Back in the 1990s and the early years of the 21st century the UK government developed a relatively sophisticated handbook to guide the evaluation of alternative lines of regulatory policy…
The Paper challenges the common supposition that (scarcity) rents at Heathrow airport accrue from airlines charging efficient clearing prices and instead suggests that because of oligopolistic practices, much of the rent at Heathrow is quasi-monopoly rent. It also suggests remedies that could be implemented in the short term before more runway capacity is added and that if Heathrow airlines matched the average load-factors of those at London’s other major airport, Gatwick, average fares might be as much as 5 per cent lower.
It was a great pleasure to spend two, sunny, late November days in Melbourne this year (2019) discussing the future of regulatory policy with Australian friends and colleagues, particularly since…
Delivered as part of 'Has the privatisation experiment been a success with 30 years of evidence?', Hertford Seminar in Regulation 2019
Delivered as part of 'Investing in utility networks with less reliance on markets and more uncertainty: how do we deliver security and efficiency?', Hertford Seminar in Regulation 2019
The Xmas and New Year break is a good time to catch up on background reading that has sat around on a ‘to do’ list for longer than it perhaps…
This note focuses on a narrow front in the Brexit wars, the Attorney General’s (AG’s) advice on the Ireland/Northern Ireland Protocol to the Withdrawal Agreement and the implications of that…
The Prime Minister’s letter to the nation of 24/11/18 reveals again the over-riding priority she attaches to reducing immigration, which might reasonably be described as an obsession that has developed…
Delivered as part of 'The discovery, assessment and use of evidence in regulatory and competition law decision making', Annual Competition and Regulation Conference 2018
Delivered as part of 'The discovery, assessment and use of evidence in regulatory and competition law decision making', Annual Competition and Regulation Conference 2018