New rules for good regulation

How has regulation changed in the last six years? Oxera Director, Mike Toms, looks back at recent regulatory developments, and considers how his advice to company executives might now have a different focus in terms of markets, customers and regulators

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The case of Apple, and the state aid spotlight on multinationals’ tax affairs

On 30 August 2016, the European Commission handed down its largest-ever adverse state aid decision against the tax rulings of a single multinational, requiring Apple to repay €13bn of aid plus interest. The decision follows state aid investigations of the corporate tax affairs of a number of other well-known companies, and will have far-reaching implications for multinationals that currently have, or plan to have, operations in the EU

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Unsportsmanlike conduct? Incentives and penalties for doping

Controversy around doping was rife in the run-up to the 2016 Olympics and Paralympics. Insights from the economics literature on optimal punishment mechanisms show how penalties can be set so as to deter doping—at both the individual athlete and team level. The credibility and consistency of penalties are key to effective deterrence

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On schedule: do TV programming clashes matter?

To what extent do scheduling clashes between the BBC (the UK’s main public service broadcaster) and ITV (its main commercial rival) harm ITV’s audience figures? An Oxera study has found that, contrary to conventional wisdom, head-to-head clashes of weekend primetime entertainment shows do not seem to affect ITV’s audience figures. However, clashes between crime dramas do have an impact

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