The Segregation of Markets

56 Pages Posted: 29 May 2019 Last revised: 13 Jun 2019

See all articles by Christian Turner

Christian Turner

University of Georgia School of Law

Date Written: February 26, 2019

Abstract

Campaign-finance reformers fear that rich donors’ money can be used disproportionately to influence the content of campaign advertising and thus, perhaps, the results of elections. In European football, UEFA has attempted to ban “financial doping,” rich owners’ use of money earned in sectors other than football to pay large sums for the best football players. Campaign-finance reform efforts and “financial fair play” rules in sport may seem like bespoke solutions to different problems. In fact, they are the same solution to the same problem. Both are attempts to ensure that power accumulated in one market is not brought into another market so as to distort and damage its proper functioning. Market segregation, which seeks to bar explicit or implicit trans-market “currency” exchanges, disconnects the markets’ decisionmaking rationales. By understanding the segregation regulatory tool and its characteristic difficulties, including the appearance of black-market currency exchanges and the entrenchment of incumbents, it is possible to see in more general terms the challenges in many other legal settings, including moral rights and so-called “repugnant transactions.”

Keywords: institutions, regulation, markets, jurisprudence

Suggested Citation

Turner, Christian, The Segregation of Markets (February 26, 2019). University of Georgia School of Law Legal Studies Research Paper No. 2019-19. Available at SSRN: https://ssrn.com/abstract=3342629 or http://dx.doi.org/10.2139/ssrn.3342629

Christian Turner (Contact Author)

University of Georgia School of Law ( email )

225 Herty Drive
Athens, GA 30602
United States

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