The Complutense University of Madrid

The Department of Economic Analysis and Quantitative Economics at the Complutense University of Madrid (UCM) covers several areas: micro and macroeconomics, financial economics, growth, industrial organization, econometrics and environmental economics. The researchers of the Department organise conferences, seminars and workshops on a regular basis and participate in master and doctoral programs with other institutions in Spain.

The Instituto Complutense de Análisis Económico (ICAE) was created as an initiative of the professors of various Departments. This centre finances research activities on a recurring basis through specific training programmes, with the frequent participation of public institutions (National Institute of Statistics, telecommunications and competition regulatory authorities), private institutions (companies in regulated sectors, such as telecommunications) or Spanish and European research centres.

For this project, the UCM group is composed by three researchers: Iñigo Herguera (who is the coordinator of the node), Rafael López and Angel Valarezo. Teresa Garín (UNED) also participates as an associate researcher.


Iñigo Herguera (coord.)

has worked for ten years at the Spanish telecommunications regulator (Comisión Nacional de los Mercados y la Competencia) from where he has directed two international working groups of interest for the line of work of this project: on the one hand he has been the director of the group of experts in Benchmarking of the Board of Regulators for Electronic Communications of the EU (BEREC), group in which he directed and coordinated work related to indicators, measurement methodologies and price analysis, coverage, penetration and demand for final services. Herguera has also been the director of the annual conference in which the International Telecommunication Union gathers the «Expert Group on Telecom and ICT Indicators». 

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Rafael López

…has worked for the last 10 years in Telecommunications Economics, focusing his research on market failures on the demand side and on the study of drivers and barriers to ICT adoption in households. Recently he has dedicated himself to building a 2007-2018 panel database of the equipment and use of ICTs in Spanish households, using the micro data from the annual survey carried out by the INE. His work has been published in journals such as Telecommunications Policy and Tourism Economics.  


Teodosio Pérez Amaral
…Full professor of Economics at the Universidad Complutense de Madrid, Spain. He has published in international refereed journals such as Journal of Econometrics, Tourism Economics, Oxford Bulletin of Economics and Statistics, Econometric Theory, Telecommunications Policy, Information Economics and Policy, and Applied Economics, among others.

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Angel Valarezo

…Postdoctoral Researcher at the Instituto Complutense de Análisis Económico, Universidad Complutense de Madrid, Spain. He has a Ph.D. in Economics from Universidad Complutense de Madrid (UCM), a Master in e-Commerce from UCM, a Master in Telecommunications Management from Universidad Politécnica de Madrid, and a B.A. in Business and Administration from UCM. His research articles have been published in Telecommunications Policy and in Applied Economics in the Digital Era (A Palgrave Mamillan book in honor of Gary Madden). His research areas of interest are: Digital and Telecommunications Economy, Quantitative Models of Adoption and Use of Digital Services, E-commerce, Digital Divide, Digitization, and Individual Digital Skills. He has a professional background as Digital Project Manager, Consultant, Marketing Manager, and Digital Entrepreneur.

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Associated Researchers 

Teresa Garín Muñoz

…Full professor of Economics at the National Distance Education University (UNED) in Spain. She has been a Visiting Scholar at the University of California San Diego.
Her research interests are in microeconomics (demand modelling, consumer satisfaction, consumer protection). Most of her research has been devoted to the areas of tourism and telecommunications. She has published in international refereed journals, including Telecommunications Policy, Information Economics and Policy, Tourism Management, Tourism Economics, International Journal of Tourism Research and Applied Economics. Simultaneously with her teaching and research work, she has held various management and representation positions at the university. She is currently director of the Department of Economic Analysis, member of the Board of Faculty of Economic Sciences, and member of the Board of Governors of the UNED.

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