Polemis Michael
  • Name: Polemis Michael
  • Title: Assistant Professor
  • Office: 522/MB
  • Tel / Fax: +30 210 4142303
  • email:

Info

Michael Polemis is an Assistant Professor of Industrial Economics in the Department of Economics at the University of Piraeus. He received his Ph.D. in Economics from the National and Capodistrian University of Athens. During his undergraduate and postgraduate studies was granted a scholarship from Foundation of Public Scholarships (I.K.Y). He has worked as a research assistant and later as a section head with the Foundation for Economic and Industrial Research. During the period 2008-2011 he served as a teaching assistant at the Economics Department of the University of Piraeus in Greece. During the last ten years he served as a scientific expert-economist and head of unit at the Hellenic Competition Commission. His main areas of research are industrial organisation, competition policy and regulation, energy economics and applied economic policy. His papers have appeared in many distinguished scientific international journals such as the Economics Letters, International Business Review, Energy Economics, Economic Modelling, Empirical Economics, Applied Economics, Energy Policy, and Journal of Industry, Competition and Trade. He has participated in many scientific conferences in the field of industrial organisation and applied economic policy. 

Teaching

Undergraduate courses

  • Microeconomics I - 3rd semester (compulsory)
  • Industrial Economics I - 7th semester (compulsory)
  • Microeconomics II - 4th semester (compulsory)
  • Industrial Economics II - 8th semester (optional)
  • Environmental Economics - 6th semester (optional)
  • Energy and Natural Resources Economics - 4th semester (optional)

 

Post-graduate courses

Master of Science in "Economic and Business Strategy"

  • Cost Analysis and Pricing Policy - 2nd semester (elective)

Master of Science in "Energy: Strategy, Law and Economics", Department of International and European Studies

  • Energy Economics - 1st semester (compulsive)
  • Competition in the Energy Markets: Strategy and Institutions - 2nd semester (compulsive)

Master of Science in "Law and Economics"

  • Economic System - Economics and Regulatory Policy Law- 1st semester (compulsive)

Master of Science in "Bioenterprising", University of Thessaly, Department of Chemistry and Biotechnology and National Hellenic Research Foundation, Institute of Biology and Medical Chemistry and Biotechnology

  •  Legal Framework in Bioenterprises - Certification - 2nd semester (compulsive) 

Publications

PUBLICATIONS (REFEREED JOURNALS)

[J.1] Energy demand and environmental taxes: the case of Greece, Vassilis T. Rapanos and Michael L. Polemis, Energy Policy, vol. 33, 2005, pp. 1781–1788. Elsevier Publications, ISSN:0301-4215, ISI Journal Impact factor 2.696. (2* in ABS list 2015).

[J.2] The structure of residential energy demand in Greece, Vassilis T. Rapanos and Michael L. Polemis, Energy Policy, vol. 34, 2006, pp. 3137-3143. Elsevier Publications, ISSN:0301-4215 ISI Journal Impact factor 2.696. (2* in ABS list 2015).

[J.3] Empirical assessment of the determinants of road energy demand in Greece, Michael L. Polemis, Energy Economics, vol.  28, 2006, pp. 385-403. Elsevier Publications ISSN: 0140-9883, ISI Journal Impact factor 2.580. (3* in ABS list 2015).

[J.4] Modeling industrial energy demand in Greece using cointegration techniques, Michael L. Polemis, Energy Policy, vol. 35, 2007, pp. 4039–4050. Elsevier Publications, ISSN: 0301-4215ISI Journal Impact factor 2.696. (2* in ABS list 2015).   

[J.5] Stock price performance as an argument for derogation from suspension of concentrations: reality or myth? Panagiotis N. Fotis, Μichael L. Polemis and Nikolaos, E. Zevgolis, Εuropean Competition Law Review, vol. 5, 2009, pp. 216-222. Sweet & Maxwell Publications, ISSN: 0144-3054.

[J.6] Trends in the European electricity markets: the case of Greece, Irene Fafaliou and Michael L. Polemis, International Journal of Economics and Business Research (IJEBR) Vol. 2, No. 5, 2010, pp. 369-386. Publisher: Inderscience Publications, ISSN: 1756-9850. 

[J.7] Competitiveness in the coastal ferry boat industry: Evidence from Greek SMEs, Irene Fafaliou and Michael L. Polemis, Global Business & Economics Anthology, 2010, Vol II, Issue 2, pp. 20-32. (ISSN: 1553-1392). Publisher: Business & Economics Society International ISSN: 1553-1392.

[J.8] Policy measures aiming at reducing CO2 emissions: An analysis of the Greek experienceMichael L. Polemis and Irene Fafaliou, International Journal of Business Policy and Economics, Vol. 3, No. 2, 2010, pp. 249-264. Serials Publications, ISSN: 0973-5801.

[J.9] Robust event studies for derogation from suspension of concentrations in Greece during the period 1995-2008, Panagiotis N. Fotis, Michael L. Polemis and Nikolaos E. Zevgolis, Journal of Industry Competition and Trade, Vol. 11, No. 1, 2011, pp 67-89. Springer Publications, ISSN: 1566-1679, ISI Journal Impact factor 0.489 (2* in ABS list 2015). 

[J.10] The use of economic tools in merger analysis: Lessons from US & EU experiencePanagiotis N. Fotis and Michael L. Polemis, European Competition Journal, 2011, Vol. 7, No.2, pp. 323-347. Hart Publishing, Oxford.          

[J.11] Competition and price asymmetries in the Greek oil sector: An empirical analysis on gasoline market, Michael L. Polemis, Empirical Economics, 2012, Vol. 43 (2), pp 789-817. Springer Publications, ISSN: 0377-7332, ISI Journal Impact factor 0.628, (2* in ABS list 2015).

[J.12] Market power in oil industry: the wholesale and retailing case, Irene Fafaliou, Michael L. Polemis, Economics Finance Notes, 2012, Vol. 1, No. 1, pp.1-18. Serials Publications, ISSN: 0973-5801.

[J.13] The short-run competitive effects of merger enforcementPanagiotis N. Fotis and Michael L. Polemis, European Competition Journal, 2012, Vol. 8, No.1, pp. 1-28. Hart Publishing, Oxford.                 

[J.14] Competitiveness of the Euro zone manufacturing: A panel data analysisIrene Fafaliou and Michael L. Polemis, International Advances in Economic Research, 2013, Volume 19, Issue 1, pp 45-61. Springer Publications. (1* in ABS list 2015).   

[J.15] Do gasoline prices respond asymmetrically in the euro zone areaEvidence from cointegrated panel data analysis, Michael L. Polemis and Panagiotis N. Fotis, Energy Policy, 2013, Vol. 56, Pages 425-433. Elsevier Publications, ISSN:0301-4215, ISI Journal Impact factor 2.696. (2* in ABS list 2015).                    

[J.16] What drives investment in the telecommunications sector? Some lessons from the OECD countries, John M. Paleologos and Michael L. Polemis, Economic Modelling, 2013, Vol. 31, pp. 49-57. Elsevier Publications, ISSN: 0264-9993, ISI Journal Impact 0.736(2* in ABS list 2015).

[J.17] The Electricity consumption and economic growth nexus: Evidence from Greece, Michael L. Polemis and Athanasios Dagoumas, Energy Policy, 2013, Volume 62, pp 798-808. Elsevier Publications, ISSN:0301-4215, ISI Journal Impact factor 2.696. (2* in ABS list 2015).  

[J.18] Panel data estimation techniques of mark up ratios, Michael L. Polemis, European Research Studies, 2014, Volume XVII, Issue 1, pp. 69-84.

[J.19] Empirical estimation of market power in Greece, Michael L. Polemis, Applied Economics Letters, 2014, Volume: 21 (11), 747 – 750. Routledge, Taylor and Francis Group (1* in ABS list 2015).                              

[J.20] Too big to merge? Evidence from the US banking sector, Michael L. Polemis, and John M. Paleologos, Applied Economics Letters, 2014, Volume 21 (11), pp 782 – 785Routledge, Taylor and Francis Group (1* in ABS list 2015).                        

[J.21] Did financial crisis alter the level of competition in the EMU banks? Michael L. Polemis, Applied Economics Letters, 2014, Volume 21 (15), pp. 1065-1069Routledge, Taylor and Francis Group (1* in ABS list 2015).                     

[J.22] The taxation effect in gasoline price asymmetry nexus: Evidence from both sides of the Atlantic, Michael L. Polemis and Panagiotis N. Fotis. Energy Policy, 2014, Volume 73, pp. 225-233. Elsevier Publications, ISSN:0301-4215, ISI Journal Impact factor 2.696. (2* in ABS list 2015).     

[J.23] Measuring market power in the Greek manufacturing and services industries, Michael L. Polemis, International Review of Applied Economics, 2014, Volume 28 (6), pp 742-766. (2* in ABS list 2015).  

[J.24] The competitive conditions in the OECD manufacturing industry, Nicholas Apergis, and Michael L. Polemis, Applied Economics, 2015, Volume 47 (8), 779-797. Routledge, Taylor and Francis Group (2* in ABS list 2015).     

[J.25] Does monopolistic competition exist in the MENA region? Evidence from the banking sector, Michael L. Polemis, Bulletin of Economic Research, 2015, doi: 10.1111/boer.12046. John Wiley & Sons Ltd, ISI Journal Impact factor 0.333 (2* in ABS list 2015).

[J.26] Rent seeking oligopolistic behaviour in European gasoline markets, Michael L. Polemis and Panagiotis N. Fotis, Economics Bulletin, 2015Volume. 35 (1), 827-833. 

[J.27] Intervalling effect bias and competition policy, Victoria Pekka-Oikonomou, Panagiotis Fotis and Michael Polemis, Journal of Reviews on Global Economics, 2015, 4, 96-107.   

[J.28] Electricity regulation and FDI spillovers in the OECD: A panel data econometric approach, Michael L. Polemis and Irene Fafaliou, Journal of Economic Asymmetries, 2015, Volume 12 (2), pp 110-123. Elsevier Publications, ISSN: 1703-4949.

[J.29] New evidence on assessing the level of competition in the European Union banking sector: A panel data approach, Nicholas Apergis, Irene Fafaliou and Michael L. Polemis, International Business Review, 2016, Volume 25 (1), Part B, pp 395-407. Elsevier Publications, ISSN: 1703-4949, ISI Journal Impact factor 1.713 (3* in ABS list 2015).

[J.30] Does market structure affect labour productivity and wages? Evidence from a smooth coefficient semiparametric panel model, Michael Polemis and Thanasis Stengos, Economics Letters, 2015, Volume 137, 182-186. Elsevier Publications, ISI Journal Impact factor 0.510 (3* in ABS list 2015).           

[J.31] Measuring the Magnitude of Significant Market Power in the Manufacturing and Services Industries: A cross country approach, Michael L. Polemis and Panagiotis Fotis, Journal of Industry Competition and Trade(2* in ABS list 2015).  

[J.32] New evidence on the impact of structural reforms on electricity sector performanceMichael L. Polemis, Energy Policy. Accepted for publication (2* in ABS list 2015).

[J.33] An alternative semiparametric approach to the modelling of asymmetric gasoline price adjustment, Michael L. Polemis and Mike G. Tsionas, Energy Economics, 2016,  Volume 56, 384-388. Elsevier Publications. (3* in ABS list 2015).

[J.34] Competition and efficiency in the MENA banking sector: a non-structural DEA approach, NIckolas Apergis and Michael L. Polemis, Applied Economics, 2016, DOI:10.1080/00036846.2016.1176112. Routledge, Taylor and Francis Group. (2* in ABS list 2015).

[J.35] Electricity sector performance: A threshold panel analysis, Michael Polemis and Thanasis Stengos, The Energy Journal, International Association of Energy Economics (IAEE), Volume 38(3), 141-158(3* in ABS list 2015).

[J.36] Unilateral effects of partial acquisitions: Consistent calculation of GUPPI under merger guidelines within the EU, Panagiotis Fotis, Michael Polemis and Konstantinos Eleftheriou, Journal of Industrial and Business Economics, Accepted for publication (1* in ABS list 2015).   

[J.37] Asymmetric Price Adjustment in the U.S Gasoline Industry: Evidence from Bayesian Threshold Dynamic Panel Data Models, Michael Polemis and Mike Tsionas, International Journal of the Economics of Business. Accepted for publication (2* in ABS list 2015).    

REFEREED PUBLICATION IN GREEK JOURNALS

[J.1] Assessment of residential energy demand in Greece during the period 1970-2003 (in Grrek), Michael Polemis, SPOUDAI, Vol 57, 2007, (3), pp. 103-121. University of Piraeus, ISSN: 1105-8919.

[J.2] The fall in share's performance as an argument for derogation from suspension of concentrations before the Hellenic Competition Commission (in Greek), Panagiotis Fotis, Michael Polemis and Nikolaos Zevgolis, Law of Companies and Firms, Vol 4, 2009, (15), pp. 435-442. Law Library.

 

WORKING PAPERS

[W.1] Gasoline price asymmetries in the eurozone, Michael L. Polemis and Panagiotis N. Fotis, Social Science Research Network (SSRN) Working Paper Series, posted 27 March 2012.

[W.2] The gasoline industry in the European Union and the USA, Michael L. Polemis and Panagiotis N. Fotis, Munich Personal RePEc Archive, MPRA Paper No. 35097, posted 29. November 2011.  

[W.3] Gasoline price asymmetries in the euro zone, Michael L. Polemis and Panagiotis N. Fotis, Munich Personal RePEc Archive, MPRA Paper No. 32755, posted 12. August 2011.

[W.4] Measuring the Magnitude of Significant Market Power in the Manufacturing and Services Industries: A Cross Country Approach, Michael L. Polemis and Panagiotis N. Fotis, Munich Personal RePEc Archive, MPRA Paper No. 63245, posted 5. February 2015.

[W.5] Intervalling-Effect Bias and Evidences for Competition Policy, Panagiotis N. Fotis, Pekka, Victoria, Michael L. Polemis Munich Personal RePEc Archive, MPRA Paper No. 63211, posted 24. March 2015.

[W.6] Upward Pricing Pressure Formulations with Logit Demand and Endogenous Partial AcquisitionsPanagiotis, N. Fotis, Michael L. Polemis, and Konstantinos Eleftheriou, Munich Personal RePEc Archive, MPRA Paper No. 66049, posted 26. March 2015.

[W.7] To regulate or to deregulate? The role of downstream competition in upstream monopoly vertically linked markets, Michael L. Polemis, and Konstantinos Eleftheriou, Munich Personal RePEc Archive, MPRA Paper No. 68726, posted 9. January 2016.

[W.8] What determines demand for Telecommunications services? Evidence from the EU countries before and after liberalization, Agiakloglou Christos and Polemis Michael, 26th European Regional ITS Conference, Madrid 2015 127119, International Telecommunications Society (ITS).

[W.9] Gasoline Price Wars: Spatial Dependence Awakens, Konstantinos Eleftheriou, Michael Polemis, Munich Personal RePEc Archive, MPRA Paper No. 70037, posted 16 February 2016.

 

PAPERS SUBMITTED TO REFEREED JOURNALS  

  

[P.1] The impact of structural reforms on Telecommunications performance, Christos Agiakloglou and Michael L. Polemis, Quarterly Review of Economics and Finance. (2* in ABS list 2015).  

[P.2] To regulate or to deregulate? The role of downstream competition in upstream monopoly vertically linked markets, Michael L. Polemis and Konstantinos Eleftheriou, Bulletin of Economic Research. Revise and resubmit, September 2016. (2* in ABS list 2015).   

[P.3] Asymmetric Retail price pass-through in the gasoline markets: The role of Spatial Dependence, Konstantinos Eleftheriou, Michael Polemis, Marketing Science. (4 star  in ABS list 2015, FT listed).   

[P.4] Capturing the impact of shocks on the Electricity sector performance in the OECD, Michael Polemis, Economics Bulletin Revise and resubmit, August 2016.     

[P.5] Impact Evaluation of Merger Decisions: Lessons from the Greek Experience, Michael Polemis, Journal of Competition Law and Economics.     

[P.6] The Use of Mathematical Modelling on the Electricity Sector, Michael Polemis, Energy Economics. (3* in ABS list 2015).

[P.7] A hybrid window DEA methodology to measure sustainability: Evidence from panel econometric techniques for the US electricity sector, George Halkos and Michael Polemis, European Journal of Operational Research. (4* in ABS list 2015).

[P.8] Taming the SO2 and NOx emissions: Evidence from a SUR model for the US. Michael Polemis and Thanasis Stengos, Ecological Economics (3* in ABS list 2015).           

[P.9] An integrated model for assessing electricity retailer’s profitability with demand response, Athanasios Dagoumas and Michael Polemis, Management Science. (4 star in ABS list 2015, FT listed).

[P.10] Nonlinear Panel Cointegration Testing: A Bayesian Approach, Michael Polemis and Mike Tsionas, Economics Letters. (3* in ABS list 2015).  

PARTICIPATION IN CONFERENCES 

[C.1] Expost investigation of anticompetitive effects of mergersEvidence from small stock exchange, Fotis Panagiotis and Michael L. Polemis, CRESSE 5th International Conference on Competition and Regulation, “Advances in the Analysis of Competition Policy and Regulation”, Χανιά, Κρήτη, 2-4 Ιουλίου 2010.  

[C.2] Are mergers and acquisitions competitive in specific Greek relevant markets? Evidence from small stock exchange,Fotis Panagiotis and Michael L. Polemis, 15th Annual conference on econometric modeling for Africa, The American University in Cairo, Κάιρο, Αίγυπτος, 7-9 Ιουλίου 2010.

[C.3] Market power in oil industry: the wholesale and retailing case, Irene Fafaliou, Michael L Polemis, 68th International Atlantic Economic Conference, Boston, Massachusetts, 8-11 October 2009.

[C.4] Competitiveness in the coastal ferry boat industry: evidence from Greek SMEs, Irene Fafaliou and Michael L Polemis, Business and Economics Society International Conferences, Αθήνα, 15-19 Ιουλίου 2010. 

[C.5] Do gasoline prices respond asymmetrically in the euro zone area? Evidence from cointegrated panel data analysis, Michael L Polemis and Panagiotis N. Fotis “10th Conference on Research on Economic Theory & Econometrics” CRETE Μήλος, 10-14 Ιουλίου 2011.

[C.6] Measuring the competitiveness of the Euro zone manufacturing: Lessons learned from panel data analysisIrene Fafaliou and Michael L Polemis, 73rd International Atlantic Economic Conference Istanbul, Turkey 28-31 March 2012. 

[C.7] Electricity regulation and foreign direct investments: Incentive or obstacle? Michael L. Polemis, 8th National and International Conference of the Hellenic Society for Systemic Studies (HSSS), Thessaloniki, 5-7 July 2012.  

[C.8] Competitive Conditions in the EU-27 Banking Industry Nicholas Apergis, Irene Fafaliou and Michael L. Polemis, 10th Biennial Pacific Rim Conference, Western Economic Association International, Tokyo, 14-17 March 2013.

[C.9] Electricity regulation and foreign direct investments in the OECD: A panel data econometric approach. Michael L. Polemis, Irene Fafaliou, The 12th Biennial Athenian Policy Forum Conference, Toronto, Canada, June 13-14, 2014.

[C.10] Assessing the level of competition in the European Union banking industry: A panel data non-structural approach. Nicholas Apergis, Irene Fafaliou and Michael L. Polemis, CRESSE 9th International Conference on Competition and Regulation, “Advances in the Analysis of Competition Policy and Regulation”, Κέρκυρα, 4-6 Ιουλίου 2014.

[C.11] Measuring the Magnitude of Significant Market Power in the Manufacturing and Services Industries: A Cross Country ApproachMichael L. Polemis, Panagiotis, N. Fotis, Conference on Research on Economic Theory and Econometrics, CRETE, Milos, Greece, July 13-17, 2014.    

[C.12] A sectoral estimation of market power: Evidence from Greece, Michael L. Polemis, Victoria Pekka Oikonomou, European Asian Economics, Finance, Econometrics and Accounting Science Association, Conference Meetings in Penang Island, Malaysia, September 3-6, 2014.

[C.13] Securities’ systematic risk beta estimates and inferences for competition policy, Panagiotis Fotis and Michael L. Polemis, International Conference on Business and Economics, The Hellenic Open University, 2015.

[C.14] Electricity sector performance: A threshold panel approach, Michael Polemis and Thanasis Stengos, International Association of Applied Econometrics, Annual Conference on June 25-27, Thessaloniki 2015.

[C.15] What determines the increasing demand for telecommunications services? Evidence from the eu countries before and after liberalization, Christos Agiakloglou and Michael Polemis, 26th European Regional International Telecommunications Society Conference, Spain 25-27 June 2015.

[C.16] Upward Pricing Pressure Formulations with Logit Demand and Endogenous Partial Acquisitions, Panagiotis, N. Fotis, Michael L. Polemis, and Konstantinos Eleftheriou Conference on Research on Economic Theory and Econometrics, CRETE, Chania, Greece, July 12-16, 2015.   

[C.17] To regulate or to deregulate? The role of downstream competition in upstream monopoly vertically linked markets, Michael L. Polemis, and Konstantinos Eleftheriou XXX Jornadas de Economía Industrial, Alicante, Spain, 3-4 September, 2015.  

[C.18] Gasoline Price Wars: Spatial Dependence Awakens, Konstantinos Eleftheriou and Michael Polemis, 2016 The Society for Economic Measurement, Thessaloniki, Greece, July 6-8, 2016.

Books

BOOKS/MONOGRAPHS   

[Μ.1] The competitive structure of gasoline industry: Evidence across the globe, Fotis Panagiotis and Michael Polemis, LAP LAMBERT Academic Publishing GmbH & Co, 2012.

[B.2] Microeconomic Theory: Part Α, John Paleologos and Micheal Polemis (in Greek). Publisher A. Stamoulis, Athens, 2015.

[B.3] Microeconomic Theory: Part B, John Paleologos and Micheal Polemis (in Greek). Publisher A. Stamoulis, Athens, 2016 (Forthcoming). 

[B.4] Sustainable Development, Environment and Energy, Sotiris Karkalakos and Michael Polemis (in Greek). Self Publishers (Forthcoming). 

[B.5] Modern Issues in Industrial Policy: Theory and Case Studies, Irene Fafaliou and Michael Polemis (in Greek). Publisher E. Benou, Athens, 2016, (Forthcoming).

 

BOOKS, CHAPTERS IN VOLUMES AND OTHER PUBLICATIONS   

[B.1] Liberalisation of the European Natural Gas MarketMyth or Reality? Evidence from Greece, Irene Fafaliou and Michael L Polemis, Κεφάλαιο δημοσιευμένο στο βιβλίο Research Topics in Agricultural and Applied Economics, Vol. 1, 2009, Bentham Science Publishers Ltd. London, Anthony N. Rezitis (Editor).

[B.2] Profitable mergers and applications for derogation from suspension of concentrations" Event studies in thedecisions of the Hellenic Competition Commission (1995-2008), Panagiotis Fotis, Michael Polemis and Nikolaos Zevgolis (in Greek), Studies for the Greek Monetary System, Professor Ilias Tzavalis (Editor). Athens University of Economics and Business, 2010.

[B.3] Contemporary environmental economics: A critical approach, Michael Polemis, Aikaterina Oikonomakou, Chapter published in the book for the Professor Sotiris Karvounis. (in Greek), University of Piraeus, 2011.      

[B.4] The industrial energy demand in the Greek economy: A theoritical and applied approach, Michael Polemis, Chapter publishe din the book entitled "Energy: Law, Economy and Policy", Nikolaos Farantouris (Editor), Law Library, Athens, 2012.

[B.5] Competition in Greek electricity relevant markets: Myth or reality? Michael Polemis, Chapter published in the book entitled "Energy, Networks and Infrastructure" (in Greek), Nikolaos Farantouris (Editor), Law Library, Athens, 2014.

[B.6] The role of economic analysis in merger assessment  under the auspices of competition law, Michael Polemis, Chapter published in the book for Professor Panagiotis Kanellopoulos, (in Greek), University of Piraeus, 2015.      

[B.7] Merger analysis at the competition level, John Paleologos and Michael Polemis, Chapter published in the the book for Professor Panagiotis Kanellopoulos, (in Greek), University of Piraeus 2015. 

Office Hours

Winter semester 2016-2017

  • Thursday, 12:00-14:00