The run-up to the Economic and Monetary Union (EMU) of the EU has been dominated by tension between a big aspiration and a big concern. The aspiration was that a common currency would reinvigorate the single…
This paper attempts to shed light on the pricing behaviour of firms or sellers in market places with price competition. In particular, it aims at testing the mechanism that lies at the heart of one of the most…
Today, more than 70% of the world’s total electricity production is supplied by power plants using conventional fossil fuels. Coal accounts for more than half of the fossil fuel combustion in electricity plants.…
Labor market integration of immigrants provides a difficulty in many countries. As a consequence, immigrants are substantially overrepresented in welfare systems. Despite forming a substantial share of all…
