Tommaso M. Valletti is Professor of Economics at

Imperial College Business School Imperial Business School is the business school of Imperial College London, based in the Royal Borough of Kensington and Chelsea in London, United Kingdom. Established in 2003, the business school was opened by Elizabeth II, Queen Elizabeth II. ...

, and also Professor of Economics at the

University of Rome Tor Vergata University of Rome Tor Vergata, also known as the University of Tor Vergata (), is a public research university located in Rome, Italy. Located in the southeastern suburb of Rome, the university combines a liberal arts tradition with emphasis on ...

(Italy). He is a Fellow of CEPR. He is a Non-Executive Director to the board of the UK's Payment Systems Regulator. He was the Chief Competition Economist of the European Commission's

Directorate-General for Competition Within the European Union (EU), Directorates-General are departments with specific zones of responsibility. Within the European Commission specifically, Directorates-General are the equivalent of national-level ministries. Most are headed by a ...

(DG COMP) in Brussels between September 2016 and August 2019. He was a Non-Executive Director to the board of the Financial Conduct Authority in London between 2019 and 2022. In the period 2010-2012 he held the chair in “Innovation and Regulation of Digital Services” at

Telecom ParisTech Telecom may refer to: * Telecommunications ** A telecommunications company ** The telecommunications industry * Telecom Animation Film, a Japanese studio See also * Telcom (disambiguation) * Telekom (disambiguation) * List of telecommunication ...

and Ecole Polytechnique in Paris. Valletti ranks among the top 2% of economists registered on

IDEAS/RePEc Research Papers in Economics (RePEc) is a collaborative effort of hundreds of volunteers in many countries to enhance the dissemination of research in economics. The heart of the project is a decentralized database of working papers, preprints, ...

Education and career

Tommaso holds a magna cum laude degree in engineering and a flute diploma from Turin. He also earned an MSc and PhD in economics from the

London School of Economics The London School of Economics and Political Science (LSE), established in 1895, is a public research university in London, England, and a member institution of the University of London. The school specialises in the social sciences. Founded ...

. He currently serves as the Head of the Department of Economics and Public Policy at

Imperial College London Imperial College London, also known as Imperial, is a Public university, public research university in London, England. Its history began with Prince Albert of Saxe-Coburg and Gotha, Prince Albert, husband of Queen Victoria, who envisioned a Al ...

, where he has been working in shaping academic research on economic competition and public policy.

Research

Valletti’s research focuses on

Industrial Organization In economics, industrial organization is a field that builds on the theory of the firm by examining the structure of (and, therefore, the boundaries between) firms and markets. Industrial organization adds real-world complications to the per ...

and ways to improve public interventions in markets. In work with Christos Genakos, Valletti finds evidence of a “waterbed effect” in mobile phones – whereby the regulatory pressure to cut certain network fees, can cause another set of prices to rise. Still in the telecoms industry, in work with Gabriel Ahlfeldt and Pantelis Koutroumpis, he devises a method to infer the willingness-to-pay for high-speed broadband internet via the impact that the rollout of the internet had on property prices in the UK. In work with Alessandro Gavazza and Mattia Nardotto, he finds that the rollout of the internet had a negative impact on voter turnout in UK elections. With Giulio Federico and Greg Langus, he analyzes the impact that mergers have on innovation. In the absence of efficiencies and spillovers, they find a negative effect on consumer welfare and develop an “innovation theory of harm” that found application in

antitrust Competition law is the field of law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies. Competition law is implemented through public and private enforcement. It is also known as antitrust l ...

cases such as the merger between Dow and Dupont, and Bayer and Monsanto. His most cited work is on the identification of corruption and inefficiency in public procurement, in joint work with

Oriana Bandiera Oriana Bandiera, FBA (born 26 August 1971) is an Italian development economist and academic, who is currently the Sir Anthony Atkinson Professor of Economics at the London School of Economics. Her research focuses on development, labour, and ...

and

Andrea Prat Andrea Prat (born 1967) is an Italian economist. He is the Richard Paul Richman Professor of Business and professor of economics at Columbia University. He first studied economics at the University of Turin and then obtained his PhD in 1997 at St ...

.https://www.aeaweb.org/articles?id=10.1257/aer.99.4.1278

References

{{DEFAULTSORT:Valletti, Tommaso Living people Italian economists Academics of Imperial College London Alumni of the London School of Economics Academic staff of the University of Rome Tor Vergata Year of birth missing (living people)