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Gaming The System: Bio-Economics, Game Theory, & Fisheries Management, Richard A. Grisel Dec 2012

Gaming The System: Bio-Economics, Game Theory, & Fisheries Management, Richard A. Grisel

Richard A Grisel

This paper argues that game theory provides powerful, effective new tools to analyze externalities that occur in the context of strategic, multi-party, interactive decision-making. I will attempt to treat this as a non-technical paper and avoid the complex mathematics better left to economists and mathematicians. Instead, a more achievable goal is to illustrate how high-seas open-access fishing is virtually identical to a game situation, treat the fundamentals of game theory, and demonstrate that game theoretic analyses are well-suited and fruitful for designing effective policy responses to fisheries management, particularly with respect to the straddling stocks problem. Indeed, one seminal fisheries …


La Experiencia Chilena Disuadiendo Ilícitos Corporativos, Diego G. Pardow Oct 2012

La Experiencia Chilena Disuadiendo Ilícitos Corporativos, Diego G. Pardow

Diego G. Pardow

This paper analyzes the investigations on potential misconducts conducted by the Chilean public enforcer (Superintendencia de Valores y Seguros, “SVS”) between 1990 and 2012. The evidence reveals two groups of problems: on the one hand, the SVS has leaved a substantial region of the market unmonitored; on the other hand, the level of specific deterrence is generally low and relies greatly on indirect mechanisms of punishment. Such results suggest that future reforms should facili- tate private enforcement on both the extensive and the intensive margin. Whereas improving the performance of the SVS on the extensive margin should mitigate its monitoring …


What Should We Expect From The Dodd-Frank Bounty Program?, Diego G. Pardow Jul 2012

What Should We Expect From The Dodd-Frank Bounty Program?, Diego G. Pardow

Diego G. Pardow

Among other changes, the Dodd–Frank bounty program substantially increases the size of the rewards. The supporters argue that the program should encourage more players to step in, whereas the critics claim that it would only increase less reliable whistleblowers. This note describes the economic reasoning behind the dispute, attempting to build a reasonable expectation in light of the available empirical data. Although most of the evidence from previous bounty programs sides with the supporter’s theory, it has to be considered that the quantity and quality of whistleblower reporting are not the only relevant factors. Whistleblowers play a key role diversifying …


Running In The Shadows, Joshua A. Craven Jun 2012

Running In The Shadows, Joshua A. Craven

joshua a craven

The financial crisis of 2007-2008 can be characterized as a run on the shadow banking system. Over several decades, the United States slowly and quietly developed a massive shadow banking system—a complex chain of borrowers and investors entering into repo agreements financed by money-market mutual funds and primary dealers, collateralized with asset-backed securities derived from mortgages originated by lenders and securitized through special purpose vehicles, then purchased by banks with capital raised by entering into repo agreements. For years, this chain of transactions operated to meet banks’ short-term liquidity needs, until uncertainty in the value of the asset-backed securities used …


La Transparencia En La Protección De Datos Personales, Bruno L. Costantini García May 2012

La Transparencia En La Protección De Datos Personales, Bruno L. Costantini García

Bruno L. Costantini García

La Transparencia en la Protección de Datos Personales, ponencia elaborada dentro de los trabajos del VII Congreso Nacional de Organismos Públicos Autónomos (OPAM)


The Alternative Forms Of Dispute Settlement And The Essential Difference Between These And Arbitration, Michael Diathesopoulos Mar 2012

The Alternative Forms Of Dispute Settlement And The Essential Difference Between These And Arbitration, Michael Diathesopoulos

Michael Diathesopoulos

The paper examines the characteristics of some common alternative forms of dispute settlement and their key differences from arbitration regarding their nature and scope. Its purpose is to explore each mechanism's suitability for specific types of disputes.


Aspectos Generales Dela Publicidad En México. "La Publicidad De Productos, Servicios, Y Actividades Reguladas Por La Ley General De Salud", Bruno L. Costantini García Feb 2012

Aspectos Generales Dela Publicidad En México. "La Publicidad De Productos, Servicios, Y Actividades Reguladas Por La Ley General De Salud", Bruno L. Costantini García

Bruno L. Costantini García

Introducción a las generalidades de la regulación en materia de publicidad de insumos para el consumo humano (salud) en México.


Are Short Sellers Really The Enemy Of Efficient Securities Markets Or Are They Just Public Patsies?, Abel C. Ramirez Jr. Jan 2012

Are Short Sellers Really The Enemy Of Efficient Securities Markets Or Are They Just Public Patsies?, Abel C. Ramirez Jr.

Abel C Ramirez Jr.

When the 2008 global financial crisis caused the stock market to drastically decline, short selling generated intense political and economic scrutiny that negatively characterized the practice as a predatory scheme. When the 2008 global financial crisis caused the stock market to drastically decline, short selling generated intense political and economic scrutiny that negatively characterized the practice as a predatory scheme. As a legitimate investment strategy, short selling is a method by which investors can capitalize on over-valued stocks that decline – this is NOT the same as “contributing” to the stock’s decline, which short selling’s detractors might believe.


Títulos Valores, Martin Paolantonio Jan 2012

Títulos Valores, Martin Paolantonio

Martin Paolantonio

Análisis de los principales aspectos del Proyecto de Código Civil de 2012, que unifica la legislación comercial y civil e incorpora por primera vez una parte general de títulos valores


Derecho Penal Y Mercado Financiero: Ley 26.733, Martin Paolantonio Jan 2012

Derecho Penal Y Mercado Financiero: Ley 26.733, Martin Paolantonio

Martin Paolantonio

Análisis integral de los tipos penales incorporados por la ley 26.733, que incluyen insider trading, manipulación de mercado, oferta engañosa de valores negociables, intermediación financiera irregular, colocación no autorizada en el mercado de capitales, cohecho financiero y responsabilidad penal de la persona jurídica


El Proyecto De Código Civil Y Comercial Y Los Títulos Valores, Martin Paolantonio Jan 2012

El Proyecto De Código Civil Y Comercial Y Los Títulos Valores, Martin Paolantonio

Martin Paolantonio

Análisis de los principales aspectos del Proyecto de Código Civil de 2012, que unifica la legislación comercial y civil e incorpora por primera vez una parte general de títulos valores


La Autocontratación En La Ejecución Cambiaria, Martin Paolantonio Jan 2012

La Autocontratación En La Ejecución Cambiaria, Martin Paolantonio

Martin Paolantonio

Análisis de cuestiones que plantea la autocontratación en los títulos valores cambiarios, a propósito de un fallo de la Sala B de la Cámara Nacional de Apelaciones en lo Comercial


Opciones De Diseño Institucional En La Ley Del Mercado De Capitales, Martin Paolantonio Jan 2012

Opciones De Diseño Institucional En La Ley Del Mercado De Capitales, Martin Paolantonio

Martin Paolantonio

Análisis de algunas de las opciones centrales del legislador en materia de mercado de capitales: poderes del regulador, autorregulación y objetivos de la ley


Mercado De Valores Y Derecho Penal: Insider Trading, Martin Paolantonio Jan 2012

Mercado De Valores Y Derecho Penal: Insider Trading, Martin Paolantonio

Martin Paolantonio

Primer análisis del tipo penal de uso o suministro de información privilegiada, incorporada al Código Penal por la ley 26733 de diciembre de 2011


Juicio De Conocimiento Posterior A La Ejecución Cambiaria, Martin Paolantonio Jan 2012

Juicio De Conocimiento Posterior A La Ejecución Cambiaria, Martin Paolantonio

Martin Paolantonio

En nota a fallo, revisión de las cuestiones principales en el juicio de conocimiento posterior a la condena en la ejecución de un pagaré


Transmisión Del Cheque Rechazado, Truncamiento Y Ejecución, Martin Paolantonio Jan 2012

Transmisión Del Cheque Rechazado, Truncamiento Y Ejecución, Martin Paolantonio

Martin Paolantonio

Nota a fallo en donde se analizan algunos aspectos de la circulación del cheque luego del rechazo bancario, y del truncamiento


Pago Indebido Del Cheque: Responsabilidad Concurrente Del Cuentacorrentista Y El Banco Girado, Martin Paolantonio, Pablo Legón Jan 2012

Pago Indebido Del Cheque: Responsabilidad Concurrente Del Cuentacorrentista Y El Banco Girado, Martin Paolantonio, Pablo Legón

Martin Paolantonio

En nota a fallo, se analizan los riesgos del pago indebido del cheque, repasando los diferentes escenarios previstos legalmente y las líneas jurisprudenciales relevantes


Derecho Penal Y Mercado De Capitales: La Oferta Engañosa De Valores Negociables, Martin Paolantonio Jan 2012

Derecho Penal Y Mercado De Capitales: La Oferta Engañosa De Valores Negociables, Martin Paolantonio

Martin Paolantonio

Análisis del tipo penal sobre oferta engañosa de valores negociables, y consideraciones sobre el deber de información en el mercado de capitales


The Volcker Rule, Joshua A. Craven Jan 2012

The Volcker Rule, Joshua A. Craven

joshua a craven

No abstract provided.


Stapled Financing, Joshua A. Craven Dec 2011

Stapled Financing, Joshua A. Craven

joshua a craven

No abstract provided.


Reforma Del Mercado De Capitales, Martin Paolantonio Dec 2011

Reforma Del Mercado De Capitales, Martin Paolantonio

Martin Paolantonio

Primer análisis de la ley 26831, que reforma de manera integral el marco legal del mercado de capitales en la Argentina