This article offers an in-depth analysis of the issue of pyramid promotional schemes,as it has been recently prompted by public enforcement activity of the Italian AntitrustAuthority. As a result of the recent developments in European and national consumerprotection law, this kind of economic...

We analyze the effects of feed-in tariff (FIT) adjustments on installed photovoltaic capacity in Germany. We find that the current system temporarily accelerates installments and does not countervail over-investment. Therefore, we design three alternative FIT regimes: (i)constant FITs, (ii)...

Currently, a wide range of strategies is implemented in different countries to increase the share of electricity from renewable energy sources (RES-E). A still controversial discussion is whether quantity-driven (like Tradable Green Certificates (TGCs) based on quotas) or price-driven (like...