For Piketty there are two laws of capitalism and one fundamental inequality which, taken together, drive us towards a world of increasing inequality. For what is left of the twenty-first century he foresees a less meritocratic society with an enhanced role for inherited wealth. In this article I...

Since a long time price elasticities of demand form part of the standard toolkit of competition analysis. It is an economic concept measuring the responsiveness of the demand for different goods and services to changes in their prices and is widely used in market definition exercises and...

Early 2012 the OECD released a Review on Telecommunications Policy and Regulation in Mexico, which was heavily criticized by a few consultants of Mexico’s incumbent telephone companies. The OECD answered the objections only formally, arguing that the study was performed according to...

According to the Review of Telecommunication Policy and Regulation in Mexico published by the OECD in January 2012, the performance of the Mexican telecommunications industry in terms of prices and penetration has been poor in comparison with other OECD countries. This would have led to a...

This is a ready-to-read version of my previous paper ‘Deciphering the Two-Sided Market Model of Rochet and Tirole’. It blows away the smokescreen of logical disorder, incoherent language and mathematical sophistication of the original article by rephrasing the model in clear language,...