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The paper deals with the expected consequences of deregulation and liberalisation in the European airspace, in particular the effects on the policies of European airlines. The paper gives an overview of the US deregulation policy and the effects on the American aviation sector. Particular...

In the EU the organization and financing of health care belong to the domain of authority of national governments. The program El 12 is an exception to this rule, permitting EU citizens to apply for medical treatment in another EU country, to be paid for by domestic social security. In spite of...

Applying rational choice approaches of politics, I analyze why major policy changes are unlikely to occur in the Swiss political system. Legislative decision rules create durable policies by the combination of the bicameral system with the optional referendum. In contrast to normative...

In this paper the estimation of stochastic trend components of Swiss time series, especially of real per capita GDP, is performed within a multivariate framework. The model includes real per capita consumption, real per capita investment, real per capita balances, and also a short-term interest...

A critical summary of the theoretical and legal justifications of capital adequacy regulation (CAR) of banks is given. It is shown that CAR is particularly attractive since it uses an existing market mechanism (market for corporate control). The role of CAR in Switzerland is described. The...

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A simulation exercise of a general equilibrium model for Switzerland makes clear that the macroeconomic impacts of aging populations are not very strong. There is no need for urgent policy actions to avoid severe negative economic consequences. The more open goods, labor and capital markets are,...

This paper investigates which variables determine the relative attractiveness of locations for mobile factors of production. The analysis is based on a survey of 1400 Swiss firms. It is found that the availability of human capital as well as the nature of regulations (especially of the procedure...