This CASEbrief summarises 'Paying for health, education and housing: how does the centre pull the purse strings?' by Howard Glennerster, John Hills and Tony Travers, with Ross Hendry, published by the Oxford University Press

The Market in Financial Instruments Directive (MiFID) aims to increasecompetition and to foster client protection in the European financialmarket. Among other provisions, it abolishes the concentration rule andchallenges the market ower of existing trading venues. The directiveintroduces venue...