The Open Method of Coordination (OMC) is a new governance method applied in the European Union to policy fields where the main competences still rest with the member states. The OMC should help to foster mutual learning about successful policies and promote policy transfer by identifying best...

The Open Method of Coordination (OMC) is a new governance method applied in the European Union to policy fields where the main competences still rest with the member states. The OMC should help to foster mutual learning about successful policies and promote policy transfer by identifying best...

Abstract: Both in US antitrust and EU competition policy a development to a broader appli-cation of rule of reason instead of per se rules can be observed. In the European discussion the attempt to base competition policy on a "more economic approach" is mainly viewed as im-proving the economic...

This essay combines the main ideas of neo-institutionalism with those of Evolutionary Economics in order to construct a model of the process of legal evolution. The cognitive creativity of the actors on the one hand, and wealth effects caused by negative technological externalities - resulting...

Obwohl die Kompetenz zur Ausgestaltung ihrer sozialen Sicherungssysteme nach wie vor bei den Mitgliedstaaten der europäischen Union liegt, wendet der Europäische Gerichtshof seiner bisherigen Tradition folgend das europäische Gemeinschaftsrecht zunehmend auch auf die wirtschaftliche Seite...

Der folgende Beitrag stellt erste Ergebnisse einer schriftlichen Umfrage vor, die im Herbst 2001 bei Versicherungsvertretern und Versicherungsmaklern zum Thema Transparenz auf dem Markt für private Alterssicherung deutschlandweit durchgeführt wurde. Mit der zunehmenden Bedeutung, die der...

Institutions matter both for long-term economic evolution as well as for more short-termed economic performance. The law is particularly important in shaping the institutional framework for economic activities. This paper gives an overview of typical evolutionary explanations of legal change,...

This paper analyses the potential effects of the open method of co-ordination on pension reforms in the European Union from an economic point of view. The main results are: (1) For the first time, the Commission formally participates in the input of pension policy-formation of the member states,...

Insurance intermediation services are information services which exhibit strong information asymmetries. We empirically analyze whether signaling works in the German market for insurance intermediation services. For this a signal must increase service quality and be easily identifiable by...

Despite the advances in New Institutional Economics about the economic consequences of institutions and legal rules, up to now we have only limited knowledge about the mechanisms of the evolution of law. By combining the main ideas of Evolutionary Economics and New Institutional Economics this...