Archive for category Books, chapters and reports

Joining Forces to Fight Cartels

Integrating Regulatory and Antitrust Powers: Implications for the Fight Against Cartels” by Juan Delgado and Elisa Mariscal

Published in The Fight against Hard Core Cartels in Europe: Trends, Challenges and Best International Practices (José María Beneyto and Jerónimo Maillo, eds.). Bruylant, 2016.

There are a wide variety of possible structures and institutions for regulatory and antitrust enforcers. This chapter focuses on the analysis of multi-purpose regulators that combine regulatory and antitrust powers, such as the Mexican IFT and Cofece, as well as the Spanish CNMC. We focus on the analysis of how institutional design affects the fight against cartels. The goal of the chapter is to look for evidence on whether some institutional designs are more effective to fight against cartels and to identify which institutional factors are determinant to improve such effectiveness.

Leave a comment

Competition in the Supermarket Sector in Latin America

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.

Leave a comment

Power Markets Design

Diseño de Mercados Eléctricos (Power Market Design), by Juan Delgado

Published in “Tecnología, Economía y Regulación en el Sector Energético”. C. Aranzadi and C. López,  (eds.). Academia Europea de Ciencias y Artes/European Academy of Sciences and Arts, 2015.

Starting in the late 80s , the power sector has evolved from a vertically integrated structure, controlled by heavily regulated monopolists, to an unbundled scheme combining liberalized and regulated activities. Given the physical characteristics of electricity, markets do not arise naturally. The creation of power markets relies heavily on the design of the institutional framework and, in particular, the design of (wholesale and retail) markets, the regulation of access to networks and the nature and functions of the system operator. There is not a unique optimal market design. The solutions adopted in different countries differ in several dimensions such as the degree of centralization of wholesale markets, the role of the system operator and the ability of consumers to choose their supplier. These dimensions determine different wholesale and retail electricity market designs .

Leave a comment

The Economics of Green Energy and Efficiency

Green Energy and Efficiency: An Economic Perspective. A. Ansuátegi, J. Delgado and I. Galarraga (eds.). Ed. Springer, 2014.

9783319036328Energy 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.

Leave a comment

Comments on the Proposal for a New Mexican Antitrust Bill

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.

Leave a comment

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.

Leave a comment

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.

Read the rest of this entry »

Leave a comment