CESifo is pleased to announce that a new Research Area on the Economics of Digitization has been established within the CESifo Network. This area studies the societal and economic consequences of digitization. It has a wide scope of relevant research and its aim is to bring the leading...

The free market offers almost limitless choices in everything from what we eat, to the books we read, to the vehicles we drive. It's constantly at work, providing ever broadening opportunities for us to increase our happiness and realize our dreams. Yet, when it comes to American elementary and...