Event studies represent an increasingly popular method to evaluate (future) welfare effects of economic policy decisions. The basic idea is to hire the stock market as a referee, i.e. that stock market reactions to the announcement of policy decision are interpreted to contain superior...

The paper suggest a competition policy agenda strategy for industrializing countries, i.e. countries that do not have fully established market economies yet but already have progressed some way on the road to industrialization. It especially emphasizes that some features of advanced competition...

Event studies represent an increasingly popular method to evaluate the welfare effects of economic policy decisions. The basic idea is that stock market reactions to the announcement of policy decisions contain superior information about the welfare effects of these decisions. This paper...