Practicing sports as well as the organization of sports events generate considerable positive external effects which cause an inefficiently low provision of private funds and thus justify public interventions in the sports market. For instance, organising competitions and providing sports...

The availability of an adequate pool of suitable labour is a key location factor for the labour-intensive hotel and restaurant business. Yet, in spite of high unemployment (jobless rate: 17.3 percent) and schemes to attract seasonal workers from abroad, the sector still encounters considerable...