Suchergebnisse

The focal point of this paper is the study of the process of emergence of novel institutions and the identification of factors that may influence the outcome of this process. We view inst accepted sets of rules that influence We consider regulations as endogenously emerging institutions that evolve in accordance to other socioeconomic factors and analyze the regulatory process at each of its stages adopting an evolutionary approach. Evidence shows that the regulatory process resembles the innovation process as it can be viewed as a process of knowledge accumulation and transmission that is facilitate empirically contextualized in the European political system, the detergents industry and specific regulations formed at European level. Data is drawn by secondary resour of public and private stakeholders participating in the process

The increasing popularity and presence of cryptocurrencies challenge regulators in providing adequate policy tools to handle the borderless, decentralized virtual assets. This paper examines the impact of EU regulatory announcements on Bitcoin trading through an event study on a unique data set. A bnormaltrading volumes of Bitcoin following key regulatory announcement are analyzed and show statistically significant impact on trading activity. The impact depends on the crypto-fiat currency pair and is observed to decrease BTC/EUR trading, while the opposite is detectable for BTC/USD. These results suggest that crypto currencies rely on centralized, regulated financial intermediaries, which bring them within reach of regulation

This highly unique book focuses on market design issues common to most EU gas markets, particularly in the context of closer integration. It explores in detail the characteristics and requirements of national gas markets in Europe which are constructed as virtual hubs based on entry/exit schemes as a requirement of European law. The expert contributors analyse gas supply and demand patterns in the EU, showing that both have changed following the introduction of liquefied natural gas on the supply side and the growth of gas-fired power plants on the demand side. The repeated interactions betwee

Invasive alien species (IAS) constitute a trans- and intracontinental challenge. With this article, we exemplify obstacles met during the implementation of the Regulation (EU) No. 1143/2014 against IAS and comparatively assess them through two case studies from two Member States, Austria and Romania, via qualitative content analysis. Challenges are identified, analyzed, and discussed based on interviews with stakeholders from both countries in the view of the three main intervention types within this Regulation: prevention, early detection, and rapid eradication and management. The obstacles, which the two Member States met, are related to creating, updating, and maintaining the Union List and to the distribution of competences, which influence the national and subnational cooperation and coordination. Financial resources, custom controls, national legislation, and awareness influence the implementation of the IAS Regulation too. This research contributes to improving knowledge about numerous details of the implementation and enforcement of this IAS-Regulation to make them more feasible, not just for scientists, but also for decision- and policymakers, business owners, and other stakeholders.

The recent adoption by the European Parliament of the Digital Services Act means that, when it comes into effect, it will formally introduce into EU law the term 'online platforms'. In effect, between the Digital Services Act and the Digital Markets Act, a comprehensive framework for the regulation of online platforms is being introduced into EU law, the first of its kind both in Europe and internationally. However, European regulatory innovation invites a different viewpoint: Could states be considered platforms? What if this new regulatory framework was applied to states themselves? This article first outlines the regulations on online platforms in EU law. Then it discusses the role of states as information brokers in order to support its main argument, that states can be viewed as (online) platforms. A discussion of the consequences of such a conclusion is included in the final part of this analysis.

How far and under what conditions may experimentalist governance be an efficient and legitimate means of responding to diversity among EU member states, in comparison to both conventional uniform regulation and differentiated integration? By comparing two major domains where the challenge of integrating national diversity has arisen prominently, electricity and banking, we find that under conditions of high interdependence and high uncertainty, diachronic experimentalism may be a necessary condition for synchronic uniformity. Uniform rules can be accepted as efficient and legitimate by member states, provided that they are regularly revised based on implementation experience through deliberative review processes in which national officials themselves participate. Our findings on EU banking regulation further suggest that experimentalist governance and differentiated integration may also be complementary, but asymmetrically so, in that the latter depends on the former to accommodate diversity within and across member states, but not vice versa.

This paper explores the role of regulation and legislation on influencing the development and diffusion of technologies and methods of crop production. To do this, the change in pesticide registration under European Regulation 1107/2009 'Placing Plant Protection Products on the Market' was followed through the UK's agricultural system of innovation. Fieldwork included: a series of interviews conducted with scientists, agronomists and industry organisations; a programme of visiting agricultural events; as well as sending an electronic survey to British potato growers. The innovation system is noted to have made the legislation less restrictive than originally proposed. The most notable system response to the legislation is the adjustment of agrochemical company pesticide discovery strategy and their expansion into biologically derived treatments.There have also been other innovation responses: agricultural seed companies have been breeding in pathogen resistance in their cultivars; agricultural consultancies are prepared to recommend pathogen-resistant seeds; scientists are using the change as justification for adopting their solutions; the agricultural levy boards funded research into off-label pesticide uses;and producers, potato growers in particular, have been seeking advice, but not changing their growing practices.