Dr. Pedro L. Marín is an economic expert on regulation and competition in various sectors, particularly energy, telecommunications, and transportation, and in valuation and microeconomics. Since joining Brattle he has directed numerous projects and provided testimony in international disputes and commercial arbitrations under the International Chamber of Commerce (ICC) Rules, before the Inter-American Commercial Arbitration Commission (IACAC), the International Centre for Settlement of Investment Disputes (ICSID), the United Nations Commission on International Trade Law (UNCITRAL), the Commercial Arbitration Court in Madrid (Corte Civil y Mercantil de Arbitraje), the Madrid Arbitration Chamber (Corte de Arbitraje de la Cámara Oficial de Comercio e Industria de Madrid) and in one ad hoc arbitration. He has also given testimony in competition cases before antitrust authorities and in cases before the Spanish Courts. Many of these cases include the estimation of damages. He has recently submitted expert reports in energy, telecommunications and broadcasting, construction and environmental damages, and the retail services sector. He also has provided regulatory advice to investors and regulatory authorities.
Between April 2008 and January 2011 he served as Secretary General and as Secretary of State for Energy in Spain with responsibility for the regulation of electricity and gas markets. Between 2004 and 2008 he was Director of the microeconomic policy department at the Economic Office of the Spanish Prime Minister, supervising regulatory issues and competition in key productive sectors, inter alia. Previously he was a Professor of Economics at the Carlos III University, where he also served as Dean at the Faculty of Law and Economics. His research on competition policy and market structure in regulated sectors has been published in several books and international publications.
Dr. Marin speaks fluent Spanish, English and Italian, and reads French and Portuguese.
For an electricity company in Latin America, presented expert testimony in a commercial arbitration before an International Chamber of Commerce tribunal. The dispute was related to the construction process of a power plant. Dr. Marín’s testimony included the analysis and quantification of physical damages, advanced loss of profits and reputational harm.
For a natural gas company in Latin America, presented expert testimony in a commercial arbitration before an Inter-American Commercial Arbitration Commission tribunal. Dr. Marín proposed a new gas pricing mechanism to reflect changes in market conditions, discussed the proposals made by an opposing expert, and quantified the impacts of alternative proposals.
For a European renewable energy company, calculated lost profits associated with the delay and eventual cancellation of a large PV project due to various regulatory measures challenged in an investor-state dispute submitted to the International Centre for Settlement of Investment Disputes.
For a broadcasting company, presented expert testimony before the Spanish courts. Dr. Marín’s analysis discussed a potential abuse of dominant position through 1) excessive minimum guaranteed payments and 2) a price squeeze. The markets were transmission rights (upstream) and broadcasting (downstream) of a premium sports channel. The report included damage calculations for these two potential abuses.
Presented expert testimony before the competition authority analyzing the market for regulated health products in Spain. Dr. Marín’s testimony evaluated companies’ behavior under different regulatory regimes; compared prices and costs for alternative distribution channels; and discussed whether market structure and available price data were consistent with the alleged cartel activities.
For three different consortia of international investors in the context of three different transactions, provided regulatory advice during the due diligence process related to gas distribution and transmission assets in Spain.
An empirical analysis of the multimarket contact theory in pharmaceutical markets
Published in The European Journal of Health Economics
Hechos y retos de la energía en España: algunos elementos clave de una estrategia energética
Published in Papeles de Economía Española
Reforming Renewable Support in the United States: Lessons from National and International Experience
Prepared for the Bipartisan Policy Center
El dilema energético
Published in Papeles de Economía Española
The London School of Economics, Ph.D. and M.S. in Economics
Universidad de Valencia, Graduate Degree in Economic Science