Archive for category World economy
Market Structure, Growth and Competition in the Supermarket Sector in Latin America, by Juan Delgado. Background note for Session III of the 13th meeting of the OECD-IDB Latin American Competition Forum on 23-24 September 2015 in Jamaica. September 2015.
Op-ed: Competition in the Supermarket Sector in Latin America. Competition Policy International. Latin America Column. 26 October 2015.
Supermarkets play a limited but increasingly important role in Latin-America groceries retail markets. Traditional grocery retailers still play a substantial role in most Latin American countries and the penetration of supermarkets is still behind the developed countries. Paradoxically, within the supermarkets sector, concentration is high and a small number of large players are present in several countries. As personal income increases, the size of the middle class grows and the logistics and transport infrastructure develops, supermarkets are expected to expand further becoming the main gatekeeper for most grocery products. As supermarkets penetration increases, there is generally a process of transfer of market power from manufacturers and producers to retailers. In Latin America, producers and manufacturers still have substantial market power (and, consequently, bargaining power) in several product markets. However, recent cases and commercial practices show that such bargaining power is eroding in favour of large supermarket chains, changing the competitive dynamics of retail markets.
Interactions Between Climate Policies in the Power Sector, by Paulina Beato and Juan Delgado
Published in “Green Energy and Efficiency: An Economic Perspective“. A. Ansuátegi, J. Delgado and I. Galarraga (eds.). Ed. Springer, 2014.
For the purpose of limiting global temperature increases, governments have designed a broad range of policy instruments in order to reduce carbon emissions such as carbon taxes, carbon markets and renewable energy support policies. Although such instruments aim to serve the same purpose, they are rarely fine-tuned to guarantee their consistency. Carbon markets are in theory the most efficient instrument to reduce emissions. The use of other instruments is justified under the presence of circumstances that undermine the effectiveness of carbon markets such as market design flaws or innovation externalities. In such cases, the optimal climate policy mix should be carefully designed to take into account the potential interactions between policy instruments.
Green Energy and Efficiency: An Economic Perspective. A. Ansuátegi, J. Delgado and I. Galarraga (eds.). Ed. Springer, 2014.
Energy efficiency technologies represent a key driver for the reduction of energy demand through a more efficient use of energy. The progressive switch to green sources of energy allows using the same amount of energy while reducing carbon emissions. The combination of measures to increase the efficient use of energy and to switch to cleaner sources of energy allows reducing energy demand and reducing the emissions per unit of energy produced. Energy efficiency and the development of alternative sources of clean energy are key elements for the attainment of global climate objectives. The cost and effectiveness of efficiency measures and of the transition to a greener energy world is not however absent of controversy.
This book presents up-to-date research on the economics of green energy and energy efficiency from a variety of perspectives, from a general overview of the economics of green energy and efficiency to the detailed analysis of specific policies and investment decisions.
Reflexiones sobre la Iniciativa de Ley de Competencia Económica (Comments on the Proposed Mexican Antitrust Bill), by Juan Delgado
The paper comments on the Proposal for a New Mexican Antitrust Law and compares it with the European Antitrust Legal Framework.
La energía del futuro se decide hoy (The energy of the future should be decided now), by Paulina Beato and Juan Delgado.
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.
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.
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.