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Set free by competition? Transitional access regulation of telecoms incumbents


Depiction of Where next for RPI – X?
11 minute read

Where next for RPI – X?

With concerns around company outperformance and information asymmetries playing strongly on the minds of economic regulators, the UK regulatory model has moved on from the ‘fixed price’ paradigm of ‘RPI - X’. Regulators have looked to set more challenging price settlements, while also rebalancing risks within regulatory contracts to protect against windfalls. The model now resembles the rate-of-return approach it was intended to replace. Is this the right way forward? And what alternatives might there be? Read More

Depiction of Intel and the AEC test: ‘Do. Or do not. There is no try.’
8 minute read

Intel and the AEC test: ‘Do. Or do not. There is no try.’

After more than two decades, the Intel saga may have finally ended with the General Court’s judgment of 26 January 2022. The judgment—which had at its core the use of the ‘as-efficient competitor’ test in the context of loyalty rebates―confirms the critical role of robust economic analysis in abuse of dominance cases. We reflect on the implications going forward. Read More