This paper assesses the effectiveness of vertical industrial policies within the European Union. Vertical industrial policy is defined as government support of specific firms or industries ("picking winners" or "supporting losers"). It is measured as state aid granted by Member States to the...

This volume offers a timely and authoritative analysis of the key economic policy challenges facing the EU today. Written by leading thinkers in the field, it examines policy reforms in areas such as energy, financial services, macroeconomic policy co-ordination, labour markets and welfare state...

Market definition for antitrust purposes is by now firmly rooted in economic analysis both in the US and the EU, even if the approaches are slightly different. This paper examines the theoretical basis for the legal definitions and assesses whether the general principles need to be adapted when...