With modern society increasingly relying on large infrastructure projects, we look at the economics and financial considerations that underpin their development and delivery. Three particular aspects are explored: how to finance them, weigh their costs and benefits, and build in effective incentive properties
Investors’ holdings in multiple firms give rise to what is known as ‘common ownership’. Are the strategic decisions of competing firms affected by the presence of common ownership? Albert Banal-Estañol of Universitat Pompeu Fabra, Barcelona GSE and City University of London, and Melissa Newham and Jo Seldeslachts of DIW Berlin and KU Leuven, provide evidence on the impact that common ownership has on market entry, one of the most important strategic decisions that firms make, in US pharmaceutical markets
Oxera advises HKCC in precedent-setting caseOn 17 May 2019, the Hon. G Lam J, President of the Hong Kong Competition Tribunal (‘the Tribunal’), ruled in favour of the Hong Kong Competition Commission (‘HKCC’) in an enforcement action against ten construction companies.
Oxera advises Nationwide Building Society The Board of Banking Competition Remedies Ltd (BCR) has today announced the results of the Capability and Innovation Fund Pool B grant process, with Nationwide Building Society (Nationwide) receiving the top prize of £50m. Investec and the Co-Operative Bank won smaller awards of £15m each. Nationwide, the Co-Operative Bank
Oxera is pleased to be sponsoring the inaugural London International Disputes Week, a four-day event bringing together lawyers, judges, arbitrators, experts, academics and others from around the world to explore the future of international dispute resolution.
We are delighted to announce that Paula Stillman has been promoted to Principal, Business Support, and Head of Resourcing. Paula joined Oxera in 2004 as a Personnel Assistant, and over the past 15 years has grown to be an invaluable senior manager of the HR team, having played a significant role in shaping the function
Oxera grows its partnership, welcoming four new Partners: Sir Philip Lowe, Helen Ralston, Sahar Shamsi and Srini ParthasarathyWe welcome Sir Philip Lowe as a new Partner, together with the promotion of three new Partners, with effect from today.
The Global Arbitration Review (GAR) 100 Expert Witness Firms’ Power Index 2019 lists Oxera in its top 10 In publishing its annual index, GAR noted that, over the past year, Oxera had doubled its number of hearings and held steady its average claim value (of US$433m), adding: ‘The firm was founded originally by Oxford
In November 2018 Ofgem opened a consultation on changes to the way in which it recovers the costs of the networks used to transport electricity to homes, public organisations and businesses.In response to the consultation, energy companies Innogy, RES, ScottishPower and Vattenfall asked Oxera to review the analysis on which Ofgem had based its proposed Targeted Charging Review reforms.
Until recently, gas was seen in Europe as a complement to renewable energy—i.e. a cleaner (albeit costlier) alternative to coal. Since 2017, opinions have been changing, primarily as a result of stronger evidence on the pace of climate change. Nonetheless, as Sir Philip Lowe, Oxera Senior Adviser, explains, gas will continue to have an important role—albeit this is contingent on future innovation and the roll-out of gas investment, both of which in turn depend on politics and market regulation
