Inspiring better decisions through economics and finance
In July, the UK Department for Transport published a consultation on its strategy for achieving net zero carbon emissions in the aviation sector by 2050. While the consultation discusses the technological challenges with achieving net zero, it does not consider the impact of its net zero measures on market outcomes,… Read More
Digital platforms have transformed the ways in which people discover and experience content from the creative industries. At the same time, by connecting consumers with creative content from around the world, digital platforms can help creators to share their content more easily and more widely. As policymakers consider new… Read More
The fourth regulatory period for energy networks in Germany begins for gas networks in January 2023 and for electricity networks in January 2024. In this context, Oxera has been advising the networks on regulatory price-control parameters. One of the areas of ongoing debate is the regulated cost of equity for… Read More
The Competition and Markets Authority (CMA) has published a summary of its Provisional Determination of the appeals in respect of Ofgem’s RIIO-GD2 and RIIO-T2 price control review. Out of 12 grounds of appeal, it provisionally upheld, partially or fully, five. In many instances, the CMA did not find Ofgem’s… Read More
In October 2020, HM Treasury in the UK issued a consultation on its Future Regulatory Framework Review. The Review considers how the regulatory framework for financial services needs to adapt to be fit for the UK’s future outside of the European Union. In this context, Oxera, the London School of… Read More
On 14 July 2021, the UK government published its long-awaited Transport Decarbonisation Plan (‘the Plan’), outlining 78 commitments and actions to deliver net zero in the transport system by 2050. Alongside the Plan, the government also published a delivery plan on the phasing out of petrol and diesel cars and… Read More
The landscape for equity trading in Europe has been going through a period of considerable change over the past few years since the introduction of the EU’s Markets in Financial instruments Regulation (MiFIR) and Second Directive (MiFID II) in 2018, and since the UK’s withdrawal from the EU. When considering… Read More
This report, prepared on behalf of Gatwick Airport Limited (GAL), presents an evaluation of Gatwick Airport’s value in the local economy. Following the impact of the COVID-19 pandemic on traffic in the UK and abroad, Oxera has been asked to update previous estimates of the economic value of Gatwick… Read More
Amazon commissioned Oxera to conduct a behavioural economics experiment to test the impact of regulatory interventions, such as the proposal for the EU Digital Markets Act (‘DMA’), on innovation in the EU. This experiment brings new evidence of the likely effect of these regulatory proposals. The results showed that… Read More
There are a substantial number of studies and investigations that highlight a wide range of theories of harm that may arise in the digital economy. However, significantly less attention has been given to the theories of benefit and value creation relating to online platforms. Having an in-depth understanding of… Read More
