The 1990s witnessed significant regulatory changes in several Spanish network industries such as electricity, telecommunications, natural gas and oil. This article provides an assessment of these developments, trying to ascertain what goals policy-makers attempted to achieve with the...

This paper presents new data on telecommunications reform for a cross section of countries. We measure telecommunications reform along two dimensions: entry barriers and regulatory independence. This data set is combined with a comprehensive set of performance, institutional and political data...

This paper analyzes the impact of deregulation and market integration policies on the structure of European banking markets. It argues that whether European integration will lead to large increases in EU-wide concentration will depend on the extent to which competition in banking is based on...

This paper presents new data, in the form of four indices, on liberalization policies and the independence of regulators for a cross-section of countries. These indices are combined with a comprehensive set of performance, institutional and political data to analyze both the determinants and the...

In the EU, competition policy is based on three main pillars: antitrust, merger control and monitoring state aid. Our analysis focuses on antitrust policy. In this context, the Commission is concerned about restrictive agreements and practices that imply an abuse of market power. The objective...

This paper provides a critical analysis of some of the key features of merger policy as understood and practiced in leading jurisdictions such as the European Community and the United States. It focuses first on a discussion of the gradual move of merger policy towards the examination of...

Este documento efectúa una evaluación del cambio regulatorio que ha tenido lugar en el sector de las telecomunicaciones en España. La tesis principal es que la política de liberalización se ha basado en la entrada controlada de nuevos operadores en el sector. Aunque este modelo de...

Market definition for antitrust purposes is by now firmly rooted in economic analysis both in the US and the EU, even if the approaches are slightly different. This paper examines the theoretical basis for the legal definitions and assesses whether the general principles need to be adapted when...

El objetivo de este artículo es evaluar la competitividad de los distintos sectores que componen la industria manufacturera española. Para ello, y a partir de una definición concreta de competitividad sectorial en la industria, se presentan y analizan una serie de indicadores sobre los...

The goal of this paper is to provide an assessment of the EU policies that pursue the creation of a single banking market. The paper evaluates the degree of integration of EU banking markets, the impact of the integration process on the conduct, the structure and the performance of the industry...