Societies provide institutions that are costly to use, but able to enforce long-run relationships. We study the optimal decision problem of using self-governance for risk sharing or governance through enforcement provided by these institutions. Third-party enforcement is modelled as a costly...

Central and East European countries (CEEC) differ significantly with regards to their economic performance despite the fact that external policy prescriptions are very similar in all these countries. Extreme diversity and fragility in the performance of the main economic variables such as GDP...

The coming enlargement of the European Union is an opportunity and a challenge for taking decisions on a substantial reform of its institutional framework. After the negative experience of the past Intergovernmental Conferences leading to the Treaties of Amsterdam and Nice, the preparation of...

On 1 May 2004 the EU will enlarge to 25 member states. Member states are uncertain what they will gain or lose from enlargement and they are concerned about the implications for the functioning of the EU. Talk is even of enlargement as a u0093leap in the darku0094. The reports in this study deal...

The targeted increase of renewable energy sources in the European energy mix to 20% by 2020, and the goal of an 80-95% CO2 emissions reduction by 2050, will require changes to and extensions of the electricity grid. The integration of increasing shares of fluctuating renewable electricity,...

Based on a series of case studies, this study identifies the factors that can influence successful implementation of specific renewable energy technologies in European Union Member States. It aims to facilitate greater use of renewable energy sources and contribute to efforts by the EU and its...

Iberdrola S.A. is a Spanish-based company with headquarters in Bilbao. It is one of the world's leading private energy utilities and its core business is related to the generation, transmission, distribution and sales of electricity. The companyu0092s home markets are naturally situated in...