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By replicating Articles 85 and 86 of the EC Treaty the Danish Competition Act (put in force January 1998) constituted a shift from the control principle to the prohibition principle. This is an important improvement from the point of view that regulatory legislation should be designed to give...

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On the possibility of reducing public expenditures on medicine through <p> deregulation. The market for medicine is special in three essential respects: (a) The <p> role of the buyer is divided by three agents: the (informed) doctor, who prescribes <p> the medicine, the public health insurance, which...</p></p></p>

As a main principle, income is taxed when earned. This principle is <p> broken in case of unrealized capital gains (recovered depreciations, unrecorded <p> intangible assets etc.). Such incomes are taxed when realized or the ‘latent tax’ is <p> passed on to the new owner (tax succession). In Denmark,...</p></p></p>

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Diamond’s two-period OLG growth model is based on the assumption that the stock of capital in any period is equal to the wealth accumulated in the previous period by the generation of pensioners. This stock equlibrium condition may appear an innocuous paraphrase of the ordinary macro-economic...

In Denmark labor has been organized in independent but cooperating craft unions for more than a century. Within an extremely simple model of a small open economy facing imperfect competition, we analyze four different ways of organizing the labor market and show that the Danish model (partial...

Modelling the e¤ects of mergers in the retail sector. According to the Danish Competition Act, a merger that impedes ef- fective competition signi cantly, in particular by creating or strengthening a dominant postition, shall be prohibited. To decide whether this is the case the authorities...