Archive for category 1. Topics

The role of market definition in competition and regulation

Beyond reference markets: rethinking electronic communications regulation, by Juan Delgado

Published in  “Regulatory and Economic Policy in Telecommunications” (No. 8 April 13)

A decade ago, electronic communications regulation was redesigned in Europe incorporating competition law principles. However, while European competition law has evolved from a form-based approach to an impact-based approach, electronic communications regulation remains mostly based on market definition and structural market indicators. The regulatory design should be driven by its impact on welfare balancing the costs and benefits of regulation. A new regulatory approach focused on increasing consumer welfare through the identification of bottlenecks and the promotion of competition and innovation is key to develop the endless possibilities of the electronic communications industry.

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Renewable energies: The whys and the why-nots

Energías Renovables: Por Qué Sí y Por Qué No (Renewable Energies: The whys and the why-nots), by Juan Delgado.

PAPELES DE ECONOMÍA ESPAÑOLA. El sector energético español; (2013), nº 134

Portada publicación

Renewable energies are meant to play a leading role in climate policies. All EU member states have put in place policies to promote renewable energies. However, the multiplicity of objectives and the poor design of such mechanisms have limited their impact on reducing greenhouse gas emissions. For a proper design of renewables policies, we first need to identify the market failure we are trying to solve. In the case of renewables, greenhouse gas emissions are the «big failure» and technology externalities help to solve such failure.

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Towards a sustainable power sector

Hacia un sector eléctrico sostenible (Towards a sustainable power sector), by Juan Delgado.

ZOOM ECONÓMICO

The Spanish government approved on September 14th a partial reform of the power sector. Juan Delgado analyses the terms of the reform and establishes the main ingredients a true power sector reform should contain, i.e., the promotion of market mechanisms, a long-term de-carbonization agenda and the implementation of market mechanisms to guarantee supply.

A shorter version is posted at the Fundación Alternativas Blog

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Regulators’ reform: how many and how

La reforma de los reguladores: importa más el cómo que el cuántos (The reform of the regulatory agencies in Spain: It’s more important how than how many), by Juan Delgado, Julio García Cobos and Antón García Díaz.

Expansión

The Spanish government has announced an ambitious plan to reform the regulatory agencies. J. Delgado, J. García Cobos and A. García Díaz discuss on the necessary ingredients of such reform: effectiveness, professionalism, independence and transparency.

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Effective and independent regulators

La reforma de los Organismos de Regulación (I): Los límites a la integración (The reform of the regulatory agencies in Spain (I): Limits to integration).

La reforma de los Organismos de Regulación (II): Mejoras en la gobernanza (The reform of the regulatory agencies in Spain (and II): Improving governance).

By Juan Delgado, Julio García Cobos and Antón García Díaz.

Nada es Gratis, un blog de economía casi siempre en español.

Regulatory and antitrust agencies must be independent and effective. What is the best configuration to guarantee such independence and effectiveness? In a series of posts, J. Delgado, J. García Cobos and A. García Díaz discuss alternative options to improve the institutional quality of regulation in Spain.

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The future of energy

La energía del futuro se decide hoy (The energy of the future should be decided now), by Paulina Beato and Juan Delgado.

EL PAÍS

The global energy landscape has changed dramatically in the last year due mainly to two events: the Fukushima accident and the discovery of new and abundant gas reserves. The challenges for the energy policy remain: securing energy supply in a competitive and environmentally sustainable way, but the path to meet them has changed. The strategy to meet these challenges should be implemented now.

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Consumers and energy

¿Por qué el consumidor no quiere elegir suministrador de energía? (Why do consumers not choose energy provider?), by Paulina Beato and Juan Delgado

Nada es Gratis, un blog de economía casi siempre en español.

Consumers have the possibility to choose their energy provider in Spain. However, consumers do not switch. The limited benefits from switching provider and the poor design of the regulatory setup are the cause of such behaviour.

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Claiming damages from antitrust infringements

Economic evidence in private-enforcement competition law in Spain, by Juan Delgado and Eduardo Pérez Asenjo

Published in European Competition Law Review , Issue 10, 2011

The legal framework in place, the emerging court decisions and the initiatives taken at European level seem to open new perspectives for private antitrust litigation in Spain. This article reviews the increasing role of the economic evidence in the quantification of damages in private enforcement cases in Spain.

Read the rest of this entry »

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Are we bothered by competition?

¿Cuánto nos interesa la competencia? (How much are we bothered by competition?), by Juan Delgado and Andrés Gago

Nada es Gratis, un blog de economía casi siempre en español.

Antitrust authorities wonder how to measure the impact of their actions with the aim of improving their effectiveness. Simple measures can help.

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National champions in times of crisis

Política de Competencia, Política Industrial y Campeones Nacionales en Tiempos de Crisis (Competition Policy, Industrial Policy and National Champions in Times of Crisis), by Juan Delgado and Eva Ferraz

Published in El Derecho de la Competencia en Tiempos de Crisis (S. Martínez Lage and A. Petitbò, eds). Fundación Rafael del Pino y Marcial Pons. Colección Derecho no 34, 2010

The economic crisis has revived the debate on public policies to support the so-called “national champions”. There are multiple examples in which different governments have been accused of protecting domestic firms against a variety of potential risks. This chapter reviews the (in)efficiency of various public interventions aiming to protect specific firms and industries. The chapter advocates for a pro-competitive industrial policy compatible with antitrust rules.

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