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The advance of digital technology is changing the nature of markets, enhancing the capacity of corporations to extract more consumers' surplus and lower the wages paid to workers. The rise of new technology has also diminished the efficacy of traditional laws to regulate firms and corporations....
Persistent link: https://www.econbiz.de/10012019530
Artificial intelligence has the potential to be a valuable competitive force in product and service markets. Yet AI may also pose competitive problems. I identify five big challenges that AI poses for competition. (1) Costly chips. (2) Private data. (3) Network effects. (4) Immobile talent. (5)...
Persistent link: https://www.econbiz.de/10014472357
of 2007/08 was not really a surprise –, and the five key requirements for restoring stability and efficiency in the EU …
Persistent link: https://www.econbiz.de/10003936131
Low international competitiveness of a set of euro area countries, which have become evident by large current account deficits and rising risk premiums on government bonds, is one of the most challenging economic policy issues for Europe. We analyse the role of private restructuring and public...
Persistent link: https://www.econbiz.de/10003936156
The social and labor market integration of ethnic minorities in the EU is still a major political, societal and …
Persistent link: https://www.econbiz.de/10008841907
The view is widespread that there are just two options for the future of the Eurozone – either it is complemented by a fiscal union, or it will fall apart. In this paper, we discuss five possible elements of a fiscal union, of which three are in the centre of the current debate on fiscal union...
Persistent link: https://www.econbiz.de/10009525226
Is it possible to sustain an ambitious and redistributive Nordic welfare state in a Europe with open borders? Drawing on longitudinal administrative records spanning four decades, we first present discouraging historical evidence showing that labor migrants from low-income source countries tend...
Persistent link: https://www.econbiz.de/10011391551
The crisis slowed down the implementation of the Lisbon Strategy (for the EU to become the most competitive region in … seems to have been well-preserved in the EU Member States. This is in contrast to the US with its substantial higher private … maneuver of Governments of EU Member States to deal with universities (as with other public expenditures) was severely limited …
Persistent link: https://www.econbiz.de/10011333041
. First, the paper develops stylised facts of mobility at the national and sub-national levels in the EU. Then, it explores … significantly when a country joins the EU. While euro area membership seems not to be associated with an overall rise in the …
Persistent link: https://www.econbiz.de/10011326538
Persistent link: https://www.econbiz.de/10009697765