market

May 1, 2016

TTIP: a Pre-mortem

o say that negotiations for an EU-U.S. trade deal, the Transatlantic Trade and Investment Partnership (TTIP), have lost momentum since they kicked off in the summer of 2013 is an understatement. The pact’s slow progress looks set to become the greatest disappointment since Scott Walker’s (remember him?) failed Republican presidential bid.
May 1, 2016

Pricking the Balloon on Eurozone Deflation

As growth rates in the Eurozone gather steam, policymakers’ concerns are increasingly shifting to low inflation. According to Eurostat, consumer prices in the Eurozone have declined by 0.2% in the past year.
April 1, 2016

Prospects for Agricultural Reform in the EU

The Common Agricultural Policy (CAP) is today the EU’s most expensive policy, taking up almost half of the annual budget. It is also its most interventionist and complex policy. Multiple reforms have created a system of decoupled payments to farmers that protect and prolong the life of small-scale farms and constrain large-scale farming and the evolution towards a more efficient industry structure.
February 1, 2016

Regulatory Approaches to the Sharing Economy

The sharing economy is based on reductions in transaction costs which enable exchanges that were previously not possible. Sharing economy firms facilitate a more efficient use of assets, to the benefit of both asset owners and prospective users. Its potential positive impact on welfare has been estimated at over €1,000 per EU citizen.
September 15, 2015

E-cigarettes and Article 20 of the Tobacco Products Directive

From 2016, e-cigarettes will face additional regulation under Article 20 of the EU’s Tobacco Products Directive (TPD). Given that non-smokers have so far shown little interest in e-cigarettes, critics argue that discouraging ‘vaping’ amounts to encouraging smoking and that some of the new regulations will damage health by raising prices and reducing the appeal of products which, if smokers switched to them, would save lives. However, Member States have some latitude in implementing the TPD.
June 1, 2015

Position: Digital Single Market Proposals

The digital revolution is increasingly making barriers to access, trade and innovation obsolete. Remaining obstacles to more efficient exchange of digital goods and services across the EU must be examined in this context. It is very likely that a continued open environment to innovation will be the most effective way to remove whatever barriers still exist. In general, the bias should be against new regulation.
May 1, 2015

La Politique De Concurrence Dans L’économie Numérique

À la lumière des affaires récentes dans le secteur numérique, la politique de concurrence doit changer. Les chiffres portant sur les parts de marché tendent à sous-estimer la prédominance des forces concurrentielles, et les enquêtes récentes de la DG COMP ont systématiquement ignoré la possibilité que des innovations majeures se produisent en dehors du marché concerné.