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.…
How can economics tools support me in competition cases? For more than 20 years, our training course has helped participants gain the confidence to judge and rely on economic arguments and evidence put forward in a case. Previous attendees have included practitioners, in-house lawyers faced with an inquiry, and senior… Read More
This report considers the investability of the water sector in England and Wales, in light of Ofwat’s recent PR24 Draft Determinations and the wider market for infrastructure investment. Oxera’s report has been informed by a detailed analysis of Ofwat’s proposals, as well as direct engagement with over 30 major investors… 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
