TAILIEUCHUNG - Working for the regions EU Regional Policy 2007-2013

Furthermore, when the two goods are complements pure components equilibrium features higher prots for all the retailers relative to the pure bundling equilibrium. If the retail industry shares prots with the producers of these two goods in some proportional way, none of the producers have incentive to allow bundling as that would make the competition between retailers harsher and will lead to less prot for the industry. Lastly, assembling goods into a bundle is a costly exercise for retailers. These costs can outdo the small benets the bundling brings against randomizing competitors and sustain the pure components equilibrium | January 2008 Contents Foreword. 1 In a nutshell a policy for Europe s regions. 2 Why European regional policy matters. 4 How it works. 6 Who receives how much and for what . 8 Attracting Getting there enhancing Innovating Green light for sustainable A better life in Europe s Investing in Spending it Cooperation without Does it make a difference .26 Controlling taxpayers Telling the story your right to At your Cover GPS Surveying by an Engineering technology centre in Nordlingen Germany. CEC DG REGIO Mike St MaUr Sheil Editor Ana-Paula Laissy European Commission Directorate-General for Regional Policy This magazine is printed on recycled paper. The opinions expressed in this publication are those of the author and do not necessarily reflect the views of the European Commission. Dear Reader Danuta Hubner Member of the European Commission responsible for Regional Policy I would like to invite you to discover the new regional policy of the European Union which builds on the diversity challenges and opportunities of Europe s regions. Today 43 of the economic output and 75 of investments in research and innovation are concentrated on just 14 of the European territory the so-called pentagon between London Hamburg Munich Milan and Paris. Disparities between Europe s regions have significantly deepened with recent enlargements. The wealthiest member state Luxembourg is now seven times richer than the poorest one Romania. At the regional level the difference is even more important. Such a pattern can only be observed in emerging economies like China and India while disparities in the US and Japan are much less significant. European regional policy puts into practice solidarity between the peoples of Europe. Strengthening economic social and territorial cohesion by reducing developmental disparities between its regions is a fundamental objective

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