Portrait of Giulio Federico

Dr Giulio Federico : Partner

Giulio has over 20 years’ experience as a professional economist in the field of competition policy and energy, including ten years as an economic consultant in the private sector and around 12 years in the European Commission.

During his time at the European Commission, he was Head of Unit in the Chief Economist Team of DG Competition, where he led the economic analysis on numerous merger investigations (including over 25 Phase II mergers) and on several antitrust matters in the energy, pharmaceutical and digital sectors. He was also Deputy Director and Head of Unit in the taskforce managing the funds of the Recovery and Resilience Facility (Next Generation EU), with responsibilities for the energy and environmental aspects of the Facility, as well as for the Spanish Recovery Plan.

He has been an external faculty member of the Barcelona Graduate School of Economics since 2007, and was the President of the Association of Competition Economics in 2014 and 2015. He was also a Research Fellow at IESE Business School between 2007 and 2011.

He holds a DPhil in Economics from the University of Oxford (Nuffield College). He has published several academic and policy papers in the field of competition policy and energy (including articles in the International Journal of Industrial Organization, the Review of Industrial Organization, the Journal of Regulatory Economics, and the National Bureau of Economic Research).

Giulio speaks Italian, English, and Spanish.

Tel: +32 2793 0700

Giulio's specialisms include:

Selected
professional experience

  • Led the economic team of DG Competition on the Aspen excessive pricing case (2019–20)

  • Economic assessment of remedies in the Google Android and Google Shopping cases, as part of the DG Competition team (2017–20)

  • Led the economic team of DG Competition on the assessment of the Dow/DuPont merger—innovation concerns and assessment of remedies (2016–17)

  • Led the economics team of DG Competition on the assessment of the General Electric/Alstom merger—analysis of bidding data and of remedies (2014–15)

  • Led the economics team of DG Competition on the assessment of several mergers in mobile telephony markets (in Austria, Germany, Spain, Denmark and Italy)—analysis of unilateral and coordinated effects, and of remedies (2012–18)

  • Led the economics team of DG Competition on the assessment of the Ineos/Solvay merger—analysis of unilateral effects and of remedies (2013–14)

Selected
publications

  • Federico, G. and Coublucq, D. (2023), ‘Bidding analysis and innovation concerns in merger control: General Electric/Alstom’, in J. Kwoka, T. Valletti and L. White (eds), Antitrust Economics at a time of Upheaval: Recent competition policy cases on two continents.

  • Federico, G., Mncube, L. and Motta, M. (2022), ‘The Assessment of Exclusive Contracts: The Competition Case Against Computicket in South Africa’, Review of Industrial Organization, 60.

  • Federico, G., Scott Morton, F. and Shapiro, C. (2020), ‘Antitrust and Innovation: Welcoming and Protecting Disruption’, Innovation Policy and the Economy, 20, National Bureau of Economic Research.

  • Federico, G., Langus, G. and Valletti, T. (2018), ‘Horizontal mergers and product innovation’, International Journal of Industrial Organization, 59.

  • Federico, G. (2017), ‘Horizontal mergers, innovation and the competitive process’, Journal of European Competition Law & Practice, 8:10, (Winner of the Antitrust Writing Award 2018 for Best Academic Article in the Mergers Category).

  • Federico, G., Langus, G. and Valletti, T. (2017), ‘A simple model of mergers and innovation’, Economics Letters, 157.

Qualifications

  • PGDip in European Competition Law, King’s College London, UK

  • DPhil and MPhil in Economics, University of Oxford, UK

  • BA Politics, Philosophy and Economics, University of Oxford, UK