The literature on ethnic entrepreneurship has identified a blend of structural and cultural factors that influence the step towards ethnic entrepreneurship. An important issue is whether ethnic entrepreneurs produce for their own ethnic niches or whether they try to cover a wider market of...

This paper examines the extent to which the main objectives of the European Common Transport Policy (CTP) are complementary. A total of six scenarios are constructed, reflecting three different policy objectives and two futures of Europe. The three policy objectives considered are economic...

In the context of the devolution of public policy, recently much administrative competence in land use policy is given to decentralised forms of decision-making in which local (or regional) authorities and the private sector play a more prominent role. The paper describes the pathway to a more...

It is often argued that a mandatory minimum wage is binding only if the wage density displays a spike at it. In this paper we analyze a model with wage setting, search frictions, and heterogeneous production technologies, in which imposition of a minimum wage affects wages even though, after...

The main objective of this paper is to analyze within the Mean-Downside Risk (MDR)-framework the relevance of the investment horizon for deriving optimal US asset class allocations. The choice of this risk framework is motivated by its close connection towards the way investors perceive risk and...