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Letters and Notes
Letters and notes are short pieces of work devoted to specific or relatively narrow points concerning regulatory policies. Submissions for consideration should be made to George Yarrow
Euan Morton and Martin van Bueren
The Australian state of Victoria will be implementing a new water pricing framework for the next regulatory price review in 2018. The framework will apply to 16 of the State’s urban water businesses and Southern …
ViewSir Ian Byatt
Privatisation and untoward consequences in water services: the regulator's role Utilities were privatised:- to enable them to finance investment outside public expenditure controls, to improve choice for customers through greater competition, and …
ViewGeorge Yarrow
In his thought provoking note Applying behavioural economics at the Regulatory Conduct Authority, 2 Stephen Littlechild has drawn attention to an important set of questions about the use of behavioural economics in regulation. The Regulatory …
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The Office of Fair Trading’s (OFT) 14 March 2014 report on higher education found that England’s higher education sector is largely “working well”, but it scratched at the surface of the problems that are facing …
ViewJon Stern
At the 2013 Beesley Lecture on climate change policy2, David Kennedy, Chief Executive of the Climate Change Commission (CCC), discussed the role of the Commission in providing support for promising but not-yet-economic technologies. The last …
ViewGeorge Yarrow
At the final Beesley lecture of this year’s series, on reducing the costs of lowering carbon emissions2, an old chestnut of an economic argument was raised, to the effect that UK shale gas production, even …
ViewDavid Starkie and George Yarrow
The extent to which firms face price-elastic demands for their products is important in the application of competition law and in judgments made as to whether they have significant market power. In the context of …
ViewRegina Finn and Simon Less
Capture is an ever present risk to the benefits of independent sectoral regulation. The primary mode of capture may shift over time. Political ‘capture', or undue influence, is a key current threat. Conventionally, ‘capture’ is …
ViewEuan Morton and Nigel Evans
The Energy Bill The Energy Bill, currently on its passage through Parliament following its inclusion in the Queen's Speech, proposes a number of important changes to the UK energy market. Although the Bill contains several …
ViewColin Robinson
The Chairman has asked us to consider two decades of regulation but, in dealing with energy regulation, I have to look much farther back into the past – some fifty years – to see the …
ViewDavid Starkie
The last two decades have witnessed remarkable changes in European aviation, the consequence of a series of inter-related, largely symbiotic developments. These include: airline de-regulation; the use of information technology and the internet; new managerial …
ViewGeorge Yarrow
This year’s (2011) series of Beesley lectures was opened by Dieter Helm’s wide ranging examination of the UK government’s Electricity Market Reform (EMR) proposals and closed by Paul Dawson’s focused dissection of the carbon price …
ViewDavid Starkie
The purpose of this note is to draw attention to a generally neglected aspect of assessing market power in the supply of airport services. It develops a point made en passant in a paper written …
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