This note investigates the effects of the education level, product market rigidities andemployment protection legislation on growth. It exploits macro-panel data for OECDcountries...

The emerging literature on interaction between strategic trade theoryand privatisation uses a simple example to argue that the irrelevanceresult is invalidated if the domestic market is open to foreigncompetition.This paper uses a fairly general framework to show that anythinga regulated...

The assessment of capacity credits for wind energy and the value interpretation is reviewed critically. It is shown that the electricity market values the contribution to system reliability with market prices in a more precise way ...

Der Einzelhandelssektor in Deutschland zeichnet sich, wie auch in anderenLändern der EU, durch einen Strukturwandel aus, der vorrangig Beschäftigungsformenund räumliche Standortverteilungen berührt. Dieser Strukturwandelhat sich bisher in Deutschland im Vergleich zu anderen EU-Ländern nur...

We examine the coexistence of banks and financial markets, studyinga credit market where the qualities of investment projects are notobservable and the investment decisions of entrepreneurs are not contractible...