The European public procurement system has a major role in ensuring the efficient spending of the public money and in promoting economic competitiveness. The legislative bases of the system are represented by harmonized European regulations, which aim to facilitate the application of the...

A large variety of different countries conditions requires a modernization of criteria, norms and standards of competition regulation and methods of enforcement. Competition advocacy is a type of complementary activity exercised by antimonopoly authorities additional to enforcement measures,...

Quality, independence and efficiency are the key components of effective justice systems, a crucial condition to ensure the proper functioning of important drivers of growth in the EU. This paper focuses on judicial efficiency and investigates the impact of certain structural reforms affecting...

Abstract: In November 2011 Sweden abolished the uniform national electricity price and introduced separate price zones. This was the result of an antitrust settlement between the Commission and the Swedish network operator, which was accused of discriminating between domestic and export...

Abstract: This paper seeks to estimate the economic growth effect of constitutional provisions for property rights protection. It does so using the unique situation in formerly communist countries in Central and Eastern Europe and the Caucasus where all but two introduced new constitutions after...

Many observers suggest that American citizens sue more readily than citizens elsewhere, and that American judges shape society more powerfully than judges elsewhere. We examine the problems involved in exploring these questions quantitatively. The data themselves indicate that American law’s...

Insufficient competition remains a major obstacle to growth in Italy. The main culprits include the institutional environment and the regulations governing some economic sectors subject to market failures. As to the former, relative neglect of economic efficiency has produced an unstable and...

Die EZB hat angekündigt, ihr Bilanzvolumen von unter 2 Billionen Euro wieder auf das Niveau von Anfang 2012 von 3 Billionen Euro auszweiten. Die EZB wird der Eurozone daher etwa 1 Billion Euro an Liquidität zur Verfügung stellen. Die Einspeisung der Liquidität in die Märkte wird durch die...

This paper analyzes how the budget allocated to state prosecutors' offices vary across prosecutorial districts and the reasons for such variation by empirical methods, using data from Census of Prosecutors and other sources. The main results of this paper are as follows. Other factors being...