Search results for " MARKET FAILURE"
showing 3 items of 3 documents
STATE AID POLICY BETWEEN COMPETITION AND ECONOMIC GROWTH: THE IMPACT OF STATE AID TO R&D ON GDP IN THE EU MEMBER STATES
2012
The paper focuses on the analysis of the relationship between state aid to R&D and economic growth, measured by GDP level, providing empirical evidence of a correlation between these variables. Using a methodology which combines the regression technique and Granger causality, we found that GDP represents a significant causal determinant of state aid, while the correlation the variables considered is positive and statistically significant, suggesting that, in spite of disparities between Member States, government support through state aid to R&D has evolved from maintaining undistorted competition to the possibility to act as an incentive for the economic growth in the EU.
The Protection of the Weaker Parties in the Platform Economy
2018
Known by many names – platform, sharing, peer-to-peer (p2p), collaborative economy, and so on - entirely new business models have emerged in recent years, whereby online platforms use digital technologies to connect distinct groups of users in order to facilitate transactions for the exchange of assets and services. This dramatic shift in business organisation and market structure has opened an intense debate on the persisting need for those regulatory measures that typically protect the weaker party in bilateral business-to-consumer transactions. Widespread calls for a more “levelled playing field” makes a strong argument for reconsidering the scope of regulation and delegating regulatory …
Reputazione, fiducia e mercati
2016
In the last years ex ante monitoring tools based on digital “reputation” are developing very fast gaining a crucial role in in global markets. Based on technologies that enable information about individuals’ actions and reputations to circulate within a specific context, these systems help building trust by diminishing asymmetric information. Since they create rewards and sanctions, reputational systems significantly improve decision-making by consumers and help developing well-functioning markets, lessening the need for regulatory oversight, but also generate new problems and challenges. Manipulation and gaming may provide less than accurate information, resulting in reputational harms, ge…