Since 1989 and the regionalization of public transports in Belgium, the Société des transports intercommunaux de Bruxelles (STIB), i.e. the public operator of urban transport in Brussels, has undergone many changes, both structural and organizational. Meanwhile, the company has managed to...

Is a competitive free market the most efficient way to maximize welfare and to equally allocate rare resources among economic agents? Economists usually tend to think this is the case. This paper presents a preliminary attempt through an object-oriented multi-agent model to address this...

The conventional academic rationale for supranational intervention to curb state aids to industry appeals to transfrontier spillovers. However, competition policy practitioners often speak in terms of curbing "wasteful" spending, regardless of whether or not any international spillovers are...