Christos Genakos, Tommaso Valletti, Frank Verboven, 16 June 2017

Europe is experiencing a wave of mergers in the telecommunications industry. This column argues that an increase in market concentration in the mobile industry generates an important potential trade-off: while consolidation increases prices, investment per operator also goes up. Competition and regulatory authorities should be open to the potential trade-off between market power effects and efficiency gains from agreements between firms.

Nitika Bagaria, Dawn Holland, Jonathan Portes, John Van Reenen, 14 August 2012

While most economists agree that the UK and other countries need to cut back to ensure the sustainability of their public finances, the debate rages over when and by how much. This column argues that the timing matters – starting too early, before the economy has recovered, will have substantial economic costs.

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