Am von in der Kategorie Paper, Publication.

Interoperability has become a buzzword in European policy debates on the future of the digital economy. In its Digital Agenda, the EU Commission has identified a lack of interoperability as one of the significant obstacles for the thriving of the digital economy. The EU Commission and a number of other actors have advocated far-reaching policies… Read more »

Am von in der Kategorie Paper, Publication.

Transnational regulatory networks play important roles in multi-level regulatory regimes, as e.g, the European Union. In this paper we analyze the role of regulatory networks from the perspective of the economic theory of legal federalism. Often sophisticated intermediate institutional solutions between pure centralisation and pure decentralisation can help to solve complex tradeoff problems between the… Read more »

Am von in der Kategorie Paper, Publication.

In its Communication “Building a European data economy” the EU Commission discusses the introduction of a new exclusive property right on data (“data producer right”) for non-personal (or anonymised) machine-generated data, and mandatory access rights to privately held data for achieving more access, transfer and reuse of data, esp. in the context of “Internet of… Read more »

Am von in der Kategorie Paper, Publication.

The question how mergers affect innovation has gained prominence in a number of recent merger cases. Accounting for the likely effects of mergers on innovation is difficult for a number of reasons though. First of all, the relationship between market concentration and innovation is far from clear and not unambiguous. While it is an empirical… Read more »

Am von in der Kategorie Paper, Publication.

Relocation of production to countries with low labour costs has induced increased labour market flexibility, which has been praised as a silver bullet for economic growth and low unemployment. Within a unionised oligopoly framework, in which a multinational firm has the option to relocate its production to a foreign country, we analyse the welfare implications… Read more »

Am von in der Kategorie Paper, Publication.

The chapter deals with the development of the welfare state in the first three decades after World War II, in which the West German economy ran through a remarkable catching-up process. Economic policy in the new Federal Republic of Germany in that period was decisively shaped and influenced by the ordoliberal ideas of Walter Eucken… Read more »

Am von in der Kategorie Paper, Publication.

Joseph A. Schumpeter’s theory of economic development analyzes how growth and cycle dynamics intertwine. The process of creative destruction plays an essential role in those dynamics: embodying a cleansing effect, it has a clear, beneficial impact on long-run development. For that reason, and also for some of his famous (and provocative) non-interventionist statements, Schumpeter is… Read more »

Am von in der Kategorie Paper, Publication.

Schumpeter has often been interpreted, especially, but not only, by modern economists (such as De Long 1990; Caballero 2008) as a ”liquidationist.” The term does not have a precise definition, but liquidationists are usually considered in the literature as convinced that economic crises are necessary and unavoidable and thus that government noninterventionism in such crises… Read more »