Altermind

📢 ANNONCE | L’ESSEC Business School nomme Wilfried Sand-Zantman au poste de Directeur Académique de la Grande École ! Nous avons le plaisir d’annoncer la nomination de Wilfried Sand-Zantman, actuellement professeur d’Économie et directeur du Département d'Économie de l'ESSEC, au poste de Directeur Académique de la Grande École (Master in Management), à compter du 1er janvier 2025. Fort d’un engagement profond pour l’excellence académique, Wilfried guidera le Programme ESSEC Master in Management (MIM) - Grande Ecole vers de nouvelles ambitions ! “Avec l'ensemble de la communauté de l'ESSEC, je consacrerai toute mon énergie à faire en sorte que l'expérience de nos étudiants soit rigoureuse, inspirante et véritablement transformatrice.” - Wilfried Sand-Zantman. 👉 Lire le communiqué de presse : https://swll.to/OsNUA

Our dedicated event took place during the Paris InfraWeek on November 6th, and we would like to extend a warm thank you to all participants for this enriching experience!   This event was the perfect opportunity to showcase the results of the research sponsored by Vauban Infrastructure Partners, in partnership with Altermind and conducted by InfraVision Think Tank For Sustainable Infrastructure, through engaging discussions and panels, as well as to present the full report published that day and available as a PDF on our website and here after.  For those who wish to revisit these conversations, the replay of the event is available via this link. https://lnkd.in/e6fHehf2 We would be delighted to welcome new voices eager to contribute to our reflections. If you’re interested in joining the Infravision journey, don’t hesitate to reach out and become part of our community!     A special thanks and gratitude to our 2024 annual research experts and panelists: Bryan Adey, László Andor,Matthew Bishop, Thomas Bourleaud, Laurent Colvez, Gwenola Chambon, Gwen Colin, Zoi Christoforou, Gilles Delebarre, Esther Duflo, Sara Fisher Ellison, Sébastien FRAISSE, Philippe Gagnepain, Xavier Girre, Batoul Hassoun, Harvey Hollins III, MPP, Elisabeth Kotthaus, Enorig Lasserre, Séverine Laugier, Yves Lederer, Olivier Mantei, Agnès Pannier-Runacher, Professor Sadie Morgan OBE, Alessia Mosca, Lucie Muniesa, Sergio Osle, Sébastien Petithuguenin, Jon Phillips, Antoine Picon, Laurent Trevisani, Wilfried Sand-Zantman, Jérôme Stubler, Simon Whistler

I’m very happy to share that I’m starting a new position as Senior Partner at Altermind to focus on CEO counseling and strategy. I want to specially thank Mathieu Laine as well as Gwenn Delamaire and the entire Partners Group and Teams of Altermind for welcoming me and for working together in scaling up Altermind to bring "academic driven" consulting to Top Executives.

Television, television, television.... Yes, I have been obsessed with television over the recent years. Maybe, because of this hypnotic monster piece from the seventies.  https://lnkd.in/en4vnj5V This obsession somehow paid off in the end and, in this respect, I am very happy to report that the  paper with my old buddy Wilfried Sand-Zantman entitled ``Media Merger in Nested Markets" has been accepted today in the  Journal of Economics and Management Strategy. This paper was written following discussions with teams at Altermind, TF1 and M6 at a point in time where a possible merger between TF1 and M6 was envisioned. One argument heard against this merger was that it would help this entity to monopolize the upstream market for advertising. We argue in this paper that this argument only looks at one (easy) face of the coin. Competition on the media markets takes place actually  between various ecosystems (pay-Tv, Free to Air, platforms...) and viewers make nested choices among those alternatives, choosing first between ecosystems and then between  channels within an ecosystem. Ecosystem Effects may then transform the quality of programs as public goods for all channels within this ecosystem. Well..., then competition across channels may induce undersupply of quality, shift away consumers and, because TV channels are two-sided platforms, advertisers. So the question is what might be the magnitude of these Ecosystem Effects?....We did not provide any econometrics but instead ran polls that brought evidence that some viewers at least act in this nested manner. Which means that the Ecosystem Effects cannot be so easily dismissed.... https://lnkd.in/enMc9aHg Abstract: We analyze the effect of media mergers in a model that stresses, on the one hand, the fact that media are two-sided platforms willing to attract advertisers and viewers and, on the other hand, that strong competitors have emerged to challenge traditional media on both sides. We show that a merger has two conflicting effects on traditional media’s incentives to invest in quality programs and to exploit their market power. When competition is primarily between traditional media, a Business-Stealing Effect dominates, and the merger is detrimental to advertisers and viewers. When the competition is mainly between the traditional media and their new competitors, an Ecosystem Effect dominates, and the merger benefits advertisers and viewers. We extend this setting to discuss the role of financial constraints that might limit investments in the quality of programs and show that the same effects are at play