The economic crisis has had a negative effect on the state of the public budgets. Consolidation measures and the slow recovery of the economy will continue to influence the budget until 2014. However, an increase in public spending on innovation and education is possible in principle, despite...

Aiming at both low prices and innovation, policy makers and economists have long argued about the optimal intensity of competition. While the current discussion in telecommunication regulation points out that competition can be detrimental to innovation due to the low appropriability of rents...