Due to the minor relevance of search and transaction costs as well as the low costs of price change and market entry, digital markets should come preferably close to the ideal of a perfect competition. For company…
Companies pay taxes on profits and capital. Also, under competitive labour markets for highly skilled employees, companies have to compensate these employees for international differences in labour tax burdens.…
The traditional way of comparing fiscal attractiveness of regions competing with each other internationally is to concentrate on the tax burdens borne by mobile capital and mobile companies. Lately this approach…
Since the start of EMU monetary policy is centralised for the countries of the Euro area. In contrast to that main responsibility for banking supervision remains with the national authorities. This allocation of…
On behalf of the Ministry for the Environment and Transport of the German State Baden-Württemberg, the Centre for European Economic Research (ZEW) and the Institute for Applied Ecology (Öko-Institut) have…