International Tax and Public Finance has published a paper by Riemer Faber and Pierre Koning in which they develop a methodology to estimate the indirect costs of spending a conditional block grant. They estimate that Dutch municipalities have to add about 90 cents from their own resources to spend 1 euro of a grant for welfare-to-work programs. To read more, click here.
The Role of Uncertainty in the Future European Horizontal Merger Guidelines: Lessons Learned From Illumina/GRAIL
Under these circumstances, it is however not entirely clear how the future competitive landscape will look like, merger effects cannot be modelled with a high...