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Power indices suggest that adding new members to a voting body may increase the power of an existing member, even if the number of votes of all existing members and the decision rule remain constant. This phenomenon is known as the paradox of new members. This paper uses the leading model of...
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The literature identifies a significant drop in merger control enforcement activity on both sides of the Atlantic during the last decade. Furthermore, this drop in enforcement activity is convincingly connected to enforcement problems on the sides of the competition agencies. This paper goes...
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The competition rules and policy framework of the European Union represents an important institutional restriction for doing sports business. Driven by the courts, the 2007 overhaul of the approach and methodology has increased the scope of competition policy towards sports associations and...
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, associated with differences in the quality of country-level institutions that shaped the absorption and response to these shocks … sharing of that growth, and its resilience. Part two looks closer at a key aspect of resilience: what are the key institutions … global financial crisis of 2008 and the euro crisis of 2012, because of the quality of institutions. This report finds that …
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