We study a dynamic general equilibrium model where innovation takes the form of the introduction new goods, whose production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are adapted to be produced using unskilled labor. Our...

The last few years have seen both a significant shift in EU state aid policy towards a more sophisticated economic approach and a great enrichment of the economic literature on state aid. This paper examines the control of state aid in the EU in the light of the new literature. It begins with a...

Motivated by the general lack of empirical scholarship concerning the cross-national environment for competition policy, I present measures here of the overall resources dedicated to competition policy and the merger policy work-load for thirty-two antitrust jurisdictions over the 1992-2007...

In current horizontal merger policy in the US and the EU an explicit efficiency defense is allowed. On both sides of the Atlantic mergers are unconditionally approved if internal efficiencies are sufficient to reverse the mergers’ potential to harm consumers in the relevant market. Current...

The main purpose of the paper is to provide a quantitative and qualitative analy-sis of state aid policy and its role in ensuring economic development in the EU. Based on theoretical approaches and empirical evidence, it is assumed that an effi-cient state aid policy should support the...

For European competition policy, assessing the effectiveness of its enforcements turned out to be a problematic issue. Thus, it has proved to be difficult to assess whether the objectives are properly defined and subsequently the extent that these were achieved, whether the institutional and...

The paper has in view to present the intrinsic characteristics of the European Union and to show that these characteristics require in an objective way the implementation of a multi-level governance. A comparative analysis of cohesion and competition policy of the European Union is presented...