

随着我国法律规范进程的不断推进 ,著作权法也不断得到充实和完善。而一些典型案例对于人们提高法律意识 ,增强法律观念有重大启示作用。《红楼解梦》与《红楼春秋》著作权纠纷案始末就是著作权法理论付诸实践的生动实例。     

超市进货交易关系法律调整的若干问题探讨——论“零供”关系法律调整

近年来，我国零售商供应商矛盾突出，引起了各方关注。商务部等五部委发布的《零售商供应商公平交易管理办法》，是近年来专门调整零供关系的政府部门规章，在稳定流通秩序方面发挥了一定的作用，但对此也有一些不同观点。为完善零供（买卖）关系的法律规范体系，推进和谐商业环境及商事法治建设，本文对调整零供关系的法律属性，少数零售企业恶意占压、骗取供应商贷款的综合治理，风险预誓机制等相关问题提出了自己的一些见解。     

刍议虚拟财产的法律保护

随着网络,尤其是网络游戏的迅猛发展,虚拟财产的交易及其保护引发了是否要对其加以保护,如何进行保护,如何进行规范等一系列问题,在我国的司法实践中已经不得不开始面对这类纠纷的裁判,而在法律上有关虚拟财产的规则尚处于不确定的空白,给这类纠纷的解决带来了很大的障碍,基于此,进行虚拟财产特性、交易等等相关法律问题的研究,并在探讨其合法性的前提下,进一步论证虚拟财产的法律保护规则的建构具有十分重要的理论意义与现实意义。     

公允价值的引入对投资性房地产核算的税务影响

新会计准则对企业的税务影响主要是相对影响,着重表现在对企业所得税费用的影响,但也有绝对影响,即对应纳所得税额的影响。本文结合实例分析新会计准则在投资性房地产等业务处理上适度引入"公允价值"作为会计核算计量模式后的税务影响。     

China''''s Cooperative Exploration of Oil and Gas and Its Taxation System

China' s foreign-oriented oil taxation system has, from the beginning, been based upon the positive experiences of other oil-producing countries and has incorporated common international practices. The system has been perfected over decades. It of fers more incentives than other oil-producing countries in the following four aspects: (1) Income tax has a "wide tax base and low tax rate"; (2) VAT levies a low tax rate on ma-     

反垄断法视角中的饭店委托管理

饭店委托管理在我国饭店行业中已经屡见不鲜,从反垄断法角度审视饭店委托管理是一个崭新的视角.饭店委托管理是一种特许经营的经营模式,其价值目标与反垄断法恰恰相反,这就要求界定饭店委托管理在反垄断法方面合法与非法的界限.我国正在制定过程中的反垄断法应充分考虑特许经营和饭店委托管理这种特殊的经营模式,在特定市场认定、市场力量界定等相关问题上深入研究,制定出既符合我国国情,又符合各种产业特点,包括特许经营业和饭店委托管理特征的"经济宪法".     

合同法上的附随义务初探

合同义务的一个重要分类是给付义务与附随义务。附随义务是指法律无明确规定,当事人间也无明确约定的合同当事人应承担的义务。在合同履行过程中,违反了附随义务应承担相应的法律责任。     

结合广西实际浅析我国高等教育自学考试现状及其发展趋势

高等教育自学考试既是一种具有国家考试特征与权威的学历考试制度,同时又是一种开放的教育形式。进入新的世纪,自学考试遇到了前所未有的挑战。文章基于对自学考试面临的挑战的认识,对自学考试的发展空间和前景进行了有意义的分析和思考。