Creating Property Rights: Law and Regulation of Secondary Trading in the European Union

ISBN-13: 9789004227040 / Angielski / Twarda / 2012 / 216 str.

Opis

Academics, lawyers, economists, policymakers and anyone else who seeks an innovative and comprehensive analysis of allocation processes and regulation of the sectors selected with a special focus on the developing law.

Analysing the regulatory creation of property-like rights by governments, this book provides a comprehensive study of allocation processes and market mechanisms through the survey of four topical examples (airport slots, spectrum rights, milk quotas and emission allowances) which are under great attention at both the international and European Union level.

Spis treści

Acknowledgements

I. THE REGULATORY CREATION OF RIGHTS
1. The evolution of the regulatory state: an overview
2. Government largess and the new property theory
3. The tragedies of property governance: commons, anticommons, semicommons
4. Givings
5. The allocation of scarce resources: proposal for the introduction of secondary trading in the EU

II. AIRPORT SLOTS
1. Airport slots in the aviation market
2. Slot allocation in the U.S.
3. A market approach in the EU?
4. Airport slots and secondary trading
5. Forecasting: a first assessment on secondary trading
6. Airport slots: property rights or entitlements?

III. SPECTRUM RIGHTS
1. Radio spectrum
2. EU regulatory framework
3. Spectrum management models
4. Spectrum trading
5. Competition issues
6. Trading experiences
7. Some conclusive reflections on spectrum governance in the EU

IV. MILK QUOTAS
1. Quotas in EU Agricultural Policy
2. The EU milk quotas system
3. Milk quotas management
4. The nature of milk quotas
5. Quotas trading

V. EMISSION ALLOWANCES
1. The Kyoto Protocol
2. The allocation of allowances: general allocation methods
3. The European Union Emissions Trading Scheme: first and second round experiences
4. Potential anticompetitive distortions in the EU ETS experience
5. The EU ETS post 2012: the Third Phase and the new allocation scheme
6. Emissions trading in the U.S.: an overview
7. Nature of allowances
8. Forms of trading

VI. CONCLUSIVE REMARKS: THE EVOLUTION OF DE FACTO PROPERTY RIGHTS AND THE SECONDARY TRADING ISSUE
1. Government regulation and the evolution of property rights
2. Implications of allocation processes: a comparative summary of the sectors selected
3. The secondary trading issue in the European regulatory networks

Bibliography
Index

O autorze

Margherita Colangelo ; Ph.D. (2007), University of Macerata; LL.M. (2006), European University Institute (EUI), Florence; is Assistant Professor of Comparative Law at the University of Roma Tre, Faculty of Law. Her main fields of research and topics of publications are in Comparative Law, European Union Law, European Company Law, Competition Law and Regulation.