September 14, 2022

Why Demand-side Support Trumps Energy Price Caps

Imagine you buy 10 cans of beer every week, at a price of €2.50 each. Due to a shortage of hops, the price of a can of beer now soars to €5 per can. This means that if you carried on drinking 10 cans of beer per week, your total beer budget would have to rise from €25 to €50.
June 1, 2022

Setting the Parameters for a New Tobacco Products Directive

The European Commission is asking for feedback on its Tobacco Products Directive (TPD). The call for evidence closes on 17 June 2022 and is intended to ‘assess to what extent the framework has fulfilled its goals and whether it is able to support a “Tobacco-Free Generation” by 2040’. A new TPD is likely to be proposed and brought into law in the next few years.
February 25, 2022

When Market Failure Attracts Rent-seekers

Market failures are not simply outcomes you do not like. They are institutional inefficiencies such as externalities (where a proportion of the cost or benefit of an activity is incurred by someone other than the person engaged in it).

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EPICENTER publications and contributions from our member think tanks are designed to promote the discussion of economic issues and the role of markets in solving economic and social problems. As with all EPICENTER publications, the views expressed here are those of the author and not EPICENTER or its member think tanks (which have no corporate view).

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EPICENTER publications and contributions from our member think tanks are designed to promote the discussion of economic issues and the role of markets in solving economic and social problems. As with all EPICENTER publications, the views expressed here are those of the author and not EPICENTER or its member think tanks (which have no corporate view).