Adding a Warning Label to Rewheel’s International Price Comparison and Competitiveness Rankings

9 Pages Posted: 14 Dec 2020

See all articles by Christian Michael Dippon

Christian Michael Dippon

NERA Economic Consulting

James Alleman

University of Colorado at Boulder - College of Engineering and Applied Science

Teodosio Perez Amaral

Complutense University of Madrid - Facultad de Económicas y Empresariales

Aniruddha Banerjee

Independent Consultant

Gaël Campan

Montreal Economic Institute

Jeffrey Church

University of Calgary - Department of Economics

Robert Crandall

Technology Policy Institute

Eric Fruits

International Center for Law & Economics (ICLE); Portland State University; Economics International Corp.

Bronwyn Howell

Victoria University of Wellington

Jerry A. Hausman

Massachusetts Institute of Technology (MIT) - Department of Economics; National Bureau of Economic Research (NBER)

Justin (Gus) Hurwitz

University of Nebraska at Lincoln - College of Law; International Center for Law & Economics (ICLE)

Mark A Jamison

University of Florida - Warrington College of Business Administration, Public Utility Research Center

Seongcheol Kim

Korea University

Roslyn Layton

Aalborg University

Stanford L. Levin

Southern Illinois University Edwardsville

Daniel Lyons

Boston College - Law School

Geoffrey A. Manne

International Center for Law & Economics (ICLE)

Petrus H. Potgieter

University of South Africa; Institute for Technology and Network Economics

Paul Rappoport

Temple University - Department of Economics

Georg Serentschy

Serentschy Advisory Services

Lester D. Taylor

University of Arizona - Eller College of Management; National Bureau of Economic Research (NBER)

Dennis Weisman

Kansas State University - Department of Economics

Jason Whalley

Northumbria University

Xu Yan

Hong Kong University of Science and Technology

Date Written: November 30, 2020

Abstract

Rewheel, a Finnish consultancy, periodically issues reports that it portrays as international competitiveness comparisons of retail prices for mobile wireless services across the globe. However, these comparisons are not accurate representations of the state of competition in the mobile wireless world. In these reports, Rewheel assigns providers and countries international ranks and labels competitive/non-competitive. While the internet is a fabulous means of communications, the Digital Fuel Monitor by Rewheel/research is a prime example of online misinformation. To curb the spread of false information, social media platforms have started applying warning labels to content they believe the facts do not support. Still, far too many false claims have attracted attention because separating fact from fiction often requires specific expertise. Given the many theoretical and practical flaws and errors contained in the Rewheel study, the authors find it of no value when comparing prices internationally or establishing the level of competition in a country. A warning label informing readers about the lack of intellectual rigor and the misleading and incorrect nature of the Rewheel study’s results is appropriate and recommended.

Keywords: price comparison, competition analysis, 5G, international price ranking, mobile wireless market, mobile wireless competition, mobile wireless prices, Rewheel, Digital Fuel Monitor, telecommunications

JEL Classification: D00, D40, D43, L1, L4, L96, L98

Suggested Citation

Dippon, Christian Michael and Alleman, James H. and Perez Amaral, Teodosio and Banerjee, Aniruddha and Campan, Gaël and Church, Jeffrey and Crandall, Robert and Fruits, Eric and Howell, Bronwyn and Hausman, Jerry A. and Hurwitz, Justin (Gus) and Jamison, Mark A. and Kim, Seongcheol and Layton, Roslyn and Levin, Stanford L. and Lyons, Daniel and Manne, Geoffrey and Potgieter, Petrus H. and Rappoport, Paul and Serentschy, Georg and Taylor, Lester D. and Weisman, Dennis and Whalley, Jason and Yan, Xu, Adding a Warning Label to Rewheel’s International Price Comparison and Competitiveness Rankings (November 30, 2020). Available at SSRN: https://ssrn.com/abstract=3740153 or http://dx.doi.org/10.2139/ssrn.3740153

Christian Michael Dippon (Contact Author)

NERA Economic Consulting ( email )

1255 23rd Street, NW, Suite 600
Washington, DC 20037
United States

HOME PAGE: http://www.nera.com/

James H. Alleman

University of Colorado at Boulder - College of Engineering and Applied Science ( email )

CO
United States

Teodosio Perez Amaral

Complutense University of Madrid - Facultad de Económicas y Empresariales ( email )

Madrid, 28223
Spain

Aniruddha Banerjee

Independent Consultant ( email )

Gaël Campan

Montreal Economic Institute ( email )

United States

Jeffrey Church

University of Calgary - Department of Economics ( email )

2500 University Drive, NW
Calgary, Alberta T2N 1N4
Canada

Robert Crandall

Technology Policy Institute ( email )

1401 Eye St. NW
Suite 505
Washington, DC 20005
United States

Eric Fruits

International Center for Law & Economics (ICLE) ( email )

2117 NE Oregon St.
Suite 501
Portland, OR 97232
United States

HOME PAGE: http://laweconcenter.org/

Portland State University ( email )

United States

HOME PAGE: http://web.pdx.edu/~fruits/

Economics International Corp. ( email )

4318 NE Royal Court
Portland, OR 97213
United States
503-928-6635 (Phone)

HOME PAGE: http://www.econinternational.com/

Bronwyn Howell

Victoria University of Wellington

P.O. Box 600
Wellington, 6140
New Zealand

Jerry A. Hausman

Massachusetts Institute of Technology (MIT) - Department of Economics ( email )

50 Memorial Drive
Room E52-271a
Cambridge, MA 02142
United States
617-253-3644 (Phone)
617-253-1330 (Fax)

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Justin (Gus) Hurwitz

University of Nebraska at Lincoln - College of Law ( email )

103 McCollum Hall
P.O. Box 830902
Lincoln, NE 68583-0902
United States

International Center for Law & Economics (ICLE) ( email )

5005 SW Meadows Rd.
Suite 300
Lake Oswego, OR 97035
United States

Mark A. Jamison

University of Florida - Warrington College of Business Administration, Public Utility Research Center ( email )

PO Box 117142
Gainesville, FL 32611
United States
352-392-6148 (Phone)
352-392-7796 (Fax)

HOME PAGE: http://warrington.ufl.edu/purc/facultyinfo.asp?WEBID=1217

Seongcheol Kim

Korea University ( email )

1 Anam-dong 5 ka
Seoul, 136-701
Korea, Republic of (South Korea)

Roslyn Layton

Aalborg University ( email )

Fredrik Bajers Vej 7E
Aalborg, DK-9220
Denmark

Stanford L. Levin

Southern Illinois University Edwardsville ( email )

PMB 110
9648 Olive
St.Louis, MO 63132
United States

Daniel Lyons

Boston College - Law School ( email )

885 Centre Street
Newton, MA 02459-1163
United States

Geoffrey Manne

International Center for Law & Economics (ICLE) ( email )

1104 NW 15th Ave.
Suite 300
Portland, OR 97209
United States
503-770-0076 (Phone)

HOME PAGE: http://www.laweconcenter.org

Petrus H. Potgieter

University of South Africa ( email )

P.O. Box 392
UNISA
Pretoria, Gauteng 0003
South Africa
+27 12 433 4622 (Phone)

Institute for Technology and Network Economics ( email )

Posbus 2015
Groenkloof, 0027
South Africa

HOME PAGE: http://www.itne.eu

Paul Rappoport

Temple University - Department of Economics ( email )

Philadelphia, PA 19122
United States

Georg Serentschy

Serentschy Advisory Services ( email )

Lester D. Taylor

University of Arizona - Eller College of Management ( email )

322 Economics Building
Tucson, AZ 85721
United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Dennis Weisman

Kansas State University - Department of Economics ( email )

Manhattan, KS 66502-4001
United States

Jason Whalley

Northumbria University ( email )

Newcastle Upon Tyne
Newcastle Upon Tyne, NE1 8ST
United Kingdom

Xu Yan

Hong Kong University of Science and Technology ( email )

China

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