Consumer responses: how quick are they?
Ignoring the potential delayed reactions of consumers when thinking about investment, pricing, or competition cases, or when evaluating changes in consumer behaviour, could lead to biased policy conclusions. This article highlights these limitations and presents ways in which they may be overcome. It also discusses implications for undertaking future modelling exercises.
Related
Contemporary infrastructure business cases: assessing impact in the round
Recent developments in infrastructure business cases reflect a complex and volatile environment. Writing infrastructure business cases now comes with new challenges—but how can we tackle these challenges in such a rapidly evolving environment? We explore the key points that factor into this, including the Five Case Model, value-based decision-making, uncertainty,… Read More
Decoupling electricity and fossil fuel prices: bright idea or lights out?
The prolonged period of high energy prices in Europe has called into question the current design of electricity markets, and in particular the direct link between gas and electricity prices. Various short-term measures have been adopted to break this link, and some more fundamental changes to electricity markets are… Read More