type="main" xml:id="ecop12031-abs-0001" <title type="main">Summary</title> <p>In 2010 UEFA, the governing body of European football, announced a set of financial restraints, which clubs must observe when seeking to enter its competitions, notably the UEFA Champions League. We analyse the financial and sporting impact of...</p>

type="main" xml:lang="en" <title type="main">SUMMARY</title> </section> <title type="main">Parallel trade</title> <p> Parallel trade is the resale of a product by a wholesaler in a market other than that intended by the manufacturer. One of its consequences is that manufacturers may be prevented from price discriminating between markets that have different...</p>

Will European football keep leagues open, or adopt the American system of closed leagues? Would this reform be to the benefit of consumers? This paper develops a framework to analyse the consequences of the structure of competition - whether teams play in both national and international...

The arms trade is highly controversial and raises difficult policy issues. The controversies tend to concentrate on the moral, military and political dimensions of arms exports decisions. Quite a lot of light can be shed on this murky market by asking basic economic questions and using standard...