Block exemption regulations (BER) survived the modernisation of EC competition law. According to the European Commission and some commentators, BER have a major role to play in the system instituted by Regulation 1/2003. Others are more critical and consider that BER are hard to nest within the...

The implementation of the EU Services Directive (2006/123/CE) should entail a boost of freedom of enterprise and free competition in the services sector in Spain. Although a proper interpretation of both these constitutional principles should have already led to the elimination of many barriers...

Traditionally the concern on the quality of regulation has focused on formal or technical issues, nowadays the concern on the substantive content of legal rules and their efficiency is increasingly relevant. The material dimension of regulatory quality refers to the effectiveness of legal...

This paper constructs several objective indicators of regulatory intensity in the context of the Spanish decentralization since 1978. Our aim is to develop a quantitative measure of the levels of regulatory intensity set by different regions in Spain. The dynamic nature of the decentralization...

The interface and coordination of securities regulation of tender offers, merger review proceedings set up by competition law and any other bodies of sectoral regulation potentially applicable to a given transaction is a key issue in governing modern markets. Indeed, Securities Regulation,...

This paper estimates the average effect of regulatory intensity and administrative redtape on productivity and innovation. For this purpose we exploit the exogenous variation of the decentralization process that has taken place in Spain during the last three decades. Using objective proxies for...