Two-sided payment card markets generate costs that have to be distributed among the participating actors. For this purpose, payment card networks set an interchange fee, which is the fee paid by the merchant's bank to the cardholder's bank per transaction. While in recent years many antitrust...

Two-sided payment card markets generate costs that have to be distributed among the participating actors. For this purpose, payment card networks set an interchange fee, which is the fee paid by the merchant's bank to the cardholder's bank per transaction. While in recent years many antitrust...

Italian Abstract: L'autore traccia una linea divisoria tra il concetto di "riforme strutturali" in Sylos Labini e l'approccio attuale, focalizzandosi sulla diversa connotazione dei "vincoli" e su tre concetti chiave: solidarietà, relazione stato-mercato e potere. Testo del discorso tenuto alla...

Italian Abstract: L'articolo descrive l'evoluzione dei concetti di "mercato" e "concorrenza" nella legislazione e nella prassi dell'UE. L'autore elabora le conseguenze della legge antitrust e le possibilità di sviluppi futuri. Il testo del discorso tenuto al convegno "Mercato e Concorrenza", il...

The Payment Services Directive (PSD) was published in late 2007, constituting the legal basis for the Single Euro Payments Area (SEPA). The industry initiative launched on 28 January 2008 aims at replacing fragmented national markets for payment services with one integrated system. Although...

This study offers an in-depth economic analysis of the two main proposals for the creation of a European unemployment insurance scheme. One proposes the creation of a harmonised European unemployment benefit scheme that would apply automatically to every eligible unemployed person. The...

One frequently hears the question posed in the title to this report, but there is little systematic analytical literature on the issue. Fragmented evidence or anecdotes dominate debates among EU regulatory decision-makers and in European business, insofar as there is a genuine debate at all....