In Western economies, the concrete design of fiscal federalism is determined by the status the federation grants to regionally comparable economic and social conditions, and to what extent this status is anchored in the constitution. If the political and social acceptance of regional differences...

In the Black Sea, Turkey has been able to engage in resource exploration and joint security arrangements with its neighbours. Ankara's approach to the Black Sea demonstrates that with the right diplomatic efforts and mutual recognition of inter­ests, regional cooperation is possible even in...

The objective of this paper is twofold. First, we study the patent hold-up problem in game-theoretic framework. We show that in subgame perfect equilibrium of the patent hold-up game the innovating manufacturer exerts reduced effort to develop the new product and the patent holder obtains the...