Professor of Economics
Director of the MPhil in Technology Policy Programme
Director of Studies in Management and Fellow of Fitzwilliam College
BSc (University of Athens), MSc (University College London), PhD (London Business School)
My research interests include applied microeconomics, industrial organisation, competition policy and regulation, productivity and management, incentives and performance and behavioural economics. I’m associated with the Centre for Economic Performance (CEP) in the London School of Economics and the Centre for Economic Policy Research (CEPR) and currently a member of the Economic Advisory Group on Competition Policy (EAGCP) of the Chief Economist of the EU’s DG Competition Commission and have advised many leading firms on regulation, antitrust and pricing related issues.
I’m a member of the Economics and Policy subject group at Cambridge Judge Business School, which analyses how economics can improve growth, business performance, and quality of life.
Professional experience
Professor Genakos is an Associate Researcher at the Centre for Economic Performance (CEP) in the London School of Economics and a Research Fellow in the Industrial Organization programme of the Centre for Economic Policy Research (CEPR).
He is also currently a member of the Economic Advisory Group on Competition Policy (EAGCP) of the Chief Economist of the European Union’s DG Competition Commission.
He has advised many leading firms on regulation, antitrust and pricing related issues and has consulted with international organisations such as the Organisation for Economic Co-operation and Development (OECD) on competition and regulation issues in various countries.
Previous appointments
Before joining Cambridge Judge Business School, Professor Genakos worked as Lecturer, Fellow and Director of Studies in Economics at Selwyn College, University of Cambridge, and as Assistant Professor in the Economics Department of the Athens University of Economics and Business. He has held visiting positions at the Collegio Carlo Alberto (Autumn 2010) and at the Economics Department of Yale University (Spring 2016).
Publications
Selected publications
- Genakos, C., Valletti, T.M. and Verboven, F. (2018) “Evaluating market consolidation in mobile communications.” Economic Policy, 33(93): 45-100 (DOI: 10.1093/epolic/eix020)
- Genakos, C. and Valletti, T. (2015) “Evaluating a decade of mobile termination rate regulation.” Economic Journal, 125(586): F31-F48 (DOI: 10.1111/ecoj.12194)
- Genakos, C. and Pagliero, M. (2012) “Interim rank, risk taking and performance in dynamic tournaments.” Journal of Political Economy, 120(4): 782-813
- Bloom, N., Genakos, C., Sadun, R. and Van Reenen, J. (2012) “Management practices across firms and countries.” Academy of Management Perspectives, 26(1): 12-33 (DOI: 10.5465/amp.2011.0077)
- Genakos, C. and Valletti, T. (2011) “Testing the ‘waterbed’ effect in mobile telephony.” Journal of the European Economic Association, 9(6): 1114-1142 (DOI: 10.1111/j.1542-4774.2011.01040.x)
- Bloom, N., Genakos, C., Martin, R. and Sadun, R. (2010) “Modern management: good for the environment or just hot air?” Economic Journal, 120(544): 551–572 (DOI: 10.1111/j.1468-0297.2010.02351.x)
Journal articles
- Dimitrakopoulou, L., Genakos, C., Kampouris, T. and Papadokonstantaki, S. (2024) “VAT pass-through and competition: evidence from the Greek islands.” International Journal of Industrial Organization, 97: 103110 (DOI: 10.1016/j.ijindorg.2024.103110)
- Genakos, C., Lamprinidis, A. and Walker, J. (2023) “Evaluating merger effects.” Managerial and Decision Economics, 44(6): 3325-3345 (DOI: 10.1002/mde.3881)
- Genakos, C., Roumanias, C. and Valletti, T. (2023) “Is having an expert ‘friend’ enough? An analysis of consumer switching behavior in mobile telephony.” Journal of Economic Behavior and Organization, 213: 359-372 (DOI: 10.1016/j.jebo.2023.07.004)
- Genakos, C. and Pagliero, M. (2022) “Competition and pass-through: evidence from isolated markets.”American Economic Journal: Applied Economics, 14(4): 35-57 (DOI: 10.1257/app.20200863)
- Dimas, A. and Genakos, C. (2020) “Exploring the long-term impact of maximum markup deregulation.” Anali Pravnog Fakulteta u Beogradu, 68(4): 5-29 (DOI: 10.51204/anali_pfub_20401a)
- Cave, M., Genakos, C. and Valletti, T. (2019) “The European framework for regulating telecommunications: a 25-year appraisal.” Review of Industrial Organization, 55(1): 47-62 (DOI: 10.1007/s11151-019-09686-6)
- Genakos, G. and Pollitt, M. (2019) “Introduction to the special issue in ‘Celebrating 25 years of the EU Single Market’.” Review of Industrial Organization, 55(1): 1-4 (DOI: 10.1007/s11151-019-09690-w)
- Genakos, C. (2018) “The tale of the two Greeces: some management practices lessons.” Managerial and Decision Economics, 39(8): 888-896 (DOI: 10.1002/mde.2971)
- Genakos, C., Koutroumpis, P. and Pagliero, M. (2018) “The impact of maximum markup regulation on prices.” Journal of Industrial Economics, 66(2): 239-300 (DOI: 10.1111/joie.12175)
- Genakos, C., Kühn, K.-U. and Van Reener, J. (2018) “Leveraging monopoly power by degrading interoperability: theory and evidence from computer markets.” Economica, 85(340): 873-902 (DOI: 10.1111/ecca.12257)
- Genakos, C., Valletti, T.M. and Verboven, F. (2018) “Evaluating market consolidation in mobile communications.” Economic Policy, 33(93): 45-100 (DOI: 10.1093/epolic/eix020)
- Genakos, C., Pagliero, M. and Garbi, E. (2015) “When pressure sinks performance: evidence from diving competitions.” Economics Letters, 132: 5-8 (DOI: 10.1016/j.econlet.2015.04.005)
- Genakos, C. and Valletti, T. (2015) “Evaluating a decade of mobile termination rate regulation.” Economic Journal, 125(586): F31-F48 (DOI: 10.1111/ecoj.12194)
- Bloom, N., Genakos, C., Sadun, R. and Van Reenen, J. (2012) “Management practices across firms and countries.” Academy of Management Perspectives, 26(1): 12-33 (DOI: 10.5465/amp.2011.0077)
- Genakos, C. and Pagliero, M. (2012) “Interim rank, risk taking and performance in dynamic tournaments.” Journal of Political Economy, 120(4): 782-813
- Genakos, C. and Valletti, T. (2012) “Regulating prices in two-sided markets: the waterbed experience in mobile telephony.” Telecommunications Policy, 36(5): 360-368 (DOI: 10.1016/j.telpol.2011.12.014)
- Genakos, C. and Valletti, T. (2011) “Seesaw in the air: interconnection regulation and the structure of mobile tariffs.” Information Economics and Policy, 23(2): 159-170 (DOI: 10.1016/j.infoecopol.2011.01.005)
- Genakos, C. and Valletti, T. (2011) “Testing the ‘waterbed’ effect in mobile telephony.” Journal of the European Economic Association, 9(6): 1114-1142 (DOI: 10.1111/j.1542-4774.2011.01040.x)
- Bloom, N., Genakos, C., Martin, R. and Sadun, R. (2010) “Modern management: good for the environment or just hot air?” Economic Journal, 120(544): 551–572 (DOI: 10.1111/j.1468-0297.2010.02351.x)
Special issues of journals
- Genakos, G. and Pollitt, M. (eds.) (2019) “Special issue on celebrating 25 years of the EU Single Market.” Review of Industrial Organization, 55(1)
Book chapters
- Genakos, C., Katsoulakos, Y. and Houpis, G. (2017) “Product market regulation and competitiveness: towards a national competition and competitiveness policy in Greece.” In: Meghir, C., Pissarides, C.A., Vayanos, D. and Vettas, N. (eds.) Beyond austerity: reforming the Greek economy. Boston, MA: MIT Press, 139-178
- Genakos, C. (2013) “Product market reforms in Greece: learning from the past to move forward.” In: Choupres, M. and Edquist, H. (eds.) What can we learn from economic reforms in Greece and Sweden? Falun: European Liberal Forum, pp.97-141
- Lianos, I. and Genakos, C. (2013) “Econometric evidence in EU competition law: an empirical and theoretical analysis.” In: Lianos, I. and Geradin, D. (eds.) Handbook on European competition law: enforcement and procedure. Cheltenham: Edward Elgar, pp.1-137
- Genakos, C. and Valletti, T. (2010) “Mobile regulation and the ‘waterbed’ effect.” In: Falch, M. and Markendahl, J. (eds.) Promoting new telecom infrastructures: markets, policies and pricing. Cheltenham: Edward Elgar, pp.284-299
News and insights
Insight
Sun, sea and economics
The 33 smallest islands of Greece are an idyllic place to examine the important link between competition and tax rise 'pass-through', says a new study co-authored by Christos Genakos of Cambridge Judge.
Insight
The EU single market at 25
A conference at Cambridge Judge marked the 25th anniversary of the European Union's single market, in advance of a special issue of the Review of Industrial Organisation journal. There has been much progress, but plenty of work remains to translate institutional change into greater consumer benefit. The European Union's border-free "single market" came into effect on 1 January 1993, and to mark its 25th anniversary a special issue of the Review of Industrial Organization journal will be published early next year with eight papers on a variety of topics related to the single market. The guest editors of the special journal issue are Cambridge Judge Business school faculty members Michael Pollitt, Professor of Business Economics, and Christos Genakos, University Senior Lecturer in Economics, who organised a conference at Cambridge Judge on 20 April entitled "Review of Industrial Organization Celebrating 25 Years of the EU Single Market". "Several presentations focused on how significant progress has been made in integration over the past quarter-century, but a lot of work remains to be done in certain areas," says Christos. "Some of the impressive institutional reform has not yet had a dramatic effect on consumers, so that's an area we'll look closely at in…
Paper co-authored by Dr Christos Genakos of Cambridge Judge is nominated as best article in the Antitrust Writing Awards. A research paper on mobile phone consolidation co-authored by Dr Christos Genakos, University Senior Lecturer in Economics at Cambridge Judge Business School, has been nominated as best article in the Antitrust Writing Awards organised by the Institute of Competition Law. The winning article will be announced at a dinner in Washington on 10 April. The article forthcoming in the journal Economic Policy finds that more concentrated markets lead to higher end-user prices and higher investment per mobile operator. The research is based on data from 33 OECD countries over a 12-year period (2002-2014). Entitled "Evaluating market consolidation in mobile communications", the article argues that regulatory authorities should take seriously the potential trade-off between market power effects and efficiency gains stemming from consolidation. The article is co-authored by Dr Christos Genakos of Cambridge Judge, Professor Tommaso Valletti of Imperial College London, and Professor Frank Verboven of the University of Leuven.…
Media coverage
Qrius | 15 December 2021
When oligopolies confuse consumers, beware the rise of confusopoly
A study on the UK mobile telecommunications market before the introduction of 4G services co-authored by Dr Christos Genakos, Professor of Economics at Cambridge Judge Business School, is featured in Qrius.
Greek Reporter | 16 January 2020
Greece appoints internationally-recognised experts to shape nation’s growth plan
The Greek government has formed a special commission to work on a new “Growth Plan” for the country’s economy. The commission includes academics and business executives who will share their knowledge and experience to draft the new economic policy. Dr Christos Genakos, Reader in Economics at Cambridge Judge Business School, was appointed to the commission and will work with other members on the new report.
Capacity Media | 30 April 2018
T-Mobile US to take over Sprint to create $146 billion company
Dr Christos Genakos, University Senior Lecturer in Economics at Cambridge Judge Business School, comments on the T-Mobile – Sprint case: “Consolidation leads to higher prices as well as higher per-firm investment. The question for competition authorities is to find the right balance and to make sure that healthy competition exists – not just today but also tomorrow.”
The Conversation, 2 November 2017
Weightlifters and divers offer a lesson for business in risk and
Cambridge Business Magazine, 1 June 2017
Why pay less when you can pay more?