Per-plane or per-passenger tax? Economics of the aviation policy debate
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Calling time on the approach to performance incentives in water
The approach to incentivising performance in the England and Wales water sector requires substantial reform. The Independent Water Commission (IWC) has recommended rationalisation of the number of performance commitments (PCs) and a dampening of incentive rates.1 For two price reviews in a row, a significant number of… Read More
Valuing the right to operate: an economic perspective on concession disputes
What is the value of the right to operate a regulated asset for a finite period of time? And how should that value account for the power of the state or the regulator to alter its terms? These are questions that often sits at the heart of disputes involving… Read More