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The European legislation on the new media: An appropriate framework for the information economy?

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  • Wenzel, Dirk

Abstract

This paper analyzes the legal framework for telecommunications and the new media in the European Union. Based on an institutional economics model, the different levels of institutional interaction within the EU media regulation are explored. Compared to the US, the European market seems to possess comparable human resources and technical infrastructure. And even though the EU's regulation philosophy is less market-friendly in the field of digital media, the overall performance of the legal framework is quite satisfactory. The reason for the relative smaller impact of IT investment for economic growth in Europe can be found in the less market-oriented institutions in the surrounding business environment and strong restrictions on the labor markets.

Suggested Citation

  • Wenzel, Dirk, 2004. "The European legislation on the new media: An appropriate framework for the information economy?," Beiträge der Hochschule Pforzheim 115, Pforzheim University.
    • Handle: RePEc:zbw:pfobei:115
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    Cited by:

    1. Gildeggen, Rainer & Willburger, Andreas, 2016. "What constitutes a compensation free regulation of foreign-owned property in international law? Some thoughts on the protection of foreign investment against expropriations, the states' right to regul," Beiträge der Hochschule Pforzheim 160, Pforzheim University.
    2. Möller, Klaus & Gairing, Fritz & Mezger, Daniel & Jehnichen, Thomas, 2020. "Design of training processes in manual order picking," Beiträge der Hochschule Pforzheim 175, Pforzheim University.
    3. van der Burg, Tsjalle, 2022. "Competitive balance and demand for football: A review of the literature," Beiträge der Hochschule Pforzheim 179, Pforzheim University.
    4. Leroch, Martin Alois, 2022. "Moral institutions and evolution: In search of equilibria," Beiträge der Hochschule Pforzheim 176, Pforzheim University.

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