Frontier Publications
- Keep 'em un-coordinatedCoordinated effects in mergersBulletin | 19.08.2010.
- The times, they’re a changin’Using economics to adapt to climate changeBulletin | 11.08.2010.
- Taking the strain Risk-sharing in UK rail frachisingBulletin | 01.08.2010.
- Necessary inventionsEconomic policies to increas low-carbon innovationBulletin | 15.07.2010.
- Economic Analysis of the RSPTWith a postscript on the negotiated outcomePaper | 05.07.2010.
- Not patently obviousHolders of patents and the Australian Trade Practices ActBulletin | 30.06.2010.
- Shelf lifeUsing promotions effectivelyBulletin | 10.06.2010.
- RPI-X@20: Output measures in the future regulatory frameworkA report prepared for OfgemPaper | 31.05.2010.
- RPI-X@20: The future role of benchmarking in regulatory reviewsA final report prepared for OfgemPaper | 31.05.2010.
- Public competitionThe choices facing the UK government after the electionBulletin | 29.04.2010.
Wrong numbers
Difficulties in estimating the welfare gains from regulationRegulators and their government masters are under some obligation to demonstrate that their interventions actually benefit consumers. The Competition Commission's inquiry into mobile phone call charges illustrates the pitfalls. The Commission's attempts to quantify the welfare gains of its proposals, which have attracted widespread interest amongst European regulators, suffered from defects that led to a serious over-estimation of the potential benefits from regulation. This bulletin explores the weaknesses in the Commission's analysis.
 frontier bulletin - wrong numbers.pdf |
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