This paper challenges the assertion that European politics would be closer to the citizens' preferences if decision power were transferred from the Council of Ministers to the European Parliament. On the one hand, citizens benefit from a greater transparency in the Parliament's debates compared...

This paper challenges the assertion that European politics would be closer to the citizens' preferences if decision power were transferred from the Council of Ministers to the European Parliament. On the one hand, citizens benefit from a greater transparency in the Parliamentś debates compared...

Stiftungen als Instrumente bürgerschaftlichen und hoheitlichen Handelns erleben eine bemerkenswerte Renaissance. Während jedoch begleitende juristische Fachliteratur zum Stiftungsrecht vielfach vorgelegt worden ist, steckt die geistes- und sozialwissenschaftliche Aufarbeitung des...

We compare the performance of liability rules for managing environmental disasters when third parties are harmed and cannot always be compensated. A firm can invest in safety to reduce the likelihood of accidents. The firm's investment is unobservable to authorities. Externality and asymmetric...