This paper explores the origin and development of the consumer choice paradigm as the core concept of German ordoliberal thought which has had a strong impact on EU competition policy and law. Outside Germany, ordoliberal thought is often identified exclusively with the learning of the original...

This paper shows how the cash flows received by an unregulated firm operating in a workably competitive market can be replicated for a regulated firm. The only change to standard regulatory practice is that each time the regulated firm invests, the amount added to its rate base is the product of...

The Court of Justice, when implementing by its case-law the EC Treaty?s objective of establishing a system of undistorted competition has developed a concept of workable competition, which, in its French authentic language, is expressed as ?concurrence efficace?. By this the Court does not mean...

The suggestion of the EU Commission concerning the deregulation of liberal professions from 2003 plans to regulated occupations into one category. Various occupations, which have not fulfilled the conditions of independence and scientific qualification, yet, should be thereby being joined with...

This paper compares and extends the tax competition analysis of ZODROW and MIESZKOWSKI (1986) and OATES and SCHWAB (1991, 1988). In a dynamic model of a small open economy we show that the efficiency of the tax instruments used to finance productive infrastructure depends on technical properties...

The Common European Sales Law (CESL) is the European Commission’s most recent policy initiative for European contract law. It aims to address the problem that differences between the national contract laws of the Member States may constitute an obstacle for the European Internal Market. This...