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Network industries often exhibit natural monopoly in certain markets. Here, natural monopoly is generally attributed to high sunk and fixed costs paired with low marginal costs. This chapter explains that digital platform markets are prone to concentration not only due to this combination of fixed and marginal costs but also due to self-reinforcing feedback loops that reinforce the dominance of the largest platform operators. Platform monopoly is persistent, entrenched, and the result of structural competition issues. However, even if digital markets exhibit heavily imperfect competition or natural monopoly, competitive pressures persist as there is competition at the ecosystem level. This sets apart digital platform monopoly from non-digital natural monopoly and means that regulating these markets should happen on the basis of different principles.
This chapter draws on past theories of ownership structure in the oil sector and applies them to the alluvial diamond sector in Zimbabwe. The alluvial diamond sector in Zimbabwe presents a natural experiment for understanding ownership structure in that the state and ruling party have been the same since 2006. Still, at least six different ownership regimes have been attempted. This chapter traces each of these and examines how the unpredictability of ownership in the diamond sector has often led to large-scale diamond smuggling and a regulatory framework reflective of political dynamics. The unpredictability of ownership has, in and of itself, caused difficulty in the Zimbabwean diamond sector and has reflected the unpredictability of state institutions. Thus, this chapter argues that past approaches that have been developed to examine the oil sector of states have some relevance for states that have a large amount of alluvial diamond wealth. However, the unique ability for a large amount of diamond wealth to be smuggled into a small space has made the significant increase in diamond wealth since 2006 a challenge for the formal economy and state capacity.
This chapter examines the development of the “mode of exchange” in Zimbabwe’s diamond sector. Before 2006, Zimbabwe’s small diamond production mostly went to Western Europe. During an extensive boom in diamond production from 2006 to 2010, many diamonds were smuggled out of the country amid foreign sanctions and a decline in the formal sector. Since 2010, the formal sector has bounced back, and many diamonds have been sold to the United Arab Emirates. Since 2016, Western Europe has once again become an export destination. However, in all periods, smuggling around the formal economy has persisted and had significant consequences for state capacity and institutions, which are examined in this chapter. This also traces the mode of exchange for other resources, particularly gold and lithium, which have been increasingly important. However, the drastic increase in diamond production that started in 2006 has uniquely impacted the Zimbabwean state. It provided an outlet to ZANU-PF during the economic collapse and increased political scrutiny, especially after the contested 2008 election, and contributed to the party being able to survive politically.
Commodity grades seem like innocuous measures of quality and thereby escape scrutiny as to their origin, purpose, and effect. Drawing on the National Live Stock and Meat Board’s executive meeting minutes and US Food Administration (USFA) records, this essay contextualizes and politicizes government beef grading. The USFA played a key role in the lead-up to government beef grading and in the creation of the Meat Board. USFA messaging as well as a post war depression curtailed consumption of feedlot-derived beef. In response, industry leaders formed a trade association called the Meat Board that acted as a liaison between industry and public sector scientists and helped bring about government beef grading. Beef grading emerged in the broader context of a campaign launched by the USFA to modernize meat retailers. At the same time, breeders, feeders, and western ranchers pushed for government beef grading in response to low prices and as a panacea. The Meat Board also cooperated with agricultural scientists in coordinating research to boost feedlot-derived beef. Rather than industry cooptation of science, this essay shows an alignment of vision in a mutually beneficial relationship. These actors, furthermore, used government beef grading to protect the feedlot system of production.
Este trabajo vincula la evolución del poder de mercado de la banca española con la liberalización financiera entre 1970 y 1990. Se realiza una cronología de las medidas de desregulación y se mide empíricamente el poder de mercado, para lo que se ha elaborado un indicador directo, el índice Lerner. Se comprueba que la desregulación bancaria no fue lineal, y las entidades bancarias compitieron incluso antes de la liberación completa. Se aprecia que el poder de mercado disminuyó en los años 70, por la mayor competencia a través de la red de oficinas, seguido por un aumento en los 80, coincidiendo con un parón en las medidas liberalizadoras. Desde 1988, la competencia se intensificó de nuevo con la consolidación de las medidas liberalizadoras. Además, los resultados permiten descartar la tesis de las reformas financieras consideradas como un pacto entre la banca y las autoridades que no alteró el marco competitivo permitiendo a los grandes bancos cartelizar el sector.
Chapter 1 introduces the main issues raised in Labour Law and its social and economic significance in regulating workplace relations. The chapter introduces the principal sources of labour law in the UK, which include statutes, the common law and European law and the difficulties in securing compliance by employers with those laws. It describes the system of employment tribunals and ordinary courts where disputes are resolved. Finally the chapter introduces some contemporary themes concerning precarious work, work/life balance and human rights at work.
The purpose of this study was to examine the legislative and criminological aspects of combatting fraud at the international and national levels. For an effective study of the topic, it was vital to use terminological, hermeneutical, comparative and historical methods. The study covered the essence of fraud as a criminal offence, and identified and analysed the most widespread types of fraud. The study identified the key elements of the crime of fraud: deception, intent of the offender, transfer of property as a result of misrepresentation, mercenary motive and establishment of factual damage. The study found that the key feature that classifies fraud as a criminal offence is the existence of an intentional act. As a result of the study, the international regulatory framework was analysed, as well as the legislation of Kazakhstan and Singapore on combatting fraud. Furthermore, the criminal law and criminological aspects of combatting the crime of fraud were studied through the practices of Kazakhstan and Singapore. The study paid special attention to the need to ensure an effective and complete legal framework in the field of fraud prevention and the development of strong international cooperation on this matter. The study also emphasized the significance of raising public awareness of the fraud situation and conducting educational activities to inform the public about the potential risks.
This chapter deals with the issue of digital regulation, focusing on the complexities of addressing the growing challenges of cybercrime and online harm. While legal regulations offer clear standards and institutional frameworks for enforcement, they are often hindered by slow adaptation, jurisdictional conflicts, and inconsistent implementation. Surveillance and stricter controls, though promising as preventative measures, raise ethical concerns related to privacy, misuse of data, and the erosion of trust. The chapter suggests an approach stemming from fostering internal regulation through individual responsibility and intrinsic motivation as well as emphasising the role of digital ethics. By cultivating moral awareness, moral judgement, and critical thinking, individuals can be better equipped to navigate ethical dilemmas in the digital environment. Education is presented as an important way of developing this internal compass, with a focus on critical and reflective thinking and understanding the impact of actions. The chapter advocates for a complementary approach, where legal frameworks are enriched by ethical considerations and education.
This authoritative volume offers a comprehensive exploration of China's rapidly evolving economy from a team of leading specialists. Readers will gain crucial insights into productivity dynamics, innovation, shifting demographics, and the country's ever-changing industrial landscape –encompassing firms, real estate, and trade flows. With a keen focus on the RMB, regulatory frameworks, and the pursuit of common prosperity, this book seamlessly blends cutting-edge research, real-world case studies, and forward-thinking analysis. It delivers a balanced examination of challenges and opportunities, fostering an informed discussion on China's critical role in the global marketplace. Ideal for academics, policymakers, business professionals, and curious readers alike, this timely and accessible resource unveils the many facets of the Chinese economy, guiding you through its complexities and highlighting strategic implications for the future.
This chapter investigates moderating factors such as trust-related mechanisms, norms, and institutions, and their ability to explain the relationship between intrinsic motivation and compliance, which is free of regulatory coercion.
Developments in military AI highlight that maintaining state control over military innovation that is driven by private corporate experts is challenging. Even the leading military AI power, the United States, has struggled to meet this challenge, while trying different modes of control over time. What explains these struggles and the shifting modes of state control over private military innovation? Bringing together the ‘competence–control theory’ of indirect governance and research on technology-driven transformations in the making of national security, we propose a novel theory of state control over military innovation. We argue that states face a trade-off between (fostering) the competence of private corporate experts and (enhancing) state control over military innovation. This trade-off is shaped by technological change and geopolitical competition. Depending on the relative strength of these drivers, varying prioritisations of competence or control lead to different hierarchical or non-hierarchical, capacities- or rules-based modes of control. Tracing the evolution of the US national security state and its relations to private corporate experts in the subfield of autonomous weapons systems, we demonstrate that our theoretical argument explains otherwise puzzling intertemporal variation in control modes. Our findings have important policy implications for the institutional design of military innovation.
As digital technologies transform governance, communication, and public life, human rights frameworks must adapt to new challenges and opportunities. This book explores four fundamental questions: how digitalisation changes the application of human rights, how human rights law can respond to the challenges of digital technology, how freedom of expression applies online, and how vulnerable groups are affected by digitalisation. With contributions from leading scholars, the book combines legal analysis with insights from ethics, environmental education, and medical research. It examines critical topics such as AI regulation, platform accountability, privacy protections, and disinformation, offering an interdisciplinary and international perspective. By balancing different viewpoints, this book helps readers navigate the complexities of human rights in the digital age. It is an essential resource for anyone seeking to understand and shape the evolving landscape of digital rights and governance. This title is also available as open access on Cambridge Core.
Neoclassical economics is inherently biased against progressive policies and therefore should be avoided by progressives seeking to make the case for them. This is reflected in the history of regulation of payday loans and other fringe financial products. Conservatives used economic arguments to roll back regulation of these products in the second half of the twentieth century. Attempts to reregulate them have since been stymied despite progressives’ use of behavioral economic arguments to justify greater regulation. Progressives who eschew economic argument have had more success pursuing reform in other areas in the Biden Administration. The failure of behavioral economics to advance a progressive agenda in fringe finance suggests that inframarginalism, which also embraces the neoclassical analytic, will not help progressives. Another problem is that any neoclassical approach privileges elite expertise.
When do citizens voluntarily comply with regulations rather than act out of fear of sanctions? Can the Public be Trusted? challenges prevailing regulatory paradigms by examining when democratic states can rely on voluntary compliance. Drawing on behavioral science, law, and public policy research, Yuval Feldman explores why voluntary compliance, despite often yielding superior and more sustainable outcomes, remains underutilized by policymakers. Through empirical analysis of policy implementation in COVID-19 response, tax compliance, and environmental regulation, Feldman examines trust-based governance's potential and limitations. The book presents a comprehensive framework for understanding how cultural diversity, technological change, and institutional trust shape voluntary cooperation. By offering evidence-based insights, Feldman provides practical recommendations for balancing trust, accountability, and enforcement in regulatory design. This book is essential reading for scholars, policymakers, and practitioners seeking to optimize regulatory outcomes through enhanced voluntary compliance. This title is also available as open access on Cambridge Core.
Antimicrobial resistance is a multidisciplinary issue that has been high in the global agenda since the 2015 WHO Global Action Plan (GAP) and the 2016 UNGA Declaration. The Quadripartite Coalition has set up a consolidated global governance structure to coordinate AMR responses, including a Global Leaders Group, an Independent Panel of Experts and a stakeholders’ platform. At the national level, countries have set up more or less formal mechanisms to coordinate AMR management, develop and implement National Action Plans.
This chapter will draw on these pilot experiences to identify options for broader One Health governance and regulation. The chapter will examine global and regional governance and regulation of AMR – focusing on the EU as a case study – to explore possible applications to other priority areas such as zoonotic diseases.
Rules for regulatory intervention aim to ensure that cumulative impacts remain or fall below thresholds of acceptable cumulative harm. A rule has two key dimensions: (1) its strategy – how it changes cumulative harm by reducing impacts, offsetting impacts, restoring, or facilitating coping with impacts; and (2) its approach – how it influences actions that cause impacts by using mandates (sticks), incentives (carrots) or information and persuasion (sermons) to influence adverse actions, or by using direct state action (state rescue). Each strategy and approach has strengths and weaknesses in addressing cumulative harms, and a cumulative environmental problem will likely need a carefully designed mix. In designing this mix, important challenges are ensuring connected decision-making so that actions are not considered in isolation; ensuring comprehensiveness, to avoid overlooking actions, including "de minimis" actions that could cause cumulatively significant impacts; managing costs related to intervention; and adapting interventions to accommodate changes to impacts and new information. Real-world examples illustrate legal mechanisms that include features designed to address these challenges.
Regulatory systems can be designed to surmount barriers and promote conditions for dealing with cumulative environmental problems using legal mechanisms that deliver four integrated functions: conceptualization, information, regulatory intervention, and coordination (the CIRCle Framework). Analyzing how a set of laws provides for these functions helps identify important weaknesses and gaps for improving laws. This chapter sets out a step-by-step guide to applying the CIRCle Framework and key design features for each function. It also highlights common themes that emerge from the book’s case studies, which center on environmental justice concerns related to groundwater in California’s Central Valley; cumulative impacts to the biodiversity of the Great Barrier Reef, Australia; and grasslands as biocultural landscapes in South Tyrol, Italy. Key themes point to the value of taking a wide view of relevant laws and available regulatory approaches and strategies and the importance of local factors, regardless of the governance scale of the problem. They show that integrating laws and functions can take time, but that evolution and improvement is possible.
Psychiatric disorders are highly comorbid and are not separated by sharp biological boundaries. Understanding the common mechanisms that explain symptom overlap in mental disorders is therefore clearly needed. Here, we briefly review impaired emotional processing and emotional dysregulation in affective disorders, with a special focus on unipolar depression. Affective disorders are characterized by abnormal emotion intensity, changes in the temporal dynamics of emotion and difficulties to influence the trajectory of emotions. Disruptions in emotion processing and emotional regulation are underlined at the neural level by abnormal interactions between cortical and limbic structures in terms of increased variance in functional connectivity. Emotional processes are also tightly linked to cognitive processes, which constitute main targets for therapeutic interventions in affective disorders.
Decades of research demonstrate cultural variation in different aspects of emotion, including the focus of emotion, expressive values and norms, and experiential ideals and values. These studies have focused primarily on Western and East Asian cultural comparisons, although recent work has included Latinx samples. In this chapter, we discuss why studying culture is important for studies of emotion and what neuroscientific methods can contribute to our understanding of culture and emotion. We then describe research that uses neuroscientific methods to explore both cultural differences and similarities in emotion. Finally, we discuss current challenges and outstanding questions for future research.
This chapter explores the interplay between emotions and memory, highlighting the interrelations between regulatory and memory processes. In the first section we describe how, through indirect and direct influences, emotions impact every phase of the episodic memory cycle: encoding, consolidation, and retrieval. Whereas many of these influences are attributed to the amygdala and hippocampus, recent work has emphasized the role of a broad network of regions, extending well beyond these medial temporal lobe regions. In the second section, we focus on the role of the dorsomedial prefrontal cortex in adjusting the content, emotionality, and narrative context at each phase of the episodic memory cycle. In the third section, we discuss the reciprocal interactions between emotions and memory: Our memories serve as triggers for emotions and can be used as an emotion regulation device, while our emotions and emotion regulation goals can likewise influence our memories. The final section highlights broad directions for future research.