The primary aim of the reform of EU rules on research, development and innovation for the period 2014-20 is to ensure that aid stimulates more research and that it is kept to the minimum necessary. This paper develops a simple model that identifies a number of problems in the public funding of...

There is a general consensus that member state interaction within the EU system will lead to convergence and an overall improvement of domestic policies and administrative systems. This article poses that non-convergence is also possible and develops a model of Europeanisation that explains both...

Recent public debate on the costs and benefits of EU membership has focused more on the costs and less on the benefits. This paper explores the benefits from improved regulatory or policy implementation and enforcement. If actual regulatory enforcement differs from the socially optimal level,...

This paper assesses the effectiveness of the Meroni doctrine in the light of the recent judgment in the ESMA case. The first part explains in detail the problem of delegation of powers in the EU from the perspective of the principal-agent theory and complements it with the analysis of the...