The business year 2017 saw a critical decision being made with respect to the future trajectory of the Centre for European Economic Research (ZEW) in Mannheim. The institute may now embark on a strategic expansion into a competence centre for market and institutional design. “To get approval for this new plan was a considerable achievement of the entire institute. Both the Leibniz Association and the German Council of Science and Humanities have voiced their support for our proposal to expand ZEW’s research agenda from 2019 onwards to include the study of the design of effective markets and institutions,” explains ZEW President Professor Achim Wambach.