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.

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.

Private damages in antitrust

Economic evidence and the quantification of damages in competition cases in Spain, by Juan Delgado and Eduardo Pérez Asenjo.

Oxera Agenda, June 2010

Recent court decisions offer new perspectives on private antitrust litigation in Spain. Although case law is currently limited, the variety of cases highlights the possibilities of private enforcement both as substitute and complement to public enforcement. Juan Delgado, Chief Economist at the Spanish competition authority (Comisión Nacional de la Competencia), and Eduardo Pérez Asenjo of the Chief Economist Team, present an overview of private enforcement cases in Spain, focusing on the methodology used to quantify damages and the role of competition authorities in this process.

Life after Copenhagen

Beyond Copenhagen: A climate policymaker’s handbook, by Juan Delgado and Stephen Gardner (eds.)

It is still unclear what a post-Kyoto international regime to tackle climate change will look like. Negotiations on a post-2012 framework are revisiting questions that arose when the Kyoto Protocol was put in place – such as how targets can best be shared out, and how the different interests of rich and poor countries can be addressed – but policymakers must also face new realities. Scientific evidence shows that the climate policies formulated so far are unfit to deal with the magnitude of the challenge.

The state of EU integration

Home Bias and Market Integration in the EU, by Narcissa Balta and Juan Delgado

CESIFO Economic Studies, (2009); vol. 55(1), pp. 110-144.

The Single Market has been one of the core policies of the European Union. Twenty years after the launch of the Single Market Programme national borders still matter in Europe and consumption baskets and investment portfolios of EU countries still contain a predominant share of home products and equity. This article evaluates the success of integration policies in the European Union by assessing the magnitude and evolution of home bias across Europe in goods and services markets and in equity portfolio holdings. There are large differences in the degree of home bias across European countries. More worrisome is the home bias in goods and services that has barely changed in recent years. This might indicate that traditional integration policies are no longer effective and need to be transformed to continue delivering.

Europe and the food crisis

Qu’ils mangent de la brioche: Europe and the eclipsed food crisis, by Juan Delgado and Indhira Santos

VOX. Research-based policy analysis and commentary from leading economists

The financial crisis has turned attention away from the food crisis. Low- and middle-income countries face significant challenges, and this column proposes EU policy changes that could help.

How to reduce the cost of climate change policies

Reducing the climate change bill, by Juan Delgado

Published in THINK GLOBAL, ACT EUROPEAN: Report for the forthcoming French-Czech-Swedish EU Presidencies. T. Padoa-Schioppa y J-C Paye, eds., 2008.

In this paper for the Think Global Act European project Juan Delgado argues that early, effective and cost-efficient policies are crucial to achieving the objective of keeping future temperature changes below two degrees celsius. He calls for a concentration of efforts in two areas: a functioning carbon market and a broad post-Kyoto international agreement.

The G8 and the food crisis

La tenue respuesta del G8 ante la crisis alimentaria

The non-response of the G8 to the food crisis

La Vanguardia

Juan Delgado and Indhira Santos argue that although the right issues are on the G8 table, what it is still lacking, after one year of continuously increasing prices, is comprehensive action: the G8 leaders‘ statement on food security lacks a clear plan in the first two policy areas -trade and aid- and remains vague in the field of biofuels.

The latent food crisis

The new food equation: do EU policies add up?, by Juan Delgado and Indhira Santos

Bruegel Policy Brief. www.bruegel.org. Issue 2008/06, 2008.

This policy brief looks at how EU policies should be adjusted to the higher food prices. The brief makes three policy recommendations: Innovation in biofuels should be encouraged but biofuels targets should be abandoned as they are expensive and distort agricultural and energy markets. Freer trade is needed for both efficiency and food security reasons. But more open markets will further increase the price of food for importing countries. An immediate and sustained aid increase should therefore be agreed.

An EU energy market?

European Energy Markets: Moving in a Common Direction?, by Juan Delgado

Published in Commodities, Energy and Finance. Morten Balling, Ernest Gnan and Mar Gudmundsson, eds., June 2008. SUERF Studies.

In this paper for SUERF / OeNB Workshop on “Commodities, Energy and Finance” Juan Delgado outlines the main obstacles to integration of EU energy markets and analyses the potential impact on market integration of the new legislation recently proposed by the European Commission in the fields of energy and climate change.