The main goal of this paper is to empirically test the function of European merger control in light of the 2004 regulatory reform, which was expected to introduce a more efficient regulatory framework for the assessment of mergers within the EU. We use stock market data to identify cases where...

As the independence of national central banks in the European Union is one of the main institutional features of the EU’s monetary constitution, this paper considers whether central-bank monetary policy is conducted independently or if it is affected by political pressure. Specifically, the...

This paper analysis the development of Slovak agriculture during the country?s economic transition and during the parallel reforms of the common agricultural policy (CAP) of the European Union from a political-economy perspective. Agricultural-policy formation in Slovakia and the EU has been...

It has long been argued that the implementation of flexible policy instruments, such as environmentally-related taxes and tradable permits, is likely to lead to greater technological innovation than more prescriptive forms of regulation such as technology-based standards. One of the principle...

Public budgets obviously play important roles in the protection of national environments. The role of public budgets in the former communist countries of Europe has expanded in the period of their economic transition, as these countries face relatively limited financial resources and numerous...