This paper argues that transforming the postal business model goes hand in hand with a transformation in the definition of universal service obligation. Whilst postal operators need to fully embrace the unique competitive space created by electronic substitution, at the intersection between the...

Executive pay regulation is widely discussed as a measure to reduce financial mismanagement in corporations. We show that the professional team sports industry, the only industry with substantial experience in the regulation of compensation arrangements, provides valuable insights for the...

Recently, a number of high-profile betting scandals have shocked European football. Since such scandals threaten the integrity of the sport, which is one of its major assets, football officials have taken prominent measures to avoid further scandals. Unfortunately, these measures have not yet...

Die vom Staat erbrachten Leistungen für die Infrastrukturversorgung sind oft zu breit gefasst. Die damit verbundenen Regulierungen, Subventionen und weiteren Markteintrittsbarrieren führen zu ungewollten Umverteilungseffekten und nachhaltigen Wettbewerbsverzerrungen. Das Buch zeigt, warum es...