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Efficient solutions are difficult to adopt, as they comprehend a large amount of information and require identifying an optimum point, which weighs up the benefits and costs involved. One means of simplifying this task arises with the final offer rule (the judge accepts the position of one or the other part, in a complete way). The Chilean electricity system provides for a rule of this nature to rule on disputes, which come before the so-called «electrical panel». This article will discuss the rule’s considerations of efficiency and the complexities, which the final offer presents for traditional procedural principles. A rule acclaimed by economists for taking decisions could cause lawyers to reconsider the mechanisms for resolving certain disputes.

In this paper we conduct a qualitative analysis of law students' experiences with authorities when they were high school students. Through a psychoanalytical framework, we seek to understand the relational dynamics underlying those experiences and their possible impact in the construction of the law students' «regulatory self», that is, in the way they live within regulatory systems. Then we explore the different manners in which that past could be present in the way law students live legal education and then their profession. Finally, we suggest diverse attitudes that law schools' authorities, professors and students can develop in order to avoid authoritarian relational dynamics and to construct a «regulatory ethos» which can contribute to the growth of students' «regulatory self». [ABSTRACT FROM AUTHOR]

The aim of this research is to bring the reader closer to several concepts that are becoming more common day by day, and which find themselves in unstoppable development, such as blockchain technology, tokens, ICO (Initial Coin Offerings) or DAO (Decentralized Autonomous Organizations). Thus, the process of «tokenization», based on abstractly representing a value through the blockchain, is a transcendental innovation in areas such as the financial or the corporate spheres, where ICO --introducing a new business financing channel through the online sale of cryptographic assets-- or DAO --entities managed in a decentralized way through smart contracts by tokens holders-- come onto the scene. Likewise, their undeniable utilities will be enhanced, but the practical problems faced by these technological developments will also be analyzed, being the main one the regulatory uncertainty. [ABSTRACT FROM AUTHOR]

The purpose of this article is to highlight the importance of the Proportionality Principle as a valid legal criterion to determine when a given industry must be ex ante regulated by the Government through a specific sectorial regulatory framework or whether the application of the general antitrust and competition laws to such industry must be considered as a valid alternative. To this ends, this article analyzes the case of the Argentinean Law of Audiovisual Communications Services as it was treated by the Supreme Court of Argentina in the Grupo Clarín case.

Economic regulation as an administrative activity has become one of the quintessential subjects in modern Colombian administrative law. Despite the fact that Colombian law uses a fairly restrictive, organic, approach to economic regulation, few studies have analysed that connection between economic regulation and Government agencies. Without taking sides with that restrictive approach, this article tries to show the inconsistencies and difficulties to regulate properly in Colombian law, because of that connection between that administrative activity and those special agencies: the regulation commissions.

With the entry into force of the Constitution of Peru of 1993, the economic model of social market economy, which was accompanied by an institutional reform, creating four (4) regulators of utilities and one (1) competition agency, was established. The economic model of social market economy, guarantees free competition in the market as a general rule, establishing a regulatory framework for public services that before the reform, were managed directly by the State. Thus, in this paper we will learn how to set up the Peruvian institutional framework and what are the main similarities and differences between competition and regulation, for which we will detail the functions of the competition agency and regulatory bodies as well as interaction between the two.

Expensive and excessive regulations may affect the number of firms by discouraging them to access and remain into the market. Despite of such a fact, worldwide there are few legal mechanisms within competition law able to control regulatory activity. This document describes briefly the Peruvian mechanism of regulatory oversight through the Indecopi´s Elimination of Bureaucratic Barriers Commission, which has reached in less than 3 years the voluntary elimination of more than 1000 regulatory and administrative burdens affecting, inter alia, the market of the deployment of infrastructure on public utilities. This has been the result of a strategy that not relies on sanctioning administrative procedures but in a coordinative-oriented approach with the regulatees aiming to reach the effective accomplishment of the law. In turn, the development of such a strategy make possible to show a new style of enforcement in Peru, which has been studied and undertaken in other countries around the world, namely “Responsive Regulation”.

(i) Since the eighties, the European Union has implemented a policy aimed to achieve that the services of general economic interest are truly integrated in the internal market. To this end, European regulation has liberalized and harmonized the legal framework of the main economic sectors. Significant progress towards European integration has been achieved. However, the internal market is still not truly effective. (ii) Conversely, non- economic services are primarily the responsibility of Member States. They are not covered by the internal market rules, although the general provisions of the Treaty are to be applied.

The public service has been, traditionally, a domestic concept of the Administrative Law. However, as a consequence of globalization, the public service regulation by the Administration is also subject to the Global Administrative Law, specifically in the context of the international investment arbitration.

The costs of oil dependence, the environmental external costs of fossil fuels, or the promotion of agricultural development, has justified a number of measures of state intervention to expand the domestic market of biofuels, assuming that state intervention is necessary and sufficient condition for achieving this aim. After analyzing the political and economic elements in the Brazilian ethanol sector in historical perspective, in this article we argue that the expansion or contraction of the market should not be understood as an effect of a particular policies determined by the regulatory state. Regarding this, we argue the trends on the market development reflect the effects of aprevious underlying relationship, which is determined by the convergence or divergence over time of the opportunity costs of government and agribusiness. Our analysis shows that the effectiveness of a policy of energy diversification as the promotion of biofuels depends on the economic benefits and political rents generated by expanding the use of ethanol. These restrictions can be extrapolated as part of the cost-effectiveness analysis of public policies related to the sector in other countries.

Efficient solutions are difficult to adopt, as they comprehend a large amount of information and require identifying an optimum point, which weighs up the benefits and costs involved. One means of simplifying this task arises with the final offer rule (the judge accepts the position of one or the other part, in a complete way). The Chilean electricity system provides for a rule of this nature to rule on disputes, which come before the so-called «electrical panel». This article will discuss the rule's considerations of efficiency and the complexities, which the final offer presents for traditional procedural principles. A rule acclaimed by economists for taking decisions could cause lawyers to reconsider the mechanisms for resolving certain disputes. [ABSTRACT FROM AUTHOR]

The costs of oil dependence, the environmental external costs of fossil fuels, or the promotion of agricultural development, has justified a number of measures of state intervention to expand the domestic market of biofuels, assuming that state intervention is necessary and sufficient condition for achieving this aim. After analyzing the political and economic elements in the Brazilian ethanol sector in historical perspective, in this article we argue that the expansion or contraction of the market should not be understood as an effect of a particular policies determined by the regulatory state. Regarding this, we argue the trends on the market development reflect the effects of a previous underlying relationship, which is determined by the convergence or divergence over time of the opportunity costs of government and agribusiness. Our analysis shows that the effectiveness of a policy of energy diversification as the promotion of biofuels depends on the economic benefits and political rents generated by expanding the use of ethanol. These restrictions can be extrapolated as part of the cost-effectiveness analysis of public policies related to the sector in other countries. [ABSTRACT FROM AUTHOR]

With the entry into force of the Constitution of Peru of 1993, the economic model of social market economy, which was accompanied by an institutional reform, creating four (4) regulators of utilities and one (1) competition agency, was established. The economic model of social market economy, guarantees free competition in the market as a general rule, establishing a regulatory framework for public services that before the reform, were managed directly by the State. Thus, in this paper we will learn how to set up the Peruvian institutional framework and what are the main similarities and differences between competition and regulation, for which we will detail the functions of the competition agency and regulatory bodies as well as interaction between the two. [ABSTRACT FROM AUTHOR]

The purpose of this article is to highlight the importance of the Proportionality Principle as a valid legal criterion to determine when a given industry must be ex ante regulated by the Government through a specific sectorial regulatory framework or whether the application of the general antitrust and competition laws to such industry must be considered as a valid alternative. To this ends, this article analyzes the case of the Argentinean Law of Audiovisual Communications Services as it was treated by the Supreme Court of Argentina in the Grupo Clarín case. [ABSTRACT FROM AUTHOR]

The public service has been, traditionally, a domestic concept of the Administrative Law. However, as a consequence of globalization, the public service regulation by the Administration is also subject to the Global Administrative Law, specifically in the context of the international investment arbitration. [ABSTRACT FROM AUTHOR]

Economic regulation as an administrative activity has become one of the quintessential subjects in modern Colombian administrative law. Despite the fact that Colombian law uses a fairly restrictive, organic, approach to economic regulation, few studies have analysed that connection between economic regulation and Government agencies. Without taking sides with that restrictive approach, this article tries to show the inconsistencies and difficulties to regulate properly in Colombian law, because of that connection between that administrative activity and those special agencies: the regulation commissions. [ABSTRACT FROM AUTHOR]

(i) Since the eighties, the European Union has implemented a policy aimed to achieve that the services of general economic interest are truly integrated in the internal market. To this end, European regulation has liberalized and harmonized the legal framework of the main economic sectors. Significant progress towards European integration has been achieved. However, the internal market is still not truly effective. (ii) Conversely, non-economic services are primarily the responsibility of Member States. They are not covered by the internal market rules, although the general provisions of the Treaty are to be applied. [ABSTRACT FROM AUTHOR]