This paper analyses the justifications and stages of the elaboration of impact studies at the European level, focusing on the various working methods, be it „impact matrix” or the „logic of intervention”, which may be adopted by law-makers, in order to improve the regulation mechanisms...

This paper provides an empirical test of the Coase Theorem. I analyze whether emissions are independent from allowance allocations in the electricity sector regulated under the EU's Emissions Trading System (EU ETS). Exogenous variation in levels of free allocation for power producing...

This paper provides an empirical test of the Coase Theorem. I analyze whether emissions are independent from allowance allocations in the electricity sector as regulated under the EU's Emissions Trading System (EU ETS). Exogenous variation in levels of free allocation for power producing...

Fifty five years ago, Coase suggested in his seminal article "The Federal Communications Commission" that spectrum assignments should be treated in a similar way to property rights where market forces allocate these flexible tradable rights to users with the highest valuations for it. While...