The Internet plays a growing role in the economy. This paper extrapolates this trend and analyses a world where most transactions take place in "cyberspace". We ask the following question: how does the design of the search engine affect the incentives to innovate and the economy’s long run...

Despite progress in the past decade, financial markets in Colombia remain relatively small and shallow. In particular the banking system suffers high intermediation costs, which limit constrains access to finance by households and firms. This paper explores some of the causes behind these...

Enhancing competitiveness is a popular target in economic policy making - not only at the national, but at the regional level as well despite neither generally accepted definition nor any strong agreement on how to measure it. In this chapter we discuss the conceptual underpinnings of why it is...

Neue gesetzliche Bestimmungen zur "symmetrischen" Zugangsregelung sollen in Dänemark im Rahmen der Umsetzung des europäischen Kodex für die elektronische Kommunikation (EKEK) von 2018 eingeführt werden. Dabei handelt es sich um Zugangsverpflichtungen, die für alle Betreiber gelten, und...