At the time of writing this note, the health crisis caused by the COVID-19 pandemic has severely affected a number of EU Member States. In addition to the severe impact…
The decline in European public equity markets has sparked concern from policymakers about how to revive listings. Behind this overall declining trend, there is a notable variation between financial centres.…
Over the course of more than 40 years, Oxera has developed and run training courses to help companies, regulators, investors, policymakers and lawyers to develop their knowledge of economic regulation and understand the key building blocks of a price review. Economic regulators make decisions that shape the revenues companies can… Read More
Interoperability plays an important role in the digital economy and can be a key driver of innovation, competition, choice and economic growth. Hardware interoperability, in particular, enables users to seamlessly connect devices from various providers, creating benefits for consumers. However, effective interoperability can be hindered by certain barriers, and is… Read More
Last year, ACM commissioned Oxera to conduct a study on dynamic efficiency for Dutch transmission system operators (TSOs). The objective of the study was to advise on the scope of productivity improvement that an efficient TSO could achieve over a regulatory period due to technological improvement (also referred to as ‘frontier shift’) or cheaper inputs. In particular, the aim of the analysis was to produce productivity growth estimates using Total Factor Productivity (TFP) and Output Price Index (OPI) measures, to be applied over the regulatory period starting in 2017 for TenneT (the electricity transmission operator) and Gasunie Transport Services (GTS) (the gas transmission operator). Read More
