Economic effects of Virgin Media’s investment in network expansion

Pass-on in regulated industries: what's in the RAB?

If you’re looking for economists that speak human, I have no hesitation in recommending Oxera.

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News

Oxera Partner Professor Tim Jenkinson awarded two prestigious prizes for papers published in the field of corporate finance.

The Brattle Group Distinguished Paper prize is awarded annually by the American Finance Association to recognise the top papers published in the area of corporate finance in the Journal of Finance. The Distinguished Paper prize 2014 has been awarded to Professor Jenkinson for his paper ‘Borrow Cheap, Buy High? The Determinants of Leverage and Pricing in Buyout’. The paper, co-authored with Ulf Axelson, Per Strömberg and Michael S. Weisbach, examined capital structure theories in the context of buyouts. The authors found that buyout leverage is unrelated to factors that drive public firm leverage. Instead, variation in economy-wide credit conditions is the main driver of leverage and pricing in buyouts, while having little impact on public firms. Higher deal leverage is associated with lower buyout fund returns, suggesting that acquirers overpay when access to credit is easier.

Oxera is delighted to have been nominated in the annual Global Competition Review (GCR) awards

For the fifth consecutive year, an Oxera Partner has been recognised as a leading figure within competition economics in the GCR awards, in the Economist of the Year category. Dr Gunnar Niels has been nominated in recognition of his contribution to numerous high-profile cases in 2014. During this period Gunnar advised Liberty Global on the European Commission inquiry into its acquisition of Ziggo; provided economic advice to a bank in the European Commission Article 101 investigation into the credit default swaps market; acted as the court-appointed expert in an abuse of dominance case involving gas contracts; was the economic adviser to Skyscanner during its successful appeal of the OFT’s commitments Decision in the online hotel bookings market; and provided advice to a major retailer in relation to an OFT investigation into retail price maintenance. 

Courses

Performance Measurement Using Stochastic Frontier Analysis (SFA)

The course is run as short interactive lectures, with small group working and hands-on use of the SFA software.


February 27 2015 -

Using Economics in Competition Cases

This CPD-accredited course will give you a comprehensive grounding in the use of economics in competition cases, and provide you with a practical toolkit to judge when and how competition is being distorted or restricted.

Whether you are a legal practitioner, an in-house lawyer faced with an inquiry, or a professional wishing to understand competition law risk, you will come away with the confidence to judge and rely on the economic arguments and evidence put forward in a case.

April 20 2015 -

April 21 2015

Utility Finance

This CPD-accredited training course will give you a comprehensive grounding in the financial aspects of economic regulation.

Whether you are involved in charge control reviews or trying to assess the impact of economic regulation on the value of your business, you will come away from this course with the understanding you need, combined with the latest practical applications.

May 18 2015 -

May 20 2015