Public-Private Sector Research Center Report 2008-2009 › ... › 2 › 2018 › 11 › PPSRC-08-09.pdf · Public-Private Sector Research Center • 3 1. LETTER FROM THE DIRECTOR

Public-Private Sector Research Center

Report 2008-2009

Public-Private Sector Research Center

Report 2008-2009

With the support of:

And in conjunction with:

© Public-Private Sector Research Center, IESE

To request copies, please contact:

Public-Private Research [email protected]/ d'Arnus i de Garí, 3-708034 BarcelonaTel.: +34 93 253 42 00Fax: +34 93 253 43 43

www.iese.edu/sp-sp

Public-Private Sector Research Center • 1

CONTENTS

1. LETTER FROM THE DIRECTOR.................................................................................................................................. 3

2. PRESENTATION ..................................................................................................................................................... 5

• Mission ........................................................................................................................................................ 5

• Goals ........................................................................................................................................................... 5

• Organization ................................................................................................................................................ 5

• Sponsors .....................................................................................................................................................6

3. RESEARCH ........................................................................................................................................................... 7

• Researchteam ............................................................................................................................................. 7

• Researchprojects ....................................................................................................................................... 13

• Publications ............................................................................................................................................... 18

Articles in journals ................................................................................................................................ 18

Books ................................................................................................................................................... 19

Book chapters ...................................................................................................................................... 19

WorkingPapers .................................................................................................................................... 19

Occasional Papers ................................................................................................................................ 21

Studies and reports .............................................................................................................................. 21

Articlesinspecializedjournals ............................................................................................................. 21

• Publicationsinprocess ..............................................................................................................................22

Articles in journals ...............................................................................................................................22

SymposiumIssues ...............................................................................................................................22

WorkingPapers ....................................................................................................................... 22

4. ACTIVITIES ......................................................................................................................................................... 23

• Conferences ............................................................................................................................................... 23

• Forumsandcolloquiums ............................................................................................................................26

• ContinuousEducationsessions ..................................................................................................................29

• Researchseminars:LunchSeminar ............................................................................................................30

• WorkshopsonIndustrialOrganization ........................................................................................................32

5. PARTICIPATIONINCONFERENCES,CONGRESSESANDSEMINARS ......................................................................... 33

6. AWARDS AND SPECIAL MENTIONS ...................................................................................................................... 37

7. COMMUNICATION ...............................................................................................................................................39

• Articlesinthepress ....................................................................................................................................39

• Webandnewsletter ...................................................................................................................................40

8. APPENDIXES ...................................................................................................................................................... 41


1. LETTER FROM THE DIRECTOR

The following pages list the Center’s activities during the 2008-2009 academic year. Throughout this year, the SP-SP Center has continued to grow substantially, fostering research efforts and organizing activities. Our scientific output has been significant, with the publication of eight book chapters, one book, six reports, 14 articles in acade-mic journals, 27 working papers and four occasional papers. We have organized two meetings this year, the II Meeting of the Audiovisual Sector and the VIII Meeting of the Energy Sector: Energy in Spain open to debate. We have also continued to support, in collaboration with the Fundación Rafael del Pino, the organization of the III Meeting of the Association of Competition Economics in Spain.

The consolidation of the Workshops on Industrial Organization is also newsworthy. This year we have organized two workshops to address and discuss issues related to applied microeconomics, such as telecommunications, linguistic diversity, taxes and market strategies which have no doubt helped consolidate our high-level research group. I would also like to highlight the continued organization of the series of re-search seminars, our lunch seminars, which have been consolidated as one of the Center’s regular activities. This year we have held a total of 18 seminars.

At the SP-SP Center we have not only fostered our own research activity, but we con-tinue to keep the dialogue open between the academic and the business worlds. Thus, in June we organized the IX Colloquium on Public Service-Private Management, which this year focused on management and the crisis, and the V and VI Forums on Competition and Regulation. In the fifth forum, Antonio Estache, from the Free Univer-sity of Brussels, tackled the issue of infrastructure privatization. In the sixth, Lawrence Ausubel, from the University of Maryland, spoke on auctioning troubled assets.

We have maintained close collaboration with the IESE Alumni department, organizing the following Continued Education sessions: “Presentation of the Study on Foreign Direct Investment in Catalonia,” “European Economic Outlook and Economic Policy Answers” and “Challenges for the Catalan Economy in 2009: How to Come Out Stron-ger out of the Crisis.”

Worth highlighting is the publication of the Public-Private Research Center reports, which aim to review the regulated industries in Spain and contribute to the debate on a Spanish and European scale about regulated markets, among professionals, regu-lators and academics. The first of these two reports, created with the collaboration of Orkestra, was published in November 2008 under the title “Competition and Regu-lation in the Spanish Gas and Electricity Markets.” The second report, sponsored by Foment del Treball and published in 2009, focuses on competitiveness in Catalonia. The third report, deals with the telecommunication industry.

José Luis Moraga was awarded an ICREA Senior and our team grew in 2008-2009 with the arrival of a new postdoctoral researcher, Flavia Roldán, and six Research Fellows, José Luis Moraga, Juanjo Ganuza, Pablo Casas-Arce, Francisco Ruiz-Aliseda, Sjaak Hurkens and Govert Vroom. We are sure that their efforts will contribute toward the consolidation of SP-SP as a world-class center.

Prof. XAVIER VIVESAcademic Director of the

Public-Private Research Center,

IESE

Professor of Economics and

Financial Management, IESE

Holder of the Abertis Chair of

Regulation, Competition and

Public Policy, IESE


MISSION

ThePublic-PrivateResearchCenteraimstofosterresearchinthesphereofrelationshipsbetweentheprivate

sectorandpublicadministrations.Theprimaryobjectivesareconductingresearchofthehighestscientific

qualityattheinterfaceoftheprivateandpublicsectorsandhelpconsolidateaninternationalresearchcenter

ofexcellenceatIESEwithcriticalmassinitsownfield.Thesecondaryobjectivesarethedisseminationofthe

scientificstudiesinbusinessandGovernmentmediawiththeaimofinfluencingthedevelopmentofpublic

policyinCatalonia,SpainandEurope,toserveasaninterchangeforumbetweenresearchers,professionals,

businessleadersandcivilservantsandtocontributetohigh-levelbusinesseducationinthecenter'sareaof

specialization.

GOALS

• Promotegreaternumberofpublications.

• Fostertheorganizationofacademicconferencesincollaborationwithinternationally-renownedresearch

centers.

• Consolidatethecenterasfocalpointforresearchersviaworkshopsandresearchseminars.

• Serveasameetingpointforacademics,practitionersandregulatorsviaforumsandcolloquiums.

• IncreasetheresearchteambyhiringpostdoctoralresearchersandResearchFellows.

ORGANIZATION

The SP-SP Center is a research center of IESE, University of Navarra. The center, which is not an independent

legalentityandisgovernedbythestatutesofIESE,hasthefollowinggoverningbodies:anAdvisoryCouncil,

made up of representatives of theSponsor Companies, which defines the center’s overall strategy, and

a Management Board, made up of a Chairman, a Vice-chairman, a manager and an academic director,

responsibleforcarryingoutsuchstrategy.

2. PRESENTATION

6 • IESE Business School - University of Navarra

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Executive Board

Carlos Cavallé

Chairman

JoaquimTriadú

Vice-chairman

Xavier Vives

AcademicDirector

Salvador Estapé Triay

Manager

Staff

SofiaAnisimova(untilDecember2008)

Salvador Estapé Triay

BarbaraMas-Bagà(sinceJanuary2009)

Verònica de Quixano

Accenture

AjuntamentdeBarcelona

Caixa Manresa

CambradeComerçdeBarcelona

Conselldel’AudiovisualdeCatalunya

Departamentd'EconomiaiFinancesdela

GeneralitatdeCatalunya

Departamentd'Innovació,Universitatsi

EmpresadelaGeneralitatdeCatalunya

DiputaciódeBarcelona

Endesa

FundacióAgbar

Garrigues

Mediapro

Microsoft

Sanofi-Aventis

VidaCaixa

SPONSORS


3. RESEARCH

RESEARCH TEAM

TheSP-SPCenterboastsafirst-classinternationalteamofresearchers,externalandinternal,whoworkintheareasofregulationandcompetition,innovation,regionaleconomy,industrialpolicyandwelfarestate.

ACADEMIC DIRECTOR

VIVES, XAVIER

ProfessorofEconomicsandFinancialManagement,IESE.Ph.D.inEconomics,UniversityofCalifornia,Berkeley.Ph.D.inEconomicandBusinessSciences,UniversitatAutònomadeBarcelona.M.A.Economics,UniversityofCalifornia.Bachelor’sDegreeinEconomicSciences,UniversitatAutònomadeBarcelona.

RESEARCH FELLOWS

CANTILLO,MIGUELProfessorofFinancialManagement,IESE.Ph.D.inEconomics,StanfordUniversity,1995.B.S.inEconomics,MassachusettsInstituteofTechnology,1991.B.S.inManagementScience(Finance),MassachusettsInstituteofTechnology,1991.

CASADESUS-MASANELL, RAMONAssociateProfessorofBusinessAdministration,HarvardBusinessSchool.Ph.D.inManagerialEconomicsandStrategy,KelloggGraduateSchoolofManagement,NorthwesternUniversity.Bachelor’sDegreeinEconomicSciences,UniversitatAutònomadeBarcelona.

CASAS-ARCE, PABLOAssistantProfessorDept.EconomicsandBusiness,UniversitatPompeuFabra.Ph.D.inEconomics,HarvardUniversity.B.A.inEconomics,UniversitatPompeuFabra.B.A.programinMathematics,UniversitatdeBarcelona.


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CASSIMAN, BRUNO Ph.D.inManagerialEconomicsandDecisionScience,NorthwesternUniversity(J.L.KelloggGraduateSchoolofManagement).Bachelor’sDegreeinEngineeringManagement,CatholicUniversityofLeuven.

GANUZA,JUANJOSéProfessorofEconomicsandBusiness,UniversitatPompeuFabra.Ph.D.inEconomics,UniversidadCarlosIIIdeMadrid.B.S.inPhysics,UniversidadComplutensedeMadrid.

GUAL,JORDIProfessorofEconomics,IESE.ChiefEconomist,“laCaixa”.Ph.D.inEconomics,UniversityofCalifornia,Berkeley.Ph.D.inEconomicandBusinessSciences,UniversitatdeBarcelona.

HURKENS,SJAAKTenuredResearcher,InstituteforEconomicAnalysis.Ph.D.inEconomics,TilburgUniversity.Ph.D.degreeinMathematics,CatholicUniversityNijmegen.

JEON, DOH-SHINAssociateProfessor,ToulouseSchoolofEconomics.Ph.D.inEconomics,UniversityofToulouse1.DiplomainStatisticsandEconomics,ENSAE.M.A.inEconomics,SeoulNationalUniversity.B.A.inEconomics,SeoulNationalUniversity.

MAS, NúRIA ProfessorofEconomics,IESE.Ph.D.inEconomics,HarvardUniversity.M.Sc.inEconomics,HarvardUniversity.M.A.inEconomicsandBusiness,UniversitatPompeuFabra.Bachelor’sDegreeinEconomics,UniversitatPompeuFabra.


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MORAGA,JOSéLUISProfessorofIndustrialOrganization,UniversityofGroningen.Ph.D.inEconomics,UniversidadCarlosIIIdeMadrid.DiplomainEconomics(EconomicAnalysisandQuantitativeEconomics),UniversidadComplutensedeMadrid.

RUIZ-ALISEDA,FRANCISCOAssistantProfessorofEconomicsandBusiness,UniversitatPompeuFabra.Ph.D. inManagerial Economics andStrategy, KelloggGraduateSchool ofManage-ment,NorthwesternUniversity.B.A.inBusinessAdministration,UniversidaddeZaragoza.

VROOM,GOVERTProfessorofStrategicManagement,IESE.Ph.D.inManagement,INSEAD.M.A./MBA, Boston University.FinancialController,FreeUniversity,Amsterdam.

POLICy RESEARCH FELLOW

FEDERICO,GIULIOPh.D.inEconomics,NuffieldCollege,UniversityofOxford.M.Phil.inEconomics,UniversityofOxford.B.A.HonsinPolitics,PhilosophyandEconomics,UniversityofOxford.


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POSTDOCTORAL RESEARCH FELLOWS

LóPEZ,ÁNGELLUISPh.D.inEconomics,UniversityofToulouse1.M.Sc.inTransportsandNetworksIndustrialEconomics,UniversityofToulouse1.M.Sc.inEconomicAnalysis,UniversidaddeLasPalmasdeGranCanaria.B.S.inEconomics,UniversidaddeLasPalmasdeGranCanaria.

ROLDÁN,FLAVIAPh.D.inEconomics,UniversidadCarlosIIIdeMadrid.M.A.inEconomics,UniversidadCarlosIIIdeMadrid.M.A.inEconomics/SocialPolicy,ILADES,SantiagodeChile.B.Sc.inEconomics,UniversidadNacionaldeCórdoba,Argentina.

RESEARCH ASSISTANTS

OLLé,JORDIBachelor’sDegreeinEconomics,UniversitatPompeuFabra.

PAZ,JORGEM.Sc.inEconomics,UniversitatPompeuFabra.Bachelor’sDegreeinSocialScienceswithaminorinEconomics,PontificiaUniversidadCatólicadelPerú.

SALVADORQUIROGA,PABLODoctorofScienceinEconomicsandBusinessAdministration,UniversitatAutònomadeBarcelona.M.Sc.inAppliedEconomics,UniversitatAutònomadeBarcelona.FirstDegreeinEconomics,UniversidadNacionaldeCuyo,Mendoza.

VILLANUEVA,IñAKIMaster’sDegreeinAppliedEconomicAnalysis,Idec-UniversitatPompeuFabra.Bachelor’sDegreeinEconomics,UniversitatAutònomadeBarcelona.

OTHER COLLABORATORS

BAUCELLS, MANELProfessorofManagerialDecisionSciences,UniversitatPompeuFabra.Ph.D.inManagement,UniversityofCalifornia,LosAngeles(UCLA).MasterinBusinessAdministration,IESE,UniversidaddeNavarra.DegreeinIndustrialEngineering,UniversitatPolitècnicadeCatalunya.


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CAMPA,JOSéMANUELProfessorofFinancialManagement,IESE.Ph.D.inEconomics,HarvardUniversity.DegreeinLaw,UniversidaddeOviedo.Bachelor’sDegreeinEconomics,UniversidaddeOviedo.

CICCONE, ANTONIOProfessorDept.EconomicsandBusiness,UniversitatPompeuFabra.Research Professor, ICREA.Professor,Dept.ofEconomicsandBusiness,UniversitatPompeuFabra.Ph.D. Stanford University.M.Sc.MathematicalEconomicsandEconometrics,LondonSchoolofEconomics.Vordiplom,Volkswirtschaftslehre,UniversitätFreiburg.Abitur,Albert-SchweitzerGymnasium,Neckarsulm.

CILLO, ALESSANDRAProfessor of Decision Analysis, IESE.Ph.D.inManagement,DecisionSciences,INSEAD.Bachelor’sDegreeinBusinessAdministration,BocconiUniversity.

DÁVILA,ANTONIOProfessorofAccountingandControl,IESE.DoctorofBusinessAdministration,HarvardUniversity.Master’sDegreeinEconomicsandBusinessAdministration,IESE,UniversidaddeNavarra.DegreeinTelecommunications,UniversitatPolitècnicadeCatalunya.

FERRARO,FABRIZIOProfessorofStrategicManagement,IESE.Ph.D.inManagementScience,StanfordUniversity.M.S.inSociology,StanfordUniversity.Ph.D.,OrganizationStudies,UniversitádeglistudidiUdine.Bachelor’sDegreeinEconomics,UniversitádeglistudidiNapoli-FedericoII.

GARCíA-FONTES,WALTERCollegeandUniversitylecturer,DepartmentofEconomicsandBusiness,UniversitatPompeuFabra.Ph.D.EconomicsPhilosophy,StanfordUniversity.PostgraduateDegreeinEconomicTheoryandQuantitativeMethods,UniversitatAutònomadeBarcelona.Bachelor’sDegreeinEconomicSciences,UniversitatAutònomadeBarcelona.


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GHEMAWAT,PANKAJProfessorofStrategicManagement,IESE.Ph.D.inBusinessEconomics,HarvardUniversity.A.B.inAppliedMathematics,HarvardCollege.

GOLOVKO,ELENAPh.D. candidate at IESE.M.A.inEconomics,NewEconomicSchool,Moscow.M.Sc.inMathematicalEconomics,SaratovStateUniversity.

GóMEZBISCARRI,JAVIERProfessor of Decision Analysis, IESE.Ph.D.inBusinessEconomics,UCLA.M.A.inEconomics,UCLA.Bachelor’sDegreeinEconomicandBusinessSciences,UniversidadComercialdeDeusto.

JAUMANDREU, JORDITenuredProfessor,DepartmentofEconomics,UniversidadCarlosIIIdeMadrid.Ph.D.inEconomics,UNED.B.S.inEconomics,UniversidadComplutensedeMadrid.

LLANO, CARLOSPh.D.TenuredProfessor,DepartmentofEconomicAnalysis,UniversidadAutónomadeMadrid.Ph.D.Researcher,LawrenceR.KleinInstitute,StoneCenter(CEPREDE).PublicManagementLeadershipProgram,IESEBusinessSchool.Ph.D.inAppliedEconomics.DegreeinEconomics,UniversidadAutónomadeMadrid.

MARTíNEZDEALBéNIZ,VíCTORProfessorofProduction,TechnologyandOperations,IESE.DoctorofPhilosophyinOperationsResearch,MassachusettsInstituteofTechnology.DegreeinEngineering,écolePolytechnique,France.

OZCAN,PINARProfessorofFinancialManagement,IESE.DoctorofPhilosophyinManagementScienceandEngineering,StanfordUniversity.MasterofScienceinManagementScienceandEngineering,StanfordUniversity.

RALUy, MIREIAAssociate Researcher, United BioSource Corporation.M.Sc.inEconomics,LondonSchoolofEconomicsandPoliticalScience.Bachelor’sDegreeinEconomics,UniversitatPompeuFabra.


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REQUENA, FRANCISCOAssociateLecturerinEconomics,UniversidaddeValencia.Ph.D.inEconomics,LondonSchoolofEconomics.M.Sc.inEconomics,UniversityCollegeofLondon.DegreeinEconomics,UniversidaddeValencia.

RICART, JOAN ENRIC ProfessoroftheStrategicManagementDepartment,IESE.Ph.D.inIndustrialEngineering,UniversitatPolitècnicadeCatalunya.Ph.D.inManagerialEconomics,NorthwesternUniversity.Ph.D.inEconomicandBusinessSciences,UniversitatAutònomadeBarcelona.

SAFFI, PEDRO ALBERTOProfessorofFinancialManagement,IESE.Ph.D. in Finance, London Business School.Master’sDegreeinEconomics,GetulioVargasFoundation(RíodeJaneiro,Brazil).BAinEconomics,IBMECBusinessSchool(RíodeJaneiro,Brazil).

STAFFIERO,GIANANDREAPostdoctoral researcher, IESE.IDEA(InternationalDoctorateinEconomicAnalysis)Ph.D.,UniversitatAutònomadeBarcelona.Master’sDegreeinEconomics,UniversitatAutònomadeBarcelona.Bachelor’sDegree(B.Sc.),UniversitàCommercialeLuigiBocconi.

VALENTINI,GIOVANNIAssistantProfessorofStrategicManagement,UniversitàBocconi.Ph.D.inManagement,IESEBusinessSchool.DegreeinEngineeringandManagement,UniversitàdegliStudideBrescia.

RESEARCH PROJECTS

TheSP-SPCenterfocusesonareaswhereitcanofferasignificantanddecisivecontributionthatwillposition

itasabenchmarkinternationalresearchcenter.Thisresearch,thecenterpieceofSP-SPCenteractivity, is

composedoffourmainareas:A)Competitionandregulation,withspecialattentiontothestudyofregulated

sectors,suchastelecommunications,media,energy,financialmarketsandthehealthcaresector;B)Inno-

vation,whichincludesissuessuchasnewtechnologiesandpatents;C)Regionaleconomiesandindustrial

policy,emphasizingthelocationofeconomicactivityandbusinessdecision-makingcenters,andD)Welfare

state;occasionallywelfareissues,especiallyeverythingrelatedtohealtheconomics,areanalyzed.


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A)COMPETITIONANDREGULATION

CompetitionandRegulationintheSpanishTelecommunicationsMarket

Researcher:A.L.López,withthecollaborationofSandraJódar-Rosell

ThisresearchprojectpresentsthedevelopmentoftheSpanishtelecommunicationssectorandcarriesoutan

economicanalysis,includingthemostrelevantregulatoryandcompetitionpolicyissues.Withthisinmind,

itbeginsbyoutliningthetechnicalandeconomicfeaturesofthesectorandentrystrategies.Thereportana-

lyzesthecurrentsituationoftheSpanishtelecommunicationssector,providinganoverviewthatisbasedon

itsinherentcharacteristicsandtheeconomictheoryofindustrialorganization,regulationandcompetition

policy.Bycombiningacademicdatawithpracticalexperience, the reportaims tocontribute to theongo-

ingdebateaboutthebeststrategiesgoingforward.Forexample,professionals,academicsandregulators

arenowadaysdebatingthebestwaytoregulateaccesstocutting-edgenetworks,accessofvirtualmobile

networkoperatorstorealmobileoperators’networks,interconnectionorcallterminationfees,international

roamingcharges,IPinterconnectionandassessmentofthereplicabilityofconventionaloperators’services.

CompetitionPolicyintheEU.FiftyYearsonfromtheTreatyofRome

Researcher: X. Vives

Financedby:Departamentd’Innovació,UniversitatsiEmpresa,Departamentd’EconomiaiFinances,Gener-

alitat de Catalunya and IESE.

Research team:XavierVives, Philip Lowe,MatthewBennett, Jorge Padilla, JohnVickers,MassimoMotta,

BruceLyons,DavidSpector,MartinHellwig,JordiGual,SandraJódar-Rosell,ElenaCarletti,RichardGreenand

WilliamE.Kovacic.

CompetitionpolicyhasbecomeoneofthemostsignificantissuesintheEU,havingamajorimpactonagree-

mentsbetweencompanies,theprocessesofbusinessconcentrationandstateaid.Thesanctioningcapacity

ofthecompetitionauthorityhasletitspowerbefeltinEuropeinmattersofpriceagreementsandmarket

sharing,aswellasabuseofdominance.Thebook, fruitof thepaperspresentedat theConference“Fifty

YearsoftheTreaty:AssessmentandPerspectivesofCompetitionPolicyinEurope”organizedbytheSP-SP

Centerandheldon19and20November2007,dealswithvariousaspectsofcompetitionpolicy.Competition

policyintheEU:FiftyYearsonfromtheTreatyofRome,XavierVives(editor)I.Introduction,XavierVives;II.

TheDesignofCompetitionPolicyInstitutionsforthe21stCentury–theExperienceoftheEuropeanCommis-

sionandDGCompetition,PhilipLowe;III.Article81Revisited:DecipheringECAntitrustGoalsandRules,A.

JorgePadilla;IV.SomeEconomicsofAbuseofDominance,JohnVickers;V.CartelsintheEuropeanUnion:

Economics,Law,Practice,MassimoMotta;VI.AnEconomicAssessmentofECMergerControl: 1957-2007,

BruceLyons;VII.StateAids:EconomicAnalysisandPracticeintheEU,DavidSpector;VIII.CompetitionPolicy

andSector-SpecificRegulationforNetworkIndustries,MartinHellwig;IX.aEuropeanTelecomsRegulation:

PastPerformanceandProspects,JordiGual;X.bEURegulationandCompetitionPolicyintheBankingSector,


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ElenaCarletti,XavierVives;XI.cEURegulationandCompetitionPolicyamongEnergyUtilities,RichardGreen;

XII.CompetitionPolicyintheEuropeanUnionandtheUnitedStates:ConvergenceorDivergence?,William

E.Kovacic.

CompetitionandRegulationintheSpanishGasandElectricityMarkets

Researchers:G.Federico,N.FabraandX.Vives

PublishedjointlywiththeBasqueInstituteofCompetitiveness

Theproject,withfinancialsupportfromtheBasqueInstituteofCompetitiveness(Orkestra),offersacompre-

hensiveoverviewofthemostrecentdevelopmentsintheSpanishenergymarket,particularlyinrelationto

competitionandregulationissues,butalwaysinthebroadercontextoftheliberalizationoftheEuropean

energyindustry.ThemainpurposeofthisreportistoprovideanoverviewoftheSpanishenergymarketin

theframeworkofindustrialorganizationandregulationeconomictheory,whileitalsodiscussessomeofthe

latestindustryevents.Inparticular,thereportanalyzesanddescribesthegasandelectricitymarkets,both

wholesaleandretail,highlightingkeyaspectsofthesemarketsfromaneconomicperspective,andthose

areaswhereregulationandcompetitionissuesaremostlikelytoemerge.Itdiscussestheinitialregulation

andcompetitionreformsintroducedwhenthesectorwasliberalizedinthelateninetiesandmorerecently

thosethathavebeenintroducedin2006-2007.Inaddition,itoffersamorein-deptheconomicanalysisof

twoissuesthathaveattractedmuchattentionrecently:theroleofcontracts(includingEPEandCESURauc-

tions)inmarketperformanceandreformofthepayment-per-capacitymodelinSpain.

AdvancesinIndustrialEconomics,GameTheoryandFinance

Principal researcher: Xavier Vives

Financedby:PlanNacionalI+D+I(2008-2011),MinistryofScienceandInnovation

Research team:XavierVives,AlessandraCillo, JavierGómezBiscarri,MiguelCantillo,ÁngelLópez,Pedro

Saffi,VictorMartínezdeAlbéniz,GiovanniCespaandGiulioFederico

Thisprojectcomprisesthreesub-projectsinthreedifferentareasrelatedtotheeconomy,namely:1.Industrial

Economics2.Gametheory,and3.Finance.Thefirstsub-projectfocusesonissuesofcompetitionandregulation

innetworkindustries(energy,telecommunicationsandtwo-sidedmarkets).Theaimistohelpachieveresults

thatserveasthebasisforrecommendationsandpolicyamendments.Thissub-projectalsofocusesonresolv-

ingseveral competition issues,specifically the relationshipbetweencompetitionand investment inR&D,

competitionpolicyinthebankingindustry,pricediscountpolicies,thedeterminingfactorsdrivingheadquarter

locationdecisionsandcompetitiveinteractionbetweenmanufacturersanddistributors.Thesecondsub-project

focuseson:a)gameanalysiswithstrategiccomplementarities;theaimofthisstudyistodetermineunderwhat

conditionsandhowstaticstrategiccomplementaritiestranslateintodynamicstrategiccomplementarities;b)

theperformanceofheuristicsfordecisionmakingincomplexproblems;theaimistoextendcurrenttheoryand

methodstomorerealisticmodels;c)thequantitativemeasurementoftheremorsetheory;itseekstomeasure

thefunctionalpatternofremorse,whichisnecessaryformakingforecasts,andd)analysisoftheinteractionbe-

tweentimeanduncertaintyinintertemporaldecisionmaking,inordertocontributetotheunderstandingofhow


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peopleperceiveandbehavewhenfacedwithdecisionsthathaveatemporalanduncertaincomponent.The

financesub-projectfocuseson:a)ananalysisofwelfareinacompetitiveeconomywithasymmetricinforma-

tionundertheequilibriumofrationalexpectationsthatcharacterizesthedifferencebetweeninformationand

economicefficiency,andprovideafullcharacterizationofallocativeandproductiveefficiency.Italsofocuses

ondeterminingwhenthecompetitiverationalexpectationsequilibriumcanbeusedasanapproximationof

the“true”strategicbalance.Thegoalistotestthevalidityofthisequilibrium;b)conductingaCAPMtestusing

datatoevaluatetheeffectofthe“datasniffing”bias;c)ananalysisoftheimpactofshort-sellingrestrictionson

persistenceofreturnsafterresultsarepublished;d)astudyoftheeffectofaccountingstandardsonfinancial

riskmodels;e)ananalysisofthedevelopmentofunioncontractsinthesaleofcorporatebonds;f)researchon

themicrostructureofmarketsandcorporategovernance;andg)analysisofhowtherecentcrisisinthefinancial

sectorhasaffectedyieldsinbankinginstitutionsaroundtheworld.

B)INNOVATION

Innovatingforcompetitiveadvantageandproductivity

Principalresearcher:BrunoCassiman

Financedby:PlannacionalI+D+I(2008-20011),MinisteriodeCienciaeInnovación

Researchteam:BrunoCassiman,NúriaMas,RolfCampos,CarlesVergara,GovertVroom

andFlaviaRoldán.

Innovationhasbeenhailedasthesolutionfortroubledeconomiesandcompanies.

However,thereisnoclearunderstandingofthelinkbetweeninnovationandcompetitiveadvantageinthe

businesssphereandthelinkbetweeninnovationandproductivitylevelsinthegeneraleconomy.Theaim

ofthisprojectistostudythisrelationshipbetweeninnovationand“success”bothatthemicrocorporate

levelintermsofinnovation,andatthemacrolevelasanelementthatdrivesamorepronouncedgrowthin

productivity.Morespecifically,thefirstpartofthisprojectfocusesonmicro-levelissuesconcerningtheor-

ganizationofinnovationanditslinktosustainedandgrowingbusinessperformance.Thesecondpartofthe

projectfocusesonthestudyofthisrelationshipatamoremacrolevel,withspecialattentiongiventounder-

standingthedriversandthepotentialsolutionstoeconomicandfinancialcrisesviafinancialinnovations.

C)REGIONALECONOMYANDINDUSTRIALPOLICY

AttractingDirectForeignInvestmenttoCatalonia

Researchers:LluísTorrensandMireiaRaluy

Financedby:Departamentd’EconomiaiEmpresa,GeneralitatdeCatalunya

Thestudy,“AttractingdirectforeigninvestmenttoCatalonia”,carriedoutwithsupportfromtheDepartment


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ofEconomyandFinanceoftheGeneralitatdeCatalunya,indicatesthat,bysector,Cataloniareceivesprojects

withastrongspecializationinproductiveactivitiesandmanufacturing,butalsoperformswellinR&Dcenters

andsharedservices.Inmanufacturingactivities,CataloniacompeteswithbothEasternEuropeanareasnear

thecentraleconomichubofEurope,suchasHungary,andwithverycentralbutwell-suppliedregions,such

asFlanders.Cataloniaislessattractiveasaregionfromacommercialortertiaryservicesperspective,butit

hasanundeniableabilitytodrawinvestmentsmorecloselyrelatedtosecondaryactivities(manufacturing,

logistics,R&Dcenters).Forclustersorlargeeconomicsectors,itshouldbenotedthatCatalonia’sappealis

toacertaindegreedouble,reinforcedinclusterswhereCataloniahasapowerfulproductionstructure,such

aschemicals,plasticsandrubber, food,beveragesandtobacco, transportationequipmentor lifesciences

(includingpharmaceuticals),butalsoinmoregenericsectorssuchasbusinessandservices.

CompetitivenessinCatalonia:lookingahead

Researchers:PankajGhemawatandXavierVives(coords.)

Financedby:FomentdelTreball

Researchteam:PankajGhemawat,XavierVives,JordiJaumandreu,BrunoCassiman,ElenaGolovko,Nuria

Mas,JordiMas,AntonioCiccone,WalterGarcía-Fontes,FranciscoRequena,CarlosLlano,JoanE.Ricartand

RamonCasadesus-Masanell

Thisproject,whichhasthesupportofFomentdelTreball,aimstoanalyzeCatalonia’seconomicfutureinthe

newdivisionoflaborlandscapecarvedoutbyglobalizingforcesintheworld.Thestudy’sobjectiveistotake

stockandlookaheadonthebasisofthemaincompetitivenessandproductivityindicatorsofbusinessesin

Catalonia,andsuggestpolicyimplications.CoordinatedbyIESEprofessorsVivesandGhemawat,theproject

boastsanoutstandinggroupofresearchers.Productivity,InnovationandCompetitiveness,J.Jaumandreu;

CatalanProductivityofFirms,InternationalExposureandInnovation,B.Cassiman;TheCatalanscienceand

innovationsystem,B.Cassiman;TheQualityoftheCatalanEducationSystem,W.García-Fontes,A.Ciccone;

Tradeandinvestmentflows.Spain,Europeandtheworld.InterregionalversusinternationalSpanishtrade

flows,P.Ghemawat,F.Requena,C.Llano;Industryanalysis:Automotive,Food,Biotech,P.Ghemawatand

N.Mas;Companystrategy:Businessmodelinnovation,growthandinternationalization,J.E.RicartandR.

Casadesus-Masanell.

PUBLICATIONS

ARTICLES IN JOURNALS

CASADESUS-MASANELL,R.,CROOKE,M.,REINHARDT,F.&VASISHTH,V.Households'WillingnesstoPayfor

PublicGoods:EvidencefromPatagonia'sIntroductionofOrganicCottonSportswear,Journal of Economics

& Management Strategy,2009,18(1),pgs.203-233.


Report 2008-2009

CASSIMAN,B.,DIGUARDO,M.C.&VALENTINI,G.OrganisingR&DProjectstoProfitfromInnovation:Insights

FromCo-opetition, Long Range Planning,42(2),Apr.2009,pgs.216-233.

CASSIMAN,B.&VALENTINI,G.StrategicOrganizationofR&D:thechoiceofbasicnessandopenness,Strategic

Organization,7(1),Feb.2009,pgs.43-73.

CASSIMAN,B.,VEUGELERS,R.&ZUNIGA,M.P.InSearchofPerformanceEffectsof(in)DirectIndustry–Science

Links,IndustrialandCorporateChange,17(4),2008,pgs.611-646.

JEON,D-S.&HURKENS,S.A.RetailBenchmarkingApproachtoEfficientTwo-wayAccessPricing:NoTermination-

BasedPriceDiscrimination,RAND Journal of Economics,39(3),2008,pgs.822-849.

MORAGA, J.L. & GALEOTTI, A. Segmentation, advertising and prices, International Journal of Industrial

Organization,26,2008,pgs.1106-1119.

MORAGA, J.L. &WILDENBEEST,M.Maximum Likelihood Estimation of Search Costs, European Economic

Review,52,2008,pgs.820-848.

MORAGA,J.L.,GOYAL,S.&KONOVALOV,A.HybridR&D,Journal of the European Economic Association,6(6),

2008,pgs.1309-1338.

MORAGA, J.L. & GALEOTTI, A. Platform Intermediation in a Market for Differentiated Products, European

Economic Review,53,2009,pgs.417-428.

VIVES,X.InnovationandCompetitivePressure,Journal of Industrial Economics,56,2008,pgs.419-469.

VIVES,X.&GALE,D.ComplementaritiesandInformation:AnIntroduction,Journal of the European Economic

Association,7(1),2009,pgs.1-10.

VIVES,X.StrategicComplementarityinMulti-stageGames,Economic Theory,40,1,2009,pgs.151-171.

VIVES, X. & STRAUSS-KAHN, V. Why and where do headquarters move?, Regional Science and Urban

Economics,2,39,pgs.168-186.

VROOM, G. & McCANN, B. Pricing Response to Entry and Agglomeration Effects, Strategic Management

Journal, 2009.

BOOKS

VIVES, X. (ed.),Competition Policy in the EU: Fifty Years on from the Treaty of Rome, Oxford University Press, 2009.

BOOKCHAPTERS

CASSIMAN,B.&GHEMAWAT,P.“AnticipatingCompetitiveDynamics”, inStrategy and the Business Land-

scape, Prentice Hall, 3rd edition, 2009.

GUAL,J.&JóDAR-ROSELL,S.“EuropeanTelecomsRegulation:PastPerformanceandProspects”inCompetition

Policy in the EU: Fifty Years on from the Treaty of Rome.X.Vives(ed.),OxfordUniversityPress,2009.

BROWNBRIDGE,M.,FEDERICO,G.&KUTEESA,F.“BudgetReformandtheMediumTermExpenditureFramework”,

in Uganda’s Economic Reforms: Insider Accounts.A.Whitworth(ed.),OxfordUniversityPress(inprocess).


Report 2008-2009

VIVES,X.“CompetitionandRegulationinBanking”,inHandbook of Financial Intermediation and Banking,

Amsterdam,NorthHolland:A.Thakor&A.Boot(eds.),2008.

VIVES,X.“CompetitionPolicyinEurope”, inCompetition Policy in the EU. Fifty Years on from the Treaty of

Rome.X.Vives(ed.),OxfordUniversityPress,2009.

VIVES,X.&CARLETTI,E.“RegulationandCompetitionPolicyinBanking”,inCompetition Policy in the EU. Fifty

Years on from the Treaty of Rome.X.Vives(ed.),OxfordUniversityPress,2009.

VIVES,X.&STAFFIERO,G.“TheGE-HoneywellMergerintheEU”,inCases in European Competition Policy: The

Economic Analysis.B.Lyons(ed.),CambridgeUniversityPress,2009.

VIVES,X.“ElPotencialEconòmicdel’EuroregióMediterrània”,inAportacions a la Recerca i el Debat en Eco-

nomia a Catalunya,Barcelona,Institutd’EstudisCatalans,2009.

WORKINGPAPERS

BAYO,A.,GALDóN-SÁNCHEZ,J.E.&GIL,R.“Thedeterminantsofchangesintheorganizationofproduction:

EvidencefromSpanishplant-leveldata”,March2009,IESEBusinessSchoolW.P.783.

CASSIMAN,B.&GOLOVKO,E.“InternationalExposure,ProductInnovation,andFirmProductivity”,March2009.

CASSIMAN,B.&GOLOVKO,E.“ProductivityofCatalanfirms.Internationalexposureand(product)innova-

tion”,IESEBusinessSchoolW.P.808.

CASSIMAN,B.&MAS,J.“CatalanCompetitiveness:ScienceandBusiness”,IESEBusinessSchoolW.P.806.

CASADESUS-MASANELL,R.&GASTON,L.“MixedSource”.HarvardBusinessSchoolWorkingPaper,Nr.10-

022,September2009.

CASADESUS-MASANELL,R.&ZHU, F. “Strategies to FightAd-sponsoredRivals”,HarvardBusinessSchool

WorkingPaper,Nr.10-026,September2009.

CASADESUS-MASANELL,R.&RUIZ-ALISEDA,F.“PlatformCompetition,Compatibility,andSocialEfficiency”,

HarvardBusinessSchoolWorkingPaper,Nr.09-058,October2008&June2009.IESEBusinessSchool

W.P. 798.

CASADESUS-MASANELL,R.,&RICART,J.E.“Strategyvs.BusinessModelsvs.Tactics”,June2009.

CASADESUS-MASANELL,R.,&RICART, J.E.“Businessmodelreconfigurationfor innovationandinternation

lization”.IESEBusinessSchoolW.P.807.

CICCONE,A.&GARCIA-FONTES,W.“ThequalityoftheCatalanandSpanisheducationsystems:Aperspective

fromPISA”,IESEBusinessSchoolW.P.D/810-E.

FEDERICO,G.&LóPEZ,Á.L.“Divestingpower”,August2009,IESEBusinessSchoolW.P.812.

GHEMAWAT,P.,LLANO,C.&REQUENA,F.“Rethinkingregionalcompetitiveness:Catalonia’sinternationaland

interregionaltrade,1995-2006”,IESEBusinessSchoolW.P.802

GHEMAWAT, P. “Competitiveness, productivity and externalization: Food versus autos in Catalonia”, IESE

Business School W.P. 803

HAANM.&MORAGA,J.L.“Advertisingforattentioninaconsumersearchmodel”,April2009,IESEBusiness

School W.P. 794.


Report 2008-2009

JAUMANDREU, J.“Whatexplains theevolutionofproductivityandcompetitiveness?The innovation link”,

IESE Business School W.P. 804.

LACH,S&MORAGA,J.L.“AsymmetricPriceEffectsofCompetition”,June2009,IESEBusinessSchoolW.P.797.

LóPEZ,Á.L.&REY,P.“ForeclosingCompetitionthroughAccessChargesandPriceDiscrimination”,July2009,


MAS,N.“Respondingtofinancialpressures.Theeffectofmanagedcareonhospitals’provisionofcharity

care”,February2009,IESEBusinessSchoolW.P.782.

MAS,N.“Hospitalfinancialpressuresandthehealthoftheuninsured.Whogetshurt?ThecaseofCalifor-

nia”,May2009,IESEBusinessSchoolW.P.789.

MAS,N.“BiotechnologyinCatalonia.Industryanalysis”.IESEBusinessSchoolW.P.805.

MCCANN,B.T.&VROOM,G.“OwnershipStructure,ProfitMaximizationandCompetitiveBehavior”,July2009,


RUIZ-ALISEDA,F.“MisinformativeAdvertising”,July2009,IESEBusinessSchoolW.P.809.

VIVES,X.“StrategicSupplyFunctionCompetitionwithPrivateInformation”,2008,CesIFOW.P.#2410,CEPR

Discussion Paper 6960.

VIVES,X.“EndogenousPublicInformationandWelfare”,Mimeo,2008.

VIVES,X.&KOVALENKOV,A.“CompetitiveRationalExpectationsEquilibriawithoutApology”,2008,CesIFO

W.P.#2446,CEPRDiscussionPaper7025.

VIVES,X.&CESPA,G.“DynamicTradingandAssetPrices:Keynesvs.Hayek”,2008,IESEBusinessSchoolW.P.716.

OCCASIONAL PAPERS

CASSIMAN,B.“ComplementaritiesinInnovationStrategyandtheLinktoScience”,DraftOpuscleCREIre-

searchcenter,UniversitatPompeuFabra,January2009.

GUAL,J.“Telecomunicaciones:¿anteunanuevaetapadefusiones?”,in“Elpapeldelasinstitucionespúbli-

casenlasoperacionesdecontrolcorporativonacionalesytransnacionales”,FundacióndeEstudios

Financieros,Nr.23,Madrid,2008,pgs.221-246.

GUAL,J.,&JODAR-ROSELL,S.“AyudasPúblicasenelsectorbancario:¿rescatedeunos,perjuiciodeotros?”,

in“DocumentosdeEconomíalaCaixa”,nr.13,Barcelona,April2009,andin“Economistas”,nr.120,

Madrid, May 2009.

GUAL,J.“Elcarácterprocíclicodelsistemafinanciero”,in“DocumentosdeEconomíalaCaixa”,nr.14,Barce-

lona,May2009,andin“EstabilidadFinanciera”,nr.16,BancodeEspaña,Madrid,May2009.

STUDIES AND REPORTS

FEDERICO,G.,VIVES,X.&FABRA,N.“CompetitionandRegulationintheSpanishGasandElectricityMar-

kets”,Barcelona:ReportsofthePublic-PrivateSectorResearchCenter,IESE,1,2008.[editioninSpanish:

“CompetenciayRegulaciónenlosMercadosEspañolesdelGasylaElectricidad”].


Report 2008-2009

GHEMAWAT,P.&VIVES,X.“CompetitivenessinCatalonia:SelectedTopics”,Barcelona:ReportsofthePublic-

Private Sector Research Center, IESE, 2, 2009.

GHEMAWAT,P.&VIVES,X.“CompetitividadenCataluña:elretodeunasociedad.Basesdeunmodeloeconómi-

coprósperoparaCataluña”,FomentdelTreballNacional,ColecciónInformes,Nr.4extraOctober2009.

LóPEZ,Á.L.“Competenciayregulaciónenlosmercadosespañolesdelastelecomunicaciones”,Barcelona,

Reports of the Public-Private Sector Research Center, IESE, 3, 2009.

VIVES,X.“ReportontheEuropeanEconomy,2009”(EuropeanEconomicAdvisoryGroup,withG.Corsetti,

M.P.Devereux,J.Hassler,T.Jenkinson,G.Saint-Paul,H-W.Sinn&J-E.Sturm),Munich,CESifo,2009.

VIVES,X. “L’Enseignementde l’Economiedans les Lycées“ (withM.Albert, T. Atkinson, P.Bauchet, J.-C.

Berthélemy,M.Boiteux,B.Bourgeois,J.-C.Casanova,P.-A.Chiappori,B.Collomb,Y.Gattaz,G.deMénil,

M.Pébereau,B.Saint-Sernin&J.Scheinkman,AcadémiedesSciencesMoralesetPolitiques,2008.Re-

producedinCommentaire,2008,123,pgs.725-776.

ARTICLESINSPECIALIZEDJOURNALS

CANTILLO,M.“UnABCdeFusionesyAdquisiciones”,Revista Harvard Deusto, 2009.

LóPEZ,Á.L.“Desplieguederedesdetelecomunicacionesydifusióndebandaancha”,Revista economista,

Nr.119,“España2008.Unbalance”,ColegiodeEconomistasdeMadrid,2009.

PUBLICATIONS IN PROCESS

ARTICLES IN JOURNALS

CASADESUS-MASANELL,R.&HERVAS-DRANE,A.“Peer-to-PeerFileSharingandtheMarketforDigitalInfor-

mationGoods”, Journal of Economics and Management Strategy.

ALMIRALL,E.&CASADESUS-MASANELL,R.“Openvs.ClosedInnovation:AModelofDiscoveryandDiver-

gence”,The Academy of Management Review.

CASAS-ARCE,P.“DismissalsandQuitsinRepeatedGames”,Economic Theory.

CASAS-ARCE,P.&SAIZ,A.“OwningversusLeasing:DoCourtsMatter?”,Journal of Law and Economics.

CASAS-ARCE,P.&ASíS,F.“RelativePerformanceCompensation,Contests,andDynamicIncentives”,Man-

agement Science.

CASSIMAN,B.&GAMBARDELLA,A.“StrategicOrganizationofR&D”,Advances in Strategic Management.

CASSIMAN,B.,VALENTINI,G.&DIGUARDO,CH.“CollaborationandCompetitionintheOrganizationofR&D

Projects”,Long Range Planning.


Report 2008-2009

CASSIMAN,B.,VEUGELERS,R.&ZUNIGAM.P.“ScienceLinkagesandInnovationPerformance:AnAnalysison

CIS-3firmsinBelgium”,Economics-ejournal.

FEDERICO,G.&LóPEZ,Á.L.“ComparingdivestmentsandVPPsinelectricitygenerationmarkets”,IEEECon-

ferenceProceedings:EuropeanElectricityMarket,2009,EEM2009.

SyMPOSIUM ISSUE

VIVES,X.(coeditedwithJACKSON,M.),“SocialNetworksandPeerEffects:TheoryandApplications,inMem-

oryofAntoni-CalvóArmengol”, Journal of the European Economic Association.

WORKINGPAPERS

CANTILLO,M. “TheCaseagainstActivist Financial Investors: Evidence from theArmstrong Investigation”,

September2009.

CANTILLO,M.&WONDER,N.“AnOutofSampleTestoftheCAPM”,September2009.

CASADESUS-MASANELL,R.&RICART,J.E.“CompanyStrategy:BusinessModelReconfigurationforInnovation

andInternationalization”,2009.

CASSIMAN,B.&GOLOVKO,E.“InnovationandInternationalization”,newversion,May2009.

CASSIMAN,B.,VALENTINI,G.&DIGUARDO,CH.“BuildingCompetitiveAdvantagethroughLinkswithSci-

ence”,newversion,January2009,mimeo.

JEON,D-S.&ROCHET,J-C.“ThePricingofAcademicJournals:ATwo-sidedMarketPerspective”.


4. ACTIVITIES

CONFERENCES

III MEETING OF THE ASSOCIATION OF

COMPETITION ECONOMICS IN SPAIN

Madrid, October 23, 2008

OnOctober23,2008theThirdMeetingoftheAs-

sociationofCompetitionEconomics(ACE)inSpain

washeld,aneventorganizedbytheIESEPublic-

Private Sector Research Center and the Rafael del

Pino Foundation in Madrid. This association was

bornwiththeaspirationofbecomingadiscussion

forumwith themainobjectiveofcommunicating

academicadvancesinthefieldofeconomicanaly-

sistoeconomistsinterestedinthesubjectofregu-

lationandpromotingcompetition.Inthespiritof

bringingtogetherrepresentativesfromthepublic,

private and academic spheres, the meeting fo-

cusedonthenecessarylinkthatemergesbetween

the economy and law as economists accurately

modeland identifyanticompetitivebusinessbe-

haviorswithanegativeimpactonconsumers.

From left to right: Amadeo Petitbò, Reinaldo Rodríguez and Xavier Vives during the Conference opening events


Report 2008-2009

II MEETING OF THE AUDIOVISUAL SECTORBarcelona,November27,2008

The role of public television and its impact on

televisionadvertisingaretwoofthemajorissues

currentlybeingdebatedinEurope.Thesolutions

that each country provides are, however, very dif-

ferent.Whatistheroleofpublictelevision?What

is the best financingmodel? Is increasing freely

available TV by six or seven sustainable when DTT

isimplemented?Cantheadvertisingmarketkeep

upatthesamerate?CanTVqualitybesustained

whencostsareconstantlyrisingandrevenuecon-

stantlydropping?

The audiovisual sector needs a platform where

businessleaders,politicians,regulatorsandaca-

demicscanaddressandanswerthesequestions.

For this reason, IESE’s Public-Private Sector Re-

search Center organized the Second Meeting of

the Audiovisual Sector. In attendance were key

players in Spain who outlined the future of the

audiovisualsector,aswellasforeignexpertswho

contributedtheirperspectivefromtheoutside.

From left to right: Silvio González, Juan Ruiz de Gauna, Antoni Esteve, Jaume Roures and Josep Cuní.

Professor Sánchez-Tabernero with Joaquim Triadú, Vice-chairman of the SP-SP Center, during the closing ceremony of the meeting.


Report 2008-2009

VIII MEETING OF THE ENERGY SECTOR:

ENERGY IN SPAIN OPEN TO DEBATE. Madrid, March 25, 2009

Functional and competitive energy markets are

essential for achievingmajorpublicpolicy goals

such as international competitiveness, climate

control and adequate energy security. Recently

an intense debate has taken place across Europe

about the prospects of more effective competi-

tionandbetterregulationintheEuropeangasand

electricitymarkets,andtheneedforimproveden-

ergypolicy.

How togoabout reformingenergypolicy is criti-

calalsoinSpain.TheSpanishgasandelectricity

market has been gradually liberalized since the

late90s,withincreasesincompetitioninvarious

marketsegments.Somekeychallengesforpublic

policy,however,muststillbeaddressed, includ-

ing dependence on foreign energy sources, the

needtomeetambitioustargetsrelatedtoclimate

change, enhancing competition and regulation,

and theshortfall in regulated ratespaidbyelec-

tricityconsumersinrelationtomarketprices.

From left to right: Luis María Atienza, Xavier Vives, Antonio Llardén and Juan Luis López Cardenete.


Report 2008-2009

V FORUM OF COMPETITION AND

REGULATION: PRIVATIZATION OF

INFRASTRUCTURES, SUCCESS OR FAILURE?Speaker: Antonio Estache,

Free University of Brussels

Barcelona, March 12, 2009

This sessionprovideda summaryof theassess-

mentofprivatesectorparticipationexperiencesin

theprovisionof infrastructure inemergingcoun-

tries. The joint approach to the various perspec-

tivesontheissueshowswhy,accordingtosome

criteria, and in certain sectors, public-private part-

nerships can be considered successful, whereas,

onthebasisofothercriteria,inmanyothersectors

it can be considered a political and social failure

withsignificanteconomicconsequences.

The presentation concluded with a discussion of

the challenges that both governments andbusi-

nesses will face in their efforts to collaborate in the

expansion of infrastructure networks, in the case

ofemergingaswellasdevelopedeconomies.

FORUMS AND COLLOQUIUMS

Professor Estache during his speech.


Report 2008-2009

VI FORUM OF COMPETITION AND

REGULATION: TROUBLED ASSET AUCTIONSSpeaker: Lawrence Ausubel,

University of Maryland

Barcelona, June 17, 2009

In conjunction with IBM and MEFF

Oneoptionfortacklingthefinancialcrisisbeingcon-

sideredbygovernmentsistoacquiretoxicmortgage

assets in order to remove them from the balance

sheetsoffinancial institutionsandthusrestoresol-

vencytothefinancialsector.Thegreatestdifficultyin

carryingoutthistypeofstrategyistodeterminewhat

assetswillbeacquiredatwhatprice.TheVI Forum

onCompetitionandRegulation focusedon theuse

ofauctionstomanagethepurchaseoftheseassets.

The forum’s keynote speaker, Professor Lawrence

Ausubel from theUniversity ofMaryland,hasdone

significant research into the theoryof auctionsand

gametheory.Hehascollaboratedintheimplementa-

tionofthemostadvancedmodelsofauctiondesign,

includingVPP(VirtualPowerPlant)currentlyoperat-

inginSpainandFrance.Inrecentmonths,Professor

Ausubelhasdevelopedaproposalformanagingthe

auctionoftoxicassets.Thesessionfocusedmainlyon

thecontentofthisproposal,togetherwiththesimu-

lationscarriedouttoanalyzeitsresultsandthepro-

posedadjustmentstoensuretheeffectivenessofthe

GeithnerPlan.

Professors Vives and Ausubel during the VI Forum on Competition and Regulation.


Report 2008-2009

The international economic crisis is affecting us

deeply.ThemomentumoftheSpanishandCata-

laneconomycontinuestoslowdown.GDPisdrop-

pingtolevelsnotseensincethe70s.Employment

figuresaredismalandthenumberofunemployed

inSpainnowexceedsfourmillion.

AlthoughCataloniaisnotexemptfromtheSpan-

ishgrowthmodelsustainedinpartbytheextraor-

dinaryconstructionboomandincreasedtourism,

it does have a more diversified economy than

mostofSpain,basedonastrongindustrialtradi-

tionand inattracting internationally competitive

firms. This diversity can be an important asset

whenitcomestoemergingfromthecurrentcrisis.

So what is the role that public authorities should

playtohelpovercomethecurrenteconomicand

businesscrisis?Thiswasthetopicunderdiscus-

sionat theNinthPublicService-PrivateManage-

mentColloquium,organizedbyIESE’sPublic-Pri-

vateSectorResearchCenter.Thecolloquiumwas

organizedaroundtwopaneldiscussions.Thefirst

examined the effectiveness of the measures by

thepublicandprivatefinancialsectorsinfostering

productive activity. The second addressed public

policiestosupportprivateeconomicactivity.

From left to right: Miquel Valls, David Vegara, Carlos Cavallé and Xavier Vives.

IX PUBLIC SERVICE – PRIVATE MANAGEMENT

COLLOQUIUM: WHAT SHOULD THE

GOVERNMENT DO TO HELP OVERCOME THE

ECONOMIC AND BUSINESS CRISIS? Barcelona, June 19, 2009.


Report 2008-2009

PRESENTATION OF THE STUDY ON DIRECT

FOREIGN INVESTMENT IN CATALONIABarcelona, October 2, 2008

Speakers:JoanMonrabà,AndreuMorillas,

JoséMªTaboada,LluísTorrensandXavierVives

EUROPEAN ECONOMIC OUTLOOK AND

ECONOMIC POLICY ANSWERSBarcelona,November12,2008

Speakers: Hans-Werner Sinn and Xavier Vives

THE CHALLENGES FACING THE CATALAN

ECONOMY IN 2009: HOW TO COME OUT

STRONGER FROM THE CRISISBarcelona, May 21, 2009

Speakers:CarlesGrau,AndreuMorillas,

Xavier Pont and Xavier Vives

From left to right: L. Torrens, A. Morillas, J.M. Taboada, X. Vives and J. Monrabà.

Professor Hans-Werner Sinn.

From left to right:X. Pont, C. Grau, A. Morillas and X. Vives.

CONTINUOUS EDUCATION SESSIONS


Report 2008-2009

TheLunchSeminarprogramisaseriesoffortnightly

meetingsof themembersassociatedwith theCen-

terwiththepurposeofanalyzinganddiscussingre-

search papers being developed by our team. Each

of thesemeetings presents one of the papers and

insomecasesresearchworkrelatedtosomeareaof

research at the Center but carried out by an outside

researcher,professororacademic.

THE IMPACT OF THE INTRODUCTION OF

DIGITAL TV REGULATION ON THE SPANISH

LOCAL TELEVISION MARKETSeptember9,2008

RicardGil

(AssistantProfessor,DepartmentofEconomics,

UniversityofCaliforniainSantaCruz)

IESE REPORT ON THE SPANISH ENERGY

MARKET IN 2007September15,2008

XavierVives(IESEBusinessSchool),Giulio

Federico(IESEBusinessSchoolandCRA

International)andNataliaFabra(Universidad

CarlosIIIdeMadrid)

IESE REPORT ON THE SPANISH TELECOMS

MARKET IN 2007September30,2008

ÁngelLuisLópez(PostdoctoralFellow,

SP-SPCenter,IESEBusinessSchool)

PLATFORM COMPETITION, COMPATIBILITY

AND SOCIAL EFFICIENCYOctober 7, 2008

FranciscoRuiz-Aliseda(UniversitatPompeuFabra

andSP-SPCenter)

SECURITIZATION, DISCLOSURE AND LIQUIDITYOctober 21, 2008

MarcoPagano(UniversitàDegliStudidiNapoli

FedericoII)

VERTICAL INTEGRATION, COLLUSION AND

TARIFFSNovember4,2008

PedroMendi(UniversityofNavarra)

LESSONS FROM FINANCIAL PANICS: THE 1907

BANKERS' PANICNovember11,2008

MiguelCantillo(SP-SPCenter,IESEBusinessSchool)

PERSONAL INFLUENCE: SOCIAL CONTEXT AND

POLITICAL COMPETITIONNovember18,2008

AndreaMattozzi(CaliforniaInstituteofTechnology)

MENTALIZING IN GAMES AND MARKETS:

A NEUROECONOMIC PERSPECTIVENovember25,2008

PeterBossaerts(CaliforniaInstituteofTechnology

andCEPR)

ORGANIZATIONS AND TRADEDecember17,2008

PolAntràs(DepartmentofEconomics,Harvard

University)

RESPONDING TO FINANCIAL PRESSURES.

THE EFFECT OF MANAGED CARE ON

HOSPITALS´ PROVISION OF CHARITY CAREMarch 3, 2009

NúriaMas(SP-SPCenter,IESEBusinessSchool)

RESEARCH SEMINARS: LUNCH SEMINARS


Report 2008-2009

BUNDLING AND COMPETITION FOR SLOTS: ON

THE PORTFOLIO EFFECTS OF BUNDLINGApril 14, 2009

Doh-ShinJeon(ToulouseSchoolofEconomics,

UniversitatPompeuFabraandSP-SPCenter)

MISINFORMATIVE ADVERTISINGMay 5, 2009

FranciscoRuiz-Aliseda(UniversitatPompeuFabra

andSP-SPCenter)

COMPOSITION OF ELECTRICITY GENERATION

PORTFOLIOS, PIVOTAL DYNAMICS

AND MARKET PRICESMay 12, 2009

AlbertBanal-Estanol(UPFandCityUniversity

London)

DIVESTING POWERMay 19, 2009

GiulioFederico(SP-SPCenterandCRA

International)

SYSTEMIC RISK AND LIQUIDITY IN PAYMENT

SYSTEMSMay 25, 2009

GaraMinguezAfonso(FederalReserve

BankofNewYork)

MONOPOLIES IN TWO-SIDED MARKETS:

COMPARATIVE STATICS AND IDENTIFICATIONJune 9, 2009

GlenWeyl(DepartmentofEconomics,

HarvardUniversity)

A TROUBLED ASSET REVERSE AUCTION, AND

EXPERIMENTSJune 17, 2009

LawrenceAusubel(DepartmentofEconomics,

UniversityofMaryland)


Report 2008-2009

X WORKSHOP ON THE TELECOMS INDUSTRYBarcelona, February 10, 2009

XI WORKSHOP ON INDUSTRIAL

ORGANIZATION: MARKETS AND SOCIETYBarcelona, March 10, 2009

WORKSHOPSONINDUSTRIALORGANIZATION


5. PARTICIPATION IN CONFERENCES, CONGRESSES AND SEMINARS

Casas-Arce,Pablo.“WilliamsonMeetsHart:HagglingCostsandIncompleteContracts”,UniversityofSt.An-

drews.September2008.

Casas-Arce, P. “Program committee member of the Econometric Society European Meeting”, Barcelona,

Spain.August2009.

Estapé,S.“JornadaEconòmicad’Avinyó”,Manresa,Spain.May2009.

Federico,G.“CompetitionandRegulationintheSpanishgasandelectricitymarkets-initialfindings”,Asso-

ciationofCompetitionEconomists,3rdSpanishmeeting,Madrid.October2008.

Federico.G.“Sonaecom/PortugalTelecom:effectsinthefixed-linetelecomsmarkets”,AssociationofCom-

petitionEconomists,Annualconference,Budapest.November2008.

Federico,G.“TheEconomicsofEuropeanenergymergers”,IBCconferenceonCompetitionLawintheenergy

market,Brussels.November2008.

FedericoG.“TheapplicationofArticle82intheEuropeanEnergymarket:anoverview”,CRAworkshoponthe

EnergyMarket,Brussels.February2009.

Federico,G.“DivestingPower”,ConferenceonEuropeanEnergyMarkets,Leuven.May2009.

Federico,G.“DivestingPower”,EuropeanEconomicAssociation,Barcelona.August2009.

Gual, J.“Lliçonsde lacrisi:economiaproductivavs.economiafinancera”,SocietatCatalanad’Economia.

Institutd’EstudisCatalans.Barcelona.March2009.

Gual,J.“Thefinancialcrisisandthefutureoffinancialregulation”,XIIEncuentrodeEconomíaAplicada.Uni-

versidad Rey Juan Carlos. Madrid. June 2009.

Gual,J.“CopingwiththeInternationalRecession:USvsEurope”,NYUSternGlobalAlumniConference.Bar-

celona. June 2009.

Gual,J.PanelChair,“Elmodeloregulatorioaexamen.Lavisióndesdelosdistintosmercados.XIVEncuentro

delSectordelasTelecomunicaciones2009”.IESE.Madrid.June2009.

Gual, J. “Regulatingnetwork industries inEurope:Practicesand Institutions.Competition in rail industry:

Whichregulation?”,SNCF.Paris.July2009.

Jeon,D-S.(Speaker),“BundlingandCompetitionforSlots:OnthePortfolioEffectsofBundling”,OxfordUni-

versity,March2009.GeorgiaInstituteofTechnology,January302009,UniversitéParisX,October2008.

Jeon,D-S.“DynamicsofaKnowledge-BasedServiceIndustryandOpenSource”,ToulouseConferenceonthe

economicsofthesoftwareandInternetindustries,IDEI.Toulouse.January2009

Jeon,D-S.“BundlingandCompetitionforSlots:OnthePortfolioEffectsofBundling”,WorkshoponMarket

Power in Vertically Related Markets, IDEI. Toulouse. March 2009.

Jeon, D-S. (Speaker), “A Retail Benchmarking Approach to Efficient Two-way Access Pricing: Termination-

Based Price Discriminationwith ElasticSubscription Demand”,Workshop Telecom Economics, ENST.

Paris. April 2009.

Jeon,D-S.“BundlingandCompetitionforSlots:OnthePortfolioEffectsofBundling”,The8thIDEI-CSIOIO

Workshop, IDEI. Toulouse. June 2009.


Report 2008-2009

López,Á.L.(Discussant).“CompositionofElectricityGenerationPortfolios,PivotalDynamicsandMarketPric-

es”,JornadasdeEconomíaIndustrial,UniversitatRoviraiVirgili.Tarragona.September2008.

López,Á.L.(Chair).“WorkshoponNextGenerationAccessNetworks”,NEREC.Madrid.November2008.

López,A.L.“Foreclosingcompetitionthroughaccesschargesandpricediscrimination”,UniversitatPompeu

Fabra.November2008.

López,Á.L.“Workshopon IndustrialOrganization:TheTelecomsIndustry”,Public-PrivateSectorResearch

Center , IESE Business School. Barcelona. February 2009.

López, Á.L. “Foreclosing competition through access charges and price discrimination”, FEDEA (Madrid).

March2009.Coordinator,MaríaFernandaViecens.

López,Á.L.“TheladderofinvestmentinSpain”,NEREC(Madrid).March2009.Coordinator,MaríaFernanda

Viecens.

López,Á.L.“Theladderof investment inSpain”, Jornadassobretelecomunicaciones:situaciónactualdel

mercadonacionaleinternacional,UniversitatdeBarcelona&CMT.Barcelona,Spain.April2009.

López,Á.L.“Foreclosingcompetitionthroughaccesschargesandpricediscrimination”,TELECOMParisTech

ConferenceontheEconomicsofICT,TELECOMParisTech.Paris,France.June2009.

López,Á.L.(Speaker)“ElSectordelasTelecomunicacionesenEspaña”,BarcelonaBreakfast,cercleperal

coneixement.Barcelona.July2009.

López,Á.L.“Foreclosingcompetitionthroughaccesschargesandpricediscrimination”,24thAnnualCon-

gressoftheEuropeanEconomicAssociation,UniversitatPompeuFabra&UniversitatAutònomadeBar-

celona.Barcelona,Spain.August2009.

McCann,B.&Vroom,G.“CompetitiveBehaviorwithHeterogeneousFirmObjectives:EntryandExitDecisions

ofEntrepreneursandProfessionalManagers”,CompetitiveStrategyIGDevelopmentalPaperWorkshop.

StrategicManagementSociety.Colonia.October2008.

McCann,B.&Vroom,G.“OwnershipStructure,ProfitMaximization,andCompetitiveBehavior”,AtlantaCom-

petitiveAdvantageConference (ACAC).May2009&AOMAnnualMeeting, AcademyofManagement,

Chicago,Illinois.August2009.

Roldán,F.(Speaker),“CollusiveNetworksinMarketSharingAgreementsinthePresenceofanAntitrustAu-

thority”,4th.EuropeanConferenceonCompetitionandRegulation.Crete.June2009.

Vives,X.“RegulationandCompetitionPolicyinBanking”.CESifoConferenceonFinancialMarketRegulation

in Europe. Munich. January 2008.

Vives,X.“StrategicSupplyFunctionCompetitionwithPrivateInformation”.EncuentroTeoríadeJuegos-Em-

presa.Elche.September2008.

Vives,X. “StrategicSupply FunctionCompetitionwithPrivate Information”.MIT/HarvardTheorySeminar.

Boston. October 2008.

Vives,X.“StrategicSupplyFunctionCompetitionwithPrivateInformation”.WorkshoponFrontiersinGame

TheoryandNetworkedControlSystems,MIT.Cambridge.October2008.

Vives,X.“DynamicTradingandAssetPrices:Keynesvs.Hayek”(withG.Cespa).WhartonFinanceSeminar.

Pennsylvania. October 2008.

Vives,X.“StrategicSupplyFunctionCompetitionwithPrivateInformation”.ColumbiaIndustrialOrganization

Seminars.NewYork.October2008.


Report 2008-2009

Vives,X.“StrategicSupplyFunctionCompetitionwithPrivateInformation”.YaleMicroeconomicTheoryWork-

shop. yale. October 2008.

Vives,X.“DynamicTradingandAssetPrices:Keynesvs.Hayek(withG.Cespa).YaleFinanceandAccounting

FacultySeminars.October2008.

Vives,X.“Elmomentoeconómicointernacional”.Roundtable,Cercled’Economia.Barcelona.October2008.

Vives,X.“TheFinancialCrisis–ItsImpactinSpain”.RoundtableCNMVForodeFinanzas.ESADE.November2008.

Vives,X.“InformationAggregationinMarkets”.PresidentialSpeech,SimposiodeAnálisisEconómico.Sevil-

la,December2008.

Vives,X.“Competitionpolicyintroubledtimes–whatprioritiesforagencies?”.DiscussantatCRAInterna-

tionalAnnualConference.Brussels.December2008.

Vives,X.“DynamicTradingandAssetPrices:Keynesvs.Hayek”(withG.Cespa).NorthAmericanMeetingof

theEconometricSociety.SanFrancisco.January2009.

Vives,X.“Temasavanzadoseneconomíaenergética”.RoundtableattheAEEEannualmeetingSevilla.Janu-

ary 2009.

Vives,X.“Lessonsfromtheregulatorycrisisandregulatoryreform”.ConferenciaPSC“Ferfrontalacrisi”,

Barcelona. February 2009.

Vives,X.“StrategicSupplyFunctionCompetitionwithPrivate Information”.TenthCEPRConferenceonAp-

pliedIndustrialOrganization.Mannheim.May2009.

Vives,X.“CompetitionandStabilityinBanking”.OfficeofFairTradingSeminarSeries.London.May2009.

Vives,X.“CompetitionandStabilityinBanking”.UKCompetitionCommissionExternalSpeakerSeries.Lon-

don. May 2009.

Vives,X.“StrategicSupplyFunctionCompetitionwithPrivateInformation”.STICERDEconomicTheorySemi-

nar. London. May 2009.

Vives,X.“Repensarl’EconomiailesFormesdeVida”.SpeechattheFundacióErnestLluch.Barcelona.May2009.

Vives,X.“StrategicSupplyFunctionCompetitionwithPrivateInformation”.XVIIIEuropeanWorkshoponGen-

eralEquilibriumTheoryEWGET.Barcelona.June2009.

Vives,X.“HowCanWeDealwithHerdingandOtherBehaviouralIssues?”.OpenforBusinessConference“The

FutureofQuantitativeFinance”.IsaacNewtonInstituteforMathematicalSciences.Cambridge.June2009.

Vives,X.“InformationAggregationinMarkets”.LondonSchoolofEconomics.London.June2009.

Vives,X.“FinancialRegulationReform:AEuropeanPerspective”.WebSeminarofFinReg21.June2009.

Vives,X.“ReformingFinancialRegulationandSupervision:GoingBacktoBasics”,panelmemberattheses-

sion“WhyDidRegulationFail?”.BancodeEspaña&BancoMundial.Madrid.June2009.

Vives,X.“ElRetodelSectorPúblicoantelaCrisis”.SpeechattheIXColloquiumPublicService-PrivateMan-

agement.IESEBusinessSchool.Barcelona.June2009.

Vives, X. “Information Aggregation in Markets”. Massachussets Institute of Technology. Cambridge. July

2009.

Vives,X.“AssetAuctions,InformationandLiquidity”.EuropeanEconomicAssociationAnnualMeeting.Bar-

celona.August2009.

Vives,X.“EndogenousPublicInformationandWelfare”.EuropeanMeetingoftheEconometricSociety.Bar-

celona.August2009.


Report 2008-2009

Vives,X.“CompetitionandStabilityinBanking”.CEPR/ESI13thAnnualConference“FinancialSupervisionin

anUncertainWorld”.Venice.September2009.

Vives,X.“AssetAuctions,InformationandLiquidity”.InternationalMonetaryFundBrownBagSeminarSe-

ries.WashingtonD.C.September2009.

Vives,X.“AssetAuctions, InformationandLiquidity”.BoardofGovernorsof theFederalReserveSystem.

WashingtonD.C.September2009.

Vives,X.“CompetitioninSupplyFunctions”.USDepartmentofJustice.WashingtonD.C.September2009.

Vives,X.“InformationAggregationinMarkets”.YaleUniversity.September2009.

Vives,X.“TheNewRoleofGovernmentinCorporateGovernance”,panelmemberatthesession“Govern-

ment as Investor”. ECGI-Brookings Trasantlantic Corporate Governance Dialogue Annual Conference.

WashingtonD.C.September2009.

Vroom,G.(Participant),INSEADStrategyDay,INSEAD.Fontainebleau,France.May2009.

Vroom,G. (Discussant).“CompetitiveHeterogeneity:TemporaryorSustainableAdvantage?”,AOMAnnual

Meeting,AcademyofManagement.Chicago,Illinois.August2009.

6. AWARDS AND SPECIAL MENTIONS


VIVES, X.

CHAIRMAN OF THE SPANISH ECONOMIC

ASSOCIATION, 2008.

The Center’s academic director, Professor Xavier

Vives,vice-presidentoftheSpanishEconomicAs-

sociationduring2007,wasappointedpresidentfor

2008.

TheSEAwasfoundedinDecember1996withthe

aim of promoting and disseminating scientific

knowledgeinthefieldofeconomics.Tothisend,

the Association publishes theSpanish Economic

Review and organizes the annual Symposium of

EconomicAnalysis.

VIVES, X.

“ERCADVANCEDGRANT”FROMTHE

EUROPEAN RESEARCH COUNCIL, FOR

FINANCINGTHERESEARCHPROJECT,

“INFORMATIONANDCOMPETITION”,

2009-2013.

ProfessorXavierViveshas receivedafive-yearse-

niorgrantfromtheEuropeanResearchCouncil(ERC)

tofundhisresearchproject“InformationandCom-

petition.”

Createdin2007,theERCistheforemostpan-Euro-

pean cutting-edge research funding agencywhich

aims to open new horizons for themost talented

andcreativeexpertsintheworld.Initsfirstedition,

theERChasgrantedatotalof44scholarshipstothe

mostactiveresearcherswhohaveatrackrecordof

majorachievementsintheSocialSciencesoverthe

past ten years.

LóPEZ, Á.L.

“JUANDELACIERVA”,2008-2011

Ourpostdoctoralresearcher,ÁngelLuisLópez,was

awardedin2008theJuandelaCiervagrantfrom

the Ministry of Science and Innovation for a period

ofthreeyears, tofinancehisprojects intelecom-

municationscompetition.

The Juan de la Cierva program aims at helping

youngdoctorsgainexperienceby formingpartof

researchteams.

MORAGA, J.L.

“ICREASENIOR”

ProfessorJoséLuisMoraga,ResearchFellowatthe

Center,hasreceivedtheICREASenior(CatalanIn-

stituteofResearchandAdvancedStudies)award

given by the Generalitat de Catalunya for him to

join IESE,wherehewill formpartof the research

teamandfacultyfromFebruary2010.

ICREA is a foundation launched jointly by the De-

partmentofInnovation,UniversitiesandEnterprise

oftheGeneralitatdeCatalunyaandtheCatalanRe-

searchandInnovationFoundation(FCRI),anditis

governedbyaBoardofTrustees.ICREA’sgoalisto

strengthenthetalentbehindtheCatalanresearch

systembyfacilitatingthereturnofresearcherswho

have carried out research careers in centers out-

side Catalonia.


ARTICLES IN THE PRESS

LA CRISIS FINANCIERA GLOBALXavier Vives

LaVanguardia,2/10/2008

PESADILLA "SUBPRIME" NúriaMas


CRISIS Y CRéDITO Xavier Vives

LaVanguardia12/11/2008

¿HACIA UNA REFUNDACIóN DEL CAPITALISMO? Xavier Vives

ElPaís,14/11/2008

THE SINGULARITY OF BANKS Xavier Vives

The Wall Street Journal, 18/12/2008

DOWNTURN ERODED THE CREDIBILITY OF FINANCIAL MARKETS Xavier Vives

Business Daily, 19/1/2009

FADS, FRENZIES, AND FINANCE Xavier Vives

TheStraitsTimes,SouthChinaMorningPost,TheJapanTimes,BusinessWorldonline,TheJournalofTurkish

WeeklyyL’Agefi,January2009

SALIR DE LA CRISIS Xavier Vives


EUROPE'S REGULATORY CHAOS Xavier Vives

The Wall Street Journal, 17/3/2009

7. COMMUNICATION


Report 2008-2009

CRISIS Y REFORMAS NECESARIAS Xavier Vives


A WAY OUT OF THE CRISISXavier Vives

FinancialTimes,29/4/2009

WEB AND NEWSLETTER

Newsletter, October 2008-January 2009

Newsletter, February-April 2009

Newsletter,May-August2009


Report 2008-20098. APPENDIXES

IIIACESpanishMeetingMadrid, October 23, 2008

OpeningAmadeoPetitbò,FundaciónRafaeldelPinoXavier Vives, Centro SP-SP, IESEReinaldoRodríguez,CMT

Preciosexcesivosydiscriminatorios:lasentidadesdegestióncolectivaFranciscoGarzón,CNCRafaelAllendesalazar,HowreyMartínezLageS.L.EnriqueCañizares,PWCAlejandroRequejo,LECGModerador:FernandoJiménez,NERA

Programadeclemencia:lógicayresultadosIsabelLópezGálvez,CNCPatrick Rey, IDEIMaríaLuisaTierno,ComisiónEuropeaXavierMas,FrontierEconomicsModeradora:MaríaPazEspinosa,UniversidaddelPaísVasco

RegulaciónycompetenciaengasyelectricidadGiulioFederico,CRAInternationalyCentroSP-SP, IESE Business School Xavier Vives, Centro SP-SP, IESE

Colusióntácitayprácticasconscientementeparalelas InmaculadaGutiérrez,CNCJoséMaríaJiménezLaiglesia,DLAPiperNatalia Fabra, Universidad Carlos III Moderadora:ElenaZoido,LECG


Report 2008-2009

IIAudiovisualIndustryMeeting•Barcelona,November27,2008

OpeningCarlos Cavallé, Presidente, Centro SP-SP, IESEJosepM.Carbonell,Presidente,Conselldel'AudiovisualdeCatalunya(CAC)

Presentation “Estudiodetendenciasdelsectoraudiovisualen2008”JoaquimTriadú,Vicepresidente,CentroSP-SP,IESEySociodeGarriguesJaumeMontané,DirectorGeneral,TimeConsultants

Round Table “Financiacióndelserviciopúblicodelatelevisión”MatteoMaggiore,Controller,EU&InternationalPolicy,BBCTeresaFarré,DirectoradeGestiónyRecursos,CorporacióCatalanadeMitjansAudiovisualsPatriciaGalvin,JefadeRelacionesInternacionales,OfcomElisendaMalaret,CatedráticadeDerechoAdministrativo,UniversitatdeBarcelonaModeradora:SilviaCóppulo,periodista

Round Table “TDTyserviciosdevalorañadido”EladioGutiérrez,Presidente,ImpulsaTDTAlbertoSigismondi,DirectordeRelacionesInstitucionales,MediasetLievenVermaele,DirectordelDepartamentoTécnico,EuropeanBroadcastingUnionTobíasMartínez,DirectorGeneral,AbertisTelecomModerador:JosepM.Orta,periodista,LaVanguardia

ConferenceReinaldoRodríguez,Presidente,ComisióndelMercadodelasTelecomunicacionesHelen Weeds, Profesora, Universidad de Essex Moderador:XavierVives,Profesor,IESEyDirectorAcadémicoCentroSectorPúblico-SectorPrivado,IESEBusinessSchool

Round Table “Nuevosformatosaudiovisuales”FerranMascarell,ConsejeroDelegado,RBAAudiovisualMaríaGaraña,Presidenta,MicrosoftEspañaMarioTascón,Editor/DirectorGeneral,DixiMediaAndréVanyi-Robin,DirectorGeneralyFundador,BestvModerador:FernandoRodríguezMadero,Consejero,CAC

Round Table“PerspectivasdelSectorTelevisivo”JuanRuizdeGauna,DirectorGeneral,LaSextaSilvioGonzález,ConsejeroDelegado,GrupoAntena3Antoni Esteve, Presidente, LaviniaJaumeRoures,Presidente,MediaproModerador:JosepCuní,periodista

ClosingAlfonsoSánchez-Tabernero,VicerrectordeComunicaciónInstitucional,UniversidaddeNavarra


Report 2008-2009

VIIIEnergyIndustryMeeting:LaenergíaenEspañaadebateMadrid, March 25, 2009

OpeningMaríaTeresaCosta,Presidenta,ComisiónNacionaldeEnergíaJoséLuisLarrea,Presidente,InstitutoVascodeCompetitividadXavierVives,DirectorAcadémicodelCentroSP-SP,IESE

Table 1RegulaciónyCompetenciaenEspaña.PresentacióninfomeSP-SPCompetenciayRegulaciónenlosmercadosdegasyelectricidadXavierVives,IESEGiulioFederico,IESEyCRAComentaristas:JuanDelgado,EconomistaJefe,ComisiónNacionaldelaCompetenciaManuelGarcíaCobaleda,DirectorServiciosJurídicos,GasNaturalCarlosSallé,DirectordeRegulación,IberdrolaJuanTemboury,DirectorGeneral,Fortia

Table 2 LaenergíaenlaestrategiaeconómicadeEspañaLuisMaríaAtienza,Presidente,RedEléctricadeEspañaAntonioLlardén,Presidente,EnagásJuanLuisLópezCardenete,DirectorGeneral,UniónFenosayprofesordelIESEModerador: Prof. Xavier Vives, IESE


Report 2008-2009

IXPublicService–PrivateManagementColloquium:¿Quédebenhacerlospoderespúblicosparaayudarasuperarlacrisiseconómicayempresarial?Barcelona, June 19, 2009

OpeningSr.CarlosCavallé,Presidente,CentroSectorPúblico-SectorPrivado,IESESr.AndreuMorillas,SecretariodeEconomía,Departamentd´EconomiaiFinances,GeneralitatdeCatalunyaSr.JoaquimTriadú,VicepresidenteCentroSectorPúblico-SectorPrivado,IESEySocio,Garrigues

Round TableLasmedidasdelsectorfinancieropúblicoydelsectorfinancieroprivado(bancosycajasdeahorro)enelimpulsoalaactividadproductivaentiemposdecrisis.¿Soneficaces?Sr.JosepM.Ayala,ConsejeroDelegado,InstitutoCatalándeFinanzasSr.JoanRamonRovira,JefedeGabinetedeEstudiosEconómicos,CambradeComerçdeBarcelona Sr.FerranViladomat,SubdirectorGeneralyDirectordeRiesgos,CaixaManresaSr.CarlesVentura,SubdirectorGeneral,BancoSabadellModerator:Sr.JordiGual,ProfesordeEconomía,IESE

Conference ElretodelSectorPúblicoantelacrisisProf.XavierVives,DirectorAcadémico,CentroSectorPúblico-SectorPrivadoyProfesordeEconomíayFinanzas,IESE

Políticaspúblicasdeapoyoalaactividadeconómicaprivada:¿realidadoficción?Sr.JosepMateu,Presidente,FemcatyDirectorGeneral,RACCSr.MateuHernández,GerentedePromociónEconómica,AjuntamentdeBarcelonaSr.JaumeFerrer,SocioResponsabledeConsultoríaparaEuropa,AccentureSr.AntoniSoy,SecretariGenerald´IndústriaiEmpresa,GeneralitatdeCatalunyaModerator:Sr.JoaquimTriadú,VicepresidenteCentroSectorPúblico-SectorPrivado,IESE

ConferenceDavidVegara,Ex-SecretariodeEstadodeEconomía,MinisteriodeEconomíayHaciendaModerator:Prof.XavierVives,DirectorAcadémico,CentroSectorPúblico-SectorPrivadoyProfesordeEconomíayFinanzas,IESE

ClosingSr.MiquelValls,Presidente,CambradeComerçdeBarcelona


Activity Report 2008-2009

XResearchWorkshoponIndustrialOrganization:TheTelecomsIndustryBarcelona, February 10

ForeclosingCompetitionthroughAccessChargesandPriceDiscriminationPatrickREY(TSE,GREMAQeIDEI)ÁngelL.LóPEZ(SP-SPCenter,IESEBusinessSchool)Discussant:AlbertBANAL-ESTANOL(CityUniversityLondon)

Aretailbenchmarkingapproachtoefficienttwo-wayaccesspricing:termination-basedpicediscriminationwitheasticsubscriptiondemandSjaakHURKENS(CSIC-IAEandSP-SPCenter,IESEBusinessSchool)Doh-ShinJEON(TSE,SP-SPCenter,IESEBusinessSchoolandUniversitatPompeuFabra)Discussant:JoanCALZADA(UniversitatdeBarcelona,IREA)

TestingtheWaterbedEffectinMobileTelephonyTommasoVALLETTI(ImperialCollegeBusinessSchool)ChristosGENAKOS(UniversityofCambridge)Discussant:FrancescTRILLAS(UniversitatAutònomadeBarcelona)

Report: CompetitionandRegulationintheSpanishTelecomsMarketÁngelL.LóPEZ(SP-SPCenter,IESEBusinessSchool)Discussants:JordiGUAL(“laCaixa”eIESE)andíñigoHERGUERA(CMT)


Report 2008-2009

XIResearchWorkshoponIndustrialOrganization:MarketsandSocietyBarcelona, March 10, 2009

MarketandlinguisticdiversityRamonCAMINAL(Institutd’AnàlisiEconòmica)SeepresentationDiscussant:InésMACHO(UniversitatAutònomadeBarcelona)

ADynamicAnalysisofHumanWelfareinaWarmingPlanetHumbertoLLAVADOR(UniversitatPompeuFabra)JohnE.ROEMER(YaleUniversity)JoaquimSILVESTRE(UniversityofCalifornia)See presentationDiscussant:FabrizioGERMANO(UniversitatPompeuFabra)

Voluntary Contributions vote out public ones Juan-JoséGANUZA(UniversitatPompeuFabra,SP-SP,Center)AleixCALVERAS(UniversitatdelesIllesBalears)GerardLLOBET(CEMFI)Discussant:PedroREY(UniversitatAutònomadeBarcelona)

OntheRhetoricalStrategiesofLeaders:SpeakingClearly,StandingBack,andSteppingDownDavidMYATT(UniversityofOxford),TorunDEWAN(LondonSchoolofEconomics)See presentationDiscussant:JanEECKHOUT(UniversitatPompeuFabra)


Report 2008-2009

www.iese.edu/sp-sp

REPORTS OF THE PUBLIC-PRIVATE SECTOR RESEARCH CENTER

Reports of the Public-

Private Sector Research Center

Competition and Regulation in the Spanish Gas and Electricity Markets

Giulio Federico and Xavier Vives

With the collaboration of Natalia Fabra

Reports of the Public-

Private Sector Research Center

Competitiveness in Catalonia. Selected Topics

Pankaj Ghemawat and Xavier Vives

Informes del Centro Sector Público-

Sector Privado

Competencia y Regulación en los Mercados Españoles de las Telecomunicaciones

Ángel Luis López

With the collaboration of

Sandra Jódar-Rosell


Report 2008-2009

CaminodelCerrodelÁguila,3(Ctra.deCastilla,km5,180)28023 Madrid, SpainTel.: +34 91 211 3000Fax: +34 91 357 2913

Av. Pearson, 2108034 Barcelona, SpainTel.: +34 93 253 4200Fax: +34 93 253 4343

www.iese.edu/sp-sp

Documents

Public-Private Sector Research Center Report 2008-2009 › ... › 2 › 2018 › 11 › PPSRC-08-09.pdf · Public-Private Sector Research Center • 3 1. LETTER FROM THE DIRECTOR