Archive for category European Single Market
The Quest for Pro-Competitive Regulation in the EU: Who Cares?, by Juan Delgado and Héctor Otero.
The removal of obstacles to competition, especially in highly regulated markets, and the design of procompetitive regulations in response to new market dynamics are essential to mobilize resources and unlock the potential of Europe’s economy. The lack of appropriate policy tools by European institutions and the lack of incentives by national governments, often dominated by vested interests, might prevent the further development of competitive markets in the EU. Increasing governments accountability and consumer awareness on the benefits from competition are ways to make progress in this direction. The empowering of competition authorities to conduct market investigations and to supervise ex-ante the impact of regulations on competition; and the wider use of properly designed public consultation mechanisms provide incentives to governments and legislators to incorporate competition concerns in the regulatory process.
(Earlier version at IESE Business School. Public-Private Sector Research Center. Occasional Paper OP-259-E, Rev. 4/2014).
Op-ed (In Spanish): El segundo dividendo digital y la gestión eficiente del espectro. Competition Policy International, 24 March 2015.
“Under the current uncertainty about future spectrum demand and given the high costs involved by releasing frequencies from broadcasting to mobile broadband, adopting early decisions on the reallocation of the 700 MHz band might not necessarily lead to a more efficient outcome,” concludes Juan Delgado in the article “Reallocating the spectrum: Should we do it?”.
Antitrust Damage Actions in Europe: Race to the Middle? by Juan Delgado.
The complexity of antitrust damage actions in Europe, related to the existence of differences across EU countries in key elements such as the limitation periods, degrees of court expertise and specialization, or even the role of economic analysis, makes necessary the development and harmonization of antitrust damage action procedures across Europe. The op-ed “Antitrust Damage Actions inEurope: Race to the Middle?” by Juan Delgado at the Europe Column of Competition Policy International (CPI) (May 14) focuses on the recently passed European Directive on the rules governing actions for damages (the antitrust damage directive) and its implications.
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
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.
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.
¿Por qué es necesaria la reforma del sector servicios? (Why is it necessary to restructure the services sector?), by Juan Delgado
Cuadernos de Información Económica: Crisis Borrascosas, no. 209, pags. 29-33, marzo/abril 2009.
Europe has made in recent decades a great effort to liberalize its product markets. The flagships of this initiative were the Single Market Program launched in the eighties with the aim of eliminating barriers to free movement of capital, people, goods and services, and the recent Services Directive focussed in the liberalization of services. Despite these initiatives, the growth of EU economies, and in particular, the contribution of the services sector, has been generally lower than in the US. In the last decade, productivity in the US has grown faster than in the EU, mainly driven by the productivity of the services industry.
In Spain, productivity barely increased in the last decade and the services sector contribution to productivity growth has been close to nothing. The reform of the services industy in order to remove barriers to entry and restrictions that prevent its proper functioning is necessary to improve the competitiveness of the Spanish economy.
Obstáculos a un mercado europeo de electricidad: el conflicto entre liberalización, seguridad de suministro y libertad de control corporativo (Obstacles to a European power market: the conflict between liberalisation, security of supply and freedom of corporate control), by Paulina Beato and Juan Delgado
Published in Tratado de Regulación del Sector Eléctrico (F. Becker, L. M. Cazorla Prieto, J. Martínez Simancas and J. M. Sala Arquer, eds.). Aranzadi. December 2008
In the last two decades there has been substantial progress in the creation of a European single market and currency area. The process of creating a single market has been uneven in different industries. Power markets are an example of low integration. One of the obstacles to integration is the national character of security of supply policies. This chapter advocates for a “europeanisation” of security of supply policies in order to promote cross-border competition and facilitate the creation of a true European power market.