In this short paper, cartel behaviour is analysed with respect to the market shares of cartel members. There is some evidence in previous theoretical and empirical research that market shares under collusion are more stable than in phases of competition. It is shown that this can be an artifact...

Intangibles and especially organisational capital are an important source of capital deepening in European countries, albeit with significant cross-country differences. The GDP in the EU27 area is 5.5% higher if certain categories of expenditure, which have until now been considered as current...

Ten years after Greece’s accession to EMU, the venture has proved to be almost a complete failure. Obviously, the country joined EMU disappointingly unprepared. After EMU accession, Greece failed to seek the necessary adaptations. Its economic policy was inconsistent with the economic logic...

The digital economy relies on the collection of personal data on an ever-increasing scale. Regulations have to be found which can provide an optimal balance between consumers’ interest in privacy and the benefits from innovations that rely on the largely invisible collection, retention and...

Europe’s position as the most important economic area in the world is gradually being challenged by China and other regional powers which have been growing faster than the EU in the last 20 years. An economic and political power shift is taking place. How can Europe best cope with this challenge?

The financial crisis has exposed all EU Member States – to different degrees – with a double economic policy challenge: to foster sustainable economic growth and to consolidate public finances. Can the governments in the EU afford to forego the benefits of targeted tax measures at EU level...

How high would be the opportunity costs of the introduction of a German-style debt brake in other EU member states? The following article calculates these and concludes that they would in many cases be politically unacceptable. The author proposes an alternative solution, a “debt brake light”.

Italy is presently one of the most vulnerable economies in the eurozone. Over the past twenty years it has failed to adapt to increasing global competition and its public finances have deteriorated dramatically. Even with huge fiscal support from the other members of the eurozone, Italy’s...

This paper presents an empirical study of the impacts of mobile termination rate (MTR) regulation on European mobile operator performance. It examines the effects of both glide path and asymmetric regulation on incumbents as well as new entrants to this market using a dynamic econometric model...