From a pure welfare economic viewpoint, there is no contradiction between a deepening and a widening of the EU. However, the analysis in this paper shows that the factual degree of deepening efforts within the EU by far exceeds the economically optimal one. Above all, the tendency of the...

The ongoing process of European integration is likely to increase trade and factor mobility thereby increasing interregional competition and affecting the interregional division of labor. From a theoretical standpoint, rising specialization and polarization of European regions may result from...

Wie weit die EG auf dem Weg zum Binnenmarkt vorangekommen ist, läßt sich daran messen, ob die Abweichungen der Preise auf den nationalen Märkten vom EGDurchschnitt im Zeitablauf abgenommen haben (Trend zum Preisausgleich). Preisvergleiche für bestimmte Güter, Dienstleistungen und...

The global welfare implications of home market effects in trade models with imperfect competition are little understood. This paper proposes a simple model in which such implications can be easily analyzed. It shows an overall tendency of imperfectly competitive sectors to inefficiently cluster...