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New bulletins for March
This year, Frontier is celebrating its 10th anniversary. While many things have changed since we started out, the insight that economic thinking can bring to a diverse range of subjects has not. As this collection of four bulletins shows, whether you are considering changing the focus of your business model or deciding how best to generate renewable electricity, economics can help.
In A barrage of objections we share the results of our analysis of the possible costs and benefits of a Severn Barrage; an analysis that has proved central to the Government’s consideration of such a scheme. Frontier’s work included both an examination of the policy framework for these types of decisions as well as the identification of specific costs and benefits associated with a barrage and possible alternatives. (You can access our full report on the Severn Barrage on our website here)
It should be terminal returns to the issue of competition between UK airports; the subject of one of our June bulletins in 2008 and an issue that remains topical with the imminent publication of the Competition Commission’s final report on BAA airports. In this bulletin, we consider whether alternatives to full scale divestiture of airports could be equally effective in stimulating competition between airports.
Innovation is the lifeblood of a competitive business and is the subject of Funnel vision. While high-tech industries typically have well-developed R&D pipelines, companies in other sectors may find that eureka moments are few and far between. Adopting processes that make the finding and testing of new ideas part of everyday life can speed up the pace of change.
Finally, in Games people play we consider the factors that economic theory dictates may influence the success of a tacit cartel. While the checklist of these factors is well known, there is little guidance on which are most important. To fill this gap, Frontier has developed an interactive “collusion game”. This bulletin shares the insights we have gained from playing the game with teams of regulators, lawyers and economists.
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