Panel "Taming the Big Five"
On November 2, 2017, Paul de Bijl participates in a panel "Taming the big five", on the impact and regulation of the big internet companies on society (Google, Apple, Microsoft, Amazon and Facebook). The panel session takes place at the Nederlandse Economendag at DNB (Amsterdam). Other panel members are: professor Eric van Damme (Tilburg University), Professor José van Dijck (President KNAW and UU), Thomas Faber (Ministry of Economic Affairs). It is chaired by Focco Vijselaar (chief economist Ministry of Economic Affairs).
Conference on foreign takeovers in vital sectors
On October 12, 2017, Paul de Bijl will participate in a panel debate at a conference on ownership, control rights and the (un)desirability of foreign takeovers in vital infrastructures, at the National Academy for Finance and Economics (The Hague). Other panel members are Professor Saskia Lavrijssen (Tilburg University), Professor Bas de Jong (Radboud University) and Focco Vijselaar (chief economist Ministry of Economic Affairs).
Executive course on the Economics of Public Policy
FinTech, public interests and the payment system
On September 7, 2017, ESB Dossier "Innovatie in betalen" was published. It includes an article by Paul de Bijl (Radicand Economics and Utrecht University) and Michiel van Leuvensteijn (ACM), "De invloed van fintech op publieke belangen in het betalingsverkeer". The article is available here.
Netherlands Economists Day 2017
On Friday November 3, 2017, the Netherlands Economists Day (NED) will take place at the Dutch Central Bank (Amsterdam). This day provides economists working in the Netherlands with an opportunity to discuss relevant economic issues. There will be policy sessions on the digital economy, the circular economy and policy experiments (among others), and the KVS-Tinbergen lecture by professor Dani Rodrik (Harvard University). For information and registration see the NED website. Paul de Bijl is a member of the "Comité van Aanbeveling".
The energy transition and the relevance of shareholders
On August 14, 2017, the Dutch newspaper Het Financieele Dagblad published an op-ed by Paul de Bijl (in Dutch) on the relevance of shareholders in the energy sector. The energy transition is complex and has a large impact, while outcomes are uncertain. Therefore the signature of shareholders matters. Ownership changes call for a careful and thorough deliberation. See also the study by Radicand Economics (in Dutch) on this topic.
Extension of appointment of NGAs to ACM
In July 2017, the board of the Authority Consumers and Markets (ACM) extended the appointment of the five non-governmental advisors (NGAs), of which Paul de Bijl is one. The (pro bono) NGAs are active in the International Competition Network (ICN) and they periodically discuss strategic issues (not competition cases) with the board of ACM. For more background information, see the earlier press release (in Dutch) on the initial appointment of the NGAs.
Big data and competition
Paul de Bijl contributed, as a member of the reviewing expert group, to a study on Big data and competition by Ecorys, commissioned by the Ministry of Economic Affairs. The report identifies five factors that affect how the use of data may lead to market power. It is an annex to a letter from July 10, 2017, by the Minister of Economic Affairs to inform Parliament about competition policy. The report is available here.
Ownership of energy companies during the energy transition
Eneco Groep asked Radicand Economics to analyze ownership and public interests related to the energy transition. Ownership matters due to "contractual incompleteness": legislation and regulation cannot adequately deal with certain market failures. Ownership of an energy company provides indirect influence and control on the implementation of its mission and strategy, which may make the difference when legislation and regulation fall short. The implication is that the characteristics of shareholders are relevant. Since the energy transition is complex and involves fundamental uncertainties, it is wise to thoroughly reflect on changes in ownership. The report (in Dutch) is available here.
What does the future hold for telecoms?
What is the impact of All-IP, emerging OTT players, fixed-mobile convergence, new business models, etc. on telecoms operators? On June 15, 2017, IDATE DigiWorld publishes a special issue of the DigiWorld Economic Journal (No. 106, 2nd quarter 2017) on these questions, edited by Paul de Bijl (Radicand Economics), Richard Feasey (Fronfraith Ltd, London), Denis Lescop (Télécom Ecole de Management, Institut Mines-Télécom, Paris) and Yves Gassot (IDATE DigiWorld, Montpellier).