Archive for category Short papers and policy notes

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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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.

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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.

tgae-pIn 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.

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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.

pb200806-food-equationThis 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.

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The end of the housing bubble

A tail of two countries, by Alan Ahearne, Juan Delgado and Jakob von Weizsäcker.

Bruegel Policy Brief. www.bruegel.org. Issue 2008/04, 2008.

pb200804-cover_publication_main-housingThe outlook for two of the euro area’s best performing economies to date, Ireland and Spain, has darkened dramatically recently amid severe downturns in housing markets. What do these countries’ experiences tell us about the functioning of EMU? Bruegel’s new policy brief ‘A Tail of Two Countries’ examines the behaviour of housing markets in Ireland and Spain during EMU and considers what features and policies may have facilitated the overheating of housing markets in these countries. It also discusses the role of large migration flows in spurring growth in housing.

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Climate change and the competitiveness of Europe

Why Europe is not carbon competitive, by Juan Delgado

Bruegel Policy Brief. www.bruegel.org. Issue 2007/04, 2007.

pb200705_carbon-compe-coverContrary to what is generally pictured, this policy brief shows that when considering the export mix, Europe is more vulnerable to carbon pricing schemes than other countries and regions. Europe specialises more than its main global competitors in industries with relatively high carbon emissions, such as minerals and chemicals, rather than in high-tech industries and services. This would have a real effect on Europe’s competitiveness in a world regulated by carbon pricing schemes such as the EU’s Emissions Trading Scheme – even if other blocs apply them as the EU does.

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The cost of fighting climate change

EU Climate Policies: Dividing up the Commons, by Juan Delgado.

Note presented to the Economic Policy Committee of the ECOFIN on 30 August 2007 (published in Eyes on Europe, Issue 7, November – April 2008).

pc200708_cover_dividing-up-the-commonsJuan Delgado discusses the economic impact of climate change polices. The EU has committed to an ambitious climate change agenda. The challenge facing Europe now is how to meet the targets at a minimum cost and how to allocate the cost in such a way that it has a neutral impact on competitiveness. This note was presented in August 2007 to the Economic Policy Committee of the EU.

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