Tag Archives: quantitative analysis

The Economic, Social and Cultural Impact of the University of Birmingham – March 2017

Sector:Education.
Client:University of Birmingham
Published:09 March, 2017
Document type:Report

London Economics were commissioned by the University of Birmingham to undertake an analysis of the university’s economic, social and cultural impact. The study considered the economic impact of teaching and learning, research activities, educational exports, as well as the direct, indirect and induced impact generated by the university and its students throughout the local, regional […]

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The Determinants of International Demand for UK Higher Education – January 2017

Sector:Education.
Client:HEPI/KAPLAN
Published:12 January, 2017
Document type:Report

London Economics were commissioned by the Higher Education Policy Institute and Kaplan International Pathways to undertake an analysis of the international determinants of UK higher education enrolments. The analysis illustrates the impact of macroeconomic factors (such as a currency depreciation or overseas economic growth), institutional factors (such as UK and US fee levels) and policy […]

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The Determinants of University Selection – January 2017

Sector:Public Policy.
Client:LE Economic Brief
Published:13 January, 2017 January, 2017
Document type:

Read London Economics’ research brief on the determinants of university selection. The analysis considers the relative importance of fees and funding on the selection of universities, as well as the role of other characteristics (such as rankings). The report also highlights students’ willingness to pay for different university attributes.

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Facilitating Cross Border Data Flow in the Digital Single Market – January 2017

Sector:Public Policy.
Client:EC DG Connect
Published:10 January, 2017
Document type:Report

Unnecessary requirements to maintain control over the location where data and documents physically reside are an obstacle to the free flow of data within the Single Market. LE investigated the restrictions to the free flow of data across borders within the European Union, concentrating on 8 member states. The study found that legal restrictions of […]

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Development of the Scottish Space Industry – December 2016

Sector:Aerospace.
Client:Scottish Enterprise
Published:1 December, 2016
Document type:

Scottish Enterprise commissioned London Economics to support their work to develop the Scottish space industry. The objective of the study was to answer two key questions: Where is the Scottish space economy at present: in an absolute sense; and in comparison with the UK and global space economy? Where could, and should, the Scottish space […]

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Annual Report on European SMEs 2015/16 – November 2016

Sector:Public Policy.
Client:EC DG Growth
Published:24 November, 2016
Document type:Report

The 2015/16 SME Annual Report prepared by London Economics as part of the 2016 SME Performance Review (undertaken by a consortium comprising Carsa, DIW, DIW econ, Innova, London Economics and PwC) shows that in 2015 in the EU28 SMEs as a group have experienced growth in value added, employment and the number of enterprises. In […]

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Impact of the Capital Requirements Regulation (CRR) on the Access to Finance for Business and Long-term Investments – November 2016

Sector:
Client:EC DG for Financial Stability, Financial Services and Capital Markets Union (FISMA)
Published:23 November, 2016
Document type:Report

The Capital Requirements Regulation (CRR) considerably strengthens the quantity and quality of the minimum capital that banks in Europe are required to hold. This study assesses whether increased minimum capital requirements, through observed changes in banks’ regulatory capital ratios, impact bank lending using data on a broad sample of banks in Europe, including for the […]

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Consumer Vulnerability Across Key Markets in the EU: Animated Infographic – November 2016

Sector:
Client:EC DG Justice and Consumers
Published:21 November, 2016
Document type:Presentation

Following the publication of London Economics’ study into consumer vulnerability across the EU for DG Justice and Consumers, the European Commission has released an animated infographic which presents the key findings of the study, including the varying impact of vulnerability drivers across key markets.

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The Economic and Social Impact of Cardiff University in 2014-15 – Press Release – November 2016

Sector:Education.
Client:Cardiff University
Published:28 November, 2016
Document type:

London Economics were commissioned by Cardiff University to undertake an analysis of the university’s economic and social impact. The Press Release issued by Cardiff University can be accessed on the link above.

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The Economic and Social Impact of Cardiff University in 2014-15 – Full Report – November 2016

Sector:Education.
Client:Cardiff University
Published:28 November, 2016
Document type:Report

London Economics were commissioned by Cardiff University to undertake an analysis of the university’s economic and social impact. The full report assessing the economic impact of teaching and learning, research, education exports, and the direct, indirect and induced impact generated by Cardiff University can be accessed on the link above.

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Insolvencies and SMEs: the Role of Second Chance, Special Study, SME PERFORMANCE REVIEW 2015/16 – November 2016

Sector:Public Policy.
Client:EC DG Growth
Published:24 November, 2016
Document type:Report

This companion study to the 2015/15 Annual Report on SMEs provides 1) a literature review of recent studies focusing on the determinants and impacts of SME bankruptcies and the economic impact of various characteristics of a bankruptcy regime; 2) a number of case studies on the issues faced by entrepreneurs when they went bankrupt or […]

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IPID Consumer Testing and Design Work – August 2016

Sector:
Client:European Insurance and Occupational Pensions Authority (EIOPA)
Published:01 August, 2016
Document type:Report

EIOPA commissioned a consortium consisting of LE Europe, Ipsos MORI and Academy Design Partners to undertake consumer testing on the design of a standardised presentation format of an Insurance Product Information Document (IPID). The findings of the consumer testing, as presented in this report, were intended to assist EIOPA to reach a view on the […]

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Economic Analysis of Higher Education Fees and Funding in the Health Professions – June 2016

Sector:Education.
Client:UNISON and National Union of Students
Published:08 June, 2016
Document type:

Following the publication of the recent report on behalf of UNISON and the National Union of Students (here), we have added a short note providing some additional discussion relating to the modelling undertaken and evidence underpinning the analysis. The note is available on the link above.

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The Danish Space Economy 2016 – June 2016

Sector:Aerospace.
Client:Danish Agency for Science and Innovation
Published:23 June, 2016
Document type:Report

The Danish Government commissioned London Economics and Rambøll Management Consulting to support their work to develop Denmark’s first National Space Strategy. This report was the outcome of this work. It helped bridge the gap in the government’s understanding of the downstream space sector and provided the working group on the Government’s Space Strategy the supporting […]

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Estimating the Impact of Publicly Funded Training on Industry and Firm-level Outcomes – May 2016

Sector:Education.
Client:Department for Business, Innovation and Skills
Published:12 May, 2016
Document type:Report

London Economics were commissioned by the Department for Business, Innovation and Skills to undertake an analysis of the impact of publicly funded training on industry-level and firm-level outcomes. To undertake the analysis, researchers at London Economics first matched the Individualised Learner Record, EDS ‘Blue Sheep’ data, and the Inter Departmental Business Register (IDBR), and then […]

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The Impact of the 2015 Comprehensive Spending Review on Higher Education Fees and Funding Arrangements in Subjects Allied to Medicine – May 2016

Sector:Education.
Client:UNISON and National Union of Students
Published:25 May, 2016
Document type:Report

London Economics were commissioned by UINISON and the NUS to undertake an independent analysis of the impact of the removal of NHS bursaries on prospective students in Allied Health Professions announced in the 2015 Comprehensive Spending Review. The analysis considers the resource flows between the Exchequer, Higher Education Institutions and students/ graduates. Having been launched […]

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The Impact of Literacy, Numeracy and Computer Skills on Earnings and Employment Outcomes – March 2016

Sector:Public Policy.
Client:OECD
Published:31 March, 2016
Document type:Report

This OECD Education working paper looks at the impact of literacy, numeracy and computer skills on earnings and employment outcomes. Using the 2012 PIAAC data, our analysis confirms that there are significantly higher earnings and employment returns to both increasing levels of formally recognised education, and to increasing levels of numeracy, literacy and Information and […]

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Return from Public Space Investments: An Initial Analysis of Evidence – November 2015

Sector:Aerospace.
Client:UK Space Agency
Published:12 November, 2015
Document type:Report

To support the ongoing development of an evidence-based framework for evaluation and appraisal of their funding and activities, the UK Space Agency commissioned London Economics to conduct an assessment of the evidence on the returns to public investments in the space sector. This report presents the findings of this exercise. Note: Some confidential information obtained […]

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Mind the Gap: Comparing Public Funding in Higher and Further Education – November 2015

Sector:
Client:University and College Union
Published:18 November, 2015
Document type:Report

London Economics were commissioned by the University and College Union to undertake a forensic analysis of the public funding associated with Higher and Further Education across the Home Nations of the United Kingdom. The analysis demonstrates the significant differences in public funding between the different education paths in England, but also the fundamental differences across […]

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AmCham EU Agenda for Action Scorecard 2015 – November 2015

Sector:Public Policy.
Client:American Chamber of Commerce to the EU (AmCham EU)
Published:17 November, 2015
Document type:

LE updated the KPIs for the AmCham EU ‘Agenda for Action Scorecard 2015’. The scorecard uses Agenda for Action’s five key policy action areas (skills, single market, industrial leadership, entrepreneurship & internationalisation) to measure Europe’s performance over time. The performance of each action area is measured by five indicators, both quantitative and qualitative. For each […]

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Evaluation of the Impact and Cost-effectiveness of UKTI’s Support for Events – November 2015

Sector:Public Policy.
Client:UK Trade & Investment
Published:03 November, 2015
Document type:Report

UKTI’s Events programme consists of wide range of support activities, including lectures and workshops on specific industries/markets, overseas market visits, meetings and networking opportunities with business delegations, etc. The project assessed the net financial benefit of the programme, wider qualitative benefits accruing to participating businesses, and participants’ willingness to pay for attending events. The evidence […]

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An Assessment of Open to Export – November 2015

Sector:
Client:UK Trade & Investment
Published:03 November, 2015
Document type:Report

LE evaluated the impact of Open to Export, a website supported by UK Trade & Investment that functions as an electronic intermediary, connecting businesses with other businesses, organisations and official sources of information and assistance, including UK Trade & Investment. The study collected information through interviews with six selected “service providers” and a structured telephone […]

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2015 SME Annual Report – November 2015

Sector:Public Policy.
Client:EC DG Growth
Published:17 November, 2015
Document type:Report

The 2015 SME Annual Report prepared by London Economics as part of the 2015 SME Performance Review (undertaken by a consortium comprising Carsa, DIW, DIW econ, Innova, London Economics and PwC) shows that in 2014 in the EU28 SMEs as a group have increased their employment for the first time since the onset of the […]

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Satellite Technologies in UK Agriculture – November 2015

Sector:Aerospace.
Client:UK Space Agency
Published: November, 2015
Document type:Report

A Pathfinder study funded under the National Space Technology Programme (NSTP) The need for sustainable, efficient and cost-effective methods of farming has never been more pressing. As the global population continues to rise, the challenge to meet global food demands in a sustainable manner is becoming increasingly important. At the same time, farmers are being […]

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High-Cost Short-Term Credit Price Comparison Websites – November 2015

Sector:
Client:Financial Conduct Authority
Published:30 November, 2015
Document type:Report

This behavioural economics study for the FCA, tested additional standards for price comparison websites that compare HCSTC products. It forms part of the evidence base used by the FCA in its recommendations for additional standards in response to the CMA’s final report on payday lending.

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It’s the Finance, Stupid! The Decline of Part-time Higher Education and What to Do About It – October 2015

Sector:
Client:N/A
Published:29 October, 2015
Document type:Report

London Economics have contributed to a new Higher Education Policy Institute (HEPI) Report on part-time higher education. The analysis by Dr Gavan Conlon and Maike Halterbeck contrasts the methodology underpinning current official estimate of the RAB charge and that presented in previous work undertaken by London Economics for million+ and the IPPR. Given the differences […]

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The Economic and Social Impact of Cardiff University – October 2015

Sector:
Client:Cardiff University
Published: October, 2015
Document type:Report

London Economics undertook an in-depth economic impact analysis on behalf of Cardiff University. The analysis considered the economic  and social impact  of the university on the UK economy covering teaching and learning activities, research, the direct, indirect and  induced effect associated with the university’s physical footprint, as well as its contribution to exports arising from […]

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Google Lunar XPRIZE Market Study 2014: Media Summary – August 2015

Sector:Aerospace.
Client:XPRIZE Foundation
Published: August, 2015
Document type:Report

This follow‐on study completed by London Economics on behalf of the XPRIZE Foundation builds on the insights developed through the Google Lunar XPRIZE Market Study 2013, digging deeper into the consolidated quantitative market demand and opportunity valuations, providing an updated, improved and more in‐depth analysis of the market opportunities addressable by teams competing in the […]

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The Case for Space 2015 – July 2015

Sector:Aerospace.
Client:Innovate UK, the Satellite Applications Catapult, UKspace trade association and the UK Space Agency
Published:14 July, 2015
Document type:Report

The UK space industry’s annual value grew to £11.8 billion in 2012-13, having grown at an average compound rate of 8.6% year-on-year since 2008-09, with a productivity some 3 times the UK average, according to The Case for Space 2015 report produced by London Economics and launched 14th July at the UK Space Conference. The […]

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UK Space Conference 2015: ‘The Space Value-chain Explained’

Sector:Aerospace.
Client:N/A
Published:23 July, 2015
Document type:Presentation

Liverpool, Tuesday 14th July – Greg Sadlier, Head of the Space team at London Economics, presented on ‘The space value-chain explained’ during the Opportunities for Business session at the UK Space Conference 2015. The slides introduce the definitions, value chain and some key findings of our report ‘The Case for Space 2015’, which was launched […]

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Media Coverage: ‘The Case for Space 2015’ – July 2015

Sector:Aerospace.
Client:UK Space Agency
Published:23 July, 2015
Document type:

FT Video: UK space start-ups take off Jul 17, 2015: Peggy Hollinger looks at the booming UK space industry and meets companies making the next generation of propulsion engines and satellites. http://video.ft.com/4360019278001/UK-space-start-ups-take-off/Companies   FT: UK eager to claim its share at the final frontier Jul 17, 2015: Peggy Hollinger, Industry Editor http://www.ft.com/cms/s/0/cfc0c360-2c1a-11e5-acfb-cbd2e1c81cca.html#axzz3gipoAvId   FT: UK […]

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The Death of the Saturday Job – June 2015

Sector:Education.
Client:UK Commission for Employment and Skills
Published: June, 2015
Document type:Report

Read London Economics’ report for the UK Commission of Employment and Skills on the extent of young people combining work with study.

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Assessing the Impact of the Capital Requirements Regulation (CRR) on the Access to Finance for Business and Long-term Investments – June 2015

Sector:
Client:EC DG for Financial Stability, Financial Services and Capital Markets Union (FISMA)
Published: June, 2015
Document type:Note

LE Europe has been appointed by the European Commission to assess the impact of the Capital Requirements Regulation (CRR) on the access to finance for business and long-term investments, including infrastructure projects. On the impact of the CRR on infrastructure financing particularly, Graham Bishop, a consultant on EU financial matters, will advise on the importance […]

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Delivering Value from the Higher Education Estate – April 2015

Sector:
Client:AUDE/HEFCE
Published:16 April, 2015
Document type:Report

The Association of University Directors of Estates (AUDE) has published the report ‘Delivering Value from the Higher Education Estate’ produced by Kilner Planning and London Economics. Delivering value from the estate is a core element of the Phase II Review of Sir Ian Diamond’s review into Efficiency and Effectiveness in Higher Education. The report documents […]

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The Impact of the Minimum Wage on Young People – March 2015

Sector:
Client:Low Pay Commission
Published:18 March, 2015
Document type:Report

London Economics were asked by the Low Pay Commission to undertake an analysis of the impact of the recent slowdown and freeze in the national minimum wage on young people’s earnings and employment outcomes.

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Study on the Coverage, Functioning and Consumer Use of Comparison Tools and Third-party Verification Schemes for Such Tools – March 2015

Sector:Behavioural.
Client:European Commission – Executive Agency for Health and Consumers (EAHC)
Published: March, 2015
Document type:Report

The European Commission has published the study on consumers’ use of comparison tools. As part of the study London Economics completed a behavioural experiment in 15 EU countries that investigated consumer understanding and use comparison tools. The study forms part of the evidence base used by the Commission to develop, together with stakeholders, a series […]

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The Earnings and Employment Returns to A Levels – March 2015

Sector:Education.
Client:Department for Education
Published:22 March, 2015
Document type:Report

London Economics were commissioned by the Department for Education to analyse the returns to A levels. The core results indicated that compared to GCSEs/O levels, there are strong positive wage returns to A levels – irrespective of whether the individual goes on to complete further or higher qualifications. The full report is available here.

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Managing Money Online – Working As Well As We Think? – February 2015

Sector:
Client:Keep Me Posted campaign
Published:03 February, 2015
Document type:Report

This study for the Keep Me Posted Campaign implemented a behavioural experiment and consumer survey in order to analyse consumers’ behaviour and perceptions when they receive transactional mail either by post or electronically.

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Reaching Higher: Reforming Student Loans to Broaden Access to Postgraduate Study – October 2014

Sector:Education.
Client:Institute for Public Policy Research
Published: October, 2014
Document type:Report

London Economics were commissioned by the Institute for Public Policy Research (IPPR) to model the costs to the Exchequer associated with the introduction of a loan scheme for postgraduate students.

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Scaling Up Solutions to Social Care – October 2014

Sector:
Client:Big Society Capital
Published:30 October, 2014
Document type:

The UK is facing a funding crisis in social care for older people. Demographic changes mean that between 2010 and 2022 the population of people aged 65 and over is expected to grow by 27% and the number of people aged 85 and over is projected to grow by 44%. Research suggests that, just to […]

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The Size & Health of the UK Space Industry 2014 – October 2014

Sector:Aerospace.
Client:UK Space Agency
Published:09 October, 2014
Document type:Report

Since 1992, the UK Space Agency has been periodically surveying the UK space sector, and places a great deal of emphasis on the results of this study as a measure of industry performance. The UK Space Agency contracted London Economics to conduct the 2014 edition, covering the years 2011/12 and 2012/13. The objectives of the […]

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A Partial and Fragile Recovery – Annual Report on European SMEs 2013/14 – October 2014

Sector:Public Policy.
Client:EC DG Enterprise and Industry
Published:06 October, 2014
Document type:Report

The 2014 report provides an overview of the size, structure and importance of SMEs to the European economy and their contribution to growth and jobs. Comparisons with important partner countries outside the EU and with the large enterprise sector are also included. The pace of recovery of SMEs has slowed in the last three years. […]

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Ticket Retailing Code of Practice – What Information is Relevant – September 2014

Sector:Behavioural.
Client:Office of Rail Regulation
Published:26 September, 2014
Document type:Report

This study for the Office of Rail Regulation sets out to examine what information is important to passengers when choosing and buying rail tickets, what information passengers need in order to make informed decisions when selecting tickets, and how and when this information should be provided. The research is based on an online survey and […]

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Behavioural Economics in Retail Financial Services: Training Workshop, 30th September 2014, Central London

Sector:Public Policy.
Client:N/A
Published:19 August, 2014
Document type:

The London Economics’ Behavioural and Financial Services teams will provide a training workshop on the application of behavioural economics to retail finance. The course will address: The underlying principles of behavioural economics; Regulators’ understanding and use of behavioural economics; How behavioural economics is applied in retail financial services ; and, how to design, apply and […]

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Study on the Impact of the EU Energy Label – and Potential Changes to It – on Consumer Understanding and Purchase Decisions – August 2014

Sector:Public Policy.
Client:EC DG Energy
Published:19 August, 2014
Document type:Report

As part of the review of the EU Directive on Energy Labels, the European Commission engaged London Economics to undertake a behavioural study on consumer understanding and purchasing decisions, of the current EU energy label and potential changes to it. Interim findings were presented to the 3rd Stakeholder meeting on the Evaluation of the Energy […]

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Using Behavioural Economics: Practical Examples – August 2014

Sector:Behavioural.
Client:N/A
Published:27 August, 2014
Document type:Presentation

A presentation to practitioners at the Copenhagen Summer University. Explores how behavioural insights are being used by policy makers. Examples of behavioural studies used by regulators, and discusses the issues to consider when commissioning and designing experiments. The presentation also provides suggested papers illustrating the use of behavioural approaches and additional applied examples.

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Assessing Value for Money in Sixth Form Education – June 2014

Sector:Education.
Client:Sixth Form College Association
Published:16 June, 2014
Document type:Report

London Economics were commissioned by the Association of Sixth Form Colleges to undertake a detailed analysis of the value for money in Sixth Form education in England. Based on a number of merged data sets, the analysis demonstrated the exceptionally strong attainment outcomes achieved by students attending Sixth Form Colleges, as well as the superior […]

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Study on the Functioning of the Consumer Credit Market in the EU

Sector:
Client:EC DG Health and Consumers
Published:12 June, 2014
Document type:Report

Presentation to Eurofinas, Brussels, June 12th, 2014.

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Study on the Functioning of the Consumer Credit Markets in the European Union – May 2014

Sector:
Client:EC DG Health and Consumers
Published:20 May, 2014
Document type:Report

The study assesses the degree to which Consumer Credit Directive (CCD) fulfilled its principal objectives, namely: a) fostering an internal credit market in the EU, with a positive impact, in particular on cross­border competition; and, b) providing a high level of protection of consumers regarding consumer credits. The study focuses on the impact of the […]

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Economic Analysis of Merger in Hong Kong Mobile Telephony Sector – May 2014

Sector:Competition, Regulation and Business.
Client:Hong Kong Communications Authority
Published:05 May, 2014
Document type:

This final report considers the likely competition effects in Hong Kong telecommunications markets of the proposed acquisition of CSL New World Mobility Limited (CSLNWM) by HKT Limited. We assess whether there is likely to be a substantial lessening of competition (SLC) as a result of the merger; whether there are benefits to the public that […]

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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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General Insurance Add-ons: Experimental Consumer Research Report

Sector:
Client:Financial Conduct Authority
Published:13 March, 2014
Document type:Report

Behavioural experiment by London Economics which formed part of the FCA’s Add-on Insurance Market Study. The experiment with 1,500 UK residents tested for common patterns of consumer behaviour that arise due to add-on insurance mechanisms and assessed how insurance add-ons may lead to poor outcomes for consumers in these markets.

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An International Comparison of Apprentice Pay

Sector:Education.
Client:Low Pay Commission
Published:13 March, 2014
Document type:Report

London Economics were commissioned by the Low Pay Commission to undertake an investigation of the level of apprenticeship pay across fourteen countries. Covering a range of countries with different educational and apprenticeship systems, the main focus of the analysis relates to the assessment of apprentice pay (adjusted for price differences across countries) as a proportion […]

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Impact of EU Ban on Higher Nicotine E-Cigarettes on Tobacco Smoking

Sector:Public Policy.
Client:Electronic Cigarettes Ltd
Published:25 February, 2014
Document type:

The proposed ban compromises e-cigarettes’ role in supporting smoke cessation and is forecast to lead to 210,000 fewer successful quitters each year across the EU. E-cigarettes’ role in smoke reduction is also affected and a 0.8% increase in tobacco smoking or the equivalent of an extra 9.6 million cigarettes being smoked each day across the […]

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Using Behavioural Experiments to Identify Consumer Problems in Markets: Partitioned Pricing Practices

Sector:Behavioural.
Client:Office of Fair Trading
Published: January, 2014
Document type:Presentation

This presentation at the OFT’s Economic Seminar series, considers how behavioural experiments can be used to identify problems consumers can have in markets and details an experiment completed for the OFT on partitioned pricing, the practice of splitting prices into parts. The study identifies that these pricing practices can reduce consumer welfare and lead to […]

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Voluntary Food Labelling Schemes Study

Sector:Behavioural.
Client:EC DG SANCO
Published: January, 2014
Document type:Report

This market study for the European Commission included a pan-European behavioural experiment to test consumer willingness to pay for products associated with voluntary food labelling schemes. The study also included a web sweep of voluntary food labelling scheme in Europe, a consumer survey and assessment of schemes performance with the requirements of the 2010 Commission […]

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Survival or Relegation? The Impact of a Managerial Change in the Premier League

Sector:Competition, Regulation and Business.
Client:N/A
Published: December, 2013
Document type:

London Economics calculates the economic impact of a managerial change in the Premier League. The research is one of the first studies ever to accurately quantify the impact of manager changes in football. The analysis concentrates on the impact over 10 games and, crucially, it accounts for other factors that are likely to affect team […]

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The Economic and Societal Benefits Deriving from the Presence of Hyundai and Kia in Europe (update)

Sector:Competition, Regulation and Business.
Client:Hyundai Motor Company
Published: December, 2013
Document type:Report

London Economics published updated figures on the contribution of Hyundai and Kia to the European economy. The key findings are: Almost 317,000 people owe their jobs to the presence of Hyundai and Kia in the European Union Hyundai and Kia contributed €2.1 billion in taxes and duties to European governments in 2012 The majority of […]

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Modelling the Impact of Proposed Policies on Pubs and the Pub Sector

Sector:Competition, Regulation and Business.
Client:Department for Business, Innovation and Skills
Published: December, 2013
Document type:Report

This report to the Department for Business Innovation and Skills provides an independent analysis of the impact of the consultation proposals on gross and net pub closures and employment levels within the pub industry, using whatever robust evidence can be accessed, to inform the final stage impact assessment of the likely costs and benefits of […]

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Using Behavioural Experiments to Inform Consumer Policy in Financial Markets

Sector:
Client:N/A
Published: December, 2013
Document type:Presentation

A presentation at the Behavioural Finance Working Group conference, practitioners session on behavioural economics applied to finance markets. This presentation looks at applied policy examples of behavioural experiments relevant to consumer decision making in regard to financial products.

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2012/2013 Annual Report on European SMEs

Sector:Public Policy.
Client:EC DG Enterprise and Industry
Published: November, 2013
Document type:Report

The 2012/13 report on European SMEs was prepared by a consortium comprising CARSA, DIW, DIW econ, Innova, London Economics, Manchester Institute of Innovation Research (University of Manchester) and PwC Luxembourg. The report provides an overview of the size, structure and importance of SMEs to the European economy and their contribution to growth and jobs, as emphasised in the Small […]

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Impact on Competition and Social Welfare of the Proposed ElecLink Interconnector Between Great Britain and France

Sector:
Client:Ofgem and CRE
Published: November, 2013
Document type:Report

Ofgem and CRE commissioned London Economics to review and assess the modelling, assumptions and estimated impacts on the electricity market and electricity users of a interconnector between France and Great Britain proposed by ElecLink. The summary of the report can be downloaded in English above and in French at http://www.cre.fr/documents/consultations-publiques.

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Impacts of Second Level Domain Registration (SLDR) in the .uk Domain Space

Sector:Competition, Regulation and Business.
Client:Nominet
Published: November, 2013
Document type:Report

London Economics advised Nominet, the UK domain name registry, on the potential direct and indirect impacts of introducing of second-level (“.uk”) domain name registration in the UK. We advised Nominet on impacts as the form of their proposal changed in response to inputs from stakeholders. We used existing data and evidence sources to qualitatively describe […]

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The Cost of Non-Europe: the Untapped Potential of the European Single Market

Sector:
Client:European Commission – Bureau of European Policy Advisors (BEPA)
Published: October, 2013
Document type:Report

While the growth-creating potential of the Single Market has long been recognised, evidence on the remaining untapped potential of the Single Market (where such potential lies, how much additional growth it could deliver, and which policy measures would help unlock it) was largely missing. London Economics, in association with PwC, were commissioned by the European […]

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Implications of the European Commission’s Proposal for a General Data Protection Regulation for Business

Sector:Competition, Regulation and Business.
Client:N/A
Published: October, 2013
Document type:Presentation

Uncertainty about the final shape of the new EU Data Protection Regulation does not mask one fact – they will change how every organisation has to deal with personal information and the cost base and risk factors involved. Whether through the impact of new consent requirements or the need to employ a Data Protection Officer, […]

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Google Lunar XPRIZE Market Study 2013: Media Summary

Sector:Aerospace.
Client:XPRIZE Foundation
Published: October, 2013
Document type:Report

A recent Market Study completed by London Economics on behalf of the XPRIZE Foundation estimates the value of the overall commercial market opportunities addressable by Google Lunar XPRIZE teams to be between US$1.1-2.7 billion in the 10 years directly following the competition (and US$ 3.1-9.7 billion over the 25 year longer term) in a newly […]

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Barriers to Cross-border Health Care: Can Behavioural Insights Help?

Sector:Behavioural.
Client:N/A
Published: September, 2013
Document type:Presentation

Presentation at European Commission conference on Applying Behavioural Insights to Policy-Making 30th September 2013.

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European Planetary Science Congress (EPSC) – Press Release: Preliminary Findings of Google Lunar XPRIZE Market Study 2013

Sector:Aerospace.
Client:XPRIZE Foundation
Published: September, 2013
Document type:

Greg Sadlier, an Associate Director at London Economics has just completed a study the value of commercial market opportunities that could be served by teams competing in the Google Lunar XPRIZE.

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Partitioned Pricing Research: A Behavioural Experiment

Sector:Public Policy.
Client:N/A
Published: August, 2013
Document type:Report

London Economics was commissioned by the Office of Fair Trading to undertake a behavioural economics study into how partitioned pricing, which is the practice of splitting the price of a good or service into multiple components, affects consumer decision making. The study builds upon earlier research by London Economics for the OFT on the impact […]

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The Economic and Social Benefits Associated with Further Education and Skills: Learning for Those Not in Employment

Sector:Education.
Client:Department for Business, Innovation and Skills
Published: August, 2013
Document type:Report

The study provides a detailed analysis of the benefits associated with Further Education and Skills for learners not in employment. The findings in this report are based on a telephone survey of 1,955 learners not in employment who received or completed their learning in 2011/12. In addition to focusing on the wider benefits associated with learning and […]

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A European Single Point of Contact

Sector:Public Policy.
Client:European Parliament
Published: July, 2013
Document type:Report

This research study for the European Parliament discusses the features and value added of a European single point of contact. The large number of European level online services combined with an extensive range of services at national level generates complexity in identification of the most appropriate services, and in understanding their different competencies. Such complexity […]

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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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The Value of Lost Load (VoLL) for Electricity in Great Britain

Sector:Public Policy.
Client:N/A
Published: July, 2013
Document type:Report

As part of the documents for the Consultation on the draft Electricity Market Reform Delivery, the Department of Energy and Climate Change has published the report prepared by London Economics which estimates the value of lost load (VoLL) for domestic, small and medium sized businesses and industrial and commercial electricity consumers in Great Britain. VoLL […]

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Study on the Impact of Directive 2007/64/EC on Payment Services in the Internal Market and on the Application of Regulation (EC) No. 924/2009 on Cross-border Payments in the Community

Sector:Finance.
Client:N/A
Published: July, 2013
Document type:Report

The study, undertaken with iff and PaySys, examines the effects of Directive 2007/64/EC on payment services in the internal market (PSD) and Regulation (EC) No 924/2009 on fees and charges for cross-border payments (Regulation 924) and identifies a number of potential amendments to current version of the PSD.  The report is based on four different […]

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Levelling the Playing Field in the Single Market

Sector:Public Policy.
Client:European Parliament
Published: June, 2013
Document type:Report

The study for the European Parliament shows that the size of the shadow economy in the EU in 2012 is estimated at approximately EUR 2.35 trillion. The shadow economy represents a threat to the Single Market, leads to substantial budgetary difficulties, puts considerable pressure on legitimate businesses, and in long run, limits the potential growth […]

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A Critical Path to Securing the Future of Higher Education in England

Sector:Education.
Client:N/A
Published: June, 2013
Document type:Report

Following the significant changes to higher education fees and funding arrangements, the IPPR commissioned London Economics to undertake a range of modelling to assess the resource flows occurring between the Exchequer, Higher Education Institutions and students/graduates. Ensuring fiscal neutrality to the Exchequer at all times, the modelling demonstrates the outcomes associated with a reduction in […]

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Implications of the European Commission’s Proposal for a General Data Protection Regulation for Business

Sector:Competition, Regulation and Business.
Client:Information Commissioner’s Office
Published: May, 2013
Document type:Report

London Economics undertook a review of the costs and benefits of proposed European data protection policies for UK businesses. The study developed a framework for assessing costs and benefits of the proposed measures, reviewed existing evidence and used a survey of data protection professionals in the UK to quantify the expected impact of the proposals. […]

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Energy Retail Markets Comparability Study

Sector:Public Policy.
Client:Department of Energy and Climate Change
Published: May, 2013
Document type:Report

The report assesses the trends and position of the UK electricity and gas retail markets relative to comparable jurisdictions in terms of prices, competition and profitability. The study draws on several decades of publicly available data. The main comparator groups are the EU 15 and a selected OECD grouping based on comparability.

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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 Outcomes Associated with the BTEC Route of Degree Level Acquisition

Sector:Education.
Client:N/A
Published: May, 2013
Document type:Report

London Economics’ were commissioned by Pearson to undertake research on role of BTECs in offering pathways into higher education. The analysis was based on Labour Force Survey data over 16 years and assessed the outcomes in university achieved by learners with BTEC qualifications, as well as the outcomes of these learners in the labour market […]

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Higher Education Funding in England: Do the Alternatives Add Up?

Sector:Education.
Client:N/A
Published: May, 2013
Document type:Report

Amid questions about the sustainability of the Coalition Government’s reforms to higher education funding in England, a new report from the university think-tank million+ and London Economics, Higher education funding in England: do the alternatives add up? reviews the costs and benefits of two alternative funding proposals that have been put forward. The first alternative […]

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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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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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The Impact of a Financial Transaction Tax on Corporate and Sovereign Debt

Sector:Finance.
Client:N/A
Published: April, 2013
Document type:Report

Commissioned on behalf of the International Regulatory Strategy Group and authored by London Economics, this paper examines the impact of the European Commission’s proposed financial transaction tax (FTT) on corporate and sovereign debt markets. The research quantifies the additional cost the FTT is likely to impose on corporates and sovereigns using debt security markets to […]

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The Impact of the EU Financial Transactions Tax on the Real Economy – Analysis of the Impact on Corporate and Sovereign Bonds

Sector:Finance.
Client:N/A
Published: April, 2013
Document type:Staff publication

This Financial services and capital markets briefs highlights the significance of the proposed EU financial transactions tax (FTT) to the real economy. The FTT rates are small – 0.1% on equities and bonds and 0.01% on derivatives. However, the associated total tax burden may be significant through a number‐of‐transactions effect (as securities are traded frequently) […]

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Are the Changes to Higher Education Funding in England Cost-effective? – Report

Sector:Education.
Client:N/A
Published: February, 2013
Document type:Report

In association with million+, London Economics published the second Behind the Headlines report today identifying the expected economic costs and benefits associated with the changes to higher education fees and funding that took place in 2012/13. Alongside the full report, a summary of the document is also available.

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Are the Changes to Higher Education Funding in England Cost-effective? – Press Release

Sector:Education.
Client:N/A
Published: February, 2013
Document type:

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A Disaggregated Analysis of the Long Run Impact of Vocational Qualifications

Sector:Education.
Client:N/A
Published: February, 2013
Document type:Report

London Economics were commissioned by the Department for Business Innovation and Skills to undertake an assessment of the long term effect of vocational education and training on labour market outcomes. We combined information from the Individual Learner Record (ILR) between 2002/03 and 2005/06 on learner attainment, detailed earnings information (between 2003/04 and 2009/10) and employment […]

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The Economic and Societal Benefits of Deriving from the Presence of Hyundai and Kia in Europe

Sector:Public Policy.
Client:N/A
Published: February, 2013
Document type:Report

The study highlights the contribution of Hyundai and Kia, two of the most successful car manufacturers operating in Europe, in a number of dimensions, namely: the contribution to employment and GDP; training and development of the labour force; the contribution to European R&D and innovation; the contribution to the development of the automotive supply chain […]

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Secondary Analysis of 24 Waves of PIMS

Sector:Public Policy.
Client:UK Trade & Investment
Published: January, 2013
Document type:Report

London Economics performed a statistical and econometric analysis of data from 24 waves (6 years) of the UKTI Performance and Impact Monitoring Survey (PIMS). Probit models were fitted to explore the determinants of firm-level outcome measures including financial and qualitative benefits such as improved business performance and productivity. The analysis identified the quality of the […]

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What’s the Value of a UK Degree?

Sector:Education.
Client:N/A
Published: January, 2013
Document type:Report

In partnership with London Economics, University think-tank million+ publishes a new report “What’s the Value of a UK Degree?”. The report brings together information assessing the rates of return for the Treasury, taxpayers and individuals arising from investment in higher education.

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The Impact of Further Education Learning

Sector:Education.
Client:N/A
Published: January, 2013
Document type:Report

Based on a survey of 4,000 learners, London Economics assessed both the economic and wider benefits of learning associated with vocational education and training. The report also assessed a number of issues relating to deadweight loss and learners’ perceptions of loans in Further Education.

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Research on EU Product Labelling

Sector:Public Policy.
Client:N/A
Published: December, 2012
Document type:Report

This study by London Economics, Ipsos MORI and AEA investigated the possibility of creating a product label which provides consumers with information about the environmental lifecycle performance of products (televisions, washing machines and light bulbs). The information may be added to the current EU Energy Efficiency label. Pan-European behavioural experiments  were used in conjunction with […]

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An Exploratory Evaluation of the Next Step Service

Sector:Education.
Client:N/A
Published: November, 2012
Document type:Report

The Next Step service is a nationally branded careers and skills advice service that is available free to adults in England aged 19 and over irrespective of their prior skills, qualifications and employment status. Since April 2012, Next Step has been rebranded as the National Careers Service. We merged Next Step administrative data with information […]

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Analysis of Developments in the Fields of Direct Investment and M&A – 2012 Report Part I: Recent Developments

Sector:Finance.
Client:N/A
Published: November, 2012
Document type:Report

The study examines recent trends in FDI and capital movements. Overall, the recovery in world-wide FDI witnessed in 2010 continued in 2011, after the sharp decline in the period 2007-09. In 2011, the level of worldwide inward FDI reached €1.1 trillion, increasing by 10.9% from its level in 2010. However, the 2011 level is still […]

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Evaluation of the Impact and Cost Effectiveness of UKTI’s Regional Network Support

Sector:Public Policy.
Client:UK Trade & Investment
Published: October, 2012
Document type:Report

The study examined the impact and efficiency of the delivery of the services provided by UKTI’s regional network. The export support activities of UKTI’s regional teams are delivered by International Trade Advisers (ITAs) under contract, with different set ups being used across the nine English regions. The study explores the drivers of ITAs’ performance by […]

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Economic Impact Assessments of Proposals for Computer Trading

Sector:Finance.
Client:N/A
Published: September, 2012
Document type:Report

The report provides an evidence-based analysis of a number of proposals targeted at computer trading within financial markets, with some of these measures having been included in the European Commission’s proposal for a revised Directive on markets in financial instruments (MiFID II). These measures include: increasing tick sizes and introducing control by regulators of algorithms, […]

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Socio-economic Impacts – Evaluation of Norwegian Space Programs (with PwC)

Sector:Aerospace.
Client:Ministry of Trade and Industry (Norway)
Published:5 July, 2012
Document type:Report

An independent socio-economic impact assessment of Norway’s participation in the European Space Agency (ESA) and National Support Funds. Cost-Benefit Analysis (CBA) was employed based on EC impact assessment guidelines, established economic principles and international best practice (e.g. UK government HM Treasury’s Green Book). Quantified additive benefits comprise wages/salaries (income tax, value added tax, retailer sales […]

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Evaluation of the Fiscal Stimulus Initiative

Sector:Public Policy.
Client:UK Trade & Investment
Published: March, 2012
Document type:Report

UKTI’s Fiscal Stimulus Initiative was a programme aimed at facilitating access to opportunities created by fiscal stimulus measures around the world in the wake of the global financial crisis of 2008/09. The project evaluated the performance of the programme and the effectiveness of the chosen implementation through consultations with UKTI specialists in the UK and […]

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Potential Impacts of Stamp Price Increases: Consumer Research

Sector:Public Policy.
Client:N/A
Published: February, 2012
Document type:Report

Consumer Focus has published the report by London Economics “Potential impacts of stamp price increases: Consumer research”. The study examines how consumers might react to stamp price increases in the context of potential rises following Ofcom’s Royal Mail price control, using an online choice experiment methodology. In particular, we analyse the extent to which consumers […]

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The Impact of State Guarantees on Banks’ Debt Issuing Costs, Lending and Funding Policy

Sector:Finance.
Client:N/A
Published: February, 2012
Document type:Report

This study investigates the effectiveness of state guarantee schemes and ad hoc guarantees given to banks over 2008-10. The study analyses the market value of state guarantees as reflected in the costs banks faced in raising funds on wholesale financial markets and whether state guarantees influenced the funding and (ultimately) lending behaviour of banks. The […]

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Funding Debt Advice in the UK – A Proposed Model

Sector:Finance.
Client:N/A
Published: January, 2012
Document type:Report

The Money Advice Service (MAS) commissioned London Economics to examine how the costs of debt advice work undertaken by MAS could be allocated across a spectrum of creditors, whilst also considering the allocation of the debt advice costs within the current FSA fee blocks. The study concludes that Bank of England data on lending to […]

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The Impact of Competition Interventions on Compliance and Deterrence

Sector:Competition, Regulation and Business.
Client:Office of Fair Trading
Published: December, 2011
Document type:Report

The research, which consisted of a survey of more than 500 large companies and 300 SMEs, as well as a small survey of specialist competition advisers in legal firms, estimates that for each abuse of dominance case, 12 potential infringements are deterred; for each cartel case, 28 potential infringements are deterred and for each commercial […]

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Impacts of DLA on Working Age People in Wales

Sector:Public Policy.
Client:Welsh Assembly Government
Published: November, 2011
Document type:Report

The UK Government is currently in the process of introducing reforms to Disability Living Allowance (DLA). DLA will be replaced by a similar benefit called Personal Independence Payment (PIP). This study for the Welsh Government aims to assess the potential impacts of the change as they relate to working age adults in Wales. It first […]

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Impacts of AA and DLA on Older People in Wales

Sector:Public Policy.
Client:Welsh Assembly Government
Published: November, 2011
Document type:Report

This study draws on official data sources and on stakeholder consultations to review the current take‐up and use of income from two disability related benefits – Attendance Allowance (AA) and Disability Living Allowance (DLA) – and explores links with the demand for social care.  The research then uses this information to develop projections of the […]

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The Fiscal Impact of the Jackson Proposals: the Case of Employers’ Liability

Sector:Public Policy.
Client:Thompson Solicitors
Published: November, 2011
Document type:Report

The report estimates the fiscal impact of the Jackson Proposals for the reform of personal injury litigation funding arrangements on revenues and expenditures of government and public bodies. Based on survey data collected during Lord Justice Jackson’s investigation, we estimate the effect of the proposed measures on the volume of cases and the success fees […]

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Estimating the Value of Lost Load (VoLL)

Sector:Public Policy.
Client:N/A
Published: November, 2011
Document type:Report

This report for Ofgem estimates the Value of Lost Load (VoLL) for domestic and SME, industrial and commercial (I&C), and electricity producing gas consumers. VoLL represents the value that gas users attribute to security of gas supply and the estimates could be used to provide a price signal about the adequate level of security of […]

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McDonald’s Economic Footprint in Europe

Sector:Public Policy.
Client:N/A
Published: November, 2011
Document type:Report

This report examines McDonald’s economic footprint in Europe in terms of contribution to GDP growth, raw material sourcing, job creation and business opportunities via its franchising model. The analysis shows that McDonald’s continued to grow throughout the recession of 2007-09 and its growth has consistently exceeded EU GDP growth as well as the growth of […]

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Analysis of Developments in the Fields of Direct Investment and M&A (mergers and Acquisitions) – Part II

Sector:Finance.
Client:N/A
Published: November, 2011
Document type:Report

This report consists of three papers providing analyses of topics relevant to foreign direct investment: bilateral investment treaties, a financial transactions tax and investment screening mechanisms. Bilateral investment treaties An empirical analysis of the influence bilateral investment treaties (BITs) on the pattern of FDI flows in the EU was carried out. A gravity model of […]

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Analysis of Developments in the Fields of Direct Investment and M&A (mergers and Acquisitions) – Part I

Sector:Finance.
Client:N/A
Published: November, 2011
Document type:Report

This report provides a comprehensive analysis of developments in the fields of direct investment and M&A in 2010-11. This includes a descriptive analysis of inward and outward FDI stocks and flows (including FDI resulting from M&A activity) within the EU and between the EU and third countries, by sector, type of FDI, etc. Major factors […]

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Economic Benefits of an Internet Domain for Wales

Sector:Competition, Regulation and Business.
Client:Nominet
Published: November, 2011
Document type:Report

The report forms part of a 2-part study focused on the potential economic benefits that would arise from the introduction of sub-national, geographically specific top-level domains (“geo-TLDs”) in London and Wales. The study explores the transmission channels for possible economic costs and benefits based on a review of current research, a consultation with industry associations, […]

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Evaluation of Commercial Services Provided by UKTI Overseas Posts

Sector:Public Policy.
Client:Hong Kong Communications Authority
Published: October, 2011
Document type:Report

The study investigates 1) the scope for increased cost recovery from the services in support of UK-based exporters offered by UKTI’s overseas posts and 2) the structure of the market for these services, including the existence of synergies between UKTI’s overseas posts and other providers of services to UK exporters, such as consultants, business associations, […]

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Review of Company Surveys of Consumer Willingness to Pay to Reduce the Impacts of Transmission Infrastructure on Visual Amenity

Sector:Public Policy.
Client:N/A
Published: October, 2011
Document type:Report

In the context of potential measures to reduce the visual amenity impacts of existing transmission infrastructure, this London Economics study for Ofgem provides a critical review of willingness to pay evidence provided to Ofgem by the transmission operators. The first step of the review involved determining a current best practice model for WTP studies assessing […]

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Experimental Study on Non-geographic Calls

Sector:Competition, Regulation and Business.
Client:Ofcom
Published: September, 2011
Document type:Report

Ofcom has published the report by London Economics Experimental work on potential interventions in relation to non-geographic calls. The study uses economic experiments to investigate call price transparency for non-geographic phone numbers such as Directory Enquiries and customer support lines, and tests alternative regulatory interventions to improve price transparency to help consumers make more informed […]

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Estimating the Returns to Intermediate and Low Level Vocational Qualifications

Sector:Education.
Client:N/A
Published: September, 2011
Document type:Report

London Economics were commissioned by the Department for Business Innovation and Skills to undertake an econometric analysis of the earnings and employment returns to intermediate and low level vocational qualifications. The analysis involved the analysis of information from the Labour Force Survey between 1996 and 2009. The focus of the analysis was on the assessment […]

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The Economics of Cartels: Incentives, Sanctions, Stability, and Effects

Sector:Competition, Regulation and Business.
Client:N/A
Published: July, 2011
Document type:Presentation | Staff publication

Damgaard, M.T., Ramada, P., Conlon, G. and Godel, M. Journal of European Competition Law & Practice, doi: 10.1093/jeclap/lpr041

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Dynamic Modelling of Transmission Systems: Costs of Seasonal-zonal Transmission Loss Factor Charging and the Impact of Large-scale Offshore Wind

Sector:Competition, Regulation and Business.
Client:LE Presentation
Published: June, 2011
Document type:Presentation

2nd forum on Economics of Marine Renewable Energy, HMRC UCC, June 2011.

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Quality of Services and Consumers’ Needs: Recent Evidence from France

Sector:Public Policy.
Client:LE Presentation
Published: June, 2011
Document type:Presentation

19th CPDE, CRRI, Jersey, June 2011.

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An Assessment of the Economic Returns Associated with Higher Education Qualifications

Sector:Education.
Client:N/A
Published: June, 2011
Document type:Report

London Economics were commissioned by the Department for Business Innovation and Skills to undertake an econometric analysis of the returns to higher education qualifications. The analysis involved the forensic replication of some previous research in the area using information from the Labour Force Survey. The focus of the analysis was on the assessment of the […]

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Estimating the Value of Educational Exports for the UK

Sector:Education.
Client:N/A
Published: June, 2011
Document type:Report

London Economics were commissioned by the Department for Business Innovation and Skills to undertake a detailed assessment of the value of educational exports to the United Kingdom economy. The analysis consisted of an assessment of the value of higher education tuition fee and non tuition fee expenditure along with the value of research grants and […]

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A Feasibility Study Estimating the Value of Educational Imports from the UK

Sector:Education.
Client:N/A
Published: June, 2011
Document type:Report

London Economics were commissioned by the Department for Business Innovation and Skills to undertake a detailed assessment of the value of educational imports from the United Kingdom economy. Where possible, the analysis consisted of an assessment of the value of higher education tuition fee and non tuition fee expenditure along with the value of research […]

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Study on Consumers’ Postal Practices and Socio-economic Needs in Terms of the Quality and Provision of the Priority Postal Service

Sector:Public Policy.
Client:N/A
Published: June, 2011
Document type:Report

The study focuses on the postal practices and needs of households and businesses, especially SMEs. The first part of the study examines the extent to which the postal service is important to users, the users’ knowledge of postal products, their current postal practices, their sensitivity to the time it takes for a postal product to […]

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An Assessment of the Long Run Economic Returns Associated Education and Training Using DWP/ILR and HMRC Data

Sector:Education.
Client:N/A
Published: June, 2011
Document type:Report

An assessment of the long run economic returns associated education and training using DWP/ILR and HMRC data

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Digital Radio Switchover: Willingness to Pay and Consumer Behaviour Research

Sector:Public Policy.
Client:N/A
Published: April, 2011
Document type:Report

The Department for Culture, Media and Sport has published the report Digital Radio Switchover: Willingness to Pay and Consumer Behaviour Research by London Economics in association with YouGov. The study assesses consumers’ willingness to pay for the various attributes of digital radio through a choice experiment, and examines consumers’ attitudes towards radio and the costs […]

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Review of Respite Care in Wales

Sector:Public Policy.
Client:Welsh Assembly Government
Published: March, 2011
Document type:Report

This review for the Welsh Assembly Government presents data on the volume and spend on publicly funded respite care services in Wales for both adults and children/young people, reports on consultations with carers, and makes a number of policy recommendations to the Welsh Assembly Government. The recommendations form the basis of a public consultation by […]

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Study on the Costs and Benefits of Different Policy Options for Mortgage Credit

Sector:Finance.
Client:N/A
Published: March, 2011
Document type:Report

The costs and benefits of potential changes in the following four mortgage policy areas are considered in the study, which was published by the European Commission on 31 March 2011: pre-contractual information, the definition of the annual percentage rate of charge, early repayment and responsible lending and borrowing. The approach to assessing the costs and […]

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The Contribution of Insurance Brokers to the UK Economy

Sector:Finance.
Client:N/A
Published: March, 2011
Document type:Report

The market for insurance products, like many other markets, is characterised by imperfect information by each party to the transaction, significant search costs to find the “best” deal, and asymmetric bargaining power. The report shows that insurance brokers play a key role in the marketplace by identifying the risks faced by clients, reducing insurance distribution […]

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Competition-promoting Consumer Behaviour

Sector:Public Policy.
Client:N/A
Published: March, 2011
Document type:Report

The Danish Competition and Consumer Authority (DCCA) has published two reports analysing the interactions between consumer behaviour and competition in retail markets; one of which was written by London Economics. The study undertaken by London Economics analyses consumer behaviour during the purchasing processes and is based on a survey of 6,000 Danish consumers. The study […]

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Measuring Consumer Detriment from Postal Quality-Price Misperceptions in France

Sector:Public Policy.
Client:LE Presentation
Published: February, 2011
Document type:Presentation

CCRP workshop, Aston University, Birmingham, February 2011.

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Consumer Contracts

Sector:Public Policy.
Client:N/A
Published: February, 2011
Document type:Report

The OFT has published the market study on problems consumers have with contracts. To inform the market study London Economics in association with YouGov completed a behavioural survey of consumers combined with an economic experiment to investigate the features of contracts that cause most problems for consumers.

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The Functioning of Retail Electricity Markets in the European Union

Sector:Public Policy.
Client:EC DG SANCO
Published: November, 2010
Document type:Report

London Economics, in cooperation with Ipsos, IBF Consulting and CRIOC, were commissioned by the EC DG Health and Consumers (SANCO) to examine the functioning of retail electricity markets in the European Union. Based on consumer surveys, stakeholder surveys and mystery shopping exercises carried out in the 27 Member States, the study shows that, although consumers […]

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Fostering Allowances and a Fees Framework for Foster Carers in Wales

Sector:Public Policy.
Client:Welsh Assembly Government
Published: October, 2010
Document type:Report

This research, by LE Wales and the Hadley Centre for Adoption and Foster Care Studies, was commissioned by the Welsh Assembly Government. The aim of the research was to provide a more defined methodology to estimate the costs to foster parents of bringing up a fostered child to be used as a basis for setting […]

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Small Business Cost of Capital

Sector:Competition, Regulation and Business.
Client:Association of Independent Gas Transporters
Published: October, 2010
Document type:Report

This report estimates the cost of capital for small independent gas transport (IGT)companies. The report was submitted to Ofgem as part of their consultation on the cost of capital for the legacy IGT sector in the UK as part of their normal 5-year review. London Economics has estimated the weighted-average cost of capital (WACC) for […]

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Returns to BTEC Vocational Qualifications

Sector:Education.
Client:N/A
Published: October, 2010
Document type:Report

London Economics were commissioned by Pearson to undertake a detailed analysis of the earnings and employment effects associated with BTEC Qualifications. The analysis made use of information from 56 merged Labour Force Survey data sets to allow for an analysis of the marginal earnings and employment returns associated with these qualifications. The analysis also combined information […]

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Understanding the Impact of MiFID in the Context of National and Global Regulatory Innovations

Sector:Finance.
Client:N/A
Published: October, 2010
Document type:Report

Since its EU-wide implementation in November 2007, MiFID has significantly modified the environment and structure of secondary market equity trading in Europe. For this research, London Economics conducted empirical analysis and stakeholder interviews to clarify whether as a result of MiFID: the expected benefits on the integration of EU financial markets have materialised; whether national […]

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A Graduate Tax: Would It Work?

Sector:Education.
Client:N/A
Published: September, 2010
Document type:Report

London Economics were commissioned by million+ to consider the options surrounding a graduate tax as an alternative to the current system of fees and loans available to students. The analysis illustrated that a 1% graduate levy on earnings in excess of £15,000 achieved a cost-neutral impact for students/graduates, institutions and the Exchequer compared to current […]

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Consumer Switching Experimental Economics Research

Sector:Public Policy.
Client:N/A
Published: September, 2010
Document type:Report

This study completed for Ofcom reports the results of an economic experiment that investigates different features of switching processes for consumers in the market for communication services. The economic experiment tests the impact of two main forms of switching process, Gaining Provider Led Processes (GPLPs) and Losing Provider Led Processes (LPLPs) on a set of […]

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Economic and Social Impact of Software and Software-based Services (SSBS)

Sector:Competition, Regulation and Business.
Client:EC DG Information Society
Published: August, 2010
Document type:Report

The study evaluates the potential economic and social impact of software-based services in the EU and identifies the drivers of growth and competitiveness of the sector, the current barriers limiting the sector’s development, the policy actions needed to remove those barriers, and the economic and social impact of such actions.  

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Study on the Economic Benefits of Privacy-enhancing Technologies (PETs)

Sector:Competition, Regulation and Business.
Client:EC DG Freedom, Security and Justice
Published: July, 2010
Document type:Report

This report for the European Commission’s DG Freedom, Security and Justice investigates the economic benefits of privacy-enhancing technologies (PETs) for data controllers, with a particular focus on SMEs. Based on consultations with data protection authorities in 12 Member States, as well as on a large-scale survey of businesses and a number of case studies detailing […]

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Evaluation of UK Trade & Investment’s Global Entrepreneur Programme

Sector:Public Policy.
Client:UK Trade & Investment
Published: July, 2010
Document type:Report

London Economics was commissioned by UKT Trade & Investment to evaluate its Global Entrepreneur Programme (GEP). The GEP is underpinned by the view that entrepreneurs look beyond national borders for the most attractive sources of capital, talent, guidance and access to markets. The key objectives of the programme include attracting entrepreneur led, early stage high […]

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Modelling Student Support Arrangements As Part of the Browne Review of Higher Education

Sector:Education.
Client:N/A
Published: June, 2010
Document type:Report

London Economics were commissioned by the Open University to undertake some detailed financial modeling of the fees and students support arrangements facing part-time students ahead of the Browne Review of higher education. The analysis illustrated the impact of a number of different fee assumptions and approaches to the funding of part time students to illustrate […]

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Study Analysing Possible Changes in the Minimum Rates and Structures of Excise Duties on Alcoholic Beverages

Sector:Public Policy.
Client:EC DG Taxation and Customs Union
Published: May, 2010
Document type:Report

This report for EC DG Taxation and Customs Union considers the arguments and evidence, for and against changes to the existing minimum duty rates for alcoholic beverages that apply across all EU Member States.  The overarching objective of the study is to examine whether the current structures of alcohol taxation and the minimum rates laid […]

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The Economic Evidence on the Barriers Faced by Lone Parents in Wales in Accessing Employment and Training

Sector:Public Policy.
Client:Welsh Assembly Government
Published: May, 2010
Document type:Report

This research for the Welsh Assembly Government aims to study the relative importance of the various choices and constraints faced by lone parents in Wales and to establish a comprehensive list of the barriers faced by lone parents who wish to access work or learning.  

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The Impact of Price Frames on Consumer Decision Making

Sector:Public Policy.
Client:N/A
Published: May, 2010
Document type:Report

London Economics was comissioned by the Office of Fair Trading to undertake a behavioural economics study into how different price frames may impact upon consumer behaviour. The study uses experimental economics to test if consumers incur behavioural biases under five common pricing practices used by firms, including drip pricing and “3 for 2” offers. The […]

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Economic Feasibility of Coupling Offshore with Large-scale Storage Hydro in Ireland – A Preliminary Investigation

Sector:Competition, Regulation and Business.
Client:LE Presentation
Published: April, 2010
Document type:Presentation

Economics of Ocean and Marine Energy Symposium, UCC, HMRC, April 21, 2010.

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UK Space Exploration Review Economic Analysis

Sector:Aerospace.
Client:LE Presentation
Published: April, 2010
Document type:Presentation

EC-ESA Workshop on Exploration and Innovation, Industrial Competitiveness and Technological Advance, Oxfordshire, UK, April 29-30, 2010

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Model of Estate Costs (MEC)

Sector:Education.
Client:N/A
Published: March, 2010
Document type:Report

London Economics were commissioned by AUDE (University Association of Directors of Estate) to update and restructure the previous model of the non-residential estate costs. The new model, the Model of Estate Costs (MEC) allows the estimation of annualised financial costs for different types of freehold, leasehold and licence non-residential estate (teaching, research, etc) and of […]

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An Independent Review of the Evidence Base for UKTI’s Support for Firms in High Growth Markets

Sector:Public Policy.
Client:UK Trade & Investment
Published: February, 2010
Document type:Report

A study undertaken to review the rationale for supporting UK firms into high growth markets, incorporating an impact evaluation of UKTI’s pilot High Growth Market Programme.

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Evaluation of the Impact of the HM Prison Service Enhanced Thinking Skills Programme on Reoffending Outcomes of the Surveying Prisoner Crime Reduction (SPCR) Sample

Sector:Public Policy.
Client:Ministry of Justice (UK)
Published: 2010
Document type:Report

London Economics undertook an evaluation of the impact of a cognitive-behavioural offending behaviour programme (Enhanced Thinking Skills, or ETS) on the reconviction outcomes of treated prisoners. By combining new data collected as part of the SPCR survey and existing management information for the first time, the causal treatment effect (average treatment effect on the treated, […]

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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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Statistical Investigation of Needs Proxies

Sector:Public Policy.
Client:Independent Commission on Funding and Finance for Wales
Published: 2010
Document type:Report

This research was undertaken for the Independent Commission on Funding and Finance for Wales (the ‘Holtham Commission’). Using the funding allocation mechanisms for health, local government and schools in England, the research shows that it is possible to replicate these funding outcomes with a high degree of accuracy by using much simpler needs-based formulae. The […]

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An Economic Study on Patent Backlogs and a System of Mutual Recognition

Sector:Competition, Regulation and Business.
Client:LE Presentation
Published: January, 2010
Document type:Presentation

IPO conference, London, March 10, 2010.

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Estimating the Price Elasticity of Demand for School Meals

Sector:Education.
Client:N/A
Published: 2010
Document type:Report

London Economics were commissioned by the School Food Trust to undertake an analysis of the relationship between the price charged for school meals and take up. The analysis involved an assessment of the academic literature relating to the elasticity of demand for food and food product with respect to price and income; an analysis of […]

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Study on Consumer Detriment in the Area of Dynamic Packages

Sector:Public Policy.
Client:EC DG SANCO
Published: November, 2009
Document type:Report

In a report published by EC DG Health and Consumers, London Economics has estimated consumer detriment in EU-27 in the area of ‘dynamic travel packages’. A ‘dynamic package’ is a holiday package where different tourist services (flights, car rental, accommodation, excursions etc.) are put together at the same time to fit the specifications of a […]

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Why PETs? Stakeholder Views and Economic Considerations

Sector:Competition, Regulation and Business.
Client:LE Presentation
Published: November, 2009
Document type:Presentation

European Commission, Brussels, November 12, 2009

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Evaluation of a Sample of OFT’s Consumer Enforcement Cases

Sector:Public Policy.
Client:Office of Fair Trading
Published: October, 2009
Document type:Report

This study for the Office of Fair Trading reviews the effectiveness of six past consumer protection interventions by the OFT. The project carried out six case studies and in each case it identified the sources of consumer detriment and evaluated the reduction in consumer detriment attributable to the interventions of the OFT. The six cases […]

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The Importance of Wholesale Financial Services to the EU Economy 2009

Sector:Finance.
Client:N/A
Published: September, 2009
Document type:

This report investigates the role, structure and importance of wholesale financial services in the European Union. The specific topic for this year’s report is the EU’s wholesale finance market and its various competitors under a range of differing scenarios, such as changing demographics, the rise of Asia and emerging market economies, the impact of regulation […]

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The Evolution of the High-volume Retail Sector in Europe over the Past 5 Years

Sector:Public Policy.
Client:EESC Consultative Commission on Industrial Change
Published: July, 2009
Document type:

This study aims to provide a complete and detailed insight of the evolution of high-volume retailers (HVR) in the food and clothing sectors in different EU Member States. The main conclusions from the analysis are the following. The number of HVR (firms with more than 5% market share) in the food sector is around 5 […]

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Analysis of the Impact of Raising Private Fee Contributions on Participation in Further Education

Sector:Education.
Client:N/A
Published: July, 2009
Document type:Report

London Economics were commissioned by the Department for Business, Innovation and Skills to undertake a detailed econometric analysis of the impact of raising private fee contributions on participation in Further Education. The analysis was based on the survey of all Further Education Colleges in England, as well as a detailed analysis of the Individual Learner […]

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An Exploratory Study into the Effect of a Change in Business Ownership on Employment and Wages

Sector:Finance.
Client:N/A
Published: June, 2009
Document type:Report

The main aim of this exploratory study is to draw together economic evidence relating to the effect of a change in business ownership upon a range of firm outcomes; with particular focus on employment and wage impacts. The study presents data on changes in business ownership for Wales in comparison to nine other European regions […]

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Estimating the Economic Benefits of Healthy Eating

Sector:Education.
Client:N/A
Published: June, 2009
Document type:Report

The School Food Trust commissioned London Economics to undertake an econometric analysis of the lifetime earnings associated with different levels and types of qualification attainment in the United Kingdom. This study made use of the National Pupil Database as well as the Labour Force Survey to assess the impact of healthy eating in schools at […]

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Review of Non-residential Social Care Charges in Wales

Sector:Public Policy.
Client:Welsh Assembly Government
Published: May, 2009
Document type:Report

A report with accompanying baseline assessment, produced by LE Wales for the Welsh Assembly Government, which provides an analysis of local authority charging for non-residential social care services and of the policy options for introducing more consistency in such charging.  

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London Living Wage Benefits Study

Sector:Education.
Client:N/A
Published: May, 2009
Document type:Report

A growing number of organisations have committed to providing the pay and conditions of the London Living Wage to all staff, including contracted support staff. London Economics were appointed by the Greater London Authority (GLA) Economics to undertake an independent study of the social and economic benefits to organisations (both buyer and contractor) and employees […]

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Extended Schools: Establishing a Baseline Methodology to Estimate the Impact of the Extended School Programme on Attainment

Sector:Education.
Client:N/A
Published: January, 2009
Document type:Report

London Economics were commissioned by the Department for Children, Schools and Families to establish a methodology for the evaluation of the Extended School programme. The analysis involved a detailed analysis of the National Pupil Database and Annual Schools Census, alongside administrative information relating to the Extended Schools initiative from the Training and Development Agency for […]

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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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An Analysis of Teacher Mobility Within the European Union

Sector:Education.
Client:N/A
Published: December, 2008
Document type:Report

London Economics were commissioned by the European Parliament to undertake an analysis of teacher mobility within the European Union. The study undertakes a quantitative and qualitative analysis of teacher mobility across the European Union Member States where information exists. It explores the relative benefits, costs, strengths and weaknesses of the various mobility programmes. On the […]

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Economic Benefit of the Consultative Committee for Professional Management Organisations (CCPMO)

Sector:Education.
Client:N/A
Published: December, 2008
Document type:Report

The analysis involved an assessment of the current activities of the CCPMO member organisations, as well as estimating the economic benefit associated with obtaining professional qualifications and membership of professional organisations. The analysis illustrated that the lifetime premium associated with gaining professional qualifications and membership was in the region of £152,000 in today’s money terms. […]

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Evaluation of the CAP Policy on Protected Designations of Origin (PDO) and Protected Geographical Indications (PGI)

Sector:Public Policy.
Client:EC DG Agriculture
Published: November, 2008
Document type:Report

The study is based on two elements. A descriptive part provides a detailed analysis of the development of the Protected Designations of Origin (PDO) and Protected Geographical Indications (PGI) schemes over the course of the evaluation period, including the regulatory framework and the implementation mechanism underpinning the schemes. The second part of the project focuses […]

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Analysis of Developments in the Field of Direct Investment and M&A

Sector:Finance.
Client:N/A
Published: November, 2008
Document type:Report

This study examines first the developments in international capital flows, especially FDI, in 2007. Next, as a special topic, it undertakes an in-depth quantitative analysis of the difference in economic performance between domestically-owned and foreign-owned business in Europe. The performance indicators used in the analysis are turnover, employment and profitability in levels and over the […]

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An Evaluation of the Tradeshow Access Programme

Sector:Public Policy.
Client:UK Trade & Investment
Published: September, 2008
Document type:Report

The key objectives of the evaluation were to 1) clarify the economic rationale for government support for trade fairs, and use this to determine the appropriate intervention model for TAP;  2) assess how and whether TAP meets its programme targets, for different groups (i.e. sponsors and participants) and in different markets; 3) separately determine the […]

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Impact Evaluation of the Tradeshow Access Programme (TAP)

Sector:Public Policy.
Client:UK Trade & Investment
Published: September, 2008
Document type:Report

London Economics was commissioned in August 2007 to undertake an impact evaluation of the Tradeshow Access Programme (TAP). The evaluation research involved a firm survey, a stakeholder consultation and a detailed quantitative and econometric analysis of programme impact and additionality. These research strands were then used to formulate a benefit-cost analysis, identify an economic rationale […]

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Study on the Role and Regulation of Non-credit Institutions in EU Mortgage Markets

Sector:Finance.
Client:N/A
Published: September, 2008
Document type:Report

This study analyses non-credit institutions in EU Member State mortgage markets. The study identifies Member States where non-credit institutions are allowed to provide mortgage credit; provides information on the regulation and supervision of these undertakings; the funding techniques non-credit institutions are allowed to use; the size of the mortgage lending activities of non-credit institutions, both […]

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2008 SMG Model

Sector:Education.
Client:N/A
Published: August, 2008
Document type:

The Model, with updated parameters, allows HEIs to compute their own estimates of the sustainable and total estate provisions using either a range of default input values or their own institution-specific information and assumptions. The Model is accompanied by a User Guide. The cost model allows users to calculate both the cost of maintaining the […]

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The Importance of Wholesale Financial Services to the EU Economy 2008

Sector:Finance.
Client:N/A
Published: July, 2008
Document type:

This report investigates the role, structure and importance of wholesale financial services in the European Union. The specific topic for this year’s report is the EU’s wholesale finance market and its various competitors under a range of differing scenarios, such as changing demographics, the rise of Asia and emerging market economies, the impact of regulation […]

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Impact Assessment for Proposed Changes to UK Copyright Law

Sector:Competition, Regulation and Business.
Client:UK Intellectual Property Office
Published: June, 2008
Document type:Report

London Economics was commissioned by the UK Intellectual Property Office (UK-IPO) to provide an impact assessment of four different options for the revision of the current conditions for exemption from payment of music licensing fees for the public performance of musical work. The impact assessment sought to understand, and where possible quantify, the likely costs […]

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Analysis of the Regulatory Environment Facing the Owners of London Heathrow

Sector:Competition, Regulation and Business.
Client:London First
Published: June, 2008
Document type:Report

London Economics recently completed an analysis of the regulatory environment facing the owners of London Heathrow on behalf of London First. The report was launched by the Secretary of State for Transport – Ruth Kelly – on the 25th June 2008.

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Assessing Current and Potential Provision of Free School Meals

Sector:Education.
Client:N/A
Published: June, 2008
Document type:Report

London Economics were commissioned by the School Food Trust to undertake a forensic analysis of the number (and proportion) of school children in England eligible for Free School Meals (not just those registered). The research was based on information from the Labour Force Survey, General Household Survey and Family Resources Survey. The findings illustrated that […]

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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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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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Review of Data Relating to Those Eligible to Teach Mathematics or Science

Sector:Education.
Client:N/A
Published: May, 2008
Document type:Report

London Economics were commissioned by the Training and Development Agency for Schools to undertake an assessment of the centrally held Teacher Information Line data to better understand the supply of eligible teachers in maths and science. The work involves the detailed assessment of the TIL data alongside a primary analysis of the Labour Force Survey […]

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Economic Impacts of Increased Flexibility and Liberalisation in European Spectrum Management

Sector:Competition, Regulation and Business.
Client:A Group of European Telecom Companies
Published: April, 2008
Document type:Report

London Economics was commissioned by a group of European communications sector companies to carry out an independent review of the available evidence examining the costs and benefits of greater flexibility in the use of radio spectrum. This report sets out the findings of that review and is based on existing studies that examine the actual […]

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Interim Evaluation of Welsh Medium Teaching Schemes

Sector:Education.
Client:N/A
Published: April, 2008
Document type:Report

This interim evaluation was undertaken by LE Wales and Dateb for the Higher Education Funding Council for Wales (HEFCW). The main objective was to assess the extent to which the Postgraduate Scholarship Scheme and the Postdoctoral Teaching Fellowship Scheme had been successful to date and to identify any lessons about their operation that might be […]

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Study on the Impact of Co-operative Groups on the Competitiveness of Their Craft and Small Enterprise Members

Sector:Public Policy.
Client:N/A
Published: January, 2008
Document type:Report

London Economics were commissioned by EC DG Enterprise and Industry to undertake an in-depth study on the impact of co-operative groups on the competitiveness of their craft and small enterprise members. The analysis undertaken was based on extensive identification of both co-operatives and their members across the European Union; primary data collection of information on […]

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An Analysis of Higher Education Student Finance Regimes in the United Kingdom

Sector:Education.
Client:N/A
Published: November, 2007
Document type:Report

London Economics were commissioned by Million+ to undertake an analysis of higher education funding and student funding regimes ahead of the parliamentary review taking place in 2009. The analysis involved modelling the current student support arrangements in relation to HEFCE resource allocation and current student support arrangements (maintenance grants and loans and tuition fees and […]

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Determinants of Prices and Margins in the EU’s Major Electricity Markets

Sector:Competition, Regulation and Business.
Client:LE Presentation
Published: October, 2007
Document type:Presentation

European Global Energy Symposium, Lisbon, October 9, 2007.

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An Economic Impact Analysis for the Marylebone Cricket Club (MCC)

Sector:Public Policy.
Client:N/A
Published: September, 2007
Document type:Report

London Economics recently undertook an economic impact analysis for the Marylebone Cricket Club (MCC). This analysis assessed the impact of hosting major cricket matches at Lord’s on the local and London economies.

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Consolidation in Electricity Markets in CEE: The Case of Hungary

Sector:Competition, Regulation and Business.
Client:LE Presentation
Published: July, 2007
Document type:Presentation

Gas and Power in Central & Eastern Europe Conference, Vienna, July 5-6, 2007.

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Gaming in the EU – The Case for State Lotteries

Sector:Public Policy.
Client:LE Presentation
Published: May, 2007
Document type:Presentation

4th Congress of the European State Lottery and Toto Association, Budapest, May 21-24, 2007.

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Impact Assessment Relating to the Economic and Governance Evolution of Space in Europe

Sector:Aerospace.
Client:EC DG Enterprise and Industry
Published: April, 2007
Document type:Report

London Economics were one of the contributors to this RPA led study for the European Commission’s DG Enterprise & Industry. The research reviewed the market for space and space related services, including the development of a number of demand scenarios, and also reviewed the roles of the key public sector actors and undertook an analysis […]

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Review of Statistical Planning Issues Underlying Welsh Medium Initial Teacher Training

Sector:Education.
Client:N/A
Published: March, 2007
Document type:Report

LE Wales advised the Welsh Assembly Government on an approach to modelling the supply and demand of initial teacher training (ITT) places for Welsh medium teachers as a contribution to the Assembly Government’s work on ITT intake planning. We also advised on appropriate data sources and on a definition of what constitutes a Welsh medium […]

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Structure and Performance of Six European Wholesale Electricity Markets in 2003, 2004, and 2005

Sector:Competition, Regulation and Business.
Client:EC DG Competition
Published: February, 2007
Document type:Report

The report provides an in-depth assessment of the electricity wholesale markets in Belgium, Germany, Spain, France, the Netherlands and Great Britain with a view to determining how competitive markets were in 2003, 2004 and 2005. The report provides summary key results for traditional market structural indicators, electricity-specific measures of market structure and market outcome measures. […]

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Impact Assessment of Implementing the Globally Harmonised System of Classification and Labelling of Chemicals (GHS)

Sector:Public Policy.
Client:LE Economic Brief
Published: November, 2006
Document type:Report

This Economic Bried reports on an econometric assessment London Economics has carried out of the likely trade impacts of adoption of the Globally Harmonised System of Classification and Labelling of Chemicals (GHS).

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Investment and the Regulatory Framework

Sector:Competition, Regulation and Business.
Client:LE Presentation
Published: November, 2006
Document type:Presentation

IDATE Foundation Seminar “Reviewing the Review”, Montpellier, November 14, 2006

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Research into Payment Protection Insurance in the UK

Sector:Public Policy.
Client:Office of Fair Trading
Published: October, 2006
Document type:Report

The report reviews the relevant payment protection insurance market and analyses those characteristics of the market that may be limiting competition and giving rise to consumer detriment. The report also identifies a series of additional data that would be desirable to obtain to further the analysis of the sector.

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The Impact of the Regulatory Framework on Investment Across the EU

Sector:Competition, Regulation and Business.
Client:LE Presentation
Published: October, 2006
Document type:Presentation

Conference: Improving the Regulatory Framework for Electronic Communications: Challenges for the Next Decade organised by CBKE (Uniwersity of Wrocław), CIL (Hungarian Academy of Sciences), WIK, and under the auspices of the Polish regulator UKE, University of Wroclaw, October 18-20, 2006.

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The Case for State Lotteries

Sector:Public Policy.
Client:European Lotteries and Toto Association
Published: September, 2006
Document type:Report

The report provides a comprehensive overview of the gaming market in the EU25 and assesses the likely impact of full liberalisation of gaming activities on lotteries and good causes funded by lotteries. The report also reviews the wider socio-economic effects of gaming.

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Study on the Economic Impact of Auditors’ Liability Regimes

Sector:Finance.
Client:EC DG Internal Market and Services
Published: September, 2006
Document type:Report

This study focuses on the market for statutory audits of large companies in Europe. It reviews first the state of the international market for audit firms in the EU. Next, it examines the insurance market for statutory audits. It then examines the likely short-run and long-run effects of the possible disappearance of one or more of […]

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Evaluating the Cumulative Impact of Safety, Health and Environmental Regulation on the UK Industrial Coatings, Aerosols and Speciality Chemicals Sectors

Sector:Public Policy.
Client:Department for Business, Innovation and Skills
Published: August, 2006
Document type:Report

This report provides estimates of the cost of compliance with current safety, health and environmental regulations in excess of the minimum costs necessary to ensure current levels of protection, describes the perceived benefits of these regulations and sets out a number of proposals for reducing the cost of compliance with the current regulations while maintaining […]

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An Assessment of the Regulatory Framework for Electronic Communications – Growth and Investment in the EU E-Communications Sector

Sector:Competition, Regulation and Business.
Client:EC DG Information Society
Published: July, 2006
Document type:Report

The study 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).  Next, provides a comparative analysis of growth of the electronic communications sector in the EU and in other main geographical markets.  Finally, it […]

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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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Developments in Car Retailing and After-sales Markets Under Regulation 1400/2002

Sector:Competition, Regulation and Business.
Client:EC DG Competition
Published: June, 2006
Document type:Report

This report 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. The report focuses on the competition implications of the new […]

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The Costs of Welsh Medium Provision in Higher Education Institutions

Sector:Education.
Client:N/A
Published: June, 2006
Document type:Report

In 2005, London Economics were commissioned by the Higher Education Funding Council for Wales (HEFCW) to undertake a study to determine in detail the additional costs that can be associated with delivery of courses and modules through the medium of Welsh. Our final report was presented to a sector seminar in September 2006 and HEFCW […]

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Impact Assessment of Implementing GHS (Globally Harmonised System of Classification and Labelling of Chemicals) – Trade Effects

Sector:Public Policy.
Client:EC DG Enterprise and Industry
Published: May, 2006
Document type:Report

In July 2003, the Globally Harmonised System of Classification and Labelling of Chemicals (GHS) was formally adopted by the UN ECOSOC. Its aim is to bring together the major world classification and labelling (C&L) systems of chemicals (substances and preparations/mixtures) into a single new system. This part of the impact assessment provides empirical evidence on […]

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Impact of the Regulatory Framework on Investment Across Europe – an Update

Sector:Competition, Regulation and Business.
Client:LE Presentation
Published: May, 2006
Document type:Presentation

Münchner Kreis Conference – “The Effectiveness of Electronic Communications Sector Regulation in Europe”, Brussels, May 7, 2007.

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Making the Best Use of Resources

Sector:Education.
Client:LE Presentation
Published: May, 2006
Document type:Presentation

“Returns to various types of investment in education and training” in Brussels, Belgium. May 22-23, 2006.

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Study to Inform the Policy Review of the Aggregates Levy Sustainability Fund

Sector:Public Policy.
Client:Department for the Environment and Rural Affairs
Published: April, 2006
Document type:Report

This study undertaken assesses the costs and benefits of completed and current projects funded by the Aggregates Levy Sustainability Fund Programme during the period 2004 to 2007. It also aims to investigate whether continued funding after 2007 would provide value for money and, if so, what activities should be funded.

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Evaluation of the National Top-Up to the EU School Milk Subsidy in England

Sector:Education.
Client:N/A
Published: December, 2005
Document type:Report

The report addresses the relevance, effectiveness and efficiency of the scheme; assesses the rationale for the National Top-Up scheme, including its suitability as a policy instrument for the consumption of milk by children in England; examines the effectiveness of the scheme in achieving its intended outcomes, giving consideration to the level and pattern of take-up […]

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Study on the Returns to Various Types of Investment in Education and Training

Sector:Education.
Client:N/A
Published: December, 2005
Document type:Report

London Economics were commissioned to undertake a large-scale project for the EU Directorate General for Education, Arts and Culture on the rates of returns to the investment necessary to achieve the Lisbon educational targets using the European Labour Force Survey. The study computed the private and social costs of achieving the Lisbon targets for different […]

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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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The Costs and Benefits of Integration of EU Mortgage Markets

Sector:Finance.
Client:N/A
Published: August, 2005
Document type:Report

London Economics was commissioned by the European Commission – DG Internal Market and Services to study the costs and benefits of new initiatives that would lead to the full integration of markets for residential mortgages and home loans in the 25 EU Member States. The report estimates these costs and benefits and also assesses the […]

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Estimation of Consumers’ Willingness to Pay for Quality of Service in Post

Sector:Public Policy.
Client:N/A
Published: June, 2005
Document type:Presentation

13th Conference on Postal and Delivery Economics in Antwerp, Belgium. June 1-4, 2005.

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The Cost Of Space

Sector:Education.
Client:N/A
Published: March, 2005
Document type:Report

This report provides a methodology to calculate and benchmark the total cost of any higher education institution’s (HEI’s) non-residential estate in the UK.  

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Drivers of the Size of the HE Estate

Sector:Education.
Client:N/A
Published: March, 2005
Document type:Report

he report develops an estate size benchmarking tool that is based on a statistically estimated relationship between the size of the non-residential estate and a number of drivers such as income, location, characteristics of the estate and composition of the student body.

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A Review of the All-Island Financial Services Sector

Sector:Finance.
Client:N/A
Published: November, 2004
Document type:Report

This report for InterTradeIreland provides an analysis of the size, scale, employment and earnings of the sector in Northern Ireland, Ireland, and in the island as a whole. It also assesses the extent of cross-border trade in financial services and the significance of perceived barriers to cross-border trade. Finally, the report examines the options to […]

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Structure and Functioning of the Electricity Market in Belgium in a European Perspective

Sector:Competition, Regulation and Business.
Client:CREG
Published: October, 2004
Document type:Report

London Economics was commissioned by the General Council of the “Commission fédérale de Régulation de l’Electricité et du Gaz” (CREG) to analyse whether, and to what extent, the current federal regulation makes the markets for production, trading and supply of electricity competitive or potentially competitive and, if not, what remedies could be implemented. The report […]

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The Impact of Size-based Pricing on Mail Users

Sector:Competition, Regulation and Business.
Client:Postwatch
Published: July, 2004
Document type:Report

This report presents the results of London Economics’ study for Postwatch concerning the impact of the change to size based pricing (SBP) proposed by Royal Mail in August 2003. The proposal represents a major change to Royal Mail’s pricing structure and would affect most postal users to varying degrees. The proposed price changes vary greatly […]

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Ex-post Evaluation of the Impact of Rescue and Restructuring Aid on the International Competitiveness of the Sector(s) Affected by Such Aid

Sector:Competition, Regulation and Business.
Client:EC DG Enterprise and Industry
Published: June, 2004
Document type:Report

London Economics was commissioned by the European Commission – DG Enterprise to evaluate the impact of rescue and restructuring aid on the international competitiveness on the sectors affected by such aid. This ex-post evaluation focuses on the survival of companies having received rescue and/or restructuring State aid, the social and economic effects of such aid […]

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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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Empirical Analysis of Further Liberalisation in Norway

Sector:Competition, Regulation and Business.
Client:LE Presentation
Published: June, 2004
Document type:Presentation

12th Conference on Postal and Delivery Economics. Cork, Ireland. June 2-5, 2004.

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Assessing the Key Economic Drivers for Change in the Current Business Climate

Sector:Public Policy.
Client:LE Presentation
Published: June, 2004
Document type:Presentation

European Outsourcing Association’s Conference. Amsterdam, the Netherlands. June 9-10, 2004.

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Internet Use by Businesses in Old and New EU Member Countries

Sector:Competition, Regulation and Business.
Client:LE Presentation
Published: April, 2004
Document type:Presentation

TIGER Conference The New Economy and Post-Socialist Transition. Warsaw, April 10-11, 2004.

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Wealth Creation from Science, Engineering and Technology

Sector:Education.
Client:N/A
Published: March, 2004
Document type:Report

The Engineering and Technology Board commissioned London Economics to undertake a study of the contribution of Science, Engineering and Technology (SET) to the wealth and quality of life in the United Kingdom. We use two approaches in estimating the contribution of SET in the economy: the contribution of those sectors of the economy that employed […]

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Investigation of the Determinants of Farm-retail Price Spreads

Sector:Public Policy.
Client:Department for the Environment and Rural Affairs
Published: February, 2004
Document type:Report

London Economics was commissioned by the Department for Environment, Food and Rural Affairs (Defra) to undertake an econometric analysis of the factors that have affected the spreads between farm gate prices and retail prices. According to the terms of reference of the project, the study was to focus on developments in the United Kingdom and […]

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Overview of EU25 Securities Trading, Clearing, Central Counterparties, and Securities Settlement

Sector:Finance.
Client:N/A
Published: February, 2004
Document type:Report

The report for the European Commission – DG Competition provides a pan-European overview of trading, clearing and central counterparties, settlement, and custody, of equity, corporate and government bonds, and the related infrastructures (exchanges, clearing institutions and central counterparties, central securities depositories and international central securities depositories at primary level and international central securities depositories and […]

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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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Study of the Consequences of Further Liberalisation of the Postal Market in Norway

Sector:Competition, Regulation and Business.
Client:Norwegian Ministry of Transport and Communications
Published: December, 2003
Document type:Report

This Report for the Norwegian Ministry of Transport and Communications provides consultancy advice on the consequences of further liberalisation of the postal market in Norway. The study evaluates the impact of postal liberalisation, based on qualitative analysis and quantitative modelling. Under each of the models, we assess the impacts on liberation across various scenarios, ranging […]

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PR04 Scope for Efficiency Studies

Sector:Competition, Regulation and Business.
Client:Ofwat
Published: November, 2003
Document type:Report

This report for OFWAT provides an assessment of the scope for future operating and capital efficiency in the water and sewerage industries by using both a “top-down” and “bottom-up” approach. The top-down approach assesses the scope for future efficiency improvements by analysing past productivity trends in the water and sewerage industries and by undertaking a […]

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London and Foreign Direct Inward Investment

Sector:Finance.
Client:N/A
Published: November, 2003
Document type:Report

London Economics was commissioned by Greater London Authority (GLA) Economics to undertake a study on how London as a world city contributes to attract foreign direct inward investment (FDI) into the United Kingdom, and the risks to London’s attractiveness for FDI in the future. The report reviews recent trends in direct foreign inward investment into […]

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Financial Markets and the Funding of Enterprises in the European Union: What Future?

Sector:Finance.
Client:N/A
Published: July, 2003
Document type:Report

This report uses scenarios to explore the future landscape of the financial services industry in the European Union. The question posed is whether the structure of business finance will shift towards greater reliance on capital markets, equity and bonds, and away from bank finance. After reviewing the key factors that drove change in the nineties, […]

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ICT and GDP Growth in the United Kingdom: A Sectoral Analysis

Sector:Competition, Regulation and Business.
Client:CISCO Systems
Published: April, 2003
Document type:Report

This report for Cisco Systems 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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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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Assessment of Restrictions in the Supply of Professional Services

Sector:Competition, Regulation and Business.
Client:Irish Competition Authority
Published: March, 2003
Document type:Report

The London Economics/Indecon report analyses competition and restrictions in eight professions in 3 sectors: engineers and architects, medical practitioners, veterinary surgeons, dentists and optometrists in the medical sector and solicitors and barristers in the legal sector. The report notes that three types of restrictions are common across the eight professions. These are restrictions on entry […]

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A Production Model of Service Quality at An Post

Sector:Competition, Regulation and Business.
Client:LE Presentation
Published: 2003
Document type:

“A Production Model of Service Quality at An Post”. Paper presented at the 11th Conference on Postal and Delivery Economics. Toledo, Spain. June 4-7, 2003.

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Study on a Methodology for Identifying Sectors with Serious Structural Problems

Sector:Competition, Regulation and Business.
Client:EC DG Competition
Published: December, 2002
Document type:Report

London Economics was commissioned by DG Competition state aid II to develop a general methodology to be used by EC officials to draw up an initial “List of sectors” where serious structural problems prevail. In the report we set out an analytical framework that reviews various aspects (sales, output, employment) of an industry when the […]

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Quantification of the Macro-Economic Impact of Integration of EU Financial Markets

Sector:Finance.
Client:N/A
Published: November, 2002
Document type:Report

“Financial Market Integration and Economic Growth: Quantifying the Effects”. European Commission. Brussels, Belgium. 19 February, 2003.

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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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Assessment of the Benefits of Universal Postal Service to Consignia

Sector:Competition, Regulation and Business.
Client:Postwatch
Published: March, 2002
Document type:Report

The report for Postwatch evaluates and quantifies the benefits of Consignia’s (Royal Mail) Universal Service Obligation (USO). The study reports the results of the application of a general economic model using pricing and production decisions by a multi-product monopolist to the postal sector. The methodology employed uses demand and supply side models and techniques to […]

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Investigating the Use of Regional Economic Forecasting Models in Wales

Sector:Public Policy.
Client:Welsh Assembly Government
Published: January, 2002
Document type:Report

The report for Future Skills Wales reviews the economic forecasts and forecast models used by Education and Learning Wales (ELWa) and its partners, sets out a number of recommendations on how greater benefits could be derived from the forecasting-related activities, and examines how regional data and regional forecasts can be used in a skills’ gap […]

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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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Polarisation and Financial Services Intermediary Regulation

Sector:Finance.
Client:N/A
Published: July, 2000
Document type:Report

The report to the FSA studies the economic effects of a range of possible options for changes to the polarisation regime.

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Real Options: Valuing Nuclear Generation with the Option to Shut Down

Sector:Finance.
Client:N/A
Published: 1999
Document type:Staff publication

Bridge Strategy Quarterly, Fall 1999. Swinand, G. and Swinand, P.

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Launch of Centre for Vocational Education Research – 24 March 2015

Sector:Education.
Client:Department for Business, Innovation and Skills
Published:24 March,
Document type:

London Economics are delighted to be announced as a co-contributor to the Department for Business, Innovation and Skills funded Centre for Vocational Education Research. Download details of the launch of the event here.

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