The UK Financial Conduct Authority (FCA) commissioned Oxera and the Nuffield Centre for Experimental Social Sciences (CESS) to conduct an experiment to test the impact of prompts on consumers’ propensity to shop around for pensions annuities. The findings of the experiment will be used by the FCA in its proposed remedies for the annuities market.
The Australian Energy Market Commission (AEMC) commissioned Oxera to consider how behavioural insights can be applied to retail energy markets in Australia, and in particular the competitive market indicators tracked by the AEMC. To that extent, this report provides recommendations for how behavioural economics could be incorporated into the AEMC’s analysis, although the specific analysis would require additional primary research, which is beyond the scope of this report.
As the UK steel industry continues to struggle, trade unions and other interested parties have called on the UK government to offer state support to the Port Talbot steelworks. This has not yet materialised, however, largely due to concerns over a potential breach of state aid rules.
In the run-up to the EU referendum—and all significant political events—the results of opinion polls are closely followed by those seeking to track the likely direction of the vote. However, polls are far from being the only way to estimate the probability of an uncertain event; analysis of bookmakers’ odds suggest that there is currently a 23% chance 1 of the UK public voting to leave the EU, suggesting that Brexit is perceived as more likely than Scotland voting for independence was at a comparable moment in the campaign. How can such prediction markets be used to draw inference about how their participants expect these events to unfold.
Despite the UK being part of the EU Single Market, trade in electricity between Great Britain and connected markets is significantly affected by differences in CO2 taxes, as well as in transmission and balancing charges. Brexit may give the UK the opportunity to adjust for this effect through import tariffs. If this happens, what would be the impact on the GB electricity market and trade in electricity? To answer this question, Oxera has estimated the likely changes using its electricity market dispatch model.
The impact of Brexit on legal services as a whole is uncertain, but consensus is emerging that competition law could be one of the areas most strongly affected. Oxera estimates that competition makes up around 5% of the UK’s top law firms’ service offering. 
Gatwick Airport Limited (GAL) commissioned Oxera to undertake an independent evaluation of the impacts of the remedies imposed by the Competition Commission (CC) after its 2009 market investigation into BAA.
This joint report, by consultancies Oxera and O&O, demonstrates that although the Commission’s proposals are intended to increase the availability of content across Europe, it is likely that they would result in significant adverse short-term impacts (up to €9.3bn welfare loss per annum), and that the medium- to long-term consumer outcomes would be worse than