Over the past decades, many European countries have raised the minimum legal drinking age (MLDA) from 16 to 18 years. This study provides novel evidence of the impact of this policy on educational outcomes by exploiting the staggered timing of MLDA changes across Spanish regions. Raising the...

Energy networks are a core component of the European energy system. As energy supply and use cause 77 % of the EU's total greenhouse gas emissions, the design and development of the EU's energy networks define the EU's transition towards a decarbonised and resilient energy system. The EU's...

This study focuses on the separation, collection and subsequent management of the dry recyclable fractions (i.e. beverage cartons, glass, metal, paper and cardboard, and plastic) of municipal waste in the EU-27. The goal of the study is to recommend compliant/noncompliant and, in general, best...

When and how should governments use industrial policy to direct innovation to specific sectors? This paper develops a framework to analyze the costs and benefits of industrial policies for innovation. The framework is based on a model of endogenous innovation with a sectoral network of knowledge...

We critically assess an almost universal Benefit-Cost Analysis (BCA) practice. In addition to the central Net Present Value (NPV), analysts frequently also report multiple additional values in what is commonly referred to as ‘NPV sensitivity analysis’. This practice is generally justified...