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Full-Text Articles in Business

Antitrust Interoperability Remedies, Herbert J. Hovenkamp Jan 2023

Antitrust Interoperability Remedies, Herbert J. Hovenkamp

All Faculty Scholarship

Compelled interoperability can be a useful remedy for dominant firms, including large digital platforms, who violate the antitrust laws. They can address competition concerns without interfering unnecessarily with the structures that make digital platforms attractive and that have contributed so much to economic growth.

Given the wide variety of structures and business models for big tech, “interoperability” must be defined broadly. It can realistically include everything from “dynamic” interoperability that requires real time sharing of data and operations, to “static” interoperability which requires portability but not necessarily real time interactions. Also included are the compelled sharing of intellectual property or …


Masthead Jan 2023

Masthead

University of Pennsylvania Journal of Business Law

No abstract provided.


A Simple Unifying Framework For Categorizing Disparate Risk Transactions: Securities Investments, Insurance, Gambling, And Derivative Contracts, W. C. Bunting Jan 2023

A Simple Unifying Framework For Categorizing Disparate Risk Transactions: Securities Investments, Insurance, Gambling, And Derivative Contracts, W. C. Bunting

University of Pennsylvania Journal of Business Law

No abstract provided.


Stopping Runs In The Digital Era, Luís C. Calderón Gómez Jan 2023

Stopping Runs In The Digital Era, Luís C. Calderón Gómez

University of Pennsylvania Journal of Business Law

No abstract provided.


To Be[Nefit] Or Not To Be[Nefit]: Lessons From Global Corporate Governance And A Principled Path For The Delaware Benefit Corporation, Patrick O’Neal Jan 2023

To Be[Nefit] Or Not To Be[Nefit]: Lessons From Global Corporate Governance And A Principled Path For The Delaware Benefit Corporation, Patrick O’Neal

University of Pennsylvania Journal of Business Law

No abstract provided.


Sustainability Gatekeepers: Esg Ratings And Data Providers, Marco Dell’Erba, Michele Doronzo Jan 2023

Sustainability Gatekeepers: Esg Ratings And Data Providers, Marco Dell’Erba, Michele Doronzo

University of Pennsylvania Journal of Business Law

No abstract provided.


Cyber Silent Spring: Leveraging Esg+T Frameworks And Trustmarks To Better Inform Investors And Consumers About The Sustainability, Cybersecurity, And Privacy Of Internet-Connected Devices, Scott J. Shackelford, Angie Raymond, Martin A. Mccrory, Andrea Bonime-Blanc Jan 2023

Cyber Silent Spring: Leveraging Esg+T Frameworks And Trustmarks To Better Inform Investors And Consumers About The Sustainability, Cybersecurity, And Privacy Of Internet-Connected Devices, Scott J. Shackelford, Angie Raymond, Martin A. Mccrory, Andrea Bonime-Blanc

University of Pennsylvania Journal of Business Law

No abstract provided.


A Liberal Theory Of Fiduciary Law, Robert J. Rhee Jan 2023

A Liberal Theory Of Fiduciary Law, Robert J. Rhee

University of Pennsylvania Journal of Business Law

No abstract provided.


Managing Relative Regulatory Inefficiencies In Complex Financial Systems, Michael Morelli Jan 2023

Managing Relative Regulatory Inefficiencies In Complex Financial Systems, Michael Morelli

University of Pennsylvania Journal of Business Law

No abstract provided.


Can Blockchain Technologies Resolve The U.S. Antitrust Enforcement Problem?, Giovanna Massarotto Jan 2023

Can Blockchain Technologies Resolve The U.S. Antitrust Enforcement Problem?, Giovanna Massarotto

University of Pennsylvania Journal of Business Law

The U.S. antitrust enforcement mechanism is criticized for being ill-adapted to ensuring competition in digital platforms. In the U.S., several bills have been introduced in Congress with the aim to create a new antitrust regulatory framework for digital platforms. This paper proposes a different solution by exploring the adoption of a blockchain system and smart contracts to make the present antitrust enforcement more efficient. In the U.S. approximately ninety percent of no-merger antitrust proceedings are settled by means of consent decrees. However, the consent decree procedure is criticized for a lack of transparency and there is often the need for …


Climate Change And Caremark Doctrine, Imperfect Together, H. Justin Pace, Lawrence J. Trautman Jan 2023

Climate Change And Caremark Doctrine, Imperfect Together, H. Justin Pace, Lawrence J. Trautman

University of Pennsylvania Journal of Business Law

No abstract provided.


Edge Contracts, Spencer Williams Jan 2023

Edge Contracts, Spencer Williams

University of Pennsylvania Journal of Business Law

No abstract provided.


Why Corporate Law Is Private Law, Asaf Raz Jan 2023

Why Corporate Law Is Private Law, Asaf Raz

University of Pennsylvania Journal of Business Law

No abstract provided.


Making Sense Of Esg With The Sec, Thomas M. Madden, Gerlinde Berger-Walliser Jan 2023

Making Sense Of Esg With The Sec, Thomas M. Madden, Gerlinde Berger-Walliser

University of Pennsylvania Journal of Business Law

No abstract provided.


Creating Common Law In The Corporate Context, Delaware Style, Karen Lynn Valihura Jan 2023

Creating Common Law In The Corporate Context, Delaware Style, Karen Lynn Valihura

University of Pennsylvania Journal of Business Law

No abstract provided.


Algorithmic Predation And Exclusion, Thomas K. Cheng, Julian Nowag Jan 2023

Algorithmic Predation And Exclusion, Thomas K. Cheng, Julian Nowag

University of Pennsylvania Journal of Business Law

No abstract provided.


Spacs, Pipes, And Common Investors, Frank Fagan, Saul Levmore Jan 2023

Spacs, Pipes, And Common Investors, Frank Fagan, Saul Levmore

University of Pennsylvania Journal of Business Law

No abstract provided.


On The Systemic Importance Of Digital Platforms, Lindsay Sain Jones, Tim R. Samples Jan 2023

On The Systemic Importance Of Digital Platforms, Lindsay Sain Jones, Tim R. Samples

University of Pennsylvania Journal of Business Law

No abstract provided.


Transaction Costs In Common Ownership, Kenneth Khoo Jan 2023

Transaction Costs In Common Ownership, Kenneth Khoo

University of Pennsylvania Journal of Business Law

No abstract provided.


A Comprehensive Approach To Crypto Regulation, Brett Hemenway Falk, Sarah Hammer Jan 2023

A Comprehensive Approach To Crypto Regulation, Brett Hemenway Falk, Sarah Hammer

University of Pennsylvania Journal of Business Law

No abstract provided.


The Power Of Antitrust Personhood, Herbert Hovenkamp Jan 2023

The Power Of Antitrust Personhood, Herbert Hovenkamp

University of Pennsylvania Journal of Business Law

Antitrust law addresses conspiracy, or collaborative conduct, more harshly than it does unilateral conduct. One person acting alone can get away with far more than groups of firms acting by agreement. In most cases that distinction is justified. Creating substantial market power unilaterally is difficult and relatively uncommon, but it can be created in a moment’s time by an agreement among firms. But how do antitrust tribunals determine when conduct is unilateral rather than collaborative? Often the ansawer is obvious, but sometimes it is not. Two statutory provisions were intended to be the umpire of such decisions. A section of …