Oxera

Inspiring better decisions through economics and finance

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Depiction of Will the end of a golden age for UK transport infrastructure be a catalyst for a green era?
6 minute read

Will the end of a golden age for UK transport infrastructure be a catalyst for a green era?

Arguably, the UK has gone through a golden age of transport infrastructure planning and delivery in recent years. Since the turn of the millennium, transport capital budgets have grown and grown, with the £96bn integrated rail plan for upgrades in the Midlands and the North, £27.4bn announced for the… Read More

Articles
Depiction of In discussion: collective antitrust litigation cases
< 1 minute read

In discussion: collective antitrust litigation cases

On Tuesday 11 October 2022 we held a Europe-wide online and in-person discussion on collective litigation. With the UK and EU collective litigation regimes continuing to mature, we focused on exploring the main developments and asked what we can learn from recent cases. Our speakers and audience from across Europe… Read More

Articles
Depiction of The use of discrete choice experiments in applied economic analysis
8 minute read

The use of discrete choice experiments in applied economic analysis

Observed behaviour is usually understood to be the best indicator of future choices. This ‘revealed preference’ data is therefore favoured by practitioners as the basis for economic models. However, many economic questions involve looking at markets that do not (yet) exist, or ‘but for’ hypothetical situations that did not… Read More

Articles
Depiction of Interminable: who can read T&Cs?
7 minute read

Interminable: who can read T&Cs?

Many products form a contract between a firm and a customer, the details of which are specified in the terms and conditions (T&Cs). But do customers always understand what they are agreeing to? With the help of a mathematical formula, we find that the reading age and time requirement… Read More

Articles
Depiction of Left out in the cold? The UK cost-of-living crisis
11 minute read

Left out in the cold? The UK cost-of-living crisis

Surging oil and gas prices, coupled with climbing food costs, are weighing heavily on many economies. While this is a challenge for countries as a whole, the cost-of-living crisis is affecting different parts of society in different ways. Taking the example of the UK, we dig into the data… Read More

Articles
Depiction of Fit for 55? The impact of the EU’s  climate package on the aviation industry
9 minute read

Fit for 55? The impact of the EU’s climate package on the aviation industry

What will be the impact of the EU’s Fit for 55 package on European aviation? The policies are likely to affect passenger demand, fares and emissions, but a number of questions remain over potential distortions and how the policies can help to achieve ambitious net zero targets. Oxera was… Read More

Articles
Depiction of Ticking the boxes on a green self-assessment, and the risk of greenwashing
10 minute read

Ticking the boxes on a green self-assessment, and the risk of greenwashing

In EU competition law, the key criteria for green self-assessments for companies are ‘fair share’ and ‘indispensability’. But how can we assess these from an economics perspective? And how can we distinguish legitimate sustainability agreements from greenwashing? We consider how the European Commission deals with consumer benefits in its… Read More

Articles
Depiction of The Consumer Duty: don’t do more—do differently
1 minute read

The Consumer Duty: don’t do more—do differently

The UK Financial Conduct Authority (FCA) has finalised the rules, guidance, and implementation period for the new Consumer Duty. The FCA’s journey The Consumer Duty is the product of 15 years of evolution in the regulation of financial services. It’s not so much a change… Read More

Articles
Depiction of Reflections in the water: insights on Ofwat’s PR24 draft methodology
16 minute read

Reflections in the water: insights on Ofwat’s PR24 draft methodology

On 7 July, Ofwat published its draft methodology for its next price review (PR24), setting out in detail how it plans to assess expenditure, financing costs, performance targets and incentives for 2025–30. What are the main components of Ofwat’s proposed methodology, and what might this mean for companies, customers… Read More

Articles
Depiction of RIIO-ED2 Draft Determinations
10 minute read

RIIO-ED2 Draft Determinations

On 29 June 2022, Ofgem published its Draft Determinations (DDs) for the RIIO-ED2 price control covering the electricity distribution (ED) sector. The regulatory cycle for the ED sector follows that for the transmission and gas distribution (GD&T) networks with a two-year lag, which means that the recently published DDs… Read More

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