Value creation and capturing

Tax Law and Economics

The online gambling industry: A case of unproductive entrepreneurship

Has the legalisation of the online gambling market in 2021 been a success? No, the government simply underestimated the drive for profits of online gambling companies.

An example of unproductive entrepreneurship in the pharmaceutical sector

The US patent system offers a high payoff to a pharmaceutical firm using the partly public-funded research findings of others. A fair outcome of the competitive market and the patent system?

Tax Law and Economics

Challenges for corporate governance: What is the common theme?

The coronavirus pandemic has been a disruptive force, undermining the survival of many corporations and creating new challenges for corporate governance. Fortunately there is a common theme.