According to European directives the German state deregulated several sectors which had been protected monopolies for a long time. A regulatory authority was established for the telecommunication sector with the competence to decide about the access conditions to the bottleneck "local loop". If...

This paper presents evidence that high speed rail systems, by bringing economic agents closer together, sustainably promote economic activity within regions that enjoy an increase in accessibility. Our results on the one hand confirm expectations that have led to huge public investments into...