Regulation

In new research, Niuniu Zhang discusses how regulators can add “noise” to market data to preclude tacit collusion through algorithmic pricing software without hampering legitimate market practices.

In new research, Vikas Agarwal, Juan-Pedro Gómez, Kasra Hosseini, and Manish Jha explore how companies reward executives for meeting sustainability targets. They evaluate how ESG metrics to determine executive pay create tradeoffs with traditional financial incentives, and what that means for the future of ESG goals.

Richard Messick summarizes the output of last April’s Global Capitalism, Trust, and Accountability Conference, co-sponsored by the Stanford Graduate School of Business and the Center on Democracy, Development and the Rule of Law. Participants explored the mechanisms of international corruption and how citizens, states, and the international community can address them.

Drawing on her working paper, Giovanna Massarotto discusses three algorithmic approaches to how Google can fairly and efficiently share its data with rivals per the requirements of a court’s mandated remedy for illegally monopolizing the online search market.

States are beginning to impose idiosyncratic rules on artificial intelligence chatbots and other offerings in response to harms to consumers. Rather than create a...

Elizabeth Pollman reviews barriers for holding corporations and their fiduciaries accountable under corporate and securities law.

Gerhard Schick discusses the CumEx and CumCum share-trading scandals that cost German taxpayers billions of euros over the course of several decades and the failures in political and social institutions that allowed these scandals to persist for so long.

Former Federal Trade Commissioner and Consumer Financial Protection Bureau Director Rohit Chopra writes that as the federal government circumvents the rule of law by pardoning corporate infractions and crimes in exchange for political favors, individual states, citizens, and businesses will need to pursue private actions against corporate wrongdoing.

In new research, Tomaso Duso, Joseph Harrington, Carl Kreuzberg, and Geza Sapi demonstrate how their screening tool can aid antitrust authorities in identifying potential collusion between firms through public communications.

Kleptocracy is often thought to plague developing countries, but this grand corruption would be infeasible without the West’s financial and legal plumbing to launder misbegotten gains. American and European government initiatives to remedy their complicity have run aground or even reversed course, particularly in the United States under the new Trump administration, writes Alexander Cooley.