Tag Archives: LE publication (working papers and economic briefs)

Higher Education Fees and Funding Reforms in England: What is the Breakeven RAB Charge for the Treasury?

Sector:Education.
Client:N/A
Published:12 March, 2014
Document type:LE publication (working papers and economic briefs)

London Economics’ Research Brief considers the costs of the higher education fees and funding reforms in England. In this analysis, the term “break-even” refers to the point at which the estimated costs to the Treasury resulting from the 2012-13 higher education reforms have the same long run economic cost as the fees and funding system […]

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The Potential of Big Data – Can Patterns in Consumer Spending Predict Economic Sentiment?

Sector:
Client:N/A
Published: December, 2013
Document type:LE publication (working papers and economic briefs)

BBVA is the first banking institution to make Big Data on real trading activity publicly available. In particular, hourly credit card transaction data was provided for the cities of Madrid and Barcelona on a geographically granular basis for a period of six months toward the end of 2012 and beginning of 2013. London Economics used […]

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How Much Does Size Matter? – A Comment on the English and Welsh Prison Estate

Sector:Public Policy.
Client:N/A
Published: July, 2013
Document type:LE publication (working papers and economic briefs)

In the light of the recent announcement by the MoJ of its plan to build a 2,000 prison at Wrexham, and the report from the think tank Policy Exchange[1] arguing that £10 billion could be saved over 25 years by restructuring the prison estate, we analyse what the data shows and what it suggests in […]

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Regional Disparities in GDP Per Capita in the EU After the Financial Crisis

Sector:Public Policy.
Client:N/A
Published: May, 2013
Document type:LE publication (working papers and economic briefs)

This London Economics’ Noteworthy Statistics Briefing investigates the level of regional disparities in per-capita income across the EU27 in 2011 and changes in such disparities following the financial crisis, using the latest data made available by Eurostat.

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The Determinants of University Selection

Sector:Education.
Client:N/A
Published: April, 2013
Document type:LE publication (working papers and economic briefs)

See London Economics’ recent Research Brief on the determinants of university selection. The analysis looks at the role of university name and ranking on selection rates, as well as the value of a university ranking place and graduate employment outcomes.

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Living Standards in the EU After the Financial Crisis – UK Records Among the Largest Declines

Sector:Public Policy.
Client:N/A
Published: April, 2013
Document type:LE publication (working papers and economic briefs)

This London Economics’ Noteworthy Statistics Briefing investigates the change in living standards across the EU27 following the financial crisis, using the latest data made available by Eurostat. The analysis focuses on two measures of standards of living: the median equivalised disposable income and the severe material deprivation rate.

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Reform in the Australian Urban Water Sector: the Productivity Commission Inquiry

Sector:Competition, Regulation and Business.
Client:LE Economic Brief
Published: April, 2011
Document type:LE publication (working papers and economic briefs)

This Economic Brief by London Economics, reviews the interim report of the Australian Productivity Commission inquiry into the urban water sector in Australia and compares their propoals for water reform with the reform proposals being debated in the UK.

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Estimating the Impact of Access Conditions on Service Quality in Post

Sector:Competition, Regulation and Business.
Client:LE Working Paper
Published: 2010
Document type:LE publication (working papers and economic briefs)

In this Working Paper, London Economics uses data on the speed of delivery for international letter post to estimate the impact of access conditions on quality in the postal sector.

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The Theory and Practice of Setting the X-factor in Postal Pricing

Sector:Competition, Regulation and Business.
Client:LE Working Paper
Published: 2009
Document type:LE publication (working papers and economic briefs)

This London Economics Working Paper reviews the theory and practice of setting the X-factor in postal price regulation.

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The Effectiveness of Competition Policy and the Price-Cost Margin: New Econometric Evidence

Sector:Competition, Regulation and Business.
Client:LE Working Paper
Published: December, 2008
Document type:LE publication (working papers and economic briefs)

This paper presents new econometric evidence suggesting that effective competition policy serves to curtail the exercise of market power – countries in which competition policy is judged to be more effective are characterised by lower market price-cost margins, controlling for other factors believed to influence the price-cost margin.

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Behavioural Economics and Experimental Economics

Sector:Behavioural.
Client:LE Economic Brief
Published: October, 2008
Document type:LE publication (working papers and economic briefs)

This Economic Brief explains what behavioural and experimental economics are, giving examples of real world policy applications.

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Estimation of the Net Cost of Fulfilling Universal Service Obligations in the Telecoms Sector

Sector:Competition, Regulation and Business.
Client:LE Economic Brief
Published: May, 2008
Document type:LE publication (working papers and economic briefs)

This LE Economic Brief describes London Economics’ estimation of the net cost of the Universal Service Obligation in Ireland.

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Modelling EU Electricity Market Competition Using the Residual Supply Index

Sector:Competition, Regulation and Business.
Client:LE Working Paper
Published: May, 2008
Document type:LE publication (working papers and economic briefs)

This LE Working Paper reports on research undertaken by LE and others for the European Commission inquiry into the state of competition in the EU’s electricity markets. It also presents new analysis on the economic foundations of the Residual Supply Index as a market structure variable.  From 2005 to 2007

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Exclusive Contracts: Theory and Practice

Sector:Competition, Regulation and Business.
Client:LE Working Paper
Published: May, 2008
Document type:LE publication (working papers and economic briefs)

Exclusive contracts between two parties may be of concern for competition policy as they can be used to restrict the extent of competition in markets. In this note we briefly review the economic literature on the various effects of exclusive contracts and also illustrate with a real-world example how the relevant theory can be applied […]

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Estimating the Impact of Price Regulation on Quality of Service in Post

Sector:Competition, Regulation and Business.
Client:LE Presentation
Published: May, 2008
Document type:LE publication (working papers and economic briefs)

16th CPDE, Portugal, May 2008.

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The EU Car Market Under the New BER

Sector:Competition, Regulation and Business.
Client:LE Economic Brief
Published: July, 2006
Document type:LE publication (working papers and economic briefs)

This Brief summarises our report for DG Competition and reviews market developments in automotive retailing and after-sales sectors following the entry into force of the Regulation No. 1400/2002 (the Block Exemption Regulation or, simply BER), the new EC regulation covering distribution and after sales services of new motor vehicles in the EU.

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E-communications Investment in the EU

Sector:Competition, Regulation and Business.
Client:LE Economic Brief
Published: July, 2006
Document type:LE publication (working papers and economic briefs)

This Brief summarises research undertaken by London Economics for the European Commission. The research provides first data on investments in the electronic communications markets in the EU Member States and analyses sources of differences across Member States, sectors and competitors (incumbent versus new entrants). It also provides a comparative analysis of growth of the electronic […]

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Incorporating Quality of Service Measures Into Price-caps for Post

Sector:Competition, Regulation and Business.
Client:LE Working Paper
Published: June, 2006
Document type:LE publication (working papers and economic briefs)

This paper develops an approach of how to incorporate quality of service improvements into price caps using economic concepts related to productivity growth measurement and hedonic pricing. The paper advances practical work done by Postcomm (use of the C factor) and is related to empirical work done previously to estimate both consumers’ willingness to pay […]

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Rescue and Restructuring State Aid

Sector:Competition, Regulation and Business.
Client:LE Working Paper
Published: August, 2005
Document type:LE publication (working papers and economic briefs)

This Workign Paper examines the survival of companies having received rescue or restructuring State aid in the EU. The analysis is based on a newly constructed dataset on the awards of State aid that were approved individually by the Commission between 1995 and 2003.

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An Empirical Examination of the Theory and Practice of How to Set X

Sector:Competition, Regulation and Business.
Client:LE Working Paper
Published: June, 2004
Document type:LE publication (working papers and economic briefs)

This Working Paper examines the setting of the X-factor in price cap regulation. We show the US-style productivity-offset  X relies on assumptions that are unlikely to hold empirically. We propose a more direct X, where X equals the forecast of TFP growth less the difference between industry input and consumer price growth.

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Statistical Inference in Merger Analysis

Sector:Competition, Regulation and Business.
Client:LE Working Paper
Published: 2004
Document type:LE publication (working papers and economic briefs)

In the context of merger analysis, statistical inference is often used in the guise of a hypothesis test, where the test is on whether the merger will be harmful to consumers (and/or possibly to other competitors). The aim of this Working Paper is to review the methodological choices regarding the use of statistical inference. We […]

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ICT Investment and Productivity in the UK: a Regional Assessment

Sector:Competition, Regulation and Business.
Client:LE Economic Brief
Published: April, 2003
Document type:LE publication (working papers and economic briefs)

This Brief summarises our research for Cisco Systems which quantifies the contribution of Information and Communication Technologies (ICT) to output and labour productivity growth for twelve sectors of the UK. By using growth accounting methods, this study shows that the contribution of ICT to economic performance is substantial for most of the UK sectors.

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European Integration and Productivity: Exploring the Gains of the Single Market

Sector:Competition, Regulation and Business.
Client:LE Working Paper
Published: May, 2002
Document type:LE publication (working papers and economic briefs)

This paper uses a variety of panel data techniques to argue that the European Single Market Programme significantly increased productivity in a number of European countries. In particular, as a result of the Programme, industry productivity increased considerably in 1992 and 1993 in France, Italy, Germany, the Netherlands and in the UK.

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OLS and Instrumental Variable Price Elasticity Estimates for Water in Mixed-Effect Models Under a Multipart Tariff Structure

Sector:Competition, Regulation and Business.
Client:LE Working Paper
Published: April, 2002
Document type:LE publication (working papers and economic briefs)

A mixed-effects residential demand model for potable water is developed using a longitudinal data set constructed for the analysis. The data set comprises of 1,065 households from the Sydney Metropolitan and Wollongong areas, covering sixteen quarters from 1990 to 1994. The purpose of developing the demand model is to use it as a base model […]

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An Experimental Test of Design Alternatives for the British 3G / UMTS Auction

Sector:Competition, Regulation and Business.
Client:LE Working Paper
Published: January, 2002
Document type:LE publication (working papers and economic briefs)

In spring 2000, the British government auctioned off licences for Third Generation mobile telecommunications services. In the preparation of the auction, two designs involving each a hybrid of an English and a sealed-bid auction were suggested by the government: a discriminatory and a uniform price variant. We report an experiment on these two designs, and […]

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