While the old systems competition took place within closed borders, globalisation has brought about a new type of systems competition that is driven by the mobility of factors of production. The new systems competition will likely imply the erosion of the European welfare state, induce a race to...

While the old systems competition took place with closed borders, globalisation has brought about a new type of systems competition that is driven by the mobility of factors of production. The new systems competition will likely imply the erosion of the European welfare state, induce a race to...

This articles reviews the arguments for consumer protection policies by the government by referring to the Nobel prices on asymmetric information problems. It discusses criteria for assessing the empirical importance of lemons goods and comments on the relative merits of quality constraints and...