As a result of the prevailing governance structure, economic policy in democracies usually suffers from specific deficiencies. Among these are the predominance of distributive over efficiency objectives, the neglect of long-run effects, and the lack of or biased use of expert knowledge in the...

The main internet problem is how to deal with temporary overload, which negatively affects quality-sensitive high value services while others do not suffer. Capacity overprovisioning als well as volume tariffs will not be efficient. The optimal solution is the application of priority pricing,...