European Union

October 17, 2019

Predatory Pricing or Predatory Laws?

The European Commission has fined in July telecommunications multinational Qualcomm with €242 million as it condemns them for selling chipsets “below cost” and therefore espousing predatory pricing mechanisms with the intention of eliminating Icera, a competitor. In fact, between 2009 and 2011,
October 8, 2019

The Thunberg Phenomenon, Extinction Rebellion, and the Denial of Trade-offs

When it comes to environmental problems in general and global warming in particular, I empathise with those who take the issue seriously. I like nature and I am risk averse. However, I tend to disagree with most campaigners on their policy conclusions which are frequently dangerous, at best.
July 27, 2017

Tax Freedom Day 2017

The purpose of this study is to compare the tax and social security burdens of individual employees earning typical salaries in each of the 28 member states of the European Union and, in doing so, to determine a “tax liberation day” — measuring how much of each year’s work is devoted to paying taxes — for workers in each country.
June 1, 2017

Platform for Debate

Platform businesses bring together distinct but interdependent sets of users in such a way as to improve the welfare of each side of the market. Their central value proposition is the reduction of transaction costs, which increases the number of viable exchanges in the market.