The European Union?s Court of First Instance has overturned several decisions of the European Commission relative to mergers and acquisitions on the ground of failures in the economic assessment of their competitive consequences. As a solution, the Commission, inspired by the US experience,...

Growth of international outsourcing, has been a dominant feature of the international economy. Recent theoretical developments have focused on firm behaviour and its consequences on trade structure, through the introduction of the modern theory of the firm. In a first section, we link this new...

The volatility in electricity markets disrupts price signals for investors and could induce an insufficient level of generating capacity. The risks are all the more significant since the profitability of peak-load capacities is especially sensitive to the level of prices that are realised during...

This paper presents an outcome evaluation of economic performances of Sweden since 1970. The first part analyses the evolution of Sweden in terms of sectorial specialization, international trade, social performances and business cycles. The second part describes the implementation of fiscal and...

So far, comparative studies of capital (or labour) share have opposed European to Anglo-Saxon countries. They have shown that capital share presents sharp movements and a positive trend in European countries, while it is stable in Anglo-Saxon countries. These stylised facts are often explained...

The aim of this special study consists in estimating the non-accelerating inflation rate of unemployment (NAIRU) for the aggregated euro area, France, Italy and Germany. An equation, estimated with the Kalman filter, relates the inflation variation with the terms of trade and the gap between the...