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Disincentivising overbidding in toll road project procurement

The Australian Department of Infrastructure and Transport has today published a report, jointly written by Oxera and RBconsult, which identifies and assesses methods of disincentivising overbidding to obtain toll road concessions. The result is a set of international best practice principles and recommendations to minimise overbidding within public–private partnerships.

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Are rail fare increases offering good value for money?

Based on yesterday’s RPI figure for July, regulated rail fares in England will rise by 6.2% on average.

Oxera discussed this issue in an Agenda article last year, when the RPI + 3 fares policy was first expected to be used to set regulated fares in January 2012. Ultimately the policy was revised back to the previous position of RPI + 1 in last November’s Autumn Statement.

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Oxera expert role in landmark damages ruling by Competition Appeal Tribunal

On July 5th, the Competition Appeal Tribunal (CAT) issued a judgment in 2 Travel Group Plc (In Liquidation) v Cardiff City Transport Services Limited . This was a ‘follow-on’ damages claim based on a finding by the Office of Fair Trading (OFT) in 2008 that Cardiff Bus had engaged in anti-competitive practices against 2 Travel, an entrant into the market for local bus services in Cardiff.

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Oxera alumnus returns to head the Communications team

Oxera is delighted to welcome back Felipe Flórez Duncan to lead its Communications team. Felipe originally joined Oxera in 2005, specialising in competition and regulatory economics in the telecommunications and postal sectors. He rejoins Oxera from BT, where he was a Senior Regulatory Economist.

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The GCR Awards 2012 and ‘The Economics 20’ annual survey recognise Oxera’s excellence in competition economics

The achievements of Oxera’s competition practice were today rewarded with an impressive number of nominations for the GCR Awards 2012. Hosted by the Global Competition Review (GCR), these awards aim to recognise the achievements of teams and individuals from private practice firms, academic organisations and competition authorities in 2011. These nominations follow Oxera’s recent ranking as one of the top 20 competition economics firms worldwide in GCR’s ‘The Economics 20’ annual survey. Oxera is proud to have been commended for the work of its experts, both on an individual basis and as members of larger teams working on nominated cases.

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