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Climate Change Policy and Law in China 中国气候变化政策与法律
Pub Date : 2014-09-18 DOI: 10.1093/LAW/9780199684601.003.0028
A. Wang
The extraordinary growth of greenhouse gas emissions in China represents the single greatest challenge to global climate change efforts in coming decades. China is the world’s leading emitter of greenhouse gases, having surpassed the United States in 2006. China’s greenhouse gas emissions accounted for nearly a third (29 percent) of the global total in 2011, slightly more than emissions of the United States and the European Union combined (27 percent). This state of affairs is the result of more than three decades of energy-intensive, coal-fired economic growth, wherein China’s GDP grew by an average of 10 percent a year. This chapter offers an overview of China’s developing climate change response by examining the framework on the books and significant implementation challenges in practice. First, it offers background on China’s contribution to global climate change and its positions in international climate negotiations. Second, it describes China’s formal framework of climate change-related laws and policies. This body of authorities has expanded significantly since the beginning of China’s 11th five-year plan in 2006. This part also describes the preliminary results as reported by official and third party sources. Finally, this chapter concludes by discussing several dynamics that will influence the efficacy of China’s climate change efforts in practice. These include the evolution of various co-benefits (i.e., economic growth, pollution reduction, social stability, and enhancement of international reputation) and their impact on China’s cost-benefit calculation for climate change action; the extent to which implementation problems can be resolved; and whether China’s still developing interior regions continue to be the locus of carbon outsourcing (from wealthier coastal regions of China) or instead shift toward a low-carbon growth path.
中国温室气体排放量的惊人增长是未来几十年全球气候变化努力面临的最大挑战。中国是世界上最大的温室气体排放国,在2006年超过了美国。2011年,中国的温室气体排放量占全球总量的近三分之一(29%),略高于美国和欧盟排放量的总和(27%)。这种状况是三十多年来能源密集型、燃煤经济增长的结果,中国的GDP以平均每年10%的速度增长。本章通过考察书中的框架和实践中重大的实施挑战,概述了中国正在发展的气候变化应对措施。首先,它介绍了中国对全球气候变化的贡献及其在国际气候谈判中的立场。其次,它描述了中国气候变化相关法律和政策的正式框架。自2006年中国第11个五年计划开始以来,这一权力机构已显著扩大。这一部分还描述了官方和第三方来源报告的初步结果。最后,本章最后讨论了在实践中影响中国气候变化工作效果的几个动态因素。其中包括各种共同效益(即经济增长、减少污染、社会稳定和提高国际声誉)的演变及其对中国应对气候变化行动成本效益计算的影响;可解决执行问题的程度;以及中国仍在发展中的内陆地区是否会继续成为碳外包(来自中国较富裕的沿海地区)的中心,还是转向低碳增长道路。
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引用次数: 2
Hurdles of Different Heights for Securities Fraud Litigants of Different Types 不同类型证券欺诈当事人面临不同高度的障碍
Pub Date : 2014-09-09 DOI: 10.7916/CBLR.V2014I1.1769
Jonathan D. Glater
Fraud claims filed by investors in the wake of the financial crisis of 2008 reveal a significant and unrecognized problem in securities law: the law treats claims of investors who purchase securities through private placements more favorably than it treats claims of investors who purchase shares on public exchanges or in public offerings. The disparity is a symptom of financial markets outpacing their legal and regulatory framework, and this Article proposes a remedy.The different hurdles confronting investors who invest in different transactions but who make similar allegations and rely on the same law are, the Article contends, an unfair and apparently unintended result of the Private Securities Litigation Reform Act of 1995 ("PSLRA") which sought to curb frivolous shareholder class actions. The PSLRA raised the standard plaintiffs must meet in alleging that a defendant had wrongful intent, or scienter, but it did not raise the standard applicable to claims that a plaintiff reasonably relied on an allegedly fraudulent misrepresentation or omission. Because establishing scienter is difficult for investors with access only to regulatory disclosures by publicly traded companies, while establishing reasonable reliance is more likely to be difficult for putatively sophisticated investors in private placements, investors in publicly accessible transactions face a higher hurdle than private placement investors when alleging fraud.This Article describes and critiques this effect of the PSLRA, and calls on Congress to revise standards so that investors victimized by fraud have the same chance of recovery through litigation whether or not they purchased securities in a private placement.
2008年金融危机之后,投资者提起的欺诈诉讼揭示了证券法中一个重大而未被认识到的问题:法律对待通过私募购买证券的投资者的索赔比对待在公开交易所或公开募股中购买股票的投资者的索赔更有利。这种差异是金融市场超越其法律和监管框架的一个症状,本文提出了补救措施。文章认为,投资于不同交易但提出类似指控并依赖同一法律的投资者所面临的不同障碍,是1995年《私人证券诉讼改革法案》(PSLRA)的不公平和明显无意的结果,该法案旨在遏制无聊的股东集体诉讼。PSLRA提高了原告在指控被告有错误意图或故意时必须满足的标准,但它没有提高适用于原告合理依赖据称是欺诈性的虚假陈述或遗漏的索赔的标准。因为对于那些只能获得上市公司监管披露信息的投资者来说,建立科学依据是困难的,而对于私募中公认的成熟投资者来说,建立合理的依赖更有可能是困难的,所以在公开交易中,投资者在指控欺诈时面临的障碍比私募投资者要高。本文描述并批评了PSLRA的这种影响,并呼吁国会修订标准,以便受欺诈侵害的投资者无论是否在私募中购买证券,都有同样的机会通过诉讼获得赔偿。
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引用次数: 1
Breaking Bad? The Uneasy Case for Regulatory Breakeven Analysis 打破坏?监管盈亏平衡分析的不安案例
Pub Date : 2014-04-28 DOI: 10.2139/SSRN.2430263
D. Farber
Assessing regulatory benefits is crucial to cost-benefit analysis. And yet, quantification can be problematic, either because of the nature of the benefit themselves or because of uncertainty about achieving them. In such situations, Cass Sunstein calls for the use of a breakeven analysis based on a judgment about whether regulatory benefits are at least as high as costs. Even assuming that cost-benefit analysis is the best way of making decisions when benefits can be readily quantified, breakeven analysis may or may not be the right approach when quantification is difficult. Instead, depending on the causes of the difficulty, we might want either to revert to more qualitative methods of decision-making or to move beyond breakeven analysis into more rigorous methodologies. Thus, the case for breakeven analysis remains unproven.
评估监管效益对成本效益分析至关重要。然而,量化可能是有问题的,要么是因为利益本身的性质,要么是因为实现这些利益的不确定性。在这种情况下,卡斯•桑斯坦(Cass Sunstein)呼吁使用盈亏平衡分析,该分析基于对监管收益是否至少与成本一样高的判断。即使假设成本效益分析是最好的决策方法,当收益可以很容易地量化时,盈亏平衡分析可能是也可能不是正确的方法,当量化是困难的。相反,根据困难的原因,我们可能想要回归到更定性的决策方法,或者超越盈亏平衡分析,进入更严格的方法。因此,盈亏平衡分析的理由仍未得到证实。
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引用次数: 2
Pari Passu: The Nazi Gambit 纳粹的策略
Pub Date : 2014-04-28 DOI: 10.2139/SSRN.2430588
Sung Hui Kim
As the ongoing court battle between the Republic of Argentina and NML Capital, Ltd. illustrates, the meaning of pari passu in sovereign debt contracts remains highly contested. This article presents what might be the clearest historical evidence of what the pari passu clause was understood to mean in the pre-war period. It examines Nazi Germany’s defaults of the Dawes and Young Loans during the 1930s. According to this historical evidence, the parties believed that the clause promised parity in payment across different creditor groups (in this context, the various tranches representing nationals of different countries) considered to be part of the same general undertaking. This article reports no evidence to support what may be the most commonly offered interpretation for the clause today — that the pari passu clause was intended to prohibit the sovereign from passing laws that would have the effect of involuntarily subordinating certain creditors. This article also finds no evidence to suggest that the pari passu clause was understood as entitling the aggrieved creditor to a unilateral right to block payments to bondholders who assented to a government’s restructuring proposal.
正如阿根廷共和国与NML资本有限公司之间正在进行的法庭之争所表明的那样,主权债务合同中同等权益的含义仍然存在高度争议。这篇文章提出了可能是最清楚的历史证据,证明在战前时期,同等权益条款的含义是什么。它考察了纳粹德国在20世纪30年代对道斯和杨贷款的违约。根据这一历史证据,当事各方认为,该条款承诺在被认为是同一总承诺的一部分的不同债权人集团(在此情况下,代表不同国家国民的各个部分)之间支付均等。本文报告没有证据支持可能是当今对该条款最常见的解释- -即同等权益条款的目的是禁止主权者通过可能产生非自愿地使某些债权人处于从属地位的法律。本文也没有发现任何证据表明同等权益条款被理解为赋予受害债权人单方面阻止向同意政府重组提议的债券持有人付款的权利。
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引用次数: 2
The Essential Facilities Doctrine: The Lost Message of Terminal Railroad 基本设施原则:终点站铁路丢失的信息
Pub Date : 2014-03-10 DOI: 10.2139/SSRN.2407071
S. Maurer, Suzanne Scotchmer
The growing importance of shared networks, shared platforms and shared standards leads to a renewed discussion of the essential facilities doctrine of antitrust. This is an area where European law and American law have diverged. In Trinko (2007), the U.S. Supreme Court came close to abolishing it. At the same time, it was reinvigorated by the European Commission, which asserted it successfully in E.C. v. Microsoft, and then, facing criticism, clarified the doctrine in a Guidance document. We harmonize the main cases around the doctrine’s original but often forgotten purpose namely, harvesting economic synergies through sharing. We argue that, absent such a doctrine, these synergies could be lost as firms either avoid sharing to avoid antitrust liability, or create sharing arrangements that undermine competition. We show how and why the original purpose of the doctrine has become entangled with other antitrust issues, in particular, leveraging. We systematize the sharing rules that have been imposed or allowed, with an emphasis on how to harvest synergies while mitigating any harm to competition.
共享网络、共享平台和共享标准的重要性日益增强,引发了对反垄断基本设施原则的新一轮讨论。这是欧洲法律和美国法律分歧的一个领域。在Trinko(2007)中,美国最高法院几乎废除了它。与此同时,欧盟委员会(European Commission)重新赋予了它活力,在E.C.诉微软案(E.C. v. Microsoft)中成功地主张了这一原则,然后,面对批评,在一份指导文件中澄清了这一原则。我们围绕这一理论最初但常常被遗忘的目的,即通过分享获得经济协同效应,来协调主要案例。我们认为,如果没有这样的原则,这些协同效应可能会丧失,因为企业要么避免共享以避免反垄断责任,要么创造破坏竞争的共享安排。我们展示了该原则的最初目的是如何以及为什么与其他反垄断问题纠缠在一起的,特别是杠杆问题。我们将已经实施或允许的共享规则系统化,重点是如何在减少对竞争的损害的同时获得协同效应。
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引用次数: 9
Autonomy, Welfare, and the Pareto Principle 自治、福利和帕累托原则
Pub Date : 2014-02-08 DOI: 10.2139/ssrn.2392859
D. Farber
The Pareto principle has great intuitive appeal, but poses perplexities on closer examination. What exactly do we mean by “preferences”? Should the principle apply ex post or ex ante? Does it uphold individual autonomy, individual welfare, or both? This essay argues that the Pareto principle is best understood, in utilitarian terms, as connecting social welfare with an objective appraisal of individual welfare. Indeed, with only modest additional assumptions, the Pareto principle implies a utilitarian social welfare function. It is much more difficult to link Pareto with autonomy norms for several reasons, including not only Sen’s paradox but a bevy of other difficulties.
帕累托原理在直觉上有很大的吸引力,但在仔细研究时却令人困惑。我们所说的“偏好”究竟是什么意思?该原则是事后适用还是事前适用?它是支持个人自治,个人福利,还是两者兼而有之?本文认为,从功利主义的角度来看,帕累托原则最好被理解为将社会福利与对个人福利的客观评估联系起来。事实上,只要有适度的额外假设,帕累托原则就意味着一个功利的社会福利函数。将帕累托与自治规范联系起来要困难得多,原因有几个,不仅包括森的悖论,还包括一堆其他困难。
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引用次数: 0
The Effect of Rising Income Inequality on Taxation and Public Expenditures: Evidence from U.S. Municipalities and School Districts, 1970-2000 收入不平等加剧对税收和公共支出的影响:来自美国市政当局和学区的证据,1970-2000
Pub Date : 2013-11-07 DOI: 10.2139/ssrn.1666543
L. Boustan, Fernando V. Ferreira, Hernan Winkler, Eric M. Zolt
The income distribution in many developed countries widened dramatically from 1970 to 2000. Some scholars argue that income inequality contributes to a host of social ills by undermining voters' willingness to support public expenditures. In contrast, we find that growing income inequality is associated with an expansion in government revenues and expenditures on a wide range of services in U.S. municipalities and school districts. Results are robust to a number of model specifications, including instrumental variables that address the endogeneity of the local income distribution. Our results are inconsistent with models predicting that heterogeneous societies provide lower levels of public goods. © 2013 The President and Fellows of Harvard College and the Massachusetts Institute of Technology.
从1970年到2000年,许多发达国家的收入分配急剧扩大。一些学者认为,收入不平等削弱了选民支持公共支出的意愿,从而导致了一系列社会弊病。相比之下,我们发现,收入不平等的加剧与美国市政当局和学区在各种服务上的政府收入和支出的扩大有关。结果对许多模型规格具有鲁棒性,包括解决当地收入分配内生性的工具变量。我们的结果与预测异质社会提供较低水平公共产品的模型不一致。©2013哈佛学院和麻省理工学院的校长和研究员。
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引用次数: 65
The Attrition of Rights Under Parole 假释期间权利的消耗
Pub Date : 2013-08-18 DOI: 10.2139/ssrn.2312072
Tonja Jacobi, L. Song Richardson, Greg Barr
We conduct a detailed doctrinal and empirical study of the adverse effects of parole on the constitutional rights of both individual parolees and the communities in which they live. We show that parolees’ Fourth, Fifth and Sixth Amendment rights have been eroded by a multitude of punitive conditions endorsed by the courts. Punitive parole conditions actually increase parolees’ vulnerability to criminal elements, and thus likely worsen recidivism. Simultaneously, the parole system mitigates the rights of non-parolees: family, co-tenants, and communities more broadly. We show that police target parolee-dense neighborhoods for additional Terry stops, even when income, race, population and single-family status are accounted for. Furthermore, police take advantage of the permissive parole search jurisprudence, conducting more searches and arrests of both parolees and their non-parolee neighbors. Combined, this analysis shows that parole institutionalizes individuals and marginalizes communities.
我们对假释对被假释者个人及其所在社区的宪法权利的不利影响进行了详细的理论和实证研究。我们表明,假释者的第四,第五和第六修正案的权利已经被法院认可的大量惩罚性条件所侵蚀。惩罚性假释条件实际上增加了假释者对犯罪分子的脆弱性,从而可能加剧累犯。同时,假释制度降低了非假释者的权利:家庭、共有人以及更广泛的社区。我们的研究表明,即使考虑到收入、种族、人口和单身家庭的情况,警察也会针对假释犯密集的社区进行额外的特里拦截。此外,警方利用宽松的假释搜查法理,对假释犯及其非假释犯邻居进行更多的搜查和逮捕。综合来看,这一分析表明,假释使个人制度化,使社区边缘化。
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引用次数: 6
Public Intuitions about Fair Child Support Allocations: Converging Evidence for a 'Fair Shares' Rule 关于公平子女抚养费分配的公众直觉:“公平份额”规则的趋同证据
Pub Date : 2013-06-23 DOI: 10.2139/ssrn.2110376
S. Braver, I. M. Ellman, R. MacCoun
Nearly all American states use one of two systems for setting the amount of child support that noncustodial parents (NCPs) are required to pay to custodial parents (CPs). In previous work we found that lay judgments of the child support amount the law should require differ in meaningful ways from these two systems: Our respondents favor child support amounts that are more responsive to the NCP’s income, and much more responsive to the CP’s income, than set by either system. They also favor dollar amounts that increase more rapidly with NCP income when CP income is lower, producing a characteristic fanning lines pattern when dollar support amounts are charted against NCP income for several different CP incomes. We give the label “Fair Shares” to these two features of our respondents’ child support judgments. We describe 6 new experimental studies that vary the context of these judgments in ways that test whether the “Fair Shares” account is robust. Our studies consistently replicate the fan shaped pattern and shed further light on lay judgments. A revised version of this paper has been acceptred for publication in Psychology, Public Policy, and Law.
几乎所有的美国州都使用两种制度中的一种来确定非监护父母(ncp)需要支付给监护父母(CPs)的子女抚养费数额。在以前的工作中,我们发现法律应该要求的子女抚养费的外行判断在这两种制度中有意义的不同:我们的受访者倾向于对NCP的收入更敏感的子女抚养费,对CP的收入更敏感,而不是由任何一种制度设定。当CP收入较低时,他们也倾向于美元支持金额随着NCP收入的增长而更快增长,当美元支持金额与几种不同CP收入的NCP收入作对比时,产生一个特征的扇形线模式。我们将被调查者子女抚养费判决的这两个特征称为“公平份额”。我们描述了6项新的实验研究,这些研究以测试“公平份额”账户是否稳健的方式改变了这些判断的背景。我们的研究一致地复制了扇形模式,并进一步阐明了非专业判断。本文的修订版已被接受发表在《心理学、公共政策和法律》上。
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引用次数: 8
Facebook Proficiency of Students in Dalican, Datu Odin Sinsuat, Maguindanao Dalican, Datu Odin Sinsuat, Maguindanao学生的Facebook熟练程度
Pub Date : 2013-03-30 DOI: 10.2139/ssrn.3545244
Bai Putri Morayah Amil
The study attempted to measure the facebook proficiency of the students. In particular, the study sought to answer the following questions:

1. Is there a relationship between the facebook proficiency of the students and their educational level?

2. Is there a relationship between the facebook proficiency of the students and their sex?

3. Is there a relationship between the facebook proficiency of the students and their age?

4. Is there a relationship between the facebook proficiency of the students and their personal gadgets?

The information gathered were interpreted and analyzed through the use of frequency distribution, analysis of variance, z-test, correlation and chi-square.
这项研究试图衡量学生对facebook的熟练程度。该研究特别寻求回答以下问题:学生的facebook熟练程度与他们的教育水平之间是否存在关系?学生对facebook的熟练程度与性别之间是否存在关系?学生对facebook的熟练程度与年龄有关系吗?学生对facebook的熟练程度和他们的个人电子设备之间是否存在关系?收集到的信息通过频率分布、方差分析、z检验、相关性和卡方分析进行解释和分析。
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引用次数: 0
期刊
University of California, Davis law review
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