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.

Maya Eden, Paul Gaggl, 23 October 2015

Conventional wisdom suggests that there is too little ICT capital in poor countries and evidence show that they are indeed relatively less ICT abundant. This column discusses new evidence that this variation is not unwarranted – deviations from an estimated baseline level of ICT capital are not correlated with per capita income. This suggests that there are no systematic barriers to ICT adoption in low-income countries. They have less ICT capital since their economies are different.

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CEPR Policy Research