or the voters. But many decisions about (de)centralisation do not have such a dramatic character and the subsidiarity … and the subsidiarity test 2.1. Optimal (de)centralisation The starting point of the economic theory of federalism (or … so as to pre-empt avoidable suppression of preferences due to free movement or establishment. 3. Subsidiarity and EU …

harmonisation in EU corporate income tax rates and (ii) reforms of tax bases in the European Union. We included some of the new …, whereas the non- energy sectors hardly decline at all. 31. A unilateral energy tax will not affect EU-wide emissions and …/benefit systems and EU convergence, or the lack of it, with respect to the US and the operation of the labour market in this respect …

Introduction 5 2 Financial integration and the emerging EU legal framework 9 (a) The Financial Services Action Plan 10 (b) The … for financial services in the EU. However, the same degree of integration has not yet been realised for the cross … INTEGRATION AND THE EMERGING EU LEGAL FRAMEWORK The EU only started to legislate for the clearing and settlement of financial …

Introduction 5 2 Financial integration and the emerging EU legal framework 9 (a) The Financial Services Action Plan 10 (b) The … for financial services in the EU. However, the same degree of integration has not yet been realised for the cross … INTEGRATION AND THE EMERGING EU LEGAL FRAMEWORK The EU only started to legislate for the clearing and settlement of financial …

Control funded by the Volkswagen Foundation, priority area Global Structures and Governance. … current world economic order, i.e. the lack of supranational governance of private international restrictions to market … competition. Such governance can effectively be designed against the background of a combination of the well …

about the appropriate degree of centralisation / harmonisation or decen- tralisation, and whether and under what conditions … political science, the law, and economics, more or less elaborated notions of multi-level governance or multi-level systems of … has dissolved consid- erably, and a number of intermediate solutions as new modes of governance have emerged. So far, not …

current world economic order, i.e. the lack of supranational governance of private international restrictions to market … competition. Such governance can effectively be designed against the background of a combination of the well … competition policy ; multilevel systems ; international governance ; economics of federalism ; international economic order …

integration and a creeping extension of the EU’s competences, then incentives for an ostensibly ‘spontaneous harmonisation’ of … focus on regional integration (such as the EU) or with a view to the benefits and limits of a global competition policy. In …-stop shop. This does not necessarily imply a centralisation of competences. Instead exclusive competences and a clearcut …

destination princi- ple), or (2) to harmonisation and centralisation, or (3) towards a free market for regulations (free choice … of em- barking on a path to harmonisation and centralisation. Through the analysis of the application of 'mutual recogni … to harmonisation and centralisation. In particular, the European ex- periences suggest that the introduction of a regime …

allocation and delimitation regime of EU merger control consisted of two elements: turnover thresholds and post …The jurisdictional elements of the comprehensive 2004 reform of EU merger control are worth being analysed against the … background of economic theory. Competence allocation and delimitation represent important factors for the workability of …