Competition policy in the European Union is built on the principle that the exercise of market power is a source of inefficiency and as such should be prevented or eliminated. According to this doctrine, effective competition exempt from market power is the source of economic growth. Observation...

We assess the long-run growth effects of rising longevity and increasing the retirement age when growth is driven by purposeful research and development. In contrast to economies in which growth depends on learning-by-doing spillovers, raising the retirement age fosters economic growth. How...

In 2009 the EU adopted a new migration policy instrument - the Blue Cards (BC) - for attracting highly skilled workers to the EU. The present paper examines the potential impacts, which BC may cause on the less developed sending countries (LDC). According to the adopted framework of innovative...

The persistent dominance of US digital platforms relates to strategies that can be justified on efficiency grounds. However, these strategies might also offset competition and have ambiguous welfare effects. Overall, though, the economic literature does not provide a clear theoretical ground for...

This Article explores constitutional limits and regulatory openings for innovative state policies to mitigate climate change by promoting climate-friendly, renewable energy. In the absence of a comprehensive federal policy approach to climate change and clean energy, more and more states are...

The United States is commonly characterized as a nation with a deep distrust of big government and a strong commitment to markets and competition. In contrast, the prevailing image of the European Union is that of a highly bureaucratized polity favoring interventionist economic governance over...

This chapter discusses the latest and most important mergers in the recent large consolidation of the agrochemical industry. It examines not only standard pricing effects, but also the difficult and novel issues related to how a merger affects innovation competition. While the economics...

This paper takes a critical look at the explanatory value of "regulatory competition" as a term or idea in debate about law and legal systems. The paper's central contention is that it has only very limited usefulness, and is easily misused. It is an idea that has explanatory force in highly...

The role of copyright law in furthering social justice is blurred. On the one hand, copyright law aims to guarantee a more or less exclusive protection. On the other hand, copyright law also intends to strike a fair balance between the interests of rightholders and the society. Such balancing...