Documents
Documents

Regulatory risk and cost of capital: summary of views of interveiwees

Between July 1995 and January 1996 a series of one-to-one reviews were carried out with all the regulatory bodies, seven investment analysts, five companies each in the electricity and water industries, British Gas (BG), British Telecom (BT and British Airports Authority (BAA). Issues focused on the sources and nature of risk, the cost of capital and other pressing concerns of interviewees. This document provides a summary of the views expressed.

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July 16, 1996
marketing office working business
Documents

How regulation works: BT’s experience

A personal perspective on the regulatory relationships, their workings, and their effects on the way business operates, including: remarks of a somewhat theoretical kind about the nature of regulation in a free market economy; an examination of the way in which ideas on what regulation is about have been incorporated into the regime for telecommunications and how these ideas have actually worked in practice; and some proposals for reform

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September 30, 1994
three assorted beverage bottles on brown wooden table
Documents

The effects of regulation in the UK beer market

From time to time UK governments and their agencies have been concerned about the level of competion in the beer market, and, in particular, whether competition is sufficiently effective to ensure that, given the government tax take, prices are kept low in relation to costs.

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January 31, 1994
Documents

Problems of regulating environmental externalities

Environmental regulation is defined as regulation undertaken to protect environmental standards. The precise objectives are, however, frequently far less clear, sometimes even to the regulator. Definition of precise objecives of the regulation is a crucial first step.

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September 16, 1993
Documents

The optimal control of global warming

This paper integrates a simple model of the global economy with a model of the global climate in order to calculate the associated evolution of global warming over the very long term. It includes both a brief non technical overview of the model and a detailed description of the model.

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September 16, 1993
Documents

Notes on energy prices and regulatory policy

Energy prices are a much favoured target of public policy, subject to price controls in franchised monopoly markets, with a levy applied to electricity generated from fossil-fuel generating sets passed over to the operators of nuclear power stations.

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September 16, 1993

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