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.…
Oxera’s team in Spain are hosting an engaging evening of discussion on the role of economics in competition and policymaking, featuring insights from leading voices in academia and industry. The roundtable will cover critical perspectives from competition, energy, industry, and finance. 19.00: Opening remarksCarlos Pascual (Oxera) 19.05–19.20: Keynote speechCani Fernández. Read More
Artificial intelligence (AI) is a general-purpose technology driving technological change at a rapid pace, reshaping industries, markets, and broader economic structures. While AI offers the prospect of significant productivity gains and economic growth, these benefits are not guaranteed and come with inherent risks and costs. Among the risks are the… 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
