Frank Verboven

Professor of Economics, KU Leuven

Frank Verboven is a professor of economics at the KU Leuven. He is a Research Fellow of the Centre for Economic Policy Research (London), and member of the Economic Advisory Group of Competition Policy at DG-Competition of the European Commission. He was Editor of the Journal of Industrial Economics (2003-2008) and holder of the Chair of Innovation and Regulation at Telecom ParisTech (2012-2015). He served as chairman of the Department of Economics of KU Leuven (2013-2017).

Frank’s research focuses on Industrial Organisation, in particular the econometric analysis of market power, with applications to competition policy and regulation. He has developed tools for merger simulation and for evaluating these tools. He introduced a unified framework for evaluating cartel damages, showing how to account for the passing-on defense under imperfect competition. He has empirically evaluated the impact of vertical restraints such as exclusive territories and exclusive dealing. He also developed empirical models to study the impact of entry on market performance. His research covered a variety of industries, including the European automobile market (vertical restraints and mergers), the telecommunications industry (global and individual countries), pharmaceuticals, health care professions and local service sectors and liberal professions. His work has been published in various top international journals, including the American Economic Review, American Economic Journal: Applied & Policy, RAND Journal of Economics, Review of Economic Studies and the Review of Economics and Statistics.

He teaches industrial organisation, micro-economics and empirical methods for competition policy.

He has advised the European Commission, national competition authorities in several European member states, and many leading companies on various cases, including mergers, cartels and exclusionary practices, and damages from cartels and abuses.

A detailed CV can be downloaded here.

    • PhD in Economics, University of Toronto
    • MA in Economics, Univerisity of Toronto
    • Papers & reports
    Subsidies and Time Discounting in Technology Adoption: Evidence from Solar Photovoltaic Systems
    Frank Verboven, Olivier De Groote, American Economic Review, 109(6), 2137-72, June 2019
    • Papers & reports
    Enrollment and Degree Completion in Higher Education without Admission Standards
    Frank Verboven, Koen Declercq, Economics of Education Review, 66, 223-244, October 2018
    • Papers & reports
    Consumer Valuation of Fuel Costs and Tax Policy: Evidence from the European Car Market
    Frank Verboven, Laura Grigolon, Mathias Reynaert, American Economic Journal: Economic Policy, 10(3), 193-225, August 2018
    • Papers & reports
    Evaluating Market Consolidation in Mobile Telecommunications
    Frank Verboven, Christos Genakos, Tommaso Valletti, Economic Policy, 33 (93), 45-100, January 2018
    • Papers & reports
    The Battle of Traditional Retailers versus Discounters: the Role of Private Label Tiers
    Frank Verboven, Gizem Hökelekli, Lien Lamey, Journal of Retailing and Consumer Services, 39, 11-22, December 2017
    • Papers & reports
    Private Label Line Proliferation and Private Label Tier Pricing: a New Dimension of Competition between Private Labels and National Brands
    Frank Verboven, Gizem Hökelekli, Lien Lamey, Journal of Retailing and Consumer Services, 36, 39-52, December 2017
    • Papers & reports
    The Impact of Online Sales on Consumers and Firms — Evidence from Consumer Electronics
    Frank Verboven, Nestor Duch-Brown, Lukasz Grzybowski, André Romahn, International Journal of Industrial Organization, 52, 30-62, November 2017
    • Papers & reports
    Substitution between Fixed and Mobile Access – The Role of Complementarities
    Frank Verboven, Lukasz Grzybowski, Journal of Regulatory Economics, 49(2), 113-151, October 2016
    • Papers & reports
    Scrapping Schemes in the Financial Crisis – Evidence from Europe
    Frank Verboven, Laura Grigolon, Nina Leheyda, International Journal of Industrial Organization, 44, 41-59, October 2016
    • Papers & reports
    Heterogeneity in the Adoption of Photovoltaic Systems in Flanders
    Frank Verboven, Guido Pepermans, Olivier De Groote, Energy Economics, 59, 45-57, September 2016
    • Papers & reports
    Does Merger Simulation Work? Evidence from the Swedish Analgesics Market
    Frank Verboven, Jonas Björnerstedt, American Economic Journal: Applied Economics, 8(3), 125-164, July 2016
    • Papers & reports
    Exclusive Dealing as a Barrier to Entry? – Evidence from the Car Market
    Frank Verboven, Laura Nurski, Review of Economic Studies, 83, 1156-1188, July 2016
    • Papers & reports
    Socio-economic Status and Enrollment in Higher Education: Do Costs Matter?
    Frank Verboven, Koen Declercq, Education Economics, 23(5), 532-556, June 2015
    • Papers & reports
    Unbundling the Incumbent: Evidence from UK Broadband
    Frank Verboven, Mattia Nardotto, Tommaso Valletti, Journal of the European Economic Association, 13(2), 330-362, March 2015
    • Papers & reports
    Public Support to the European Car Industry: the Impact of the Financial Crisis
    Frank Verboven, Laura Grigolon, Nina Leheyda, Journal of Industry, Competition and Trade, 15(3), 283-321, March 2015
    • Papers & reports
    Entry and Competition in Concentrated Markets with Product Differentiation
    Frank Verboven, Catherine Schaumans, Review of Economics and Statistics, 97(1), 195-209, March 2015
    • Papers & reports
    Nested or Random Coefficients Logit? A Comparison between Alternative Discrete Choice Models of Product Differentiation
    Frank Verboven, Laura Grigolon, Review of Economics and Statistics, 96(5), 916-935, December 2014
    • Papers & reports
    Merger simulation with Nested Logit Demand: Implementation using Stata
    Frank Verboven, Jonas Björnerstedt, Stata Journal, September 2014
    • Papers & reports
    The effects of Environmental Policies in the Car Sector
    Frank Verboven, Economic Journal, 124 (578), F389-F392, June 2014
    • Papers & reports
    Improving the Performance of Random Coefficients Demand Models – the Role of Optimal Instruments
    Frank Verboven, Mathias Reynaert, Journal of Econometrics, 79(1), 83-98, March 2014
    • Papers & reports
    Incumbency Advantages, Distribution Networks and Exclusivity – Evidence from the European Car Markets
    Frank Verboven, Laura Nurski, International Journal of Industrial Organization, 34, 75-79, January 2014
    • Papers & reports
    Market Definition of Broadband Internet in Slovakia: are Fixed and Mobile in the Relevant Market?
    Rainer Nitsche, Frank Verboven, Lukasz Grzybowski, Lars Wiethaus, Information Economics and Policy, 28, 39-56, January 2014
    • Papers & reports
    The Internal Economics of a University – Evidence from Personnel Data
    Frank Verboven, Catherine Haeck, Journal of Labor Economics, 30(3), 591-626, July 2012
    • Papers & reports
    Vertical Control of a Distribution Network – Evidence from Magazines
    Frank Verboven, Stijn Ferrari, RAND Journal of Economics, 43(1), 26-50, April 2012
    • Cartels and other anti-competitive agreements
    • Papers & reports
    Access Regulation, Competition, and Broadband Penetration: An International Study
    Frank Verboven, Jan Bouckaert, Theon van Dijk, Telecommunications Policy, volume 34, issue 11, pp. 661-671, December 2010
    • Papers & reports
    Empirical Analysis of Markets with Free and Restricted Entry
    Frank Verboven, Stijn Ferrari, International Journal of Industrial Organization, 28, 403-406, July 2010