We consider the impact of a regulatory process forcing an incumbent telecom operator to make its local broadband network available to other companies (local loop unbundling, or LLU). Entrants are then able to upgrade their individual lines and offer Internet services directly to customers....

There are varied models of regulatory agency behavior. Economists have recently emphasized the incentive-incompatibility of agencies “captured” by regulated entities and a legislature concerned with welfare maximization. This conflict is characterized as a principal-agent problem to which...

We analyse pharmaceutical imports in the Danish hospital sector. In this market medicines are publicly tendered using first-price sealed-bid procurement auctions. We analyse whether parallel imports have an effect on pharmaceutical prices and whether the way tenders were organised matters for...

The economics of federalism is a broad discipline with more than five decades of experience. It may shed light on how regulatory jurisdiction is allocated in EU electricity and telecommunications markets. Specifically, this paper assesses the evolution of reform up to and including the third EU...

A socially desirable number of royalties-paying users of a state-owned broadcasting spectrum is derived within an optimal control framework where the adjustment of the number of users to above-normal profits is adversely affected by sunk costs. The optimal control takes into account the tradeoff...

Japan’s new bar examination has been administered since 2006. This paper attempts to analyze how professors selected as members of the committee (The Justice Ministry's committee of the new national bar examination) influence the results of the examination. I use a panel data set to control...

Im Rahmen dieser Arbeit soll ein Überblick darüber gegeben werden, wie sich das Vergaberecht derzeit in Deutschland darstellt und welche Möglichkeiten Vergabeverfahren im sozialen Bereich bieten. Aufbauend auf Diskussionen zum Verhältnis von Politik und Dritter Sektor werden Besonderheiten...

Die Treuhandidee steht allgemein für ein juristisches Konstrukt des Eigentums, das dem Treuhänder nach außen die volle Rechtsstellung eines Eigentümers verleiht, ihm im Innenverhältnis zum Treugeber jedoch mehr oder weniger starker Beschränkung unterwirft. In (Ost-)Deutschland erlebte...

Vor dem Hintergrund der für die Kreditinstitute voraussichtlich zum 1.11.2007 anzuwendenden europäischen Richtlinie über Märkte in Finanzinstrumenten sowie ihrer entsprechenden Durchführungsbestimmungen stellt sich die Frage, welche Anforderungen für die Anlageberatung der Kreditinstitute...

The vertical allocation of regulatory powers within the European two-level system of network sector regulation is analysed from the perspective of the economic theory of legal federalism. The analysis shows that sophisticated combinations of harmonised European rules along with sufficient scope...