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Seminar: Competition policy and consumer outcomes - Assessing the impact of mobile consolidation on innovation and quality (Mandatory for MW students)

Seminar: Competition policy and consumer outcomes - Assessing the impact of mobile consolidation on innovation and quality (Mandatory for MW students)

Invited Research Seminar

Competition policy and consumer outcomes - Assessing the impact of mobile consolidation on innovation and quality

By Xavier Pedrós  

Host: Miquel Oliver

Abstract

Competition authorities are required to assess mergers by looking at the likely effects of these on consumer outcomes. These include a range of characteristics that are important to consumers, such as price, quality and innovation. In practice, however, significant emphasis is put on (often short-term) prices, using tests that can easily trigger competition concerns in investment-intensive industries. Meanwhile, dynamic efficiencies and their possible effects on the quality of mobile services have often faced a strong burden of proof.

This seminar presents the relationship between market structure and consumer outcomes, focusing on the mechanisms by which a more concentrated market can deliver better quality and innovation outcomes. This seminar particularly presents an ex-post assessment of the impact of the 2012 Hutchison/Orange merger on innovation and quality. Using data on 4G networks rollout, download and upload speeds, this work shows that mobile mergers can induce significant dynamic efficiencies and realise direct benefits to consumers. This has relevant implications for competition policy and how quality aspects and efficiencies are taken into account.

Biography

Xavier Pedrós is Economist at GSMA Intelligence. GSMA Intelligence is the analysis and research arm of GSMA, an international organization of mobile operators. Xavier has carried out research in the area of competition and regulatory economics, with a focus on the impact of market structure and competition in mobile markets. He has co-authored a recently published assessment of the impact of mobile mergers on quality and innovation. He has also produced research in the areas of fiscal policy in mobile markets and assessments of the economic impact of mobile telecommunications. Xavier holds a bachelor degree in Political Science at Pompeu Fabra University and a Master´s degree on Economics, with a focus on Industrial Organization and Finance, at Université Catholique de Louvain-la-Neuve.

08.11.2017

 

Invited Research Seminar

Competition policy and consumer outcomes - Assessing the impact of mobile consolidation on innovation and quality

By Xavier Pedrós  

Host: Miquel Oliver

Abstract

Competition authorities are required to assess mergers by looking at the likely effects of these on consumer outcomes. These include a range of characteristics that are important to consumers, such as price, quality and innovation. In practice, however, significant emphasis is put on (often short-term) prices, using tests that can easily trigger competition concerns in investment-intensive industries. Meanwhile, dynamic efficiencies and their possible effects on the quality of mobile services have often faced a strong burden of proof.

This seminar presents the relationship between market structure and consumer outcomes, focusing on the mechanisms by which a more concentrated market can deliver better quality and innovation outcomes. This seminar particularly presents an ex-post assessment of the impact of the 2012 Hutchison/Orange merger on innovation and quality. Using data on 4G networks rollout, download and upload speeds, this work shows that mobile mergers can induce significant dynamic efficiencies and realise direct benefits to consumers. This has relevant implications for competition policy and how quality aspects and efficiencies are taken into account.

Biography

Xavier Pedrós is Economist at GSMA Intelligence. GSMA Intelligence is the analysis and research arm of GSMA, an international organization of mobile operators. Xavier has carried out research in the area of competition and regulatory economics, with a focus on the impact of market structure and competition in mobile markets. He has co-authored a recently published assessment of the impact of mobile mergers on quality and innovation. He has also produced research in the areas of fiscal policy in mobile markets and assessments of the economic impact of mobile telecommunications. Xavier holds a bachelor degree in Political Science at Pompeu Fabra University and a Master´s degree on Economics, with a focus on Industrial Organization and Finance, at Université Catholique de Louvain-la-Neuve.

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