Expertise
Expertise
The Regulation and Competition section has considerable experience in research into the functioning of markets , regulation and competition. Its staff possess a thorough knowledge of microeconomics and industrial organisation, fields which form the basis for competition and regulation analyses. In our research into the functioning of (free) markets, we always weigh up the benefits of correcting market failures against the costs of possible government failures in the event of intervention. In so doing, we follow what is known as the "calculus of the public interest".
We also have a lot of experience with practicable quantitative techniques. In assessing competitive relationships, quantitative arguments usually play an important role. Measuring market concentration, quantifying and predicting responses by market players and modelling strategic behaviour is often an essential part of the research. Moreover, difficult-to-measure qualitative elements like consumer satisfaction and quality of service are important. Over the years SEO has developed useable methods to gauge them. Naturally, section staff are highly experienced in qualitative research methods such as telephone and personal interviews and dialogue sessions (workshops).
Evaluation studies
As well as conducting typical industrial-organisation research, the section also performs evaluation studies. These use both qualitative and quantitative techniques to look at the (cost-)effectiveness and efficiency of regulation or other instruments. Is it achieving its objectives, and is it doing so at the lowest possible regulatory cost and with a minimum of market disruption?
Social cost-benefit analysis
Another research method used frequently by the Regulation and Competition section is the social cost-benefit analysis (SCBA). This can be defined as a complete overview of the wealth effects of policy – that is, all aspects affecting our financial position and our general well-being – expressed in monetary terms. This means that it includes environmental effects, for example. With considerable expertise and experience in valuation methods, the section is able to put a price tag on items even when they are not goods traded in markets. Examples include noise pollution from aircraft, natural beauty and the cost per minute of power cuts (security of supply).
Academic work
SEO Economic Research is a not-for-profit organisation and is constantly investing in its human intellectual capital by encouraging PhD studies, academic publications, participation in knowledge networks and attendance at conferences. Joost Poort is currently working on a PhD thesis: Government involvement in broadband and convergence: why, where, how and when?