Imperial College Business School economist takes up senior European role
We are pleased to share that Professor Tommasso Valletti was recently appointed Chief Economist for Competition by the European Commission.
Professor Valletti’s work as a researcher and government advisor models the economic effects of market interventions – particularly on competition.
“Competition is about innovation, keeping prices low, increasing variety and choice,” says Professor Valletti, “but the characteristics of some industries make them more concentrated than others, and concentration brings with it greater market power, and market power in turn means higher prices and less choice…so it’s important to have watchdogs with regulatory powers.”
Read the full story:
As Professor Tommaso Valletti is appointed the EC's Chief Economist for Competition, he discusses the need for collaborative research and regulation.
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