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A Guide to Privatisation – Best Practices and Procedures

Sector:Transaction advisory
Client:N/A
Published: 16 February, 2023
Document type:

Many countries have privatised some or all of their State-Owned Enterprises in order to improve the efficiency of their economies and raise revenues for the government. Some of the privatisation experiences have been more successful than others and a wealth of knowledge on what works in a privatisation has been accumulated over the last 40 […]

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Cancer Research at Glasgow: The Economic Impact of the Cancer Research UK Scotland Institute and the University of Glasgow’s School of Cancer Sciences

Sector:Education and Labour Markets
Client:University of Glasgow
Published: 18 March, 2024
Document type:

London Economics were commissioned to assess the economic impact of the Cancer Research UK Scotland Institute (formerly Beatson Institute) and the University of Glasgow’s School of Cancer Sciences in the United Kingdom. The total economic impact on the UK economy associated with the CRUK Scotland Institute’s and the School of Cancer Sciences’ activities in 2021-22 […]

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Green Home Finance: Expert Analysis from a Behavioural Perspective

Sector:Finance
Client:N/A
Published: 1 March, 2024
Document type:

Green home finance presents an opportunity to support the UK Government in achieving its Net Zero Ambitions. This study by London Economics and partners Basis Social, Cambridge University and University College London explores the appetite for GHF products amongst consumers, the barriers and enablers to GHF delivery, and how behavioural science can be used to […]

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The Economic Impact of the Russell Group Universities’ R&D Activities

Sector:Education and Labour Markets
Client:The Russell Group
Published: 28 February, 2024
Document type:

London Economics were commissioned to assess the economic impact of research and commercialisation activities undertaken by the 24 Russell Group universities on the UK economy. Our analysis estimates that the total economic impact of the Russell Group’s core research and commercialisation activities in 2021/22 was approximately £37.6 billion. In terms of the components of this […]

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Space Launch Dashboard

Sector:Space
Client:N/A
Published: 20 February, 2024
Document type:

Starship above the Texas coast. Credit: SpaceX Space launch dashboard Space is vast, and launch is no exception, since the dawn of the space age thousands of rockets and satellites have been launched from across the world. To shed light on this vast industry, today we are pleased to announce the launch of our our […]

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Access to Cash: Costs to Consumers and SMEs of a Loss of Access to In-person Cash and Banking Services

Sector:Consumer markets and protection
Client:Financial Conduct Authority
Published: 6 February, 2024
Document type:

London Economics led this study for the FCA to estimate the costs to consumers and SMEs from loss of access to cash and in-person banking services. The research explored how consumers and SMEs currently use these services and how they would behave if they lost access to these services. It identified that access to these […]

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General Election Briefings: Examination of Higher Education Fees and Funding Across the UK – February 2024

Sector:Education and Labour Markets
Client:Nuffield Foundation
Published: 6 February, 2024
Document type:

Funded by the Nuffield Foundation, London Economics are undertaking a range of in-depth analyses in relation to higher education fees and funding arrangements across the four Home Nations of the UK, ahead of the next General Election. Building on more than a decade of our research on higher education funding systems across the four Home […]

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The Funding Shortfall in Sixth Form Education – January 2024

Sector:Education and Labour Markets
Client:Sixth Form Colleges Association
Published: 26 January, 2024
Document type:

Download this document London Economics were commissioned by the Sixth Form Colleges Association to analyse the funding shortfall in sixth form (16-19) education in Sixth Form Colleges, focusing on projected funding needs per learner for the 2025-26 academic year. The key findings are as follows.     Compared to current 16-19 funding in 2023-24, by […]

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Impact of International Investment Agreements on UK Outwards Direct Investment

Sector:International trade & investment
Client:Department for Business and Trade
Published: 12 January, 2024
Document type:

London Economics and Ipsos were commissioned by the Department for Business and Trade to investigate the impact of international investment agreements (IIAs) on UK outward direct investment (ODI). ODI is cross-border investment from one country into another, with the aim of establishing a lasting interest in an enterprise where the investor’s purpose is to play […]

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Top Trends in Space, 2024

Sector:Space
Client:N/A
Published: 11 January, 2024
Document type:

As we enter 2024 the London Economics Ltd Space Team shares its thoughts on the top space industry trends to watch out for this year.

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Carbon Reduction Plan 2023

Sector:Space
Client:N/A
Published: June, 2023
Document type:

London Economics is committed to reducing our environmental footprint. This is embedded in our Environmental Management System and seeking to achieve Net Zero by 2050.

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The Economic and Social Impact of Leeds Trinity University

Sector:Education and Labour Markets
Client:Leeds Trinity University
Published: 19th December, 2023
Document type:

London Economics were commissioned to estimate the economic and social impact of Leeds Trinity University. The key findings were as follows: The total economic impact on the UK economy associated with Leeds Trinity University’s activities in 2021-22 was estimated at £657 million. In terms of the components of this impact, the value of the University’s […]

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How Can Governments Best Support Businesses During Times of Crisis? An Evaluation of the Covid-19 Loan Guarantee Schemes, Led by London Economics, Addresses This Question

Sector:Public Policy
Client:British Business Bank
Published: 28 November, 2023
Document type:

In March 2020, in response to the massive disruption caused to businesses by the Covid-19 pandemic, the government rapidly deployed £78bn of finance to business through the Bounce Back Loan Scheme (BBLS), the Coronavirus Business Interruption Loan Scheme (CBILS) and the Coronavirus Large Business Interruption Loan Scheme (CLBILS). The second of three phases of the […]

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Venture Capital Schemes Evaluation – SEIS and EIS

Sector:Public Policy
Client:HM Revenue & Customs
Published: 22 November, 2023
Document type:

How do HMRC’s Venture Capital Schemes help reduce the challenges early-stage businesses face in struggling to raise finance and how do they impact company performance? London Economics worked with Kantar Public and Ipsos to undertake mixed methods evaluations of HMRC’s Seed Enterprise Investment Scheme and Enterprise Investment Scheme. These schemes aim to incentivise investment in […]

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Trends in Space (as Presented at Danish National Space Conference 2023)

Sector:Space
Client:N/A
Published: November, 2023
Document type:

Rasmus Flytkjaer, Partner in the Space Team at London Economics, presented a view on the dominant trends in space at the Danish National Space Conference on 10/11/2023. The talk content is summarised below and in the PowerPoint deck linked above.   Subscribe to Space in Focus * indicates required First Name Last Name Email Address […]

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The Economic and Social Impact of Queen Mary University of London

Sector:Education and Labour Markets
Client:Queen Mary University
Published: 31 October, 2023
Document type:

  London Economics were commissioned to estimate the economic and social impact of Queen Mary. The key findings were as follows: The total economic impact on the UK economy associated with Queen Mary’s activities in the 2021-22 academic year was estimated at approximately £4,401 million. In terms of the components of this impact, the value […]

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Size and Health 2022/23: UKSA CEO Call to Action Letter

Sector:Space
Client:UK Space Agency
Published: 26 October, 2023
Document type:

CALL TO ACTION – ‘Size & Health of the UK Space Industry 2023’ survey www.smartsurvey.co.uk/s/sizeandhealth23/ Dear colleagues, The Government’s National Space Strategy aims to unlock growth, position the UK as a science superpower, build international collaboration, and increase resiliency across the sector. As the global space sector and wider economy change, the UK space sector […]

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Size and Health 2022/23: Data Preparation List

Sector:Space
Client:UK Space Agency
Published: 25 October, 2023
Document type:

Years 2021/22 2022/23 (if actual data is unavailable, please estimate/forecast) Data Categories The following data will assist in responding to the survey, but if data are not available, please provide approximations. Income from UK space-related activities, with breakdowns by: Customer region (UK, Europe, Northern America) Customer type (UKSA, ESA, EC, Commercial, Research/Science) Activity (Manufacturing, Operations, […]

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Size and Health 2022/23: Data Protection

Sector:Space
Client:UK Space Agency
Published: 25 October, 2023
Document type:

This survey is conducted by London Economics, on behalf of the UK Space Agency. Participation is voluntary. By participating in the survey, you are providing data to London Economics (the data processor) and the Department for Science, Innovation and Technology (DSIT) / UK Space Agency (the data controller). London Economics (http://londoneconomics.co.uk/aerospace) is a leading independent […]

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The Benefits and Costs of International Arts and Design Students to the UK Economy – September 2023

Sector:Education and Labour Markets
Client:University of the Arts London
Published: 12 September, 2023
Document type:

Given the significance of international students as a source of export revenues and following our recent previous study of the benefits and costs to the UK economy associated with all international students (across all subjects (here)), we were commissioned by the University of the Arts London to estimate the benefits and costs to the UK economy […]

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Europe’s Space Sector: Unlocking Potential Through R&D

Sector:Space
Client:N/A
Published: 31 August, 2023
Document type:

Investing in space R&D and hence encouraging innovation can foster firm-level growth in the space sector and ultimately boost the economy. Despite empirical evidence from the UK and support from the broader literature, there is still a large gap in R&D investments in the European space sector which needs to be filled to maintain the […]

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London Economics Awarded a Prestigious Grant from the Nuffield Foundation

Sector:Education and Labour Markets
Client:Nuffield Foundation
Published: 14 August, 2023
Document type:

London Economics are pleased to announce that we have been awarded a prestigious grant from the Nuffield Foundation to model the resource implications – for students, graduates and the Exchequer – of the current Higher Education funding systems in the four nations of the UK. The analysis aims to improve the understanding the current fees […]

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Market Dynamics of the Space Sector: Executive Summary

Sector:Space
Client:Department for Science, Innovation and Technology
Published: 9 August, 2023
Document type:

What determines success or failure for UK space sector companies? How can the government identify and support high growth potential companies? London Economics’ recent report for the UK Department for Science, Innovation and Technology (DSIT) represents a first attempt to derive statistical inferences from the unique ‘Size and Health of the UK Space Industry’ dataset […]

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Overview of the UK Fusion Sector

Sector:Data & technology
Client:Department for Energy Security & Net Zero
Published: 28 July, 2023
Document type:

London Economics, in partnership with glass.AI and OMB Research, was, in February 2023, commissioned by the Department for Energy Security and Net Zero (DESNZ) to undertake a mapping exercise of the UK fusion sector. The aim of this mapping exercise is to provide DESNZ, the UK Atomic Energy Authority (UKAEA) and other fusion stakeholders with […]

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Share Schemes Evaluation – CSOP, SAYE, SIP

Sector:Public Policy
Client:HM Revenue & Customs
Published: 5 June, 2023
Document type:

HMRC commissioned London Economics to conduct an evaluation of three tax-advantaged employee share schemes (TASS), which form part of the government’s non-structural tax reliefs. Specifically, HMRC were seeking a quantitative, qualitative and econometric analysis of Company Share Option Plan (CSOP), Save As You Earn (SAYE) and Share Incentive Plan (SIP). CSOP, SAYE and SIP aim […]

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Evaluation of the Trade Credit Reinsurance (TCR) Scheme

Sector:Public Policy
Client:Department for Business, Energy & Industrial Strategy
Published: 12 July, 2023
Document type:

The uncertainties created by the COVID-19 pandemic posed serious risks to businesses and by extension to the trade credit insurance (TCI) market. To prevent the likely withdrawal of cover from the TCI market by insurers, the government decided to design and operate the Trade Credit Reinsurance (TCR) Scheme. The scheme’s aim was to support UK […]

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Empirical Testing of Consumers’ Perceptions of Differences in Package and Product Version of Seemingly Identical Branded Food Products

Sector:Behavioural Economics
Client:N/A
Published: 20 July, 2023
Document type:

London Economics worked with the European Commission’s Joint Research Centre to investigate how the design of food packaging affects consumers’ perceptions, beliefs about differences between products, and ability to make informed purchasing decisions. The study used data collected via an online survey and experiment to provide insights on two fronts: it informs policymakers whether, and […]

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The Economic Impact of the University of Edinburgh – June 2023

Sector:Education and Labour Markets
Client:The University of Edinburgh
Published: 22 June, 2023
Document type:

The total economic impact on the UK economy associated with the University of Edinburgh’s activities in 2021-22 was estimated at approximately £7.522 billion. In terms of the components of this impact, the value of the University’s research and knowledge exchange activities stood at £3.180 billion (42% of total), while the impact associated with the University’s […]

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Consumer Focused Regulation in Legal Services – June 2023

Sector:Consumer markets and protection
Client:Legal Services Consumer Panel
Published: 15 June, 2023
Document type:

London Economics was commissioned by the Legal Services Consumer Panel – an independent arm of the Legal Services Board –  to undertake research to develop a set of indicators to serve as guidance on good practice in consumer focused regulation. The Legal Services Consumer Panel is calling on legal services regulators to focus more of […]

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Understanding the Challenges Faced by Fuel Poor Households – May 2023

Sector:Energy
Client:Committee on Fuel Poverty
Published: 24 May, 2023
Document type:

London Economics was commissioned by the Committee on Fuel Poverty – an advisory Non-Departmental Public Body sponsored by the Department for Energy Security and Net Zero –  to undertake research to better understand the issues faced by fuel poor households and options as to how these issues can be addressed. This study is an important […]

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The Benefits and Costs of International Higher Education Students to the UK Economy: Analysis for the 2021-22 Cohort – May 2023

Sector:Education and Labour Markets
Client:Higher Education Policy Institute, Universities UK International, and Kaplan International Pathways
Published: 16 May, 2023
Document type:

Download the Summary Report Download the Full Report   With 679,970 international students studying at higher education institutions across the United Kingdom – equivalent to 24% of all higher education students in 2021/22 – international students contribute significantly to our economic and social prosperity, both in the short term during their studies as well as […]

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Post Covid Business Bankruptcies in the EU – Trends Differ Markedly Across EU Member States

Sector:Education and Labour Markets
Client:N/A
Published: 11 May, 2023
Document type:

Since the onset of the Covid-19 pandemic, public support measures and other legal and administrative changes may have postponed bankruptcies among businesses that would have gone bankrupt in normal economic circumstances.   With the financial support provided during the peak of the pandemic ending or tapering out, certain businesses may find it difficult to meet […]

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Alternative Options for Higher Education Fees and Funding for England – May 2023

Sector:Education and Labour Markets
Client:N/A
Published: 3 May, 2023
Document type:

Following the Augar Review of post-18 education, the Department for Education put forward a set of proposals to reduce the costs of higher education fees and funding in England that included…

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Analysing Loan Forgiveness for Nurses – April 2023

Sector:Education and Labour Markets
Client:Royal College of Nursing
Published: 11 April, 2023
Document type:

London Economics were commissioned by the Royal College of Nursing to assess the economic costs associated with introducing loan forgiveness for nurses after the Department for Education’s recent proposals following the Augar review of post-18 education. Under the Department’s response to Augar, the reduction in the repayment threshold (and slower uprating) and the extension of […]

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Space: Who’s in the Airlock Without a Spacesuit?

Sector:Space
Client:N/A
Published: 30 March, 2023
Document type:

  “A rising tide floats all boats, but only when the tide goes out do you discover who’s been swimming naked.”  – Warren Buffet With the recent failure of Silicon Valley Bank, falling stock prices, and deteriorating investment appetite, there are signs that the space industry is reaching the end of a strong upward cycle. […]

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The Economic Impact of the University of Cambridge – March 2023

Sector:Education and Labour Markets
Client:University of Cambridge
Published: 20 March, 2023
Document type:

London Economics was commissioned to assess the economic impact of the University of Cambridge in the United Kingdom, focusing on the 2020-21 academic year. The analysis identified that the total economic impact on the UK economy associated with the University of Cambridge’s activities in 2020-21 was estimated at approximately £29.8 billion. Compared to the University […]

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Understanding the Challenges Faced by Fuel Poor Households This Winter 2022 to 2023 – March 2023

Sector:Energy
Client:Committee on Fuel Poverty
Published: 17 March, 2023
Document type:

London Economics are delighted to have been commissioned by the Committee on Fuel Poverty to undertake important research on fuel poverty. This research will help the Committee on Fuel Poverty – an advisory Non-Departmental Public Body sponsored by the Department for Energy Security and Net Zero – to better understand the issues faced by those […]

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Market Assessment – UK Venture Capital Market for Early-stage Clean Tech Companies – March 2023

Sector:Data & technology
Client:Department for Energy Security & Net Zero
Published: 13 March, 2023
Document type:

The Department for Energy Security & Net Zero commissioned London Economics to assess the UK venture capital (VC) market for early-stage clean tech companies, aimed at enabling economic activity to provide goods and services while generating significantly lower greenhouse gas emissions. This study examines the state of early-stage investment in UK clean tech companies, comparing […]

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Skills and UK Productivity: Estimating the Contribution of Educational Attainment to Productivity Growth

Sector:Education and Labour Markets
Client:Department for Education
Published: 23 February, 2023
Document type:

London Economics were commissioned by the Department for Education to investigate the contribution of educational attainment to UK productivity growth. Growth in UK labour productivity has slowed in recent years. We analyse this productivity puzzle by estimating the impact of changes in educational attainment on UK labour productivity (Gross Value Added (GVA) per hour worked) […]

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Part and Parcel: The Economic and Social Value of Post Office – February 2023

Sector:Public Policy
Client:Post Office
Published: 22 February, 2023
Document type:

London Economics were commissioned by Post Office to analyse the economic and social value of Post Office. Post Office generated an economic impact of £4.7 billion in 2021/22 throughout the whole of the United Kingdom, with at least £2 million of economic impact originating in every parliamentary constituency. Post Office also supported nearly 50,000 full-time […]

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Energy Prices and Inflation – Businesses’ Perspective

Sector:Entrepreneurship & SMEs
Client:N/A
Published: 14 February, 2023
Document type:

Jack Booth at London Economics explores businesses’ perspectives on energy prices and inflation in 2022 and early 2023. Key findings for the February 2022-February 2023 period[1] Micro SMEs were least concerned about both energy prices and inflation. Small SMEs were most concerned about energy prices. Medium-sized SMEs and large enterprises were (roughly) equally concerned about […]

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Spatial Data for Financial Management

Sector:Space
Client:N/A
Published: 8 February, 2023
Document type:

In this issue of Space in Focus, Tom Goulding outlines the potential for spatial data, including satellite-based Earth Observation, to contribute to sustainability in the financial sector.

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Direct and Indirect Regulatory Costs Faced by General Insurance Brokers in the UK

Sector:Finance
Client:British Insurance Brokers’ Association
Published: 26 January, 2023
Document type:

The key findings of the analysis by London Economics of the regulatory costs borne by UK insurance brokers were published by the British Insurance Brokers’ Association (BIBA) in its 2023 Manifesto released on 26 January 2023. The analysis compares the direct regulatory costs faced by general insurance brokers in Belgium, Denmark, Finland, France, Germany, Ireland, […]

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Auto-enrolment in the UK: A Decade of Success but What Next?

Sector:Finance
Client:N/A
Published: 26 January, 2023
Document type:

Calum Kennedy at London Economics reflects on the success of the auto-enrolment scheme in the UK and lays out some of the challenges for the road ahead… In October 2022, the UK auto-enrolment (AE) pension scheme celebrated its tenth anniversary. Over the past ten years, the pensions landscape in the UK has changed markedly. AE […]

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Understanding Methods for Measuring Digital Consumer Harms

Sector:Data & technology
Client:DCMS
Published: 20 January, 2023
Document type:

Digital markets have delivered numerous benefits for consumers, providing a range of new products and services that are designed and personalised with the analysis of consumer data. However, digital markets have given rise to new risks for consumers. It is often the same features that bring benefits that can also cause harm, including higher prices, […]

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Assessing the Impacts of the Reduction in the Age of Entitlement to the National Living Wage from Age 25 to Age 23

Sector:Education and Labour Markets
Client:Low Pay Commission
Published: 19 January, 2023
Document type:

London Economics were commissioned by the Low Pay Commission, who recommend changes to the minimum wage to the UK government, to investigate the impact of extending the eligibility to the National Living Wage from those aged 25 and above to include 23- and 24-year-olds in April 2021. The research of the Labour Force Survey and […]

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Survey of Childcare and Early Years Providers

Sector:Education and Labour Markets
Client:Department for Education (partnered with IFF Research who are the lead contractor)
Published: 15 December, 2022
Document type:

London Economics were commissioned by the Department for Education (DfE) to investigate the state of the childcare market through the 2022 Survey of Childcare and Early Years Providers (SCEYP) in partnership with IFF Research. The analysis of the survey covered all aspects of childcare provision, ranging from costs of childcare provision and staff turnover to […]

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The Economic and Social Impact of Queen’s University Belfast

Sector:Education and Labour Markets
Client:Queen’s University Belfast
Published: 14 December, 2022
Document type:

London Economics were commissioned by Queen’s University Belfast to analyse the economic and social impact associated with the University’s activities in the 2020-21 academic year. Rather than just considering the traditional direct, indirect and induced impacts associated with Queen’s University Belfast’s physical footprint, this analysis also incorporates the economic impact associated with Queen’s University Belfast’s […]

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Higher Education Fees and Funding: Assessing Potential Alternatives to the Department for Education’s Response to the Augar Review

Sector:Education and Labour Markets
Client:University of the Arts London
Published: 13 December, 2022
Document type:

London Economics were commissioned by the University of the Arts London (UAL) to analyse a number of options for reforming the English higher education funding system, as potential alternatives to the proposed changes that were announced by the Department for Education (DfE) in response to the Augar Review. To improve the fiscal sustainability of the […]

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SMEs in the COVID-19 Recovery: Which SMEs Faced Most Pressing Challenges?

Sector:Finance
Client:Internal document
Published: 7 December, 2022
Document type:

SME & Entrepreneurship Working Paper No. 1 Technical Annex Since the beginning of the COVID-19 pandemic and into 2021, SMEs have experienced challenging economic circumstances due to lockdowns and social distancing measures, supply chain constraints, and a tight labour market. This paper investigates the relative importance of various problems that SMEs have faced in the […]

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Education and Skills Impact Measurement: The Return on Investment Associated with Post-compulsory Education and Training in Scotland – December 2022

Sector:Education and Labour Markets
Client:Scottish Government Enterprise and Skills Strategic Board
Published: 2 December, 2022
Document type:

Education, training, and skills acquisition – often referred to as human capital accumulation – are one of the most influential determinants of any country’s long term economic growth, and are associated with improved economic prosperity, living standards, and wellbeing. In general, the economic benefits of human capital acquisition are shared across all sectors of the […]

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The Economic Impact of Scotland’s University Research Activity – December 2022

Sector:Education and Labour Markets
Client:Universities Scotland
Published: 6 December, 2022
Document type:

London Economics were commissioned by Universities Scotland to analyse the economic contribution associated with the research activity delivered by higher education institutions in Scotland on the UK economy. In undertaking the estimation of the economic impact associated with the research activity delivered by Scottish higher education institutions, we estimate both the direct effects of this […]

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The Economic and Social Impact of University College Birmingham – November 2022

Sector:Education and Labour Markets
Client:University College Birmingham
Published: 28 November, 2022
Document type:

London Economics were commissioned by University College Birmingham to analyse the economic and social impact associated with University College Birmingham’s activities in the 2020-21 academic year. Rather than just considering the traditional direct, indirect and induced impacts associated with University College Birmingham’s physical footprint, this analysis also incorporates the economic impact associated with University College […]

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The Creative Industry Tax Reliefs Evaluation

Sector:Public Policy
Client:HM Revenue & Customs
Published: 17 November, 2022
Document type:

1.1 Key points from the evaluation there is strong evidence that the tax reliefs across film, high-end TV, animation and children’s TV have made the UK a more attractive filming and production location, and led to more productions taking place in the UK the reliefs were seen as having aspects which made them competitive beyond […]

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London Economics at the Royal Institute of Navigation’s UK PNT Leadership Seminar

Sector:Space
Client:N/A
Published: 9 November, 2022
Document type:

Image source: NASA, Artist’s impression of a STEREO Spacecraft Viewing CME, https://www.nasa.gov/mission_pages/sunearth/missions/mission_stereo.html Use of the image does not imply NASA’s endorsement of the report. On 1st November this year the Royal Institute of Navigation (RIN) brought together experts representing “the UK’s leaders in government, industry, academia and key user communities.” London Economics produced a Concept […]

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New Person, Same Old Mistakes – Behavioural Economics in Public Health

Sector:Behavioural Economics
Client:N/A
Published: 7 November, 2022
Document type:

With winter just around the corner and health services under increasing pressure, Calum Kennedy
examines how behavioural insights can inform public health policy.

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The Economic and Social Impact of the University of Southampton

Sector:Education and Labour Markets
Client:University of Southampton
Published: 02 November, 2022
Document type:

London Economics were commissioned by the University of Southampton to estimate their economic impact on the UK economy. The total economic impact on the UK economy associated with the University of Southampton’s activities in 2020-21 was estimated at approximately £4.14 billion. Compared to the University of Southampton’s total operational costs of approximately £561 million in […]

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A Decade of Pay Erosion: The Destructive Effect on UK Nursing Staff Earnings and Retention – October 2022

Sector:Education and Labour Markets
Client:Royal College of Nursing
Published: 28 October, 2022
Document type:

London Economics were commissioned by the Royal College of Nursing to undertake a detailed analysis of the evolution of registered nurses’ and nursing support workers’ NHS Agenda for Change pay over the last decade, across the UK. The analysis provides an evidence-based assessment of the extent to which remuneration in the nursing profession has been […]

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Study on the Impact of the Data Act Proposal on European Telecom Operators’ Offerings, Business Models, and Innovation

Sector:Public Policy
Client:European Telecommunications Network Operators’ Association
Published: 25 October, 2022
Document type:

Following the publication of the European Commission’s Data Act proposals in February 2022, ETNO, the European Telecommunications Network Operators’ Association, commissioned LE Europe, in partnership with Plum Consulting and Wiggin LLP, to produce a study on the impact of the Data Act proposal on European telecom operators. The study investigated how the proposed new rules […]

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The Economic and Social Impact of Cardiff University in 2020-21 – October 2022

Sector:Education and Labour Markets
Client:Cardiff University
Published: 24 October, 2022
Document type:

London Economics were commissioned to assess the economic and social impact of Cardiff University in the United Kingdom, focusing on the 2020-21 academic year. The total economic impact on the UK economy associated with Cardiff University’s activities in 2020-21 was estimated at approximately £3.678 billion. Compared to Cardiff University’s total operational costs of approximately £573 […]

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Mapping and Analysis of Science Engagement and Inequity in the UK – March 2022

Sector:Education and Labour Markets
Client:British Science Association
Published: March, 2022
Document type:

The British Science Association (BSA) commissioned London Economics to support their development of a set of indicators and an index for science engagement and inequity across the United Kingdom. In creating a map of science engagement, the analysis was not just intended to be a means of identifying those regions and sub-regions where science engagement […]

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The Economic Impact of Leeds Beckett University – April 2022

Sector:Education and Labour Markets
Client:Leeds Beckett University
Published: April, 2022
Document type:

London Economics were commissioned by Leeds Beckett University to estimate their economic impact on the UK economy. The total economic impact on the UK economy associated with Leeds Beckett University’s activities in 2018-19 was estimated at approximately £1.43 billion. In terms of the components of this impact, Leeds Beckett University’s teaching and learning activities accounted […]

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No Value Without Verification: Earth Observation for Carbon Markets

Sector:Space
Client:N/A
Published: 27 September, 2022
Document type:

On the path to net zero, carbon offsets promise to assist companies in lowering their greenhouse gas emissions and transition to carbon neutrality. But a lack of standardised verification and insufficient monitoring of these voluntary carbon markets leave room for fraudulent offsets. In this issue of Space in Focus, Greta Dohler explores how satellite-based Earth […]

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Preliminary Estimates of Potential ‘tourism Tax’ Revenues in Wales

Sector:Space
Client:Welsh Government
Published: 21 September, 2022
Document type:

In research undertaken for the Welsh Government in early 2021, LE Wales provided preliminary estimates of potential revenue from applying a tourism tax in Wales. We used public data on tourism in Wales for 2019 to estimate the potential revenues from a range of tourism tax options, as if they had been applied at an […]

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Space for Policy in Developing Countries

Sector:Space
Client:UK Space Agency
Published: July, 2020
Document type:

How can space support government policy making in the developing world? London Economics’ latest report for the UK Space Agency finds that space technologies are well placed to provide intelligence on a range of economic and environmental activities at a lower cost than alternative methods of data collection. This advantage is key for developing country governments facing budget constraints, increased demand, climate pressures, and growing public scrutiny.

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What Can Space Do for Europe’s Future Energy Security? Space-Based Solar Power Evaluated

Sector:Space
Client:European Space Agency (ESA)
Published: 31 August, 2022
Document type:

Space-based Solar Power (SBSP) is a concept that has existed since the 1970s, but developments in the space industry, concerns about Europe’s energy security, and the need to decarbonise have created a renewed interest in the concept. In this context, the European Space Agency (ESA) commissioned London Economics and Frazer-Nash to investigate the technical feasibility, […]

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Using Behavioural Insights for Water Demand | Behavioural Economics in Focus Issue 3

Sector:Behavioural Economics
Client:N/A
Published: 23rd August, 2022
Document type:

Hosepipe bans across England and Wales: time to turn to behavioural insights for managing water use With England’s water reservoirs at a 25-year low and hosepipe bans being introduced by the majority of water companies, Dr Charlotte Duke and James Suter consider the evidence on the effectiveness of hosepipe bans and recommend harnessing the power […]

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Aeolus Value of Information Study

Sector:Space
Client:European Space Agency (ESA)
Published: 17 August, 2022
Document type:

London Economics was commissioned by the European Space Agency (ESA) to to assess the value generated by the Aeolus-1 and Aeolus-2 weather missions. The objective of the study was to demonstrate the utility of Value of Information (VOI) frameworks to the valuation of Earth Observation (EO) missions and to apply this framework to the Aeolus missions. The report estimates the benefits of the Aeolus weather missions at €10.6bn, with an average willingness-to-pay of €60k per user.

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2021/2022 Annual Report on European SMEs – June 2022

Sector:Entrepreneurship & SMEs
Client:EC DG EASME / EC DG GROWTH
Published: June, 2022
Document type:

Report prepared by LE Europe, London Economics’ subsidiary, was published by the European Commission. This report reviews how EU-27 SMEs fared in 2020 and 2021, and how they are likely to perform in 2022. In addition, after an extensive discussion of the state of digitalisation of SMEs in last year’s SME Annual Report, this year […]

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Evaluation of the Bounce Back Loan Scheme, Coronavirus Business Interruption Loan Scheme, and Coronavirus Large Business Interruption Loan Scheme – June 2022

Sector:Finance
Client:British Business Bank
Published: 14 June, 2022
Document type:

In March 2020, in response to the global pandemic and corresponding wide-ranging business impacts and uncertainty, the government rapidly designed and deployed a series of three loan-guarantee schemes – the Coronavirus Business Interruption Loan Scheme (CBILS), the Coronavirus Large Business Interruption Loan Scheme (CLBILS) and Bounce Back Loan Scheme (BBLS). These aimed to support smaller […]

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The Behavioural Tool Kit – What You Need to Know and Why Should You Care

Sector:Behavioural Economics
Client:N/A
Published: 04 May, 2022
Document type:

James Suter and Tiffany Head of London Economics’ Behavioural Team explain how behavioural economics provides many powerful insights on how people behave and why, with real-world applications in the worlds of business and policy making… What is Behavioural Economics? Behavioural economics is the study of human behaviour and how our ‘behavioural biases’ and the context […]

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LE Europe HE Fees and Funding Options in Ireland

Sector:Public Policy
Client:EC DG REFORM
Published: 4 May, 2022
Document type:

London Economics’ sister company, LE Europe, as part of the AARC Consortium (incorporating AARC, LE Europe and Indecon) were commissioned by the European Commission’s Directorate-General for Structural Reform Support (DG REFORM) to provide an analysis of the sustainability of higher education (HE) and further education and training (FET) in Ireland. The project’s general objective was […]

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AI for Services 2022 – April 2022

Sector:Disruptive technologies
Client:Knowledge Transfer Network
Published: 1 April, 2022
Document type:

The 2022 AI for Services Report by London Economics has now been published by the Innovate UK Knowledge Transfer Network. This is the second edition of the report, exploring the UK’s LawTech, InsurTech and AccounTech landscape and adding a comparative perspective, with case studies covering France, Germany, Singapore and the United States. In this report […]

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SPAC(e) In Focus – Finance at the Final Frontier

Sector:Space
Client:N/A
Published: 7 March, 2022
Document type:

The rise of a new financial mechanism has been central to the arrival of many new space ventures on public markets. But as the fervour for SPACs, or special purpose acquisition companies, wanes among investors, what will be the consequence for the space industry? In the latest edition of Space in Focus, former LE Consultant […]

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Economic and Distributional Impacts of the Proposed New Enveloped Property Transactions Tax – February 2022

Sector:Public Policy
Client:Government of Jersey
Published: 16 February, 2022
Document type:

This report responds to a request from the Government of Jersey’s Economics Unit to provide an assessment of the economic and distributional impacts of the proposed changes set out in the Draft Taxation (Enveloped Property Transactions) (Jersey) Law. The proposed changes analysed in the report are the introduction of a new Enveloped Property Transaction Tax […]

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New Year, New You, New Nudges

Sector:Behavioural Economics
Client:N/A
Published: 12 January, 2022
Document type:

Only around a third of us manage to keep our new year’s resolutions[i]. As 2022 begins, Joscelyn Miller from London Economics’ Behavioural Team reflects on why we are so bad at sticking to plans and how adopting a behavioural approach can help you succeed this year…  The new year perfectly lends itself to goal setting, […]

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Assessing Impact of a Flat and Variable Deposit Fee for Romanian Deposit Return Scheme – December 2021

Sector:Behavioural Economics
Client:Alucro Romania
Published: 17 December, 2021
Document type:

As countries seek to reduce waste and boost recycling, many are considering Deposit Return Schemes for drinks packaging. Designs vary from fixed to variable deposits. LE’s study on the design of a Deposit Return Scheme in Romania illustrates that countries should consider carefully the design features of these schemes. The summary report can be downloaded […]

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Consultancy Research in the UK Maritime Technology Sector – November 2021

Sector:UK Government
Client:Department for Transport
Published: 11 November, 2021
Document type:

The consortium, composed of London Economics (lead) and NLA International (NLAI), was commissioned by Maritime Research and Innovation UK (MarRI-UK) to undertake economic research to inform the Department for Transport (DfT) approach to supporting the smart shipping industry in the UK. The research focuses on the UK’s strengths in smart shipping technology and provides economic […]

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The Economic Impact of the University of Glasgow – October 2021

Sector:Education and Labour Markets
Client:University of Glasgow
Published: 27 October, 2021
Document type:

London Economics were commissioned by the University of Glasgow to undertake an economic contribution to the United Kingdom. The analysis identified that: The total economic impact on the UK economy associated with the University of Glasgow’s activities in 2018-19 was estimated at approximately £4.4 billion. In terms of the components of this impact, the value […]

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Economic Impact of Robotic and Autonomous Systems – October 2021

Sector:Data & technology
Client:Department for Business, Energy & Industrial Strategy
Published: 8 October, 2021
Document type:

London Economics’ Data & Technology team were commissioned by the Department for Business, Energy & Industrial Strategy (BEIS) to find out where the key economic opportunities lie for Robotics and Autonomous Systems (RAS) uptake. We identify several opportunities in which RAS could provide significant economic benefits, such as crop harvesting, nuclear decommissioning & surgery. However, […]

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Economic Impact of the University of Oxford – October 2021

Sector:Education and Labour Markets
Client:University of Oxford
Published: 5 October, 2021
Document type:

London Economics were commissioned to analyse the economic impact of the University of Oxford on the UK economy, focusing on the 2018-19 academic year. The analysis identified that: The total economic impact on the UK economy associated with the University of Oxford’s activities in 2018-19 was estimated at approximately £15.7 billion. In terms of the […]

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HE Funding Threshold Changes – September 2021

Sector:Public Policy
Client:N/A
Published: 26 September, 2021
Document type:

In light of the upcoming Comprehensive Spending Review, London Economics undertook some modelling of higher education fees and funding arrangements. Based on the current system of repayments facing the 2020-21 cohort of undergraduates, we were modelled the resource impact on the Exchequer of a change in the repayment threshold for graduates to £23,000. The analysis […]

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The Costs and Benefits of International Higher Education Students to the UK Economy – September 2021

Sector:Public Policy
Client:Higher Education Policy Institute and Universities UK International
Published: 09 September, 2021
Document type:

With 496,000 international students studying for qualifications at higher education institutions across the United Kingdom – equivalent to 20% of all HE students – international students contribute significantly to the economic and social prosperity of the United Kingdom, both in the short term during their studies as well as in the medium to longer term […]

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The Costs and Benefits of Introducing the Autism Code of Practice – July 2021

Sector:Public Policy
Client:Welsh Government
Published: 16 July, 2021
Document type:

The Welsh Government commissioned LE Wales to assess the costs and benefits of introducing a Statutory Code of Practice on the Delivery of Autism Services compared with the current situation (“business as usual”) and with the introduction of primary legislation. The research was undertaken between December 2020 and March 2021.

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A Pandemic’s Worth of Change – June 2021

Sector:Data & technology
Client:Webloyalty
Published: 17 June, 2021
Document type:

London Economics and Webloyalty reveal the top consumer trends formed during the pandemic which are here to stay and how behavioural economics can help your firm thrive post-pandemic.

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Agenda for Change Pay and House Prices Since March 2011 – June 2021

Sector:Education and Labour Markets
Client:Royal College of Nursing
Published: 16 June, 2021
Document type:

London Economics were commissioned by the Royal College of Nursing to undertake an assessment of the how average UK house prices and total annual nursing staff pay has evolved since 2011. Using information from the Office for National Statistics and NHS Digital, the analysis identified that average house price inflation over the decade was approximately […]

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The Cost of Amending Repayment Thresholds Alongside Changes in Interest Rate and Loan Repayment Period – June 2021

Sector:Public Policy
Client:Higher Education Policy Institute
Published: 10 June, 2021
Document type:

London Economics were commissioned by the Higher Education Policy Institute to undertake some modelling of higher education fees and funding arrangements. Based on the current system of repayments facing the 2020-21 cohort of undergraduates, we were asked to model the resource impact on the Exchequer of the removal of real interest rates, the possible extension […]

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The Economic Cost of Providing Potential Refunds to Students During the Covid 19 Pandemic – June 2021

Sector:Public Policy
Client:LSE and University of Sheffield Students’ Unions
Published: 1 June, 2021
Document type:

London Economics were commissioned by the LSE and University of Sheffield Students’ Unions to undertake a piece of analysis on higher education fees and funding. Underpinned by the significant financial constraints facing higher education institutions as a result of the pandemic, we were tasked with analysing a range of alternative approaches to provide domestic students […]

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The Impact of the Apprenticeship Levy on Apprenticeships and Other Training Outcomes – April 2021

Sector:Education and Labour Markets
Client:Centre for Vocational Education Research
Published: 14 April, 2021
Document type:

Since April 2017, UK employers with an annual pay bill above £3 million have contributed to the Apprenticeship Levy. In this paper we use a matched firm-learner dataset to explore changes in apprenticeship and other training outcomes between 2015/16 and 2018/19, a period which spans the introduction of the Apprenticeship Levy. The findings reveal that […]

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Short to Medium Term Operational and Cost Pressures Affecting Social Care in Wales – March 2021

Sector:Public Policy
Client:Welsh Government
Published: 31 March, 2021
Document type:

This report presents projections of net current expenditure by local authorities on social care services in Wales for the period 2018/19 to 2022/23. The projections cover social care services for different age groups (children, working age adults and older people) and consider net expenditure (i.e. excluding income from clients and other sources) for a number […]

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Use of Additional Funding for Social Care – March 2021

Sector:Public Policy
Client:Welsh Government
Published: 31 March, 2021
Document type:

The Welsh Government commissioned LE Wales to assess the potential impacts of a number of policy options for the use of additional funding raised from a potential levy or alternative. The proposed options assessed by LE Wales include three options for offsetting the charges for residential and non-residential adult social care services that are paid […]

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Star Wars and Space Clubs

Sector:Space
Client:N/A
Published: 1 April, 2021
Document type:

In 1999, Thomas Bell, writing for the US Center for Strategy and Technology suggested that it was “inevitable that mankind will weaponize space and equally likely that this will take place in the next thirty years”. Space is increasingly openly considered as a military domain alongside land, sea, air, and cyber, where national security and […]

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Modelling Demand and Costs for Palliative Care Services in England – March 2021

Sector:Public Policy
Client:Sue Ryder
Published: 8 March, 2021
Document type:

The palliative care sector is facing rising demand for its services and there are growing concerns about the financial sustainability of the independent charitable sector. Financial pressure on the hospice sector was already increasing at the beginning of 2020, but the COVID-19 outbreak brought almost all fundraising activities to a halt, with a substantial loss […]

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Closing the Information Gap: Using Space-based EO for Wetland Mapping and Monitoring – March 2021

Sector:Space
Client:UK Space Agency
Published: 29 March, 2021
Document type:

Climate change is an increasingly pressing threat for mankind, and the UK Government clearly recognises that. Environmental and emission reduction policies are being put in place and financial incentives are being introduced across the country as part of efforts to tackle the problem head on. In this whitepaper we discuss the potential of wetlands, both […]

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Estimating the Potential Impact of Policy Changes on International Student Demand for UK Higher Education

Sector:Education and Labour Markets
Client:Department for Education
Published: 8 February, 2021
Document type:

London Economics were commissioned by the Department for Education to undertake an analysis of: The price elasticity of international student enrolments with respect to changes in the level of tuition fees charged – separately at undergraduate and postgraduate level, and for EU and non-EU domiciled students. The potential impact on first-year EU student enrolments and […]

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The Cost of Lies: Assessing the Human and Financial Impact of COVID-19 Related Online Misinformation on the UK – January 2021

Sector:Public Policy
Client:SumOfUs
Published: 28 January, 2021
Document type:

This study looks at the impact of online disinformation about face mask wearing, COVID and the impact on the NHS and UK economy. The work was commissioned by the SumofUs.

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Assessing the Impact of a Flat and Variable Deposit Fee for a UK Deposit Return Scheme – January 2021

Sector:Public Policy
Client:Alupro
Published: 27 January, 2021
Document type:

London Economics was commissioned by Alupro to undertake an evaluation of a flat versus variable rate Deposit Return Scheme. The study informs the ongoing discussions regarding the design of a Deposit Return Scheme in the UK. The full report and summary report are available on the Alupro website here.

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LE Tech Insight – Adopt or Perish: AI, the Magic Bullet?

Sector:Data & technology
Client:N/A
Published: 19 January, 2021
Document type:

What is artificial intelligence? Artificial intelligence (AI) is a branch of computer science that is concerned with building ‘smart’ or ‘intelligent’ machines. AI is a vast field encompassing a wide range of different subfields, including: machine learning, concerned with developing algorithms that learn from data, natural language processing, concerned with reading and understanding text; speech […]

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The Net Exchequer Impact of Increasing Pay for Agenda for Change Staff

Sector:Education and Labour Markets
Client:NHS Trade Unions
Published: 18 January, 2021
Document type:

Corresponding to approximately 4% of employees in England, there are currently just over 1 million nurses, midwives, allied health professionals, and NHS support staff covered by the Agenda for Change (AfC) Pay framework in England. Since 2010-11, pay levels at every single AfC spine point have lagged behind inflation, resulting in a significant decline in […]

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Trust in the Data Economy – Presentation at the Centre for Urban Science and Progress (CUSP)

Sector:Data & technology
Client:N/A
Published: 07 July, 2020
Document type:

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LE Tech Insight – Starpower: Is Nuclear Fusion Still 30- Years Away?

Sector:Data & technology
Client:N/A
Published: 08 January, 2021
Document type:

Process of fusion Source: London Economics (2020), based on FusionForEnergy (2019) https://f4e.europa.eu/understandingfusion/ Last month, the search began for a site for the construction of a new nuclear fusion plant in the UK – after an additional £200 million was pledged by the government to fund the next breakthrough in fusion research.[i] The UK is currently […]

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Gold from Trash: Space Surveillance and Tracking

Sector:Space
Client:N/A
Published: 17 December, 2020
Document type:

In this issue of Space in Focus former Economic Consultant, Nick Oswald, considers the implications of this ever-increasing need. Humanity’s collective space-faring actions are the predominant cause of the ever-increasing accumulation of debris in-orbit. There is general consensus that this is a ‘bad’ thing. The main causes for disagreements relate to how much of a […]

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Commercial Space Surveillance and Tracking Market Study – September 2020

Sector:Space
Client:UK Space Agency
Published: 15 September, 2020
Document type:

London Economics was commissioned by the UK Space Agency (UKSA) to undertake a study investigating the current and future state of the commercial space surveillance and tracking market. The report provides a qualitative view of the development of the industry highlighting potential risks and opportunities for the UK, plus provides a quantitative estimate of the […]

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The Impact of UK Public Investments in UKAEA Fusion Research – December 2020

Sector:Energy
Client:Department for Business, Energy & Industrial Strategy
Published: 24 November, 2020
Document type:

London Economics was commissioned by the Department for Business, Energy and Industrial Strategy to undertake an independent impact evaluation of nuclear fusion research at the Culham Centre for Fusion Energy. The study objective was to assess the costs and benefits of fusion research at Culham to date. Specifically, the study sought to: i) generate evidence […]

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The Value of VAT Reliefs for the Charity Sector – December 2020

Sector:Public Policy
Client:Charity Tax Group
Published: 4 December, 2020
Document type:

London Economics was commissioned by the Charity Tax Group (CTG) to undertake research to quantify the value of existing VAT (value added tax) reliefs to charities in the UK and to model the potential impact of any changes to these reliefs. The key findings show that VAT continues to place a significant burden on UK […]

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Covid-19 in Welsh Care Homes – Update 24 November 2020

Sector:Public Policy
Client:N/A
Published: 24 November, 2020
Document type:

This is a one page briefing that summarise the latest weekly data from Care Inspectorate Wales on Covid-19 and other deaths of Welsh care home residents. Previous updates and other COVID-19 publications are available here.

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Evaluation of the Research and Development Tax Relief for Small and Medium-sized Enterprises – November 2020

Sector:Finance
Client:HM Revenue & Customs
Published: 17 November, 2020
Document type:

The independent evaluation of the SME R&D tax relief scheme addressed the requirements of the evaluation plan set out in the European Commission (EC)’s decision letter and the common methodology designed by the EC for State Aid evaluations. More specifically, the evaluation had three main objectives: Assessing the direct impacts of the scheme, measured by […]

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Covid-19 in Welsh Care Homes – Update 10 November 2020

Sector:Public Policy
Client:N/A
Published: 10 November, 2020
Document type:

This is a one page briefing that summarise the latest weekly data from Care Inspectorate Wales on Covid-19 and other deaths of Welsh care home residents. Previous updates and other COVID-19 publications are available here.

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The Economic and Social Impact of The Open University

Sector:Education and Labour Markets
Client:The Open University
Published: 6 November, 2020
Document type:

  London Economics were commissioned to analyse the economic and social impact of The Open University across the United Kingdom in 2018-19. To capture the economic impact of the University, we generated estimates of the economic benefits associated with the University’s formal teaching and learning activity associated with the 2018-19 cohort of UK-domiciled Open University […]

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Use of Distributed Ledger Technologies to Verify the Provenance of Goods – October 2020

Sector:Data & technology
Client:Department for Business, Energy & Industrial Strategy
Published: 2 October, 2020
Document type:

In 2018, London Economics were commissioned by the Department for Business, Energy and Industrial Strategy to critically assess the use of distributed ledgers in sectors where they have already been trialled, developing an evidence base to help inform their use in the supply chains for different types of consumer products. The research programme comprised desk […]

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Lost Learning, Lost Earnings – October 2020

Sector:Education and Labour Markets
Client:The Sutton Trust
Published: 1 October, 2020
Document type:

London Economics were commissioned by the Sutton Trust to assess the economic impact of school closures and subsequent learning loss. This study combines an analysis of the Labour Force Survey, the lost learning due to school closures between March and July 2020, and the unequal experiences depending on socio-economic background to estimate the potential impact […]

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AI for Services – September 2020

Sector:Public Policy
Client:Knowledge Transfer Network
Published: 16 September, 2020
Document type:

Artificial Intelligence (AI) and other data technologies are set to impact almost every sector of the economy, bringing significant opportunities for UK businesses. Across the accountancy, insurance and legal sectors, AI and data have the potential to transform the way businesses interact with customers, deliver better and more personal products and services, and bring systemic […]

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Covid-19 in Welsh Care Homes – Update 2 September 2020

Sector:Public Policy
Client:N/A
Published: 2 September, 2020
Document type:

This is a one page briefing that summarises the latest weekly data from Care Inspectorate Wales on Covid-19 and other deaths of Welsh care home residents. Previous updates and other COVID-19 publications are available here.  

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COVID-19 Mortality and Long-term Care: a UK Comparison

Sector:Public Policy
Client:N/A
Published: 29 August, 2020
Document type:

This report, authored by researchers from London Economics / LE Wales and other institutions across the UK, provides a comparison of the impacts of COVID-19 on the long term care sector across the four UK nations.  It provides an up to date estimate of the size of the adult care home sector across the UK […]

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Untangling the OneWeb Web

Sector:Space
Client:N/A
Published: 27 August, 2020
Document type:

On July 3rd 2020, the British government committed $500m to successfully acquire a 45% stake in OneWeb[i], a company whose ambitions for mass constellation broadband were thwarted by Chapter 11 bankruptcy in March.[ii] The size of the taxpayer commitment, uncertainties over the commercial and technical feasibility of OneWeb and its strategic alignment with UK space […]

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Covid-19 in Welsh Care Homes – Update 18 August 2020

Sector:Public Policy
Client:N/A
Published: 18 August, 2020
Document type:

This is a one page briefing that summarises the latest weekly data from Care Inspectorate Wales on Covid-19 and other deaths of Welsh care home residents. Previous updates and other COVID-19 publications are available here.

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Why Do People Purchase Electric Vehicles? – August 2020

Sector:Consumer markets and protection
Client:N/A
Published: 11 August, 2020
Document type:

London Economics’ Dr Charlotte Duke joins Centrica’s podcast ‘Power to the People’ exploring the behavioural economic motivations behind our decisions to purchase electric vehicles. You can listen to the podcast here.

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Covid-19 in Welsh Care Homes – Update 4 August 2020

Sector:Public Policy
Client:N/A
Published: 8 August, 2020
Document type:

This is a one page briefing that summarise the latest weekly data from Care Inspectorate Wales on Covid-19 and other deaths of Welsh care home residents. Previous updates and other COVID-19 publications are available here.    

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Covid-19 in Welsh Care Homes – Update 28 July 2020

Sector:Public Policy
Client:N/A
Published: 28 July, 2020
Document type:

This is a one page briefing that summarise the latest weekly data from Care Inspectorate Wales on Covid-19 and other deaths of Welsh care home residents.

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An Unintended Consequence of Staff Casualisation: the Effect on Student Satisfaction

Sector:Public Policy
Client:N/A
Published: 17 July, 2020
Document type:

London Economics’ Rhys Williams has contributed a blog article on the HEPI website, exploring the relationship between student satisfaction at Higher Education Institutions and the level of teaching conducted by casual staff. The key finding is that loading teaching on casual staff reduces student satisfaction. As a consequence, universities should think twice before considering cutting […]

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Covid-19 in Welsh Care Homes – Update 14 July 2020

Sector:Public Policy
Client:N/A
Published: 15 July, 2020
Document type:

This is a one page briefing that summarise the latest weekly data from Care Inspectorate Wales on Covid-19 and other deaths of Welsh care home residents.

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Covid-19 in Welsh Care Homes – Update 7 July 2020

Sector:Public Policy
Client:N/A
Published: 8 July, 2020
Document type:

This is a one page briefing that summarise the latest weekly data from Care Inspectorate Wales on Covid-19 and other deaths of Welsh care home residents.

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Covid-19 in Welsh Care Homes – Update 30 June 2020

Sector:Public Policy
Client:N/A
Published: 30 June, 2020
Document type:

This is a one page briefing that summarise the latest weekly data from Care Inspectorate Wales on Covid-19 and other deaths of Welsh care home residents.

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Apprenticeships and Social Mobility – June 2020

Sector:Education and Labour Markets
Client:Social Mobility Commission
Published: 24 June, 2020
Document type:

London Economics were commissioned by the Social Mobility Commission to undertake an analysis of the impact of the Apprenticeship Levy on the outcomes of learners from disadvantaged backgrounds. Announcing the publication of the report, the Commission said that the apprenticeship system is failing disadvantaged young people and Covid-19 will make it worse. Learners from disadvantaged […]

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Covid-19 in Welsh Care Homes – Update 23 June 2020

Sector:Public Policy
Client:N/A
Published: 23 June, 2020
Document type:

This is a one page briefing that summarise the latest weekly data from Care Inspectorate Wales on Covid-19 and other deaths of Welsh care home residents.

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Covid-19 in Welsh Care Homes – Update 16 June 2020

Sector:Public Policy
Client:N/A
Published: 16 June, 2020
Document type:

This is a one page briefing that summarises the latest weekly data from Care Inspectorate Wales on Covid-19 and other deaths of Welsh care home residents.

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The COVID-19 Long-Term Care Situation in Wales – 15th June 2020

Sector:Public Policy
Client:N/A
Published: 15 June, 2020
Document type:

This report uses available evidence from the Office for National Statistics and Care Inspectorate Wales to document the impact of COVID-19 on long-term care recipients in Wales. The document is available through the International Long Term Care Policy Network’s COVID-19 page, which was set up in March 2020 as a rapidly shared collection of resources […]

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Covid-19 in Welsh Care Homes – Update 9 June 2020

Sector:Public Policy
Client:N/A
Published: 09 June, 2020
Document type:

This is a one page briefing that summarise the latest weekly data from Care Inspectorate Wales on Covid-19 and other deaths of Welsh care home residents.

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Covid-19 in Welsh Care Homes – Update 2 June 2020

Sector:Public Policy
Client:Welsh Government
Published: 2 June, 2020
Document type:

This is a one page briefing that summarise the latest weekly data from Care Inspectorate Wales on Covid-19 and other deaths of Welsh care home residents.

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Covid-19 in Welsh Care Homes – Update 26 May 2020

Sector:Public Policy
Client:N/A
Published: 26 May, 2020
Document type:

This is a one page briefing that summarise the latest weekly data from Care Inspectorate Wales on COVID-19 and other deaths of Welsh care home residents. Please click the link above to download.

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The Scottish Space Cluster – May 2020

Sector:Space
Client:Scottish Enterprise
Published: 20 May, 2020
Document type:

Scottish Enterprise commissioned London Economics to identify the size, capabilities, strengths, opportunities, potential growth and trends of the Scottish Space industry. Overall, the size of the Scottish Space industry is estimated at £254m in 2017/18, suggesting 12% per annum growth in real terms since 2012/13. This income supports Gross Value Added of £880m and 8,000 […]

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Impact of the Covid-19 Pandemic on University Deferral Rates and Student Switching – May 2020

Sector:Education and Labour Markets
Client:University and College Union
Published: 20 May, 2020
Document type:

As part of our ongoing work with the University and College Union on university finances, London Economics commissioned YouthSight to survey undergraduate applicants to assess the potential impact of the Covid-19 pandemic on UK higher education enrolments. We asked respondents two questions about attitudes towards deferral – one relating to a ‘business as usual’ scenario […]

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Earth Observation: a Tool for a More Resilient and Sustainable World?

Sector:Space
Client:N/A
Published: 12 May, 2020
Document type:

As the world restarts and enters the next phase of the global pandemic, the question of “how to avoid the next crisis?” emerges. In this second issue of Space in Focus, former London Economics Senior Consultant Romain Esteve presents new data on the European EO industry and explores how EO data can be used to […]

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MarRINav: Cost Benefit Analysis – April 2020

Sector:Space
Client:European Space Agency (ESA)
Published: 17 April, 2020
Document type:

The MarRINav project explores the vulnerabilities of GNSS as a position, navigation and timing solution. The project, funded by the European Space Agency and led by Blue Economy solutions company NLA International Ltd, is also researching systems complementary to GNSS that add layers of integrity and resilience. London Economics’ contribution consisted in analysing the economic […]

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The State of Commercial Earth Observation – May 2020

Sector:Space
Client:European Space Agency (ESA)
Published: 12 May, 2020
Document type:

London Economics was commissioned by the European Space Agency to quantify the size of the Earth Observation (EO) market and NewSpace EO markets across Europe. The results of this study provides a basis for tracking industry growth and the emergence of new entrants across the value chain at a national level. The results are the […]

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Impact of the Covid-19 Pandemic on University Finances – May 2020

Sector:Education and Labour Markets
Client:Wonkhe
Published: 1 May, 2020
Document type:

Following the publication of the London Economics’ report for University and College Union on the potential impact of the Covid-19 pandemic on UK higher education institutions’ enrolments and finances, we were asked to present a summary of the analysis by higher education think-tank Wonkhe. The summary presentation providing the key findings is available to download […]

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Qualified for the Future: Quantifying Demand for Arts, Humanities and Social Science Skills – May 2020

Sector:Education and Labour Markets
Client:British Academy
Published: 7 May, 2020
Document type:

Graduates in the arts, humanities and social sciences are just as employable as their counterparts in STEM subjects, fuel some of the fastest-growing sectors in the UK and enjoy rewarding careers in a wide range of sectors. These are the key findings of a new British Academy report examining the employment prospects of graduates from different subject […]

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Impact of the Covid-19 Pandemic on University Finances – April 2020

Sector:Education and Labour Markets
Client:University and College Union
Published: 23 April, 2020
Document type:

London Economics were commissioned by the University and College Union to consider the potential impact of the Covid-19 pandemic on UK higher education institutions’ enrolments and finances. Combining the impact of the economic downturn with the expected deferral rate due to the uncertainty caused by the pandemic, compared to 2018-19 first year enrolments, approximately 232,000 […]

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The UK Space Sector: Insights and Opportunities – March 2020

Sector:Space
Client:N/A
Published: 12 March, 2020
Document type:

Senior Economic Consultant, Farooq Sabri presented at “The UK Space Sector: Insights and Opportunities” held at the Silverstone Technology Cluster on 12th March 2020.   In his presentation “Growth Opportunities Across the Space Supply Chain” he highlighted key market trends for advanced manufacturing in the space sector and identified growth opportunities for UK companies. For […]

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Feasibility Study into the Viability of Establishing a No-Interest Loans Scheme (NILS) in the UK – March 2020

Sector:Consumer markets and protection
Client:HM Treasury
Published: 11 March, 2020
Document type:

London Economics has completed a feasibility study into the viability of establishing a no-interest loans scheme in the UK for HM Treasury. Based on wide stakeholder consultations, desk-based research and analysis of various datasets, this study examined various options for potential access and eligibility criteria for the scheme, how such a scheme might be structured, […]

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Westminster Legal Policy Forum – Behavioural Research in Legal Services

Sector:Public Policy
Client:N/A
Published: 04 March, 2020
Document type:

Dr Ashwini Natraj presented LE’s behavioural research on consumer decision-making when searching for legal services at the Westminster Legal Forum on 25th February.

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Measuring and Comparing Economic Resilience Within the UK Agri-food and Drink Industry – February 2020

Sector:Public Policy
Client:Food Standards Agency (FSA)
Published: 18 February, 2020
Document type:

London Economics were commissioned by the Food Standards Agency (FSA) to investigate how the UK agri-food and drink industry responds across the supply chain to a broad set of economic risks and challenges. How well each sub-sector in the industry is able to respond to these challenges reflects how resilient the sub-sector is.   The […]

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Evaluation of Data Pitch – January 2020

Sector:Entrepreneurship & SMEs
Client:Data Pitch (Horizon 2020)
Published: 24 January, 2020
Document type:

Data is an important driver of innovation and productivity. The key to a productive data ecosystem is to enable reuse of data and integration with other datasets in a data value chain, which can include open, closed, and shared datasets. This means rethinking access to data and creating opportunities for data owners to work with […]

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Economic Evaluation of the International Partnership Programme (IPP): Economic Return to the UK – October 2019

Sector:Space
Client:UK Space Agency
Published: 8 October, 2019
Document type:

The International Partnership Programme (IPP) is a five year, £30 million per year programme run by the UK Space Agency (UKSA). IPP focuses strongly on using the UK space sector’s research and innovation strengths to deliver sustainable economic or societal benefits to emerging and developing economies around the world. his report quantifies a secondary objective […]

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Economic Evaluation of the International Partnership Programme (IPP): Cost Effectiveness Analysis – October 2019

Sector:Space
Client:UK Space Agency
Published: 8 October, 2019
Document type:

The International Partnership Programme (IPP) is a five year, £30 million per year programme run by the UK Space Agency (UKSA). IPP focuses strongly on using the UK space sector’s research and innovation strengths to deliver sustainable economic or societal benefits to emerging and developing economies around the world. The aim of this study is […]

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Spillovers in the Space Sector

Sector:Space
Client:UK Space Agency
Published: March, 2018
Document type:

London Economics were commissioned by the UK Space Agency to review the evidence of spillovers in the space industry and assesses the impact of several programmes that have received Agency funding. This report presents the results of this study. The report can be found here.

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Economic Evaluation of the Space for Smarter Government Programme (SSGP)

Sector:Space
Client:UK Space Agency
Published: March, 2018
Document type:

This study assesses the economic impact of the UK Space Agency’s Space for Smarter Government Programme (SSGP) on industry (as contract recipients) and government (as end users). Potential benefits to public sector amount to over £40 million per annum, including operational cost savings (£27.8 million), exceptional cost avoidance (£9.2 million) and catalytic benefits (£4.1 million). […]

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Study to Assess the Future Potential Market and Value-chain of Space Resources Utilisation (SRU) – December 2018

Sector:Space
Client:European Space Agency (ESA)
Published: December, 2018
Document type:

As part of a consortium of companies from four European countries, London Economics estimated the socio-economic benefits of space resource utilisation for the Luxembourg Government through ESA. Considering fuel, water for life support and materials for equipment and infrastructure, the potential benefits of space resource utilisation is counted in the tens of billions. The full […]

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Size and Health of the UK Space Industry 2018

Sector:Space
Client:UK Space Agency
Published: 2019
Document type:

The UK Space Agency commissioned LE for the third time to update the government’s reference analysis on the UK space industry, including various breakdowns of turnover by satellite type, value chain segment and region. The 2018 edition of the study also included overviews on Gross Value Added (GVA) and employment throughout the UK space industry […]

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Understanding the Economic Impact of Skills Gaps – February 2020

Sector:Education and Labour Markets
Client:Pearson
Published: 10 February, 2020
Document type:

London Economics were commissioned by Pearson to investigate the impact of skills gaps on the performance of UK businesses using data from the 2017 Employer Skills Survey (ESS).   A skills gap exists when an employee is deemed to be not fully proficient by their employer. Using information from the 2017 Employer Skills Survey (covering […]

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LEO Satcoms in the NewSpace Era: Key to the Mass Market or Empty Promise?

Sector:Space
Client:N/A
Published: 6 February, 2020
Document type:

Satellites have long occupied a small niche within the telecommunications ecosystem, but this could change with the arrival of High-Throughput Satellites and mass constellation LEO. Disruptive NewSpace operators pin their hopes on providing mass market broadband to the ‘unconnected’ world, but questions remain over the size of these markets, the cost of user technologies, and […]

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Regulatory Cost Faced by UK Insurance Brokers – January 2020

Sector:Regulatory economics
Client:British Insurance Brokers’ Association
Published: 21 January, 2020
Document type:

London Economics conducted for the British Insurance Brokers Association (BIBA) in late 2019 a study on the regulatory costs faced by UK insurance brokers and key findings of the study were published on 21 January 2020 in BIBA’s 2020 Manifesto. The most striking finding of the study was that, according to insurance brokers having responded […]

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Exploring Trends in Apprenticeship Training Around the Introduction of the Apprenticeship Levy: Emerging Evidence Using a Matched Apprentice-Employer Dataset – January 2020

Sector:Education and Labour Markets
Client:Department for Education
Published: 27 January, 2020
Document type:

As part of the Centre for Vocational Education Research, London Economics and the University of Sheffield undertook an in-depth analysis of the available evidence on the composition and distribution of apprenticeship training undertaken in England in recent years (before and after the introduction of the Apprenticeship Levy). To achieve this, we developed a matched apprentice-employer […]

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The State of Girls’ Rights in the UK

Sector:Public Policy
Client:Plan International
Published: 17 January, 2020
Document type:

London Economics was pleased to support Plan International in the State of Girls Rights in the UK 2019 – 2020. LE’s role was to update and the expand the local authority index which ranks local authorities in terms of the best and worst place to be a girl. You can download the report here.   […]

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Accompanying Study to the EUROPEAN SME INNOVATION ASSOCIATE – PILOT ACTION – November 2019

Sector:Public Policy
Client:EC DG EASME
Published: 12 November, 2019
Document type:

The study undertaken by a consortium comprising CARSA, Ramboll, LE Europe, DIW Econ and Ecorys evaluates the functioning and impact of the pilot of the European SME Innovation Associate program. LE Europe estimated the scale of the program that would be required to address the skills gap currently faced by EU SMEs undertaking innovation activities […]

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NewSpace: Bringing the New Frontier Closer to Home

Sector:Space
Client:Lloyd’s
Published: 4 December, 2019
Document type:

London Economics was commissioned by Lloyd’s to provide an overview of current and future developments in the space sector. The report provides comprehensive analysis of the upstream sector so that risk managers in companies that are or will be involved in the industry, and all Lloyd’s market stakeholders, can begin to understand the potential impacts […]

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2018/2019 SME Annual Report – Research & Development and Innovation by SMEs – November 2019

Sector:Space
Client:EC DG EASME / EC DG GROWTH
Published: 27 November, 2019
Document type:

The annual report, prepared on a yearly basis as part of the SME Performance Review, provides a synopsis of the size, structure and importance of SMEs to the European economy and an overview of the past and forecasted performance of SMEs from 2008 to 2021. Comparisons with partner countries outside the EU and with the […]

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2018/2019 SME Annual Report – Research & Development and Innovation by SMEs – November 2019

Sector:Space
Client:EC DG EASME / EC DG GROWTH
Published: 27 November, 2019
Document type:

The annual report, prepared on a yearly basis as part of the SME Performance Review, provides a synopsis of the size, structure and importance of SMEs to the European economy and an overview of the past and forecasted performance of SMEs from 2008 to 2021. Comparisons with partner countries outside the EU and with the […]

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The Secret Sauce of CX – Subscription Strategies to Win Customer Loyalty

Sector:Behavioural Economics
Client:DIXA
Published: 25 November, 2019
Document type:

LE’s Dr Charlotte Duke was delighted to participate in the DIXA Connect Subscription Strategies to Win Customer Loyalty event in London, November 2019. Download her presentation here.

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The Economic and Social Impact of the University of Birmingham on the City of Guangzhou

Sector:Education and Labour Markets
Client:University of Birmingham
Published: 23 October, 2019
Document type:

The University of Birmingham has a long-standing history of cooperation with the Chinese city of Guangzhou, covering research, education, public health, and capacity building programmes. London Economics were commissioned to estimate the economic impact on the Chinese economy generated by the University of Birmingham’s collaborative activities in Guangzhou in these areas. Our analysis of this […]

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General Insurance Pricing Practices October 2019

Sector:UK Government
Client:Financial Conduct Authority
Published: 4 October, 2019
Document type:

The Financial Conduct Authority commissioned London Economics (with subcontractors YouGov and Kudos Research) to carry out a study on consumers’ attitudes, search and switching behaviour in home and motor insurance. London Economics was lead contractor, responsible for refining the survey design, project management and reporting. LE also designed a stated preference component assessing consumers’ valuation […]

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Consumers’ Engagement in the Circular Economy: Results from a Large Scale Behavioural Experiment and Survey in the EU

Sector:Behavioural Economics
Client:European Commission – Consumers Health and Food Executive Agency (CHAFEA)
Published: 03 October, 2019
Document type:

Divisional Director James Suter presented LE Europe’s study for the European Commission on consumer behaviour in the Circular Economy at the 2019 PLATE (Product Lifetimes and the Environment) conference on 20th September 2019 in Berlin. James explained how the findings of the study could be used by policy makers to increase consumers’ engagement in various […]

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CVER Discussion Papers Published – September 2019

Sector:Education and Labour Markets
Client:N/A
Published: August, 2019
Document type:

The Centre for Vocational Educational Research, established in March 2015, brings together 4 partners who are experts in the educational arena, including London Economics. Recently, two discussion papers looking at labour market outcomes and progression in further education. More details and links to the papers are provided below.   Labour market outcomes disaggregated by subject […]

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Industry 4.0 and the Future of UK Space Manufacturing – July 2019

Sector:Space
Client:Innovate UK
Published: 25 July, 2019
Document type:

London Economics was commissioned by Innovate UK, the UK’s Innovation Agency, to undertake a study to explore the future opportunities and challenges around adoption of Industry 4.0 technologies in the UK Space Manufacturing sector. The study assists Innovate UK and the UK Government to better understand how UK Space Manufacturing can benefit from, and fit […]

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Assessing the Economic Returns to Level 4 and 5 STEM-based Qualifications – July 2019

Sector:Education and Labour Markets
Client:Gatsby Foundation
Published: 16 July, 2019
Document type:

London Economics were commissioned by the Gatsby Foundation to undertake an assessment of the net graduate premium and net Exchequer benefit associated with Higher Technical Education qualifications at Level 4 and Level 5. For full-time students, the analysis suggests that the net benefits to students undertaking specific STEM-based qualifications at Level 4/5 are substantial (and […]

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IPPR Economics Prize – Winning Entry

Sector:Public Policy
Client:Institute for Public Policy Research
Published: 10 July, 2019
Document type:

London Economics are delighted to announce that 7 members of our team have been awarded joint first prize in the Institute for Public Policy Research’s Economics Prize. This is the third largest prize in the economics discipline in the world, and is aimed at developing a roadmap for sustainable and inclusive growth across the United […]

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Counting the Cost of the Augar Review – July 2019

Sector:Public Policy
Client:N/A
Published: 2 July, 2019
Document type:

Following the publication of the Augur Review in May 2019, London Economics undertook a detailed analysis of the Review’s core recommendations for higher education funding on the Treasury, universities, students and graduates. Focusing on the resource flows associated with the 2018/19 cohort of first-year English-domiciled undergraduate students (studying anywhere in the UK) and EU-domiciled students […]

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Presentation of LE-Europe’s Behavioural Study on the Digitalisation of the Marketing and Distance Selling of Retail Financial Services

Sector:Behavioural Economics
Client:European Commission
Published: 18 June, 2019
Document type:

Divisional Director James Suter presented LE-Europe’s behavioural study on the digitalisation of the marketing and distance selling of retail financial services at the joint CEPS-ECRI/European Commission conference on protecting consumers taking credit in the digital era, in Brussels on 18th June 2019. This study examines the impacts on consumers of practices used by providers of […]

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Assessing the Impact of the Augur Review – on the Exchequer, Higher Education Institutions, Students and Graduates

Sector:Public Policy
Client:Universities UK
Published: 14 June, 2019
Document type:

Following the publication of the Augur Review in May 2019, London Economics were commissioned by Universities UK to estimate the impact of the Review’s core recommendations for higher education funding on the Treasury, universities, students and graduates. Focusing on the resource flows associated with the 2018/19 cohort of first-year English-domiciled undergraduate students (studying anywhere in […]

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Behavioural Study on the Digitalisation of the Marketing and Distance Selling of Retail Financial Services – April 2019

Sector:Data & technology
Client:European Commission – Consumers Health and Food Executive Agency (CHAFEA)
Published: 10 April, 2019
Document type:

The study looked into the impacts on consumers of practices used by providers of retail financial services when marketing and selling their products online. Moreover, it suggested ways to improve how consumers are informed when looking to obtain financial products, such as consumer credit or bank accounts, on the internet. Some of the main findings: […]

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Independent Assessment of the Open Data Institute’s Work on Data Trusts and on the Concept of Data Trusts – April 2019

Sector:Public Policy
Client:Open Data Institute
Published: 16 April, 2019
Document type:

As part of the ODI’s work on data trusts, LE provided an external assessment of the concept of data trusts, focusing on their economic function. The rationale for government support for data trusts as new a data sharing mechanism is framed in terms of their contribution to productivity, and development of AI and data-driven innovation […]

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Study on the Economic Impact of a Legislative Requirement for the Right to Data Portability in Singapore

Sector:Public Policy
Client:Singapore Personal Data Protection Commission (PDPC)
Published: 25 February, 2019
Document type:

Singapore’s Personal Data Protection Commission (PDPC) commissioned London Economics to conduct a study of the issues surrounding a potential data portability requirement in Singapore, including the impact on consumers, businesses and competition. LE provided a theoretical framework for understanding the economic effects of data portability and carried out a review of data portability rules in […]

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BBC Radio 4 – The University Time Bomb – March 2019

Sector:Education and Labour Markets
Client:BBC Radio 4
Published: 03 April, 2019
Document type:

London Economics recently contributed to the BBC Radio 4 series The Great University Time Bomb. The two-part series hosted by Branwen Jeffreys addressed the many financial issues currently facing the higher education sector ahead of the Augar Review of higher education fees and funding and the Office for National Statistics assessment of student loan accounting treatment. Episode 1 […]

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Future Options for Managing Customer Demand for Water – March 2019

Sector:Regulatory economics
Client:Yorkshire Water
Published: 21 March, 2019
Document type:

Yorkshire Water commissioned London Economics to write a paper on interventions to manage water demand with a special focus on interventions which use behavioural economics. The paper also assessed the effectiveness of temporary use bans (TUBs), commonly known as ‘hosepipe bans’, which must be introduced in times of severe droughts. A rapid evidence assessment of […]

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The UK Tax Revenues from International Graduates – March 2019

Sector:Education and Labour Markets
Client:HEPI/KAPLAN
Published: 21 March, 2019
Document type:

London Economics were commissioned by the Higher Education Policy Institute (HEPI) and Kaplan International Pathways to undertake a detailed analysis of taxation receipts accrued by the United Kingdom Exchequer associated with international graduates in the UK labour market post graduation. The analysis focuses on the expected income tax, National Insurance and VAT contributions generated by the 235,325 international students commencing their studies in […]

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Analysis of the Value of Positioning Services in Denmark – March 2019

Sector:Space
Client:The Danish Agency for Data Supply and Efficiency
Published: 20 March, 2019
Document type:

Danish press release Danish report The Danish Agency for Data Supply and Efficiency commissioned London Economics to analyse the value of positioning services to Danish society. The report primarily covers Global Navigation Satellite Systems (GNSSs) that have emerged as a standard technology for positioning across the globe but does not omit the alternatives. Expected developments […]

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Denmark’s Economic Vulnerability to a Loss of Satellite-based PNT – March 2019

Sector:Space
Client:Danish Inter-Governmental Space Committee
Published: 20 March, 2019
Document type:

Danish press release Report in English with Danish summary London Economics were commissioned by the Danish Inter-Governmental Space Committee to analyse Denmark’s dependence on Global Navigation Satellite Systems (GNSS) for Positioning, Navigation, and Timing (PNT). As a modern society, Danish economic agents use GNSS for an increasing number of applications, and the report investigates the […]

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Wonkhe Podcast on Higher Education

Sector:Public Policy
Client:N/A
Published: 15 March, 2019
Document type:

Listen to London Economics discussing the implications for higher education of the March 2019 OBR Fiscal Outlook and Spring Statement, university accommodation, essay mills and HESA Data Futures: Data, housing, funding and cheating  

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Fees, Funding and Fairness – Understanding and Estimating the Costs Associated with the Student Support Offer

Sector:Education and Labour Markets
Client:AdvanceHE
Published: 07 March, 2019
Document type:

In light of the Augar Review, London Economics were asked by AdvanceHE to present an analysis of the main issues affecting higher education fees and funding. The analysis presents some estimates of the potential impact associated with a reduction in the tuition fee level (to £7,500) as well as the reintroduction of maintenance grants.  We […]

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Understanding Customer Values – Behavioural Experiment Report – March 2019

Sector:Regulatory economics
Client:Yorkshire Water
Published: 6 March, 2019
Document type:

This study was undertaken for Yorkshire Water, as subcontractor to Aecom, to understand the values customers place on water service attributes as part of the 2019 price review process. London Economics conducted an online behavioural experiment to examine customers’ willingness to pay for service improvements and the impact of various framing treatments on customers’ valuations. […]

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The Economic, Social and Cultural Impact of the University of York – January 2019

Sector:Education and Labour Markets
Client:University of York
Published: 09 January, 2019
Document type:

We were commissioned by the University of York to analyse its economic, social and cultural impact across the United Kingdom, focusing on the University’s activities in the 2016-17. The analysis focused on four major strands of economic impact. Specifically, in addition to the direct, indirect and induced impact associated with the University of York’s physical […]

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Your Future | Their Future: Impact of the Department for Education’s Marketing Campaign – January 2019

Sector:Education and Labour Markets
Client:Department for Education
Published: 07 January, 2019
Document type:

London Economics were commissioned by the Department for Education to assess the impact and cost effectiveness of the Your Future | Their Future marketing campaign aimed at improving teacher recruitment in England. Combining information on website hits and website registrations, UCAS applications and marketing activities (and costs) over the period from 1st September 2012 to […]

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Estimating the Costs Associated with the Student Support Offer – December 2018

Sector:Education and Labour Markets
Client:N/A
Published: 10 December, 2018
Document type:

Following publication in the Telegraph of some possibilities emerging from the Augar review, London Economics have estimated the economic cost associated with reducing annual tuition fees to £6,500 (with no additional Teaching grant); removing real interest rates; and reducing the repayment threshold to £21,000. The result is a £2.8 billion reduction in funding (per cohort) […]

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Impact of the ONS Review on the Deficit – December 2018

Sector:Education and Labour Markets
Client:N/A
Published: 10 December, 2018
Document type:

On 17th December 2018, the Office for National Statistics is expected to publish its recommendation on its review of the National Accounting treatment of student loans. This guidance will have significant consequences for the possible recommendations of the Augar Review, as well as the ability of the Government to implement any of those recommendations. Given […]

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2017/2018 SME Annual Report – SME Growing Beyond Borders – November 2018

Sector:Education and Labour Markets
Client:EC DG Growth
Published: 26 November, 2018
Document type:

The annual report, prepared on a yearly basis as part of the SME Performance Review, provides a synopsis of the size, structure and importance of SMEs to the European economy and an overview of the past and forecasted performance of SMEs from 2008 to 2020. Comparisons with partner countries outside the EU and with the […]

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Pre-contractual Information in Retail Energy Markets – Experimental Consumer Research – October 2018

Sector:Energy
Client:EC DG Justice and Consumers
Published: 06 November, 2018
Document type:

The European Commission commissioned LE Europe, Deloitte and Ipsos to study pre-contractual information in retail energy markets. The study used desk research, stakeholder consultations, a consumer survey and a behavioural experiment to understand consumers’ decision-making, attitudes and switching behaviour, and how to improve clarity and comparability in energy prices, consumption and contractual information. The study […]

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Fees, Funding and Fairness – Estimating the Costs Associated with the Student Support Offer – November 2018

Sector:Education and Labour Markets
Client:Wonkhe
Published: 05 November, 2018
Document type:

London Economics presented an analysis of some of the factors affecting higher education fees and funding; the potential alternatives that might be possible; as well as the role of the ONS’ treatment of student loans in the National Accounts at the 2018 WONKFEST annual conference.

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Behavioural Study on Consumers’ Engagement in the Circular Economy – October 2018

Sector:Behavioural Economics
Client:European Commission – Consumers Health and Food Executive Agency (CHAFEA)
Published: 23 October, 2018
Document type:

The objective of this study was to provide policy-relevant insights on consumers’ engagement in the circular economy. The study involved several research tasks including a literature review across all EU countries as well as third countries, stakeholder interviews, consumer focus groups in 4 EU countries, an online consumer survey in 12 EU countries and an […]

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The Economic and Social Impact of Cardiff University in 2016-17

Sector:Education and Labour Markets
Client:Cardiff University
Published: 16 October, 2018
Document type:

London Economics were commission by Cardiff University to estimate their economic and social impact in 2016-17 following two previous pieces of research relating to 2012-13 and 2014-15. Teaching more than 16,315 first-year students in 2016-17, and employing 5,875 full-time equivalent staff, the total economic impact associated with Cardiff University’s activities across the UK was estimated […]

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Understanding the Limitations of Graduate Outcome Measures in Higher Education – September 2018

Sector:Education and Labour Markets
Client:GuildHE
Published: 8 October, 2018
Document type:

The structure and level of higher education student support funding continue to be key policy questions for the UK Government. Perceived as financially unstable, the current arrangements have recently been the subject of numerous Parliamentary reports on higher education fees and funding. In parallel to these reviews of the current structure of student support arrangements, […]

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Press Release – Price and Service Transparency on Barristers’ Websites – Experimental Consumer Research – September 2018

Sector:Public Policy
Client:The Bar Standards Board
Published: 14 September, 2018
Document type:

The Bar Standards Board commissioned London Economics and YouGov to study consumer behaviour and attitudes towards barristers’ price and service transparency. The study used focus groups and a behavioural experiment to understand how consumers access, assess and act on price and service information when searching for barristers’ services. The Bar Standards Board will use the […]

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Price and Service Transparency on Barristers’ Websites – Experimental Consumer Research – September 2018

Sector:Public Policy
Client:The Bar Standards Board
Published: 13 September, 2018
Document type:

The Bar Standards Board commissioned London Economics and YouGov to study consumer behaviour and attitudes towards barristers’ price and service transparency. The study used focus groups and a behavioural experiment to understand how consumers access, assess and act on price and service information when searching for barristers’ services. The Bar Standards Board will use the […]

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Online Market Segmentation – Experimental Consumer Research and Economic Valuation – August 2018

Sector:Data & technology
Client:EC DG Justice and Consumers
Published: 13 September, 2018
Document type:

The European Commission commissioned LE Europe, Deloitte and Ipsos to study online personalised pricing and offers and targeted advertising. The study used desk research, stakeholder consultations, mystery shopping, a consumer survey and a behavioural experiment to understand how e-commerce websites use consumers’ personal information, and consumers’ attitudes and behaviour when faced with personalisation online. The […]

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Estimating the Returns to Part-time Undergraduate Degrees – September 2018

Sector:Public Policy
Client:The Open University
Published: 10 September, 2018
Document type:

London Economics were commissioned by The Open University to undertake an analysis of the net graduate premium and net Exchequer benefit associated with undergraduate degrees undertaken on a part-time basis. The key findings indicated that The net graduate premium achieved by a representative English-domiciled student in the 2015-16 cohort completing a part-time undergraduate degree at […]

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The Economic Impact of Group of Eight Universities (Australia)

Sector:Education and Labour Markets
Client:Group of Eight (Australia)
Published: 15 August, 2018
Document type:

London Economics were commissioned by the Group of Eight universities in Australia to undertake an analysis of the economic contribution of their members universities to the Australian economy. The analysis focused on the 2016 academic year, and estimated the impact associated with the universities’ world-class research, the direct, indirect and induced impacts of the institutions’ expenditures, educational exports and the […]

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Estimating the Economic Impact of FDI to Support DIT’s Promotion Strategy: Analytical Report – August 2018

Sector:International trade & investment
Client:Department for International Trade
Published: 06 August, 2018
Document type:

London Economics were commissioned by the Department for International Trade (DIT) to estimate the economic impacts of FDI on the UK economy. The results will be used by the DIT to support their value-based investment promotion strategy. The analysis was undertaken in partnership with the DIT and academics at the University of Nottingham. It explored […]

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Value of Satellite-derived Earth Observation Capabilities to the UK Government Today and by 2020 – July 2018

Sector:Space
Client:Innovate UK
Published: 26 July, 2018
Document type:

London Economics were commissioned by Innovate UK to evidence the current and near-term potential value of satellite-derived Earth Observation (EO) capabilities to the UK government for civil and domestic purposes. The subsequent value to industry as a supplier of EO data and applications to UK government is also investigated. Using a combination of desk-based research […]

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Estimating the Costs Associated with the Student Support Offer – July 2018

Sector:Public Policy
Client:Wonkhe
Published: 03 July, 2018
Document type:

London Economics recently presented an analysis of the current higher education fees and funding arrangements – and possible alternatives – at the Wonkhe conference “Proceed with Caution”. The full presentation is available here.

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Reducing Roadside Litter Using Randomised Controlled Trials – June 2018

Sector:Regulatory economics
Client:Department for Transport
Published: 27 June, 2018
Document type:

London Economics produced a guide for conducting and evaluating randomised controlled trials (RCTs) for anti-littering actions on roads for the Department for Transport. The guide sets out, step-by-step, how to design, set up and implement a randomised controlled trial, as well as how to measure its success, focusing on the context of measures to reduce […]

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How to Double Savings Rates: A Case Study in Nudging for Good. The Behavioural Economics Guide 2018 – June 2018

Sector:Behavioural Economics
Client:behavioraleconomics.com
Published: 19 June, 2018
Document type:

London Economics in association with our partners Genesis Analytics are please to contribute to the 2018 edition of the international Behavioural Economics Guide. We present a case study of our behavioural insights work where we introduce nudges to encourage consumers to save more.

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Evaluation of Prisoner Learning – June 2018

Sector:Public Policy
Client:Department for Education and Ministry of Justice
Published: 07 June, 2018
Document type:

London Economics were commissioned by the Department for Education and Ministry of Justice to undertake an analysis of the OLASS4 offender learning in prisons. The analysis combined information from the Individualised Learner Record (on publicly funded training) with Ministry of Justice data relating to prisoners’ criminogenic characteristics and re-offending, as well as earnings and employment […]

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Settling the Counterfactual Debate: Is There a Preferable Counterfactual when Estimating the Returns to Vocational Qualifications? – April 2018

Sector:Education and Labour Markets
Client:Centre for Vocational Education Research
Published: 11 April, 2018
Document type:

Using information from the Longitudinal Education Outcomes (LEO) data set, it is now possible to compare the characteristics and estimates for learners with different qualifications encompassing both types of counterfactuals used in the extant literature: learners in possession of qualifications at the ‘level-below’ and learners enrolling in similar vocational qualifications but failing to achieve (‘non-achievers’). […]

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Asset Management Market Study – Experimental Consumer Research and Focus Groups – April 2018

Sector:Competition & Antitrust
Client:Financial Conduct Authority
Published: April, 2018
Document type:

As part of the FCA’s Asset Management Market study, London Economics conducted a behavioural experiment to test the impact of different ways of presenting information on charges on the extent that retail investors pay attention to charges in their decision-making. Treatments tested included: warning investors about the impact of charges a) via a written message […]

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Now You See It: Drawing Attention to Charges in the Asset Management Industry – April 2018

Sector:Competition & Antitrust
Client:Financial Conduct Authority
Published: April, 2018
Document type:

A behavioural experiment conducted by London Economics formed the basis of the FCA’s Occasional Paper ‘Now you see it: drawing attention to charges in the asset management industry’. Our experiment tested the impact of different ways of presenting information on charges on the extent that retail investors pay attention to charges in their decision-making. The […]

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Single Digital Gateway: How EU Could Meet Expectations of Citizens and Businesses? – March 2018

Sector:Public Policy
Client:European Commission
Published: 27 March, 2018
Document type:

A briefing by Dr Charlotte Duke for the European Commission on behalf of the Internal Market and Consumer Protection Committee on the European Commission’s proposed regulation for a Single Digital Gateway.

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Using Behavioural Science to Drive Behaviour Change in Reducing Risks of STIs – March 2018

Sector:Public Policy
Client:N/A
Published: 9 March, 2018
Document type:

Dr Annette Cerulli-Harms spoke at the Public Policy Exchange conference on Student Sexual Health and Well Being on March 8th 2018 about how behavioural economics can be used to change the way we speak about sexual health. Annette explained the relevance of behavioural economics and cognitive biases in the area of public health including sexual […]

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Estimating the Costs Associated with the Student Support Offer – February 2018

Sector:Education and Labour Markets
Client:London Economics’ Publication
Published: 19 February, 2018
Document type:

With the potential review of higher education approaching, London Economics have undertaken further modelling of the costs to the Exchequer associated with amending the interest charged on student loans, as well as the abolition of tuition fees. The analysis demonstrates that charging a 0% real rate of interest during study would cost the Exchequer £230 million per […]

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The Costs of Amending Student Support Arrangements – February 2018

Sector:Education and Labour Markets
Client:London Economics’ Publication
Published: 13 February, 2018
Document type:

With the potential review of higher education approaching, London Economics have modelled the costs to the Exchequer associated with a reduction in tuition fees to £6,000 and the re-introduction of maintenance grants. The analysis demonstrates that the cost of cutting fees stands at £1.169 billion per cohort, while maintenance grants cost £360 million. Importantly, despite […]

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Review of International Best Practice in the Production of Productivity Statistics – February 2018

Sector:Public Policy
Client:Office for National Statistics (ONS)
Published: 7 February, 2018
Document type:

London Economics and DIW Econ were commissioned by the Office for National Statistics (ONS) to examine the productivity measures that are published by other national and international statistical organisations (NISOs) around the world and includes information on the range, timeliness, detail and frequency of the productivity data they produce. The report summarises the productivity publications […]

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Statistical Background Information for the Independent Review of the Funding of Debt Advice in England, Wales, Scotland and Northern Ireland – January 2018

Sector:Public Policy
Client:Independent Review of the Funding of Debt Advice in England, Wales, Scotland and Northern Ireland
Published: 25 January, 2018
Document type:

London Economics was commissioned by the Independent Review of the Funding of Debt Advice in England, Wales, Scotland and Northern Ireland to provide an extensive statistical background document describing development of household debt at both a macro and micro level, the problems that high debt levels cause for individuals and households, the supply of debt […]

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Privatisation of Electricity Transmission and Distribution Companies in Sultanate of Oman – January 2018

Sector:Energy
Client:NAMA (Electricity Holding Company)
Published: 20 January, 2018
Document type:

London Economics has been appointed by NAMA as co-leader with Lazard Frères (Paris) for the privatisation of 5 electricity companies (4 distribution companies and 1 transmission company) of the Sultanate of Oman. LE is responsible for the preparation of the transaction structuring report which sets out the recommendations for the structure of the sale(s), undertaking […]

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The Costs and Benefits of International Students by Parliamentary Constituency – January 2018

Sector:Education and Labour Markets
Client:HEPI/KAPLAN
Published: 11 January, 2018
Document type:

Given the continuing political debate about the inclusion of international students in UK migration targets, and the limited number of analyses of their net economic impact to date, London Economics were commissioned by the Higher Education Policy Institute (HEPI) and Kaplan International Pathways to undertake a detailed analysis of both the benefits and costs to […]

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Research into the Experiences and Effectiveness of Solicitors’ First Tier Complaints Handling Processes – January 2018

Sector:Behavioural Economics
Client:The Solicitors Regulation Authority (SRA)
Published: 08 January, 2018
Document type:

The Solicitors Regulation Authority (SRA) and Legal Ombudsman jointly commissioned London Economics and YouGov to undertake research into solicitors’ handling of first tier complaints. The study used a consumer survey, a survey of firms and depth interviews with firms and consumers, to understand consumers’ and solicitors’ experiences of the complaints process. The research identified recommended […]

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The Payoff to Vocational Qualifications: Reconciling Estimates from Survey and Administrative Data – December 2017

Sector:Education and Labour Markets
Client:Centre for Vocational Education Research
Published: November, 2017
Document type:

Estimating the wage differentials associated with particular qualifications has increasingly become part of the general ‘returns to education’ literature. Two particular strands of the literature looking at such qualifications can be identified: the first uses data on individuals obtained through representative sample surveys, such as the Labour Force Survey (LFS) in the UK, while the […]

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Wall Street Journal Reference to London Economics Study on Impact of Single Market – December 2017

Sector:Education and Labour Markets
Client:N/A
Published: 14 December, 2017
Document type:

An article published on December 13, 2017 in the WSJ on recent developments in the EU internal market (https://www.wsj.com/articles/from-german-faucets-to-italian-chocolate-trade-barriers-are-rising-again-in-europe-1513185466) cites the London Economics study The EU Single Market: Impact on Member States undertaken for  AMCHAM EU (http://www.amchameu.eu/sites/default/files/publications/files/amcham_eu_single_market_web.pdf).

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The EU Single Market: Impact on Member States – December 2017

Sector:Education and Labour Markets
Client:American Chamber of Commerce to the EU (AmCham EU)
Published: 14 December, 2017
Document type:

This study provides up-to-date quantitative assessments of the impact of the Single Market on five broad economic indicators (GDP , household consumption, business investment, employment, and productivity) in each of the Member States, and estimates the impact it could have in future, if integration was deepened by each Member State. The findings highlight that that […]

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Estimating the Costs Associated with the Student Support Offer – December 2017

Sector:Education and Labour Markets
Client:N/A
Published: 13 December, 2017
Document type:

London Economics’ modelling estimates that the recent decision of the government to raise the repayment threshold on student loan repayments to £25,000, alongside an increase in the interest rate thresholds will cost approximately £2.85 billion a cohort. Breaking down this estimate, the additional Exchequer expenditure includes £1.09 billion in costs associated with the lower level […]

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Consumer Behaviour Research for Legal Services – December 2017

Sector:Public Policy
Client:The Law Society
Published: 6 December, 2017
Document type:

The Law Society commissioned London Economics to undertake behavioural economic research into how consumers search for legal services. The study used a behavioural experiment, focus groups and depth interviews to investigate how consumers access, assess and act on information. The research helped the Law Society to better understand the most useful information that solicitors can […]

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An Economic Assessment of Skill Gaps on Firm Productivity – November 2017

Sector:Education and Labour Markets
Client:Filtered
Published: 27 November, 2017
Document type:

London Economics has undertaken research for Filtered, an online training platform, providing comprehensive insight into employer demand for skills driven by skills gaps. Using the 2015 wave of the Employer Skills Survey (ESS), we found that skills gaps have a significant effect on a number of business outcomes, including losing business to competitors, delaying development, […]

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Peer Effects and Social Influence in Post-16 Educational Choice – November 2017

Sector:Education and Labour Markets
Client:Centre for Vocational Education Research
Published: 20 November, 2017
Document type:

Following the increase in the education participation age, individuals are now required to study towards either a vocational or academic qualification until their 18th birthday once they have completed their GCSEs. However, there is currently relatively little understanding of the factors which determine which route learners choose to follow. Attainment in secondary school is clearly […]

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The Journey from Childhood Skills to Adult Financial Capability – Analysis of the 1970 British Cohort Study – November 2017

Sector:Education and Labour Markets
Client:Money Advice Service
Published: 20 November, 2017
Document type:

The Money Advice Service believes childhood and adolescence are vital times to influence future financial capability and that what happens in these years can have profound effects on financial outcomes. Too little is known about the factors in childhood and adolescence that contribute to long term financial outcomes. This research aims to contribute to filling […]

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The Earnings Differentials Associated with Vocational Education and Training Using the Longitudinal Education Outcomes Data – October 2017

Sector:Education and Labour Markets
Client:Centre for Vocational Education Research
Published: October, 2017
Document type:

For the first time, the matched Longitudinal Education Outcomes has been made available for analysis of qualification attainment and labour market outcomes in England. Using comprehensive information from different school, Further Education and Higher Education data sources, we estimate the association between achieving vocational qualifications at different levels of the Regulated Qualifications Framework and labour […]

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Economic Impact Evaluation of the Enterprise Finance Guarantee (EFG) Scheme – November 2017

Sector:Finance
Client:British Business Bank
Published: 20 November, 2017
Document type:

London Economics was commissioned by the British Business Bank to evaluate the Enterprise Finance Guarantee (EFG) scheme. The evaluation estimated the economic impact created by the EFG scheme, and provided a detailed cost benefit analysis which established the economic gains of the scheme to the UK economy. The main analysis was complemented by a survey […]

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Reforming Student Finance to Increase Fairness and Widen Access – November 2017

Sector:Education and Labour Markets
Client:The Sutton Trust
Published: 16 November, 2017
Document type:

London Economics was commissioned by the Sutton Trust to analyse the cost to graduates, higher education institutions and the Exchequer associated with a range of student support scenarios, including combinations of: means-tested tuition fees based on household income; the re-introduction of maintenance grants to 2015/16 levels before their abolition; and changes to the interest rates […]

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Annual Report on European SMEs 2016/17 – Focus on Self-employment and Companion Working Paper – November 2017

Sector:Education and Labour Markets
Client:EC DG Growth
Published: November, 2017
Document type:

The annual report, prepared on a yearly basis, provides a synopsis of the size, structure and importance of SMEs to the European economy and an overview of the past and forecasted performance of SMEs from 2008 to 2018. Comparisons with partner countries outside the EU and with the large enterprise sector are also included. The […]

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Study on Consumers’ Decision-making in Insurance Services: A Behavioural Economics Perspective – November 2017

Sector:Finance
Client:EC DG Justice and Consumers
Published: 7 November, 2017
Document type:

This study focused on consumers’ decision-making in the non-life insurance market when purchasing domestically and cross-border. It tested ways to help consumers make better decisions using a behavioural experiment, collected complementary data on the supply side of the market, and examined potential savings consumers could make.

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The Economic Impact of Russell Group Universities – November 2017

Sector:Education and Labour Markets
Client:The Russell Group
Published: 02 November, 2017
Document type:

London Economics were commissioned by the Russell Group to undertake an analysis of the economic contribution of their 24 members universities to the UK economy in 2015-16. The analysis estimated the impact associated with Teaching and Learning activity (here), world-class research (here), educational exports (here) and the direct, indirect and induced impact associated with the […]

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Analysis of the Potential Economic Impact of GDPR – October 2017

Sector:Data & technology
Client:N/A
Published: 30 October, 2017
Document type:

This study examines the potential economic impact of the General Data Protection Regulation (GDPR) in relation to the ambiguities created by the Information Commissioner’s Office (ICO) guidance on consent. Two elements of the guidance are analysed in detail: the prohibition of any form of opt-out consent and the requirement to name all third-parties that will […]

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The Economic and Societal Contribution of Hyundai and Kia in Europe – October 2017

Sector:Public Policy
Client:Hyundai Motor Company
Published: 23 October 2017
Document type:

This report provides a quantification of the economic and societal benefits deriving from the presence of Hyundai and Kia in Europe. The report draws on the most up-to-date data on the operations of Hyundai and Kia in Europe, as well as official and industry data sources. The focus of the report is on the direct […]

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Modern Transport Bill / Spaceflight Regulation Impact Assessment Analysis

Sector:Space
Client:UK Space Agency
Published: September, 2016
Document type:

London Economics provided on-site analytical support to the UK Space Agency to evaluate the economic and internal resource implications of regulating spaceflight in the UK. This included support to a cross-government Impact Assessment of the Modern Transport Bill, a report which was awarded the highest “green” rating for quality, and analysis of the impact of a […]

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Nanosatellite Telecommunications: A Market and System Study for Machine-to-Machine Applications

Sector:Space
Client:UK Space Agency
Published: September, 2017
Document type:

The emergence of Machine-to-Machine (M2M) and Internet of Things (IoT) applications to enable monitoring and control of remote assets has created a demand for low-cost satellite communications to provide global connectivity. Markets such as maritime, energy, logistics, transport and healthcare could considerably benefit from M2M applications. However, as this is an emerging domain, market demand […]

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GNSS Market Report Issue 5

Sector:Space
Client:European GNSS Agency
Published: May, 2017
Document type:

The GNSS market report is a comprehensive source of knowledge and information on the dynamic, global GNSS market. The report is published every two years, with the latest edition released in 2017. The report provides comprehensive, in-depth analysis of global trends, and the latest developments in terms of shipments, revenues and the installed base of […]

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The Economic Impact on the UK of a Disruption to GNSS

Sector:Space
Client:Innovate UK, UK Space Agency, Royal Institute of Navigation
Published: June, 2017
Document type:

GNSS provide signals from satellites orbiting in space to give us accurate information on positioning, navigation and timing. These systems have a large range of uses but, until now, the economic benefits have not always been well understood. This study aims to provide an answer in terms of estimated economic impact of a five day […]

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The Size & Health of the UK Space Industry 2016

Sector:Space
Client:UK Space Agency
Published: December, 2016
Document type:

Every two years, the UK Space Agency studies all organisations in the UK who supply and/or make use of space or satellite services – from upstream manufacturing right through to downstream satellite-enabled applications, including both commercial and non-commercial activities. The series of studies, titled the Size and Health of the UK Space Industry, represents the […]

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How is the Demand for Part-time Higher Education Affected by Changing Economic Conditions? – September 2017

Sector:Education and Labour Markets
Client:The Open University, Birkbeck University and London South Bank University
Published: 13 September, 2017
Document type:

There has been a substantial fall in the number of part-time students enrolled in higher education over the past decade, with the decline being particularly apparent amongst English higher education providers. In contrast, the number of full-time student enrolments has been on an upward trend. In parallel, the wider economy has seen both a deep […]

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Research and Analysis to Quantify the Benefits Arising from Personal Data Rights Under the GDPR – August 2017

Sector:Public Policy
Client:Department for Culture, Media and Sport
Published: 07 August, 2017
Document type:

The act of disclosing personal data typically takes place in an environment of incomplete and asymmetric information. This explains the crucial role of consumer confidence in enabling transactions that involve the disclosure of personal data. LE’s study for DCMS investigates the benefits of new individual rights introduced by the European General Data Protection Regulation (GDPR) […]

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The Impact of Student Loan Repayments on Graduate Taxes – July 2017

Sector:Education and Labour Markets
Client:University and College Union
Published: 20 July, 2017
Document type:

London Economics were commissioned by the University and College Union to assess the lifetime costs to higher education students associated with receiving and repaying student loans provided by Student Finance England. In addition to assessing the loan balance on graduation and repayments made, the analysis estimates the effective average and marginal tax rates associated with […]

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A Study of the Economic Impact of the Services Provided by the Bureau of Meteorology – July 2017

Sector:Public Policy
Client:Australian Bureau of Meteorology
Published: 11 July, 2017
Document type:

As part of the Australian Governments Functional and Efficiency Review of the Australian Bureau of Meteorology, London Economics undertook an economic impact assessment of the Bureau’s services to the Australian economy. Of the benefits that can be quantified, the analysis indicates a benefit-cost ratio of 11.6:1. That is, for every dollar spent on delivering Bureau […]

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Behavioral Economics Guide 2017

Sector:Consumer markets and protection
Client:behavioraleconomics.com
Published: 26 June, 2017
Document type:

London Economics is happy to announce that we are a corporate sponsor and contributor to the Behavioral Economics Guide 2017, which this year has a forward from Cass R. Sunstein of Harvard University. First released in 2014, this now yearly publication provides an introduction to the field, developments in the behavioural sciences, insights from practitioners, […]

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An Economic Evaluation of the National Careers Service – March 2017

Sector:Education and Labour Markets
Client:Department for Education
Published: March, 2017
Document type:

London Economics were commissioned by the Department for Education to undertake an evaluation of the National Careers Service. Using information on labour market histories from the HMRC, as well as learner information from the Individualised Learner Record, the analysis involved merging a range of data sets and implementing a Propensity Score Matching model to compare […]

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

Sector:Education and Labour Markets
Client:University of Birmingham
Published: 09 March, 2017
Document type:

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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Study on the Functioning of the Retail Electricity Markets for Consumers in the EU – February 2017

Sector:Regulatory economics
Client:EC DG Justice and Consumers
Published: 06 February, 2017
Document type:

The 2nd Electricity Market Study investigated electricity market functioning for consumers in the EU, Iceland and Norway. It assessed how market performance has developed since the 1st electricity market study conducted in 2010, and the extent to which consumers have the necessary tools to make rational and empowered choices. Its findings offer a clear insight […]

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The Use of Behavioural Insights in Consumer Policy – January 2017

Sector:Consumer markets and protection
Client:OECD
Published: 25 January, 2017
Document type:

The OECD has published its report on the use of Behavioural Economics in Consumer Policy. The report is informed by discussion at the OECD’s Behavioural Economics Roundtable, at which LE’s Dr Charlotte Duke was an invited speaker on her experience in using behavioural economics to test and design consumer policy.

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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:

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

Sector:Education and Labour Markets
Client:HEPI/KAPLAN
Published: 12 January, 2017
Document type:

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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Development of the Scottish Space Industry – December 2016

Sector:Space
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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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:

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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Annual Report on European SMEs 2015/16 – November 2016

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

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

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

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

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:Consumer markets and protection
Client:EC DG Justice and Consumers
Published: 21 November, 2016
Document type:

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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Evaluation of the Functioning of the European Fund for Strategic Investments (EFSI) – October 2016

Sector:Consumer markets and protection
Client:European Investment Bank
Published: October, 2016
Document type:

LE assisted the EIB evaluation team with the evaluation of the functioning of the EFSI. The key conclusions of the evaluation are that the fund is on track in terms of approvals in view of its target of mobilising EUR 315 billion of total investment in the real economy, but is lagging behind in terms […]

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Stakeholder Engagement on Complex and Long-run Issues in the Energy and Water Sectors – November 2016

Sector:Regulatory economics
Client:Sustainability First
Published: 14 November, 2016
Document type:

This paper for Sustainability First explores how different research approaches for engaging individual consumers can help uncover long-term public interest in complex areas. The paper covers both quantitative and qualitative methods, and includes behavioural experiments to test consumer responses to alternative interventions. The paper is of use to public interest advocates and energy and water […]

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The Social Value of the Post Office Network – November 2016

Sector:Regulatory economics
Client:Department for Business, Energy & Industrial Strategy
Published: November, 2016
Document type:

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IPID Consumer Testing and Design Work – August 2016

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

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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The Danish Space Economy 2016 – June 2016

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

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

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

Sector:Public Policy
Client:UNISON and National Union of Students
Published: 25 May, 2016
Document type:

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

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

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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Behavioural Experiments and Consumer Policy – April 2016

Sector:Consumer markets and protection
Client:N/A
Published: 11 April, 2016
Document type:

Dr Charlotte Duke spoke at the OECD Roundtable on behavioural insights  at the 91st session of the Committee on Consumer Policy (CCP). Charlotte discussed: Why are we observing such growth in the use of experiments in consumer policy making; What are the pitfalls to be aware of when using experiments in policy making; How may […]

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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:

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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Met Office, General Review – March 2016

Sector:Public Policy
Client:Met Office
Published: 23 March, 2016
Document type:

This economic study carried out by London Economics, part of a wider General Review of the Met Office, found that the Met Office could bring £30 billion of value to the UK over the next decade, which works out at £14 of benefit for every pound spent, when taking account of investment already committed.

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FCA Symposium: Competition Analysis with Realistic Behaviour – December 2015

Sector:Finance
Client:Financial Conduct Authority
Published: December, 2015
Document type:

LE’s Charlotte Duke participated in the FCA symposium: competition analysis with realistic behaviour. This forum brought together senior thinkers, researchers and policy makers to discuss the promotion of competition in financial services. During the day, delegates focussed on the research being done on Behavioural Industrial Organisation (BIO).

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An Examination of the Impact of the NMW on Earnings, the Bite and Wage Differentials

Sector:Public Policy
Client:Low Pay Commission
Published: February, 2016
Document type:

London Economics were commissioned by the Low Pay Commission to undertake an assessment of the ‘bite’ of the minimum wage. The first phase involved a statistical analysis to build an in-depth understanding of how the earnings distribution has changed over time in relation to changes in the National Minimum Wage (NMW), and how the distribution […]

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Understanding Consumer Vulnerability in the EU’s Key Markets – February 2016

Sector:Behavioural Economics
Client:European Commission
Published: 23 February, 2016
Document type:

This study for the European Commission provides a new definition of vulnerable consumers, a new methodology for measuring consumer vulnerability and new insights into the actual patterns of consumer vulnerability. The large scale study employed stakeholder consultations, consumer surveys, focus groups and behavioural experiments across the EU28 plus Iceland and Norway.

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Ofwat Vulnerability Focus Report – February 2016

Sector:Regulatory economics
Client:Ofwat
Published: 23 February, 2016
Document type:

Ofwat’s Vulnerability Focus report with supporting research by London Economics finds that vulnerability can take many forms, people can move in and out of vulnerability and anyone can find themselves in vulnerable circumstances at times in their life. The report is accompanied by a practitioners’ pack that aims to help water companies to identify customers […]

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Analysis and Effects of the Different Member States’ Customs Sanctioning Systems – February 2016

Sector:Public Policy
Client:European Parliament
Published: 17 February, 2016
Document type:

The Study provides an analysis of the effects of the present divergence of the customs sanctioning systems of the Member States of the EU, as well as of the proposal of the European Commission for a Directive to harmonise the customs infringements and sanctions. A number of conclusions and recommendations on the preferred model for […]

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A Business Analysis of a SKYLON-based European Launch Service Operator – January 2016

Sector:Space
Client:N/A
Published: January, 2016
Document type:

Hempsell, M., Aprea, J., Gallagher, B., and Sadlier, G. (2016). ‘A Business Analysis of a SKYLON-based European Launch Service Operator’, Acta Astronautica, Volume 121, April–May 2016, Pages 1–12. Access (paywall): doi:10.1016/j.actaastro.2015.12.022 Highlights An architecture for a European launch service based on Skylon was created. Study used ESA׳s market model for Next Generation Launch system. Separate […]

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The Economic and Societal Benefits Deriving from the Presence of Hyundai and Kia in Europe – January 2016

Sector:Public Policy
Client:Hyundai Motor Company
Published: 13 January, 2016
Document type:

The report finds that over 308,000 people owe their jobs to the Hyundai and Kia business operations across the continent. The workforce employed directly by Hyundai and Kia and supported by their operations in the upstream and downstream markets consists of 78,000 individuals. In addition, 230,000 European workers are employed due to demand induced by […]

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The Economic and Societal Benefits Deriving from the Presence of Kia in Europe – January 2016

Sector:Public Policy
Client:Hyundai Motor Company
Published: 13 January, 2016
Document type:

LE’s new report on the economic and societal impact of the presence of Kia in Europe finds that over 153,000 people owe their jobs to Kia’s business operations across the continent. Including customs duties, sales and corporation taxes, the report highlights Kia’s contribution of €934 million in taxes paid to governments across Europe during 2014, […]

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The Economic and Societal Benefits Deriving from the Presence of Hyundai in Europe – January 2016

Sector:Public Policy
Client:Hyundai Motor Company
Published: 13 January, 2016
Document type:

LE’s new report on the economic and societal impact of the presence of Hyundai in Europe underlines the increased number of jobs attributed to the carmaker’s European operations. Including those employed directly at Hyundai facilities or indirectly in the supply chain, sales and distribution, some 155,000 people owe their jobs to Hyundai Motor, compared to […]

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Moon 2020-30: ‘Economic Impacts of an International Lunar Exploration Endeavour’ – December 2015

Sector:Space
Client:N/A
Published: 16 December, 2015
Document type:

ESA ESTEC, Noordwijk, 15 December 2015 – London Economics presented in the Plenary session of the ‘International Symposium on Moon 2020-2030’ on the topic of: Economic impacts of an international lunar exploration endeavour.  The accompanying slides are available for download from the link above.

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Consumer Market Study on the Functioning of Legal and Commercial Guarantees for Consumers in the EU – December 2015

Sector:Consumer markets and protection
Client:European Commission
Published: 14 December, 2015
Document type:

This study for the European Commission explores how well markets for Legal and Commercial Guarantees (LCGs) operate for consumers in Europe. The study includes consumer surveys and behavioural experiments to investigate how well consumers understand LCGs. The study provides policy recommendations to remedy any shortcomings detected. In particular, the results of will be used to […]

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

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

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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Satellite Technologies in UK Agriculture – November 2015

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

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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2015 SME Annual Report – November 2015

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

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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An Assessment of Open to Export – November 2015

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

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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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:

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

Sector:Education and Labour Markets
Client:University and College Union
Published: 18 November, 2015
Document type:

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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Consumer Testing Study of the Possible New Format and Content for Retail Disclosures of Packaged Retail and Insurance-based Investment Products – November 2015

Sector:Finance
Client:EC DG Internal Market and Services
Published: 13 November, 2015
Document type:

The European Commission commissioned London Economics and Ipsos to undertake consumer testing of various ways of presenting information relating to Packaged Retail and Insurance‐based Investment Products (PRIIPs). The motivation for the study was to assess which particular format of Key Information Documents would best help consumers compare and select products for their investment needs. The […]

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

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

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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FCA Forum: Competition Analysis with Realistic Behaviour – Forthcoming Event in December 2015

Sector:Behavioural Economics
Client:Financial Conduct Authority
Published: 11 November, 2015
Document type:

London Economics’ Dr Charlotte Duke will be speaking at this forthcoming event on Behavioural Industrial Organization and how best to design policy interventions and improve competition. Further information and registration for the event can be found above.

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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:Education and Labour Markets
Client:N/A
Published: 29 October, 2015
Document type:

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:Education and Labour Markets
Client:Cardiff University
Published: October, 2015
Document type:

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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Smart Single Market Regulation – September 2015

Sector:Regulatory economics
Client:European Parliament
Published: 29 September, 2015
Document type:

This study proposes a consolidated governance system that would serve as a tool for smart Single Market regulation toward 2020 and beyond. It outlines areas for improvement in Single Market regulation through the adoption of performance-based policy concepts; and reviews the scope for making better use of the Single Market governance tools to improve the […]

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Using Behavioural Economics: Practical Examples – Behavioural Economics and Psychological Choices – August 2015

Sector:Behavioural Economics
Client:Copenhagen Summer School
Published: August, 2015
Document type:

Presented at a practitioners’ summer workshop this presentation explores how behavioural economics is being used in policy-making and understanding of consumer behaviour in markets. Explains what behavioural experiments are and provides examples of how behavioural studies conducted by London Economics have been used to inform policy making. The presentation then provides guidance on what to […]

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

Sector:Space
Client:XPRIZE Foundation
Published: August, 2015
Document type:

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

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

Sector:Space
Client:N/A
Published: 23 July, 2015
Document type:

Liverpool, Tuesday 14th July – 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 at the conference.

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The Case for Space 2015 – July 2015

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

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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Commercial Heat Network Modelling – Presentation

Sector:Energy
Client:N/A
Published: June, 2015
Document type:

London Economics presented an overview of different financial and economic modelling assumptions for heat network (district heating) modelling in the UK. What impacts the financial viability of a district heating plant in the UK? How do the assumptions used by a purely private sector investor typically differ from the assumptions used by e.g. a local […]

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

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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The Death of the Saturday Job – June 2015

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

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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Survey of UK Farmers on Their Use of Satellite-enabled Agri-tech – June 2015

Sector:Space
Client:UK Space Agency
Published: 10 June, 2015
Document type:

London Economics, in collaboration with the Satellite Applications Catapult, has launched a survey of UK farmers on their use of certain types of technology on their farms, specifically satellite-enabled technologies. This survey will inform ongoing research that seeks to identify ways to facilitate the adoption of these technologies which can make farming more efficient, improve crop yield, and reduce […]

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Future of Paying for Social Care in Wales – Second Report – May 2015

Sector:Space
Client:Welsh Government
Published: 06 May, 2015
Document type:

The Welsh Government has committed to introduce reform of the arrangements for paying for social care in Wales. As part of the policy development process, the Welsh Government commissioned LE Wales to undertake an independent research study on the future of paying for care in Wales. The work produced material for the Welsh Government providing […]

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Delivering Value from the Higher Education Estate – April 2015

Sector:Education and Labour Markets
Client:AUDE/HEFCE
Published: 16 April, 2015
Document type:

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

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

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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GSA GNSS Market Report 2015 (Issue 4) – March 2015

Sector:Space
Client:The European GNSS Agency (GSA)
Published: 25 March, 2015
Document type:

The European GNSS Agency (GSA) has published the fourth Global Satellite Navigation System (GNSS) Market Report. This fourth issue of the GSA’s annual report on the global GNSS market is based on an advanced forecasting model (the Market Monitoring and Forecasting Tool) developed and implemented by London Economics, in collaboration with our partners (Helios, VVA, […]

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Launch of Centre for Vocational Education Research – 24 March 2015

Sector:Education and Labour Markets
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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The Earnings and Employment Returns to A Levels – March 2015

Sector:Education and Labour Markets
Client:Department for Education
Published: 22 March, 2015
Document type:

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

Sector:Education and Labour Markets
Client:Low Pay Commission
Published: 18 March, 2015
Document type:

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

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

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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Secondary Analysis of 24 Waves of PIMS

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

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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Evaluation of the Fiscal Stimulus Initiative

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

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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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:

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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An Evaluation of the Tradeshow Access Programme

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

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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Study on the Impact of the Energy Label – and Potential Changes to It – on Consumer Understanding and on Purchase Decisions – January 2015

Sector:Behavioural Economics
Client:EC DG Energy
Published: 23 January, 2015
Document type:

This behavioural economics study for the European Commission investigates the impact of potential changes to the EU energy label on consumer understanding and purchasing decisions. The pan-European study uses an online and field experiment combined with a consumer survey and focus groups to provide insights on the performance of alternative label designs.

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Economic Analysis of Business Models for Open Access Monographs – January 2015

Sector:Public Policy
Client:Higher Education Funding Council for England, HEFCE
Published: 22 January, 2015
Document type:

The report looks at existing and emerging business models for open-access publishing of scholarly monographs (including scholarly editions, edited volumes and catalogues). A typology of business models is developed based on institutional setup, incentives for the participating parties and revenue sources. The analysis is informed by theoretical considerations and interviews with publishers and academics in […]

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Impact of Information on Patients’ Choice Within the Context of the Directive 2011/24/EU of the EP and of the Council on the Application of Patients’ Rights in Cross-border Healthcare – January 2015

Sector:Public Policy
Client:European Commission – Consumers Health and Food Executive Agency (CHAFEA)
Published: 06 January, 2015
Document type:

This study for the European Commission investigates the impact of information on peoples’ choice to seek healthcare in an EU Member State other than their home country. It is a pan-European study including a survey and behavioural experiment. The findings inform the implementation of the EU Directive on cross-border patient rights.

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The Importance of Wholesale Financial Services to the EU Economy 2014 – November 2014

Sector:Finance
Client:City of London Corporation
Published: 28 November, 2014
Document type:

The Importance of Wholesale Financial Services to the EU Economy 2014 provides data at an EU level on the wholesale financial sector from 2001 to 2013. For the purpose of this analysis, the wholesale financial sector refers to the provision of financial and insurance services to corporate clients, investors, institutions and public sector bodies, as […]

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Finance and Commercial ‘NewSpace’ Opportunities: A Potential Role for London in Bridging the Gap – November 2014

Sector:Space
Client:N/A
Published: 21 November, 2014
Document type:

Reinventing Space is an annual conference that has been taking place since 2001, dedicated to the responsive space sector. The British Interplanetary Society (BIS) organised this year’s conference in The Royal Society, London – the 12th edition and the first time that Reinventing Space has been held outside of the United States. The theme of […]

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Competition and Collaboration in UK Payment Systems – November 2014

Sector:Space
Client:Payments System Regulator
Published: November, 2014
Document type:

The report focuses on UK payment systems, with a particular focus on interbank payment systems.  It analyses the conditions for competition at different levels of the payments supply chain as well as the motivations, merits and potential drawbacks of collaboration among market participants.

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London Economics Announces Winter 2014 Training Catalogue – November 2014

Sector:Behavioural Economics
Client:N/A
Published: October, 2014
Document type:

London Economics, alongside delivering cutting edge research, also provides training to economists and non-economists in a number of areas, including Behavioural Economics, Evaluation, Options Appraisal and Finance. Our Winter 2014 catalogue, out now, lists the courses we can offer. Please feel free to reach out: [email protected]  for further details, pricing and availability.  

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

Sector:Education and Labour Markets
Client:Institute for Public Policy Research
Published: October, 2014
Document type:

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:Education and Labour Markets
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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Metrics and Models Used to Assess Company and Investment Performance – October 2014

Sector:Finance
Client:Department for Business, Innovation and Skills
Published: 27 October, 2014
Document type:

The Kay Review found that the growth of intermediation and principal-agent relationships in the investment chain have led to an increased reliance on metrics and models to measure performance of companies and investment portfolios. Professor Kay argued that these measurements may be inherently unsuitable for investors with long-term investment horizons, and suggested that the presence […]

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Upcoming Training Course: Behavioural Economics for Financial Services – October 2014

Sector:Behavioural Economics
Client:N/A
Published:
Document type:

Upcoming training course: Behavioural Economics for Financial Services, London 4th December 2014. For further details please go to the course website http://marketforce.eu.com/events/financial-services/behavioural-economics-for-financial-services

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In-house Training Course for Wesleyan Finance on Behavioural Economics in Retail Financial Services – October 2014

Sector:Behavioural Economics
Client:N/A
Published:
Document type:

LE is running an in-house training course for Wesleyan finance on Behavioural Economics in retail financial services. For further information on our training courses in Behavioural Economics please contact Dr Charlotte Duke [email protected] +44 (0) 20 3701 7717.    

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The Handbook of Competition Economics 2015 – Czech Republic – October 2014

Sector:Behavioural Economics
Client:N/A
Published: October, 2014
Document type:

The article reviews 2013-14 developments in the competition area in the Czech Republic.

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The Handbook of Competition Economics 2015 – UK – October 2014

Sector:Behavioural Economics
Client:N/A
Published: October, 2014
Document type:

The article reviews 2013-14 developments in the competition area in the UK.

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

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

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

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

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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Consumer Protection Aspects of Financial Services – October 2014

Sector:Space
Client:European Parliament
Published: 07 October, 2014
Document type:

The presentation provides a high level summary of the key findings, conclusions and recommendations of the study published by the European Parliament in February 2014.

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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:

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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Cheating Risk from Online Essays – September 2014

Sector:Education and Labour Markets
Client:Ofqual
Published: September, 2014
Document type:

London Economics were commissioned by Ofqual to undertake a mystery shopping exercise of ‘student support’ services available online. To undertake the independent research, London Economics engaged with a number of online companies who offer to write essays for students. The commissioned essays were passed on to experts at Ofqual for subsequent marking, which demonstrated that, […]

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

Sector:Regulatory economics
Client:Office of Rail Regulation
Published: 26 September, 2014
Document type:

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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Projects Fit for Purpose: Delivering More with Less in the Public Sector – September 2014

Sector:Public Policy
Client:Project Management Institute
Published: 08 September, 2014
Document type:

London Economics were commissioned by the Project Management Institute (PMI) to conduct an exploratory study of success factors in public sector project and programme management in the United Kingdom. The study forms part of PMI’s ongoing effort to understand what works in project management globally and to make these insights available to policymakers, project managers […]

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Using Behavioural Economics: Practical Examples – August 2014

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

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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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:

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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Evaluation of the CANparent Trial – July 2014

Sector:Education and Labour Markets
Client:Department for Education
Published: 23 July, 2014
Document type:

The CANparent trial was a government initiative to examine the development of a universal offer of parenting classes potentially to all parents of children aged 0-5 years. The aim of the trial was to evaluate whether the free provision of parenting classes would provide sufficient incentive to providers to start offering additional parenting classes nationally […]

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Access to Justice: Learning from Long Term Experiences in the Personal Injury Legal Services Market – July 2014

Sector:Competition & Antitrust
Client:Legal Services Board
Published: 23 July, 2014
Document type:

A key objective of the Legal Services Board is to help improve access to justice by creating the conditions that allow individuals to take up legal services when they are in need of them. To this end, the present research sought to understand attributes of the market for legal services relating to Personal Injury to […]

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Assessing Value for Money in Sixth Form Education – June 2014

Sector:Education and Labour Markets
Client:Sixth Form College Association
Published: 16 June, 2014
Document type:

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:Behavioural Economics
Client:EC DG Health and Consumers
Published: 12 June, 2014
Document type:

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:Competition & Antitrust
Client:EC DG Health and Consumers
Published: 20 May, 2014
Document type:

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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Direct and Indirect Regulatory Costs Faced by UK Insurance Brokers – May 2014

Sector:Competition & Antitrust
Client:British Insurance Brokers’ Association
Published: May, 2014
Document type:

The study for the British Insurance Brokers’ Association (BIBA) quantifies direct regulatory costs faced by insurance brokers in 23 different jurisdictions and shows that such costs are the highest the UK and that regulatory fees and levies in the UK are more than five times those in New York, Japan, France and Germany. The research […]

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

Sector:Regulatory economics
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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New Specialist Sources of Capital for the Social Investment Market – April 2014

Sector:Competition & Antitrust
Client:Social Investment Research Council
Published: 14 February, 2014
Document type:

This study, conducted jointly with The Social Investment Consultancy, examines potential sources of capital for the social investment market among eight previously under-researched institutional investor groups. It identifies two sets of opportunities for the UK’s growing investment market: –  risk finance capital to support UK social sector organisations, estimated at circa £500m; and –  a […]

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2014 Survey of the Size and Health of the UK Space Industry – April 2014

Sector:Space
Client:N/A
Published: 23 April, 2014
Document type:

London Economics have been selected to undertake the 2014 study of the Size and Health of the UK Space Industry on behalf of the UK Space Agency. An introductory letter from the Chief Executive of the UK Space Agency is available via the link above. All organisations active in the UK who supply, or make […]

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Financial Conduct Authority Practical Use of Behavioural Experiments in Financial Regulation – March 2014

Sector:Public Policy
Client:Financial Conduct Authority
Published: 25 March, 2014
Document type:

The Financial Conduct Authority finds that behavioural experiments have an important role to play in financial regulation, and often provide insights into the ways markets work that may not be possible otherwise. Download the paper on the practical application of behavioural experiments in financial regulation jointly authored by London Economics and the FCA.

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Voluntary Food Labelling Schemes Study

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

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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An International Comparison of Apprentice Pay

Sector:Education and Labour Markets
Client:Low Pay Commission
Published: 13 March, 2014
Document type:

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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General Insurance Add-ons: Experimental Consumer Research Report

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

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

Sector:Education and Labour Markets
Client:N/A
Published: 12 March, 2014
Document type:

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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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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Consumer Protection Aspects of Financial Services

Sector:Public Policy
Client:European Parliament
Published: 10 February, 2014
Document type:

The financial crisis of 2007/2008 has clearly shown that inadequate consumer protection, especially in the US mortgage market, was a major contributor to financial instability. Moreover, many holders of sub-prime mortgages suffered considerable harm as a result of mis-selling or inappropriate selling. However, the USA is not the only country where weak consumer protection resulted […]

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

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

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

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

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

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Analysis of Developments in the Fields of Direct Investment and M&A — Part II: Foreign Firms’ Contributions to EU Economic Performance

Sector:Behavioural Economics
Client:EC DG Internal Market and Services
Published: December, 2013
Document type:

Part II of Analysis of developments in the fields of direct investment and M&A considered the performance of foreign firms that are recipients of FDI.   Domestic firms far outweigh foreign-owned firms in the EU; however, the contributions of foreign-owned firms to economic performance are disproportionately high in terms of productivity, employment generation and the […]

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Analysis of Developments in the Fields of Direct Investment and M&A — Part I 2013 Developments in World-wide and EU Capital Flows

Sector:Behavioural Economics
Client:EC DG Internal Market and Services
Published: December, 2013
Document type:

Part I of Analysis of developments in the fields of direct investment and M&A reviews developments in international capital flows (FDI, portfolio investment, other investments and reserves) world-wide and more particularly between EU Member States and the rest of the world and within the EU.

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Using Behavioural Experiments to Inform Consumer Policy in Financial Markets

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

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

Sector:Competition & Antitrust
Client:Department for Business, Innovation and Skills
Published: December, 2013
Document type:

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

Sector:Competition & Antitrust
Client:Hyundai Motor Company
Published: December, 2013
Document type:

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

Sector:Competition & Antitrust
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 Cost of Non-Europe: the Untapped Potential of the European Single Market

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

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

Sector:Competition & Antitrust
Client:Ofgem and CRE
Published: November, 2013
Document type:

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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2012/2013 Annual Report on European SMEs

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

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

Sector:Competition & Antitrust
Client:Nominet
Published: November, 2013
Document type:

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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Lotteries in Europe

Sector:Public Policy
Client:European Lotteries and Toto Association
Published: November, 2013
Document type:

The note published by European Lotteries first describes recent EU27 trends in the value of the sales of lottery products  and gross gambling revenue (the value of the sales of lottery products and prizes paid to buyers of such lottery products). Next it underlines the significant contribution of lotteries to society in terms of taxes […]

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Lotteries in Europe

Sector:Public Policy
Client:N/A
Published: November, 2013
Document type:

2013 EL Sustainable Gambling Conference, Sports Integrity in Europe and the Role of Lotteries, 12 November 2013 – Brussels.

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Detecting Abnormalities in the Brent Crude Oil Commodities and Derivatives Pricing Complex

Sector:Competition & Antitrust
Client:N/A
Published: October, 2013
Document type:

Gregory P. Swinand* and Amy O’Mahoney London Economics Working Paper Draft Please do not quote or cite without author’s permission *corresponding author

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Detecting Abnormalities in the Brent Crude Oil Commodities and Derivatives Pricing Complex

Sector:Competition & Antitrust
Client:N/A
Published: October, 2013
Document type:

Seminar on Energy and Finance, UCD, Gregory P. Swinand, London Economics/Indecon, With Amy O’Mahoney (Indecon/TCD), Dublin, October 2013.

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PSD I and PSD II

Sector:Finance
Client:N/A
Published: October, 2013
Document type:

Presentation, Global Money Transfer Summit 2013, 29-30 October 2013.

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Google Lunar XPRIZE Market Study 2013: Media Summary

Sector:Space
Client:XPRIZE Foundation
Published: October, 2013
Document type:

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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A European Single Point of Contact

Sector:Public Policy
Client:N/A
Published: June, 2013
Document type:

Presentation of Study to the Committee on the Internal Market and Consumer Protection, 27 June 2013, Brussels

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From Shadow to Formal Economy: Levelling the Playing Field in the Single Market

Sector:Finance
Client:N/A
Published: June, 2013
Document type:

Presentation of Study to the Committee on the Internal Market and Consumer Protection, 27 June 2013, Brussels

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Performance-based Full Policy Cycle for the Digital Single Market

Sector:Public Policy
Client:European Parliament
Published: October, 2013
Document type:

A benchmarking exercise of a number of Digital Single Market policy initiatives recently proposed by the European Commission against the performance-based policy model shows that the current policy development and assessment process could be improved markedly by following the performance-based policy model set out in the present study.

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

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

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

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GSA Releases 2013 Sat Nav Market Report (Issue 3)

Sector:Space
Client:European GNSS Agency
Published: October, 2013
Document type:

The European GNSS Agency (GSA) has published the third Global Satellite Navigation System (GNSS) Market Report. This third issue of the GSA’s annual report on the global GNSS market is based on an advanced forecasting model (the Market Monitoring and Forecasting Tool) developed and implemented by London Economics.

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

Sector:Competition & Antitrust
Client:N/A
Published: October, 2013
Document type:

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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Performance-based Full Policy Cycle for the Digital Single Market

Sector:Public Policy
Client:European Parliament
Published: October, 2013
Document type:

A benchmarking exercise of a number of Digital Single Market policy initiatives recently proposed by the European Commission against the performance-based policy model shows that the current policy development and assessment process could be improved markedly by following the performance-based policy model set out in the present study. The key features of a performance-based full […]

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

Sector:Space
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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PSD II – Proposed Changes and Timetable

Sector:Finance
Client:N/A
Published: September, 2013
Document type:

Presentation to UKMTA conference “International payment services – what are the opportunities and threats for business in a changing marketplace?”, 19 September 2013.

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Using Behavioural and Experimental Economics to Understand Consumer Behaviour

Sector:Behavioural Economics
Client:N/A
Published: August, 2013
Document type:

Presentation at Copenhagen Summer University, Executive Course in Behavioural Economics and Psychology of Choice 12th – 16th August 2013 This session at the University of Copenhagen provided applied examples of behavioural experiments that have been used to inform policy development. It covers pricing practices, consumer switching and consumer understanding of contracts. The session also explored […]

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

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

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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Partitioned Pricing Research: A Behavioural Experiment

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

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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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:EC DG Internal Market and Services
Published: July, 2013
Document type:

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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A European Single Point of Contact

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

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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Estimating Demand Elasticities Using the PCAIDS Method

Sector:Public Policy
Client:N/A
Published: June, 2013
Document type:

Swinand, G. and Hennessy, H. Paper presented at 21st Conference on Postal and Delivery Economics, May 29th – June 1st, 2013, Portmarnock, County Dublin, IRELAND

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

Sector:Regulatory economics
Client:N/A
Published: July, 2013
Document type:

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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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:

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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Levelling the Playing Field in the Single Market

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

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 and Labour Markets
Client:N/A
Published: June, 2013
Document type:

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

Sector:Public Policy
Client:N/A
Published: May, 2013
Document type:

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

Sector:Education and Labour Markets
Client:N/A
Published: May, 2013
Document type:

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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Energy Retail Markets Comparability Study

Sector:Public Policy
Client:N/A
Published: May, 2013
Document type:

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

Sector:Competition & Antitrust
Client:Information Commissioner’s Office
Published: May, 2013
Document type:

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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The Outcomes Associated with the BTEC Route of Degree Level Acquisition

Sector:Education and Labour Markets
Client:N/A
Published: May, 2013
Document type:

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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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:

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

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

Following the publication of our study The Impact of a Financial Transaction Tax (FTT) on Corporate and Sovereign Debt (available here), London Economics presented key findings to attachés and Ministry of Finance officials in Brussels on 15 April 2013 in order to inform debate during the Council FTT working group meeting the following day. The […]

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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:

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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Study on Means to Protect Consumers in Financial Difficulty: Personal Bankruptcy, Datio in Solutum of Mortgages, and Restrictions on Debt Collection Abusive Practices

Sector:Finance
Client:EC DG Internal Market and Services
Published: April, 2013
Document type:

Commissioned on behalf of the Financial Services Users Group by DG Internal Market and Services, and authored by London Economics, this report examines all formal debt reduction solutions which allow consumers to return to a financially sustainable path by eliminating some or all of their debts, including providing a comprehensive description of: the availability and […]

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

Sector:Finance
Client:International Regulatory Strategy Group
Published: April, 2013
Document type:

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 Determinants of University Selection

Sector:Education and Labour Markets
Client:N/A
Published: April, 2013
Document type:

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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Space Economy: Indicators and Economic Studies

Sector:Space
Client:N/A
Published: March, 2013
Document type:

Presentation (on invitation) to the International Astronautical Federation (IAF) Space Economy Technical Committee, held in Paris on 19th March 2013. The requested focus of the presentation is on the methodology and indicators employed in selected examples of our research in the field of the Space economics, March 19, 2013.

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Estimating the Impact of Wind Generation on Balancing Costs in the GB Electricity Markets

Sector:Competition & Antitrust
Client:N/A
Published: February, 2013
Document type:

Gregory P. Swinand and Moritz Godel, 4th Workshop on Energy and CO2 Markets, Valencia, Spain, February 13-14, 2013.    

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

Sector:Public Policy
Client:Hyundai Motor Company
Published: February, 2013
Document type:

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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A Disaggregated Analysis of the Long Run Impact of Vocational Qualifications

Sector:Education and Labour Markets
Client:N/A
Published: February, 2013
Document type:

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

Sector:Education and Labour Markets
Client:N/A
Published: February, 2013
Document type:

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

Sector:Education and Labour Markets
Client:N/A
Published: February, 2013
Document type:

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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The Impact of Further Education Learning

Sector:Education and Labour Markets
Client:N/A
Published: January, 2013
Document type:

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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What’s the Value of a UK Degree?

Sector:Education and Labour Markets
Client:N/A
Published: January, 2013
Document type:

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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Analysis of Developments in the Fields of Direct Investment and M&A – 2012 Report Part II: The EU, the BRICs and Other Emerging Economies

Sector:Finance
Client:EC DG Internal Market and Services
Published: November, 2012
Document type:

The study looks more closely into the evolution of FDI between the EU and the BRICs, considering where the EU’s position and prospects are, both as origin and as destination for BRIC FDI. Global investment trends show that over the past 15 years the BRICs, as well as other emerging economies, have become increasingly important […]

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Analysis of Developments in the Fields of Direct Investment and M&A – 2012 Report Part II: The EU, the BRICs and Other Emerging Economies

Sector:Finance
Client:EC DG Internal Market and Services
Published: November, 2012
Document type:

The study looks more closely into the evolution of FDI between the EU and the BRICs, considering where the EU’s position and prospects are, both as origin and as destination for BRIC FDI. Global investment trends show that over the past 15 years the BRICs, as well as other emerging economies, have become increasingly important […]

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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:EC DG Internal Market and Services
Published: November, 2012
Document type:

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

Sector:Finance
Client:EC DG Internal Market and Services
Published: November, 2012
Document type:

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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Research on EU Product Labelling

Sector:Public Policy
Client:EC DG Energy
Published: December, 2012
Document type:

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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Non-bank Financial Institutions: Assessment of Their Impact on the Stability of the Financial System

Sector:Finance
Client:EC DG Economic & Financial Affairs
Published: November, 2012
Document type:

The study examines how non-bank financial institutions (in particular money market funds, private equity firms, hedge funds, pension funds, insurance undertakings and central counterparties; and UCITS and ETFs) had performed over the last decade and during the financial crisis. The report addresses the risks run by each of this type of institutions (credit, counterparty, liquidity, […]

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Economic Benefits of an Internet Domain for Wales

Sector:Competition & Antitrust
Client:Nominet
Published: November, 2011
Document type:

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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Differential Price Responsiveness Among Drinker Types

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

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Sequential Group Lending: A Mechanism to Raise the Repayment Rate in Microfinance. Economica.

Sector:Public Policy
Client:N/A
Published:
Document type:

Sinn, Miriam (forthcoming)

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The Value of Personal Information – Evidence from Empirical Economic Studies

Sector:Competition & Antitrust
Client:N/A
Published: November, 2012
Document type:

EC data protection policy is promoted with reference to economic benefits. However, the value of personal information in legitimate business models is rarely discussed. Various economic studies have tried to measure individuals’ valuation of different kinds of personal data. We review empirical papers from the last 10 years and find evidence that more disclosure is […]

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An Exploratory Evaluation of the Next Step Service

Sector:Education and Labour Markets
Client:N/A
Published: November, 2012
Document type:

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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Economic Impact Assessments of Proposals for Computer Trading

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

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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Consumer Research for Cost-Benefit Analysis of Digital Radio Switch Over: A Supplementary Report to DCMS

Sector:Competition & Antitrust
Client:Department for Culture, Media and Sport
Published: July, 2012
Document type:

The Department for Culture, Media and Sport has published the report “Consumer research for Cost-Benefit Analysis of Digital Radio Switch over: A supplementary report to DCMS” by London Economics in association with YouGov. The study presents results of supplementary research undertaken in 2012 into consumers’ willingness to pay for digital radio, building on London Economics’ […]

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

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

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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Quantification of the Macro-Economic Impact of Integration of EU Financial Markets – Executive Summary

Sector:Finance
Client:EC DG Internal Market and Services
Published: November, 2002
Document type:

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Consumer Behavioural Biases in Competition

Sector:Behavioural Economics
Client:N/A
Published: May, 2011
Document type:

Consumer behavioural biases imply that consumers may not behave in the fully rational way that many economic models assume. This study assesses what impact behavioural biases can have on competition, including, how competition and pricing practices may change when consumers are biased; if lowering barriers to entry can reduce inefficiencies that arise from consumer behavioural […]

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Estimation of Consumers’ Priorities for Quality-of-service in Post: Recent Evidence from France

Sector:Regulatory economics
Client:N/A
Published: June, 2012
Document type:

20th CPDE, Brighton, UK.

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GSA Releases 2012 Sat Nav Market Report

Sector:Space
Client:European GNSS Agency
Published: May, 2012
Document type:

The European GNSS Agency (GSA) has published the second Global Satellite Navigation System (GNSS) Market Report. This second issue of the GSA’s annual report on the global GNSS market is based on an advanced forecasting model (the Market Monitoring and Forecasting Tool) developed and implemented by London Economics.

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Estimating the Impact of Wind Generation on Balancing Costs in the GB Electricity Markets

Sector:Regulatory economics
Client:N/A
Published: May, 2012
Document type:

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Behavioural Biases and Consumer Detriment

Sector:Behavioural Economics
Client:N/A
Published: May, 2012
Document type:

International Conference on Financial Services, Hamburg, 10th May 2012

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Estimating the Impact of Training on Productivity Using Firm-level Data

Sector:Education and Labour Markets
Client:N/A
Published: May, 2012
Document type:

London Economics were commissioned by the Department for Business Innovation and Skills to undertake an assessment of the impact of publicly funded training on firm-level productivity. Firm-level analysis has traditionally been hampered by a lack of reliable and comprehensive data. For the first time in the UK, a matched employer-employee dataset with information on government […]

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The Impact of Investment in Intangible Assets on Productivity Spillovers

Sector:Education and Labour Markets
Client:N/A
Published: May, 2012
Document type:

London Economics were commissioned by the Department for Business, Innovation and Skills to conduct a literature review of the evidence regarding the impact of investment in intangible assets on productivity spillovers. The review provides a summary of the theory underpinning the concepts of intangible assets, their measurement, as well as the theory of spillovers. We […]

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Assessing the Deadweight Loss and Additionality Associated with Public Investment in Education and Skills

Sector:Education and Labour Markets
Client:N/A
Published: May, 2012
Document type:

London Economics were commissioned by the Department for Business, Innovation and Skills to undertake an analysis aimed at improving the current assessment of deadweight loss in the Further Education and Skills arena, where deadweight loss is defined as the extent to which government-funded training generates outcomes that are not additional to what would have occurred […]

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SKYLON Assessment Report, European Space Agency

Sector:Space
Client:European Space Agency (ESA)
Published: May, 2011
Document type:

A review of the SKYLON spaceplane by the European Space Agency (ESA) including ESA’s review of London Economics’ assessment of the future benefits of investment in the SKYLON reusable launcher for Reaction Engines.

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The Impact of Competition Interventions on Compliance and Deterrence – A Controlled Economic Experiment

Sector:Competition & Antitrust
Client:N/A
Published: April, 2012
Document type:

A study by London Economics for the UK Office of Fair Trading Presentation at the University of Amsterdam, Centre for Law and Economics, Behavioural Competition and Regulation, April 19, 2012.

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Economic Analysis of Ireland’s Comparative Advantage for Foreign Investment

Sector:Public Policy
Client:N/A
Published: October, 2010
Document type:

Gray, A., Swinand, G., Holmes-Batt, W. Indecon Economic Consultants, October 2010

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Information Sharing in Common Agency: When is Transparency Good?

Sector:Public Policy
Client:N/A
Published: March, 2009
Document type:

Maier, N. and Ottaviani, M. Journal of the European Economic Association, March 2009, Vol. 7, No. 1: 162–18

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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:N/A
Published: November, 2010
Document type:

Sadlier, G. Ministry of Justice Research Series 19/10, November 2010

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Modelling EU Electricity Market Competition Using the Residual Supply Index

Sector:Regulatory economics
Client:N/A
Published: October, 2010
Document type:

Swinand, G., Scully, D., Ffoulkes S. and Kessler, B The Electricity Journal, Vol 23, Issue 9, November 2010, Pages 41-50.

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

Sector:Competition & Antitrust
Client:N/A
Published: July, 2011
Document type:

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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The Role of Packaging Imagery on Consumer Preferences for Experience Goods – Report

Sector:Behavioural Economics
Client:N/A
Published: March, 2012
Document type:

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Debt Advice in the UK

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

This study describes the current debt landscape in the UK and highlights information gaps for further exploration. It consists of a comprehensive review of existing debt advice literature and research materials, supplemented by consultation with a wide range of stakeholders.

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Regulation on the Approval and Market Surveillance of Two- or Three-wheeled Vehicles and Quadricycles

Sector:Public Policy
Client:European Parliament
Published: February, 2012
Document type:

This study is a three-part impact assessment of amendments proposed by the IMCO Committee to three measures contained in the European Commission’s proposal for a “Regulation on the approval and market surveillance of two- or three-wheeled vehicles and quadricycles”. The first part concerns the fitting of an anti-lock braking system (ABS), the second part concerns […]

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From Total Factor to Total Resource Productivity: An Application to Agriculture

Sector:Public Policy
Client:N/A
Published: 1998
Document type:

American Journal of Agricultural Economics 80, pp. 577-83, August 1998. Gollop, F. and Swinand, G.

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

Sector:Regulatory economics
Client:N/A
Published: 1999
Document type:

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

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The Importance of Well Functioning Retail Markets for Creating Competitive Wholesale Electricity Markets

Sector:Regulatory economics
Client:N/A
Published: June, 1999
Document type:

The Electricity Journal, June 1999. Goulding, A., Rufin, C. and Swinand, G.

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Patterns of State Productivity Growth in U.S. Farm Sector: Linking the State and Aggregate Models

Sector:Public Policy
Client:N/A
Published: February, 1999
Document type:

American Journal of Agricultural Economics 81, pp. 164-179, February 1999. Ball, E., Gollop, F., Kelly-Hawke, A. and Swinand, G.

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Key Regulatory Concerns in Latin American Energy, Telecoms and Water Sectors

Sector:Regulatory economics
Client:N/A
Published: 2000
Document type:

Utility Regulation in Latin America, Privatisation International, Utility Regulation 2000 Series, Volume 2, 2000. Giacchino, L., Herrera, C., Jones, S., Maggs, P., Ros, A. and Sepetys, K.

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De Waterindustrie in Engeland En Wales (The Water Industry in England and Wales)

Sector:Regulatory economics
Client:N/A
Published: June, 2000
Document type:

Economisch Statistische Berichten Dossier:  Liberalisering van Netwerksectoren, Nederlands Economische Instituut, 22 June 2000, Volume 85, No. 4261, 2000. Jones, S.

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The New Economy, EU Accession Challenges, and the EBRD

Sector:Competition & Antitrust
Client:N/A
Published: 2001
Document type:

Revue d’Economie Financière, Special Issue, 2001. Muller, P.

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Internet Use in Transition Economies: Economic and Institutional Determinants

Sector:Competition & Antitrust
Client:N/A
Published: 2002
Document type:

Discussion Paper No. 2002/95. World Institute for Development Economics Research. October 2002. Muller, P.

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Rates of Return to Qualifications: A Summary of Recent Evidence

Sector:Education and Labour Markets
Client:N/A
Published: 2002
Document type:

Council for Industry and Higher Education, April 2002. Conlon, G.

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The Determinants of Undertaking Academic and Vocational Qualifications in the United Kingdom

Sector:Education and Labour Markets
Client:N/A
Published: 2002
Document type:

Centre for the Economics of Education Discussion Paper 20, May 2002. Conlon, G.

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Economic and Institutional Determinants of Internet Usage: Central and Eastern Europe and the European Union

Sector:Competition & Antitrust
Client:N/A
Published: 2003
Document type:

TIGER Working Paper Series, 44, Warsaw, August 2003. Muller, P. and Salsas, P.

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Total Resource Productivity: Accounting for Changing Environmental Quality

Sector:Public Policy
Client:N/A
Published: 2003
Document type:

Dean, E., Harper, M. and Hulten, C. (eds), New Developments in Productivity Analysis, NBER Conferenceon Research in Income and Wealth, Cambridge, MA: MIT Press, 2003. Gollop, F. and Swinand, S.

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Does It Pay to Attend a Prestigious University?

Sector:Education and Labour Markets
Client:N/A
Published: 2003
Document type:

Centre for the Economics of Education Discussion Paper 33, May 2003 (with Arnaud Chevalier), also IZA Discussion Paper 848, June 2003. Conlon, G.

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Market Power in Tradable Permit Markets: A Laboratory Test Bed for Emissions Trading in Port Phillip Bay, Victoria

Sector:Regulatory economics
Client:N/A
Published: 2003
Document type:

Ecological Economics, vol. 46: 469 – 91, 2003. Cason, T.N., Gangadharan, L. and Duke, C.

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A Laboratory Study of Auctions for Reducing Non-point Source Pollution

Sector:Regulatory economics
Client:N/A
Published: 2003
Document type:

Journal of Environmental Economics and Management, vol.  46:  446 – 71, 2003. Cason, T.N., Gangadharan, L. and Duke, C.

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An Empirical Examination of Postal Liberalisation in Norway

Sector:Regulatory economics
Client:N/A
Published: 2004
Document type:

Postal Insight, Pitney Bowes, 2004. Swinand, G. and Lyons, S.

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A Production Model of Service Quality at An Post

Sector:Regulatory economics
Client:N/A
Published: June, 2003
Document type:

Crew, M.A. and Kleindorfer, P.R. (eds), Competitive Transformation of the Postal and Delivery Sector, Kluwer Academic Publishers, 2004. Swinand, G.

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European Financial Market Integration. Distant Dream or Nascent Reality?

Sector:Finance
Client:N/A
Published: 2004
Document type:

World Economics, 5, 3, July–September 2004. Muller, P.

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Valuing Assets Using Real Options: An Application to Deregulated Electricity Markets

Sector:Regulatory economics
Client:N/A
Published: 2005
Document type:

Journal of Applied Corporate Finance, 17, 2, 2005. Swinand, G., Rufin, C. and Chetan, S.

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The Differential in the Rate of Return to Academic and Vocational Qualifications in the United Kingdom

Sector:Education and Labour Markets
Client:N/A
Published: 2005
Document type:

Education Economics, Volume 13, No.1, April 2005. Conlon, G.

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Post-Compulsory Education and Qualification Attainment

Sector:Education and Labour Markets
Client:N/A
Published: 2005
Document type:

“What’s the Good of Education? The economics of Education in the UK”, eds. Steve Machin and Anna Vignoles (eds), Princeton University Press, June 2005. Conlon, G. (with Damon Clark and Fernando Galindo-Rueda).

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“One in Three? The Incidence and Outcomes Associated with the Late Attainment of Qualifications in the United Kingdom

Sector:Education and Labour Markets
Client:N/A
Published: 2005
Document type:

Education Economics, Volume 13, No. 3, September 2005. Conlon, G.

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Regulation in Environmental Markets: What Can We Learn from Experiments to Reduce Salinity?

Sector:Regulatory economics
Client:N/A
Published: 2005
Document type:

The Australian Economic Review, vol. 38(4): 459 – 69, 2005. Duke, C. and Gangadharan, L.

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

Sector:Regulatory economics
Client:N/A
Published: 2006
Document type:

Crew, M.A. and Kelindorfer, P.R. (eds), Progress towards Liberalisation of the Postal and Delivery Sector, 2006. Swinand, G. and Jones, S.

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Barriers to Entry in Belgium’s Electricity Generation Market

Sector:Regulatory economics
Client:N/A
Published: 2006
Document type:

“Barriers to Entry in Belgium’s Electricity Generation Market”, in Van der Linden, J., (Ed.), “Reforming network industries: experiences in Europe and Belgium. Highlights of Conference ‘The Lisbon strategy: a motor for market reforms of the network industries’”. Federal Planning Bureau, Central Council for the Economy and European Economic and Social Committee, Brussels, 2006. Muller, P., Salsas, […]

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Switching to Digital Television: Business and Public Policy Issues

Sector:Regulatory economics
Client:N/A
Published: 2006
Document type:

Standards and Public Policy, edited by Stango, V. and Greenstein, S., Cambridge University Press, 2006. Maier, N. and Ottaviani, M.

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E-communications: Investment and the Regulatory Framework

Sector:Regulatory economics
Client:N/A
Published: 2006
Document type:

Communications & Strategies, No. 64, 4th quarter. Jones, S. and Salsas P

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Putting Auction Theory to Work

Sector:Regulatory economics
Client:N/A
Published: 2006
Document type:

Book review of Putting Auction Theory to Work by Paul Milgrom.  Published by Cambridge University Press, 2004. For The Australian Journal of Agricultural and Resource Economics, vol.49: 339 – 67, 2006. Duke, C.

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Test Bed Experiment for Water and Salinity Rights Trading in the Murray Darling Basin

Sector:Regulatory economics
Client:N/A
Published: 2006
Document type:

In Experimental Methods and Environmental Policy, (eds.) Cherry, Kroll and Shogren. Routledge, 2006. Duke, C., Gangadharan, L. and Cason, T.

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Overview: Hungary

Sector:Competition & Antitrust
Client:N/A
Published: 2007
Document type:

2007 Handbook of Competition Economics, a Global Competition Review special report, Maier, N.

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Salinity in Water Markets – Property Rights for Water Quality and Quantity in the Murray Darling Basin

Sector:Regulatory economics
Client:N/A
Published: 2007
Document type:

Ecological Economics, Duke, C. and Gangadharan, L.  

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The Effectiveness of Competition Policy and the Price-Cost Margin: Evidence from Panel Data

Sector:Competition & Antitrust
Client:N/A
Published: September, 2007
Document type:

ESRI Working Paper No. 209,  McCloughan, P., Lyons, S. and Holmes-Batt.

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Company Survival Following Rescue and Restructuring State Aid

Sector:Public Policy
Client:N/A
Published: October, 2007
Document type:

European Journal of Law and Economics, Volume 24, Number 2, Chindooroy, R., Muller, P. and Notaro, G.

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Impact of the Regulatory Framework on Investment Across Europe

Sector:Regulatory economics
Client:N/A
Published: 2008
Document type:

An update in Die Effektivität der Telekommunikations-regulierung in Europa – Befunde und Perspektiven, ed. Arnold Picot, Springer Münchner Kreis.  Jones, S.

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An Extract from The Handbook of Competition Economics 2008

Sector:Competition & Antitrust
Client:N/A
Published: 2008
Document type:

Maier, N. A Global Competition Review special report – Hungary, 2008.

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An Extract from The Handbook of Competition Economics 2008, a Global Competition Review Special Report – UK

Sector:Competition & Antitrust
Client:N/A
Published: 2008
Document type:

Muller, P. and Ramada, P.

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

Sector:Competition & Antitrust
Client:N/A
Published: October, 2008
Document type:

McCloughan, P., Lyons, S. and Holmes-Batt, W.

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

Sector:Finance
Client:EC DG Economic & Financial Affairs
Published: February, 2012
Document type:

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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Potential Impacts of Stamp Price Increases: Consumer Research

Sector:Regulatory economics
Client:N/A
Published: February, 2012
Document type:

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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Funding Debt Advice in the UK – A Proposed Model

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

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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Basic Banking Services

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

Presentation to the European Parliament by London Economics.

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Wealth Creation from Science, Engineering and Technology

Sector:Education and Labour Markets
Client:N/A
Published: March, 2004
Document type:

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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A Review of the All-Island Financial Services Sector

Sector:Finance
Client:InterTrade Ireland
Published: November, 2004
Document type:

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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Project to Assess the Impact of the New EU Chemicals Strategy (REACH) and to Develop a Model – Economic Model and MatLab Code

Sector:Public Policy
Client:Department for Environment, Food & Rural Affairs
Published: September, 2005
Document type:

The report assesses the economic costs along the supply chain of the testing and registration phase of the new chemicals policy. The analysis includes an assessment of the impact on the prices of the chemical and of the products that successively use the chemical along the supply chain and how these changes in prices affect […]

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

Sector:Finance
Client:EC DG Internal Market and Services
Published: November, 2011
Document type:

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

Sector:Finance
Client:EC DG Internal Market and Services
Published: November, 2011
Document type:

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

Sector:Finance
Client:EC DG Internal Market and Services
Published: November, 2011
Document type:

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 II

Sector:Finance
Client:EC DG Internal Market and Services
Published: November, 2011
Document type:

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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Basic Banking Services

Sector:Finance
Client:European Parliament
Published: December, 2011
Document type:

This briefing paper examines the current state of play in the access to basic banking services, as well as the expected benefits of providing such access for citizens as well as for cross-border trade, in particular e-commerce. It also identifies the banking services that would ideally be covered by any initiative and the main hurdles […]

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The Impact of Competition Interventions on Compliance and Deterrence

Sector:Competition & Antitrust
Client:Office of Fair Trading
Published: December, 2011
Document type:

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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Economic Outlook: How is the Current Financial and Economic Situation Affecting Consumers, Debtors and Creditors

Sector:Public Policy
Client:N/A
Published: December, 2011
Document type:

This analysis by London Economics offers new insights into the current economic crisis. Key economic indicators suggest recovery long way off. In previous UK recessions, output recovered relatively quickly after modest falls. This recession is deeper and longer lasting that previous recessions, with no recovery in sight. Growth between 2005 and 2008 was driven by […]

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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:

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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Impacts of DLA on Working Age People in Wales

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

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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Consumer Information on Broadband Speed and Net Neutrality Experiment

Sector:Regulatory economics
Client:Ofcom
Published: November, 2011
Document type:

Ofcom has published the report by London Economics “Consumer information on Broadband Net Neutrality”. This study uses an economic experiment and behavioural economics to test the impact on consumers’ internet package choice of how information about packages is presented. Participants in the experiment were faced with different information frames, including the use of colour coding […]

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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:

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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McDonald’s Economic Footprint in Europe

Sector:Public Policy
Client:McDonalds
Published: November, 2011
Document type:

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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Estimating the Value of Lost Load (VoLL)

Sector:Regulatory economics
Client:Ofgem
Published: November, 2011
Document type:

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

Sector:Regulatory economics
Client:Ofgem
Published: October, 2011
Document type:

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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Evaluation of Commercial Services Provided by UKTI Overseas Posts

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

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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Estimating the Returns to Intermediate and Low Level Vocational Qualifications

Sector:Education and Labour Markets
Client:N/A
Published: September, 2011
Document type:

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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Investment and the Regulatory Framework

Sector:Regulatory economics
Client:Hong Kong Communications Authority
Published: November, 2006
Document type:

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

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

Sector:Education and Labour Markets
Client:N/A
Published: June, 2011
Document type:

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

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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:

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

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A Production Model of Service Quality at An Post

Sector:Regulatory economics
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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Internet Use by Businesses in Old and New EU Member Countries

Sector:Competition & Antitrust
Client:N/A
Published: April, 2004
Document type:

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

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

Sector:Public Policy
Client:N/A
Published: June, 2004
Document type:

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

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Empirical Analysis of Further Liberalisation in Norway

Sector:Regulatory economics
Client:N/A
Published: June, 2004
Document type:

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

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

Sector:Regulatory economics
Client:N/A
Published: June, 2005
Document type:

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

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Making the Best Use of Resources

Sector:Education and Labour Markets
Client:N/A
Published: May, 2006
Document type:

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

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Calculating the Costs and Profitability of Services in Price Squeeze Investigations

Sector:Regulatory economics
Client:LE Presentation
Published: July, 2006
Document type:

IIR conference on Regulatory Cost Accounting & Reporting for Telecoms in Vienna, Austria. July 4, 2006.

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The Impact of the Regulatory Framework on Investment Across the EU

Sector:Regulatory economics
Client:LE Presentation
Published: October, 2006
Document type:

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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Creating a Framework for Investment

Sector:Regulatory economics
Client:LE Presentation
Published: November, 2006
Document type:

7th ECTA Regulatory Conference, Brussels, November 17, 2006.

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Evaluation of Cumulative Impact of Safety, Health and Environmental Regulations on Various Chemicals Sectors: Issues, Challenges and Lessons Learned

Sector:Regulatory economics
Client:LE Presentation
Published: November, 2006
Document type:

DTI/BRE conference on the Evaluation of Regulation “Adding up the costs and benefits”, London , November 24, 2006.

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

Sector:Regulatory economics
Client:LE Presentation
Published: May, 2006
Document type:

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

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

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Consolidation in Electricity Markets in CEE: The Case of Hungary

Sector:Regulatory economics
Client:LE Presentation
Published: July, 2007
Document type:

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

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Infrastructure Choices for a Sustainable Economy

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

12TH Annual Northern Ireland Economic Conference 2007 “Facing the Challenges of the Northern Ireland Economy”, Belfast, October 3, 2007.

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

Sector:Regulatory economics
Client:LE Presentation
Published: October, 2007
Document type:

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

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Increasing Early Settlement Charges for Personal Loans by OTP-Bank Hungary – Abuse of Dominant Position or a Rational Business Response to a Demand Shock

Sector:Competition & Antitrust
Client:LE Presentation
Published: November, 2007
Document type:

5th Annual Conference of the Association of Competition Economists (ACE), Toulouse, November 2007.

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

Sector:Regulatory economics
Client:LE Presentation
Published: May, 2008
Document type:

16th CPDE, Portugal, May 2008.

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Road Testing of Consumer Remedies

Sector:Public Policy
Client:N/A
Published: July, 2009
Document type:

Office of Fair Trading, London, July 9, 2009.

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Why PETs? Stakeholder Views and Economic Considerations

Sector:Competition & Antitrust
Client:LE Presentation
Published: November, 2009
Document type:

European Commission, Brussels, November 12, 2009

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Stability, Competition and Crisis – What Are the Implications for Switching?

Sector:Finance
Client:N/A
Published: March, 2010
Document type:

CECI Seminar on Switching in Banking, Budapest, March 8-9, 2010.

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

Sector:Competition & Antitrust
Client:LE Presentation
Published: January, 2010
Document type:

IPO conference, London, March 10, 2010.

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UK Space Exploration Review Economic Analysis

Sector:Space
Client:LE Presentation
Published: April, 2010
Document type:

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

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

Sector:Regulatory economics
Client:LE Presentation
Published: April, 2010
Document type:

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

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Behavioural Economics and the Impact of Price Frames on Consumer Decision Making

Sector:Public Policy
Client:N/A
Published: November, 2010
Document type:

European Commission conference on Behavioural Economics, November 22, 2010.

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Measuring Consumer Detriment from Postal Quality-Price Misperceptions in France

Sector:Regulatory economics
Client:LE Presentation
Published: February, 2011
Document type:

CCRP workshop, Aston University, Birmingham, February 2011.

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Consumer Behavioural Biases in Competition

Sector:Competition & Antitrust
Client:N/A
Published: May, 2011
Document type:

Office of Fair Trading, May 4, 2011.

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

Sector:Regulatory economics
Client:LE Presentation
Published: June, 2011
Document type:

19th CPDE, CRRI, Jersey, June 2011.

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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:Regulatory economics
Client:LE Presentation
Published: June, 2011
Document type:

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

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Merger Control: Defending a Problematic Merger

Sector:Competition & Antitrust
Client:LE Presentation
Published: June, 2011
Document type:

Conference on Competition Law in Transition: Trends and Challenges, 15—17 June 2011, Dubrovnik.

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

Sector:Regulatory economics
Client:LE Working Paper
Published: January, 2002
Document type:

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

Sector:Regulatory economics
Client:LE Working Paper
Published: April, 2002
Document type:

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

Sector:Competition & Antitrust
Client:LE Working Paper
Published: May, 2002
Document type:

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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ICT Investment and Productivity in the UK: a Regional Assessment

Sector:Competition & Antitrust
Client:LE Economic Brief
Published: April, 2003
Document type:

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

Sector:Regulatory economics
Client:LE Working Paper
Published: June, 2004
Document type:

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

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Statistical Inference in Merger Analysis

Sector:Competition & Antitrust
Client:LE Working Paper
Published: 2004
Document type:

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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Rescue and Restructuring State Aid

Sector:Competition & Antitrust
Client:LE Working Paper
Published: August, 2005
Document type:

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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E-communications Investment in the EU

Sector:Regulatory economics
Client:LE Economic Brief
Published: July, 2006
Document type:

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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The EU Car Market Under the New BER

Sector:Competition & Antitrust
Client:EC DG Competition
Published: July, 2006
Document type:

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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Incorporating Quality of Service Measures Into Price-caps for Post

Sector:Regulatory economics
Client:LE Working Paper
Published: June, 2006
Document type:

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

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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:

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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Exclusive Contracts: Theory and Practice

Sector:Competition & Antitrust
Client:LE Working Paper
Published: May, 2008
Document type:

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

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Behavioural Economics and Experimental Economics

Sector:Behavioural Economics
Client:Hong Kong Communications Authority
Published: October, 2008
Document type:

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

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

Sector:Competition & Antitrust
Client:LE Working Paper
Published: December, 2008
Document type:

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

Sector:Regulatory economics
Client:N/A
Published: June, 2011
Document type:

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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Statistical Investigation of Needs Proxies

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

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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Experimental Study on Non-geographic Calls

Sector:Regulatory economics
Client:Ofcom
Published: September, 2011
Document type:

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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Competition-promoting Consumer Behaviour

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

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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Consumer Behaviour in a Digital Environment

Sector:Finance
Client:European Parliament
Published: August, 2011
Document type:

In a study for the European Parliament, London Economics has analysed the extent to which digital opportunities impact on consumer behaviour and the interaction between consumers and businesses. At issue is how consumers benefit from the digital environment and whether and how they change their purchasing strategies. E-developments and firm behaviour that impact on consumer […]

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Securities Trading, Clearing, Central Counterparties and Settlement in EU 25 – an Overview of Current Arrangements

Sector:Finance
Client:EC DG Competition
Published: June, 2005
Document type:

The report provides a description of the securities trading, clearing and settlement infrastructures of the cash equities and bonds markets in the 25 Member States of the EU (as of March 2005) and an assessment of the nature of the vertical agreements between the trading, clearing and settlement infrastructures.

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Using Experiments in Consumer Research

Sector:Regulatory economics
Client:N/A
Published: March, 2010
Document type:

Ofcom has published the report “Using experiments in consumer research” by London Economics. The work informs Ofcom about how behavioural and experimental economics can assist regulators in understanding consumer behaviour. The research implemented a controlled economic experiment which considered a number of options for improving the understanding of consumers when choosing telecommunication services funded through […]

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The Impact of Price Frames on Consumer Decision Making

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

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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Consumer Switching Experimental Economics Research

Sector:Regulatory economics
Client:Ofcom
Published: September, 2010
Document type:

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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Consumer Contracts

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

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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Digital Radio Switchover: Willingness to Pay and Consumer Behaviour Research

Sector:Regulatory economics
Client:N/A
Published: April, 2011
Document type:

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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Modelling EU Electricity Market Competition Using the Residual Supply Index

Sector:Regulatory economics
Client:LE Working Paper
Published: May, 2008
Document type:

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

Sector:Regulatory economics
Client:LE Economic Brief
Published: May, 2008
Document type:

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

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

Sector:Regulatory economics
Client:LE Working Paper
Published: 2009
Document type:

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

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Estimating the Impact of Access Conditions on Service Quality in Post

Sector:Regulatory economics
Client:LE Working Paper
Published: 2010
Document type:

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

Sector:Regulatory economics
Client:LE Economic Brief
Published: April, 2011
Document type:

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

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

Sector:Competition & Antitrust
Client:EC DG CORDIS
Published: August, 2010
Document type:

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

Sector:Competition & Antitrust
Client:CISCO Systems
Published: April, 2003
Document type:

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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London Economics Review of European Union Electricity Markets

Sector:Regulatory economics
Client:ESB
Published: April, 2003
Document type:

This study reviews the regulatory regimes in the EU member states and examines how the differences in regulatory policy and openness to investment are likely to have had an impact on new investment.

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

Sector:Regulatory economics
Client:EC DG Information Society
Published: July, 2006
Document type:

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

Sector:Regulatory economics
Client:EC DG Competition
Published: February, 2007
Document type:

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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The Functioning of Retail Electricity Markets in the European Union

Sector:Regulatory economics
Client:EC DG Health and Consumers
Published: November, 2010
Document type:

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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Competition in Upstream Sewage and Sludge Markets

Sector:Regulatory economics
Client:Ofwat
Published: March, 2010
Document type:

This research provides Ofwat with an independent assessment of the level of ‘in-the-market’ competition that already exists in the upstream sewage and sludge sector in England and Wales; an assessment of the scope for increasing competition in the sewage and sludge markets; and some options for further developing upstream competition in sewage and sludge markets.

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Development of an Approach to Distributing Supporting People Monies to Local Authority Areas

Sector:Public Policy
Client:Welsh Assembly Government
Published: September, 2008
Document type:

LE Wales were commissioned by the Welsh Assembly Government to examine the feasibility of introducing a formula-based mechanism for the distribution of Supporting People funds to local authorities. There was no presumption that such a mechanism was feasible and the intention was that any such mechanism should reflect the distribution of ‘need’ for housing-related support […]

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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:

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

Sector:Education and Labour Markets
Client:N/A
Published: June, 2010
Document type:

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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Review of the Customer Experience in the Employment and Skills System

Sector:Education and Labour Markets
Client:N/A
Published: 2010
Document type:

As part of its work on reviewing the employment and skills system from the perspective of the individual user, the UKCES has commissioned a literature review of the customer experience. The aim of this research is to review and analyse the available academic and publicly available research evidence and literature that details individuals’ experience of […]

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A Review of Costs and Benefits Associated with Parenting Interventions

Sector:Education and Labour Markets
Client:N/A
Published: October, 2007
Document type:

London Economics were commissioned to undertake a full scale review of the UK and international evidence relating to the costs and benefits of parenting interventions. This piece of analysis aims at separating out the impact or parenting characteristics and parenting interventions on child outcomes and was a crucial piece of evidence for policymakers in the […]

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Estimating the Price Elasticity of Demand for School Meals

Sector:Education and Labour Markets
Client:N/A
Published: 2010
Document type:

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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Estimating the Economic Benefits of Healthy Eating

Sector:Education and Labour Markets
Client:N/A
Published: June, 2009
Document type:

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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Small Business Cost of Capital

Sector:Regulatory economics
Client:Ofgem
Published: October, 2010
Document type:

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

Sector:Education and Labour Markets
Client:N/A
Published: June, 2011
Document type:

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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Estimating the Value of Educational Exports for the UK

Sector:Education and Labour Markets
Client:N/A
Published: June, 2011
Document type:

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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An Assessment of the Economic Returns Associated with Higher Education Qualifications

Sector:Education and Labour Markets
Client:N/A
Published: June, 2011
Document type:

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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Working Conditions in Road Transport: National Reports for France, Italy, Portugal and Sweden

Sector:Education and Labour Markets
Client:N/A
Published: October, 2002
Document type:

The reports for the European Foundation for the Improving of Living and Working Conditions assess the impact of trends such as globalisation, increased competition and developments in technology, and look at the role of social dialogue in the sectors. They also feature several examples of interesting and innovative practice at local and national level aimed […]

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Working Conditions in Hotels and Restaurants: National Reports for France, Italy, Portugal and Sweden

Sector:Education and Labour Markets
Client:N/A
Published: October, 2002
Document type:

The reports for European Foundation for the Improving of Living and Working Conditions assess the impact of trends such as globalisation, increased competition and developments in technology, and look at the role of social dialogue in the sectors. They also feature several examples of interesting and innovative practice at local and national level aimed at […]

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Polarisation and Financial Services Intermediary Regulation

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

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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Investigating the Use of Regional Economic Forecasting Models in Wales

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

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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Assessment of the Benefits of Universal Postal Service to Consignia

Sector:Regulatory economics
Client:Postwatch
Published: March, 2002
Document type:

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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Study on a Methodology for Identifying Sectors with Serious Structural Problems

Sector:Competition & Antitrust
Client:EC DG Competition
Published: December, 2002
Document type:

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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Comparing the Economic Performance of Family Businesses and Non-family Businesses

Sector:Education and Labour Markets
Client:European Foundation for the improvement of living and working conditions
Published: June, 2003
Document type:

This report for the European Foundation for the Improvement of Living and Working Conditions reviews the performance of family and non-family businesses. LE’s work surveys the key characteristics of family businesses and examines the empirical evidence comparing performance with non-family businesses. Four themes appear salient in linking the key characteristics with the business performance: ownership […]

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Assessment of Restrictions in the Supply of Professional Services

Sector:Competition & Antitrust
Client:N/A
Published: March, 2003
Document type:

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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PR04 Scope for Efficiency Studies

Sector:Regulatory economics
Client:Ofwat
Published: November, 2003
Document type:

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:

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

Sector:Regulatory economics
Client:Ministry of Transport and Communications of Norway
Published: December, 2003
Document type:

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

Sector:Finance
Client:European Foundation for the improvement of living and working conditions
Published: July, 2003
Document type:

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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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:

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:EC DG Competition
Published: February, 2004
Document type:

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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A Synthesis of the Mid-term Evaluations of the FIFG 2000-2006

Sector:Public Policy
Client:EC DG Fisheries
Published: March, 2004
Document type:

This report for the European Commission – Directorate General For Fisheries summarises and highlights the key findings of 49 mid-term evaluations of the Financial Instrument for Fisheries Guidance 2000-2006. The results of the report were presented at the conference organised by the European Commission “Steering Towards 2007-2013: What Financial Support for the Common Fisheries Policy […]

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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 & Antitrust
Client:EC DG Enterprise and Industry
Published: June, 2004
Document type:

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

Sector:Regulatory economics
Client:CREG
Published: October, 2004
Document type:

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:Regulatory economics
Client:Postwatch
Published: July, 2004
Document type:

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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The Costs and Benefits of Integration of EU Mortgage Markets

Sector:Finance
Client:EC DG Internal Market and Services
Published: August, 2005
Document type:

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

Sector:Education and Labour Markets
Client:EC DG Education Arts and Culture
Published: December, 2005
Document type:

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

Sector:Education and Labour Markets
Client:N/A
Published: December, 2005
Document type:

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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Drivers of the Size of the HE Estate

Sector:Education and Labour Markets
Client:N/A
Published: March, 2005
Document type:

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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The Cost Of Space

Sector:Education and Labour Markets
Client:N/A
Published: March, 2005
Document type:

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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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:

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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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:

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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The Costs of Welsh Medium Provision in Higher Education Institutions

Sector:Education and Labour Markets
Client:N/A
Published: June, 2006
Document type:

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

Sector:Competition & Antitrust
Client:EC DG Competition
Published: June, 2006
Document type:

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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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:

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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Study on the Economic Impact of Auditors’ Liability Regimes

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

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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The Case for State Lotteries

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

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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Research into Payment Protection Insurance in the UK

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

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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Incentive Proposals for Quality of Service Measures in Finnish Electricity Distribution

Sector:Regulatory economics
Client:EMV
Published: November, 2006
Document type:

This report, prepared for the Energy Market Authority of Finland (EMV) reviews how customer quality of service be regulated and recommends that the regulation include some form of incentives that result in rewards or penalties if measured targets are not met. It also proposes that specific regulations be enacted for separate service categories and reviews […]

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International Case Studies of the Commercial Use of Public Information

Sector:Competition & Antitrust
Client:Office of Fair Trading
Published: December, 2006
Document type:

This report, undertaken for the OFT as part of its market study into the commercial use of public information, provides background information on the general public sector information policy of Australia, Sweden and the United States and examines in detail the policies and practices of three different Public Sector Information Holders (PSIH) in each country, […]

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The Economic Benefits of a Degree

Sector:Education and Labour Markets
Client:N/A
Published: February, 2007
Document type:

London Economics were commissioned by Universities UK in association with PricewaterhouseCoopers LLP to undertake a review of the economic evidence relating to the benefits of higher education qualification attainment. The report illustrated the significant benefits from undertaking a degree; the variation of economic outcomes depending on a number of factors; as well as the likely […]

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Review of Statistical Planning Issues Underlying Welsh Medium Initial Teacher Training

Sector:Education and Labour Markets
Client:N/A
Published: March, 2007
Document type:

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

Sector:Space
Client:EC DG Enterprise and Industry
Published: April, 2007
Document type:

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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IBPT Decision on the Approach to the Regulation of Price Squeeze in Telecommunications Markets

Sector:Regulatory economics
Client:Institut Belge de Poste et Telecommunications
Published: July, 2007
Document type:

London Economics assisted the Institut Belge de Poste et Telecommunications with the development of IBPT’s guidelines on its approach to the regulation of price squeeze in telecommunications markets. LE, working with legal advisors McDermott Will & Emery/Stanbrook LLP, advised on regulatory practices in other countries, on the appropriate structure of the test and on the […]

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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:

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

Sector:Education and Labour Markets
Client:N/A
Published: November, 2007
Document type:

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

Sector:Public Policy
Client:EC DG Enterprise and Industry
Published: January, 2008
Document type:

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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Interim Evaluation of Welsh Medium Teaching Schemes

Sector:Education and Labour Markets
Client:N/A
Published: April, 2008
Document type:

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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Economic Impacts of Increased Flexibility and Liberalisation in European Spectrum Management

Sector:Regulatory economics
Client:N/A
Published: April, 2008
Document type:

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

Sector:Education and Labour Markets
Client:N/A
Published: May, 2008
Document type:

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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Analysis of the Regulatory Environment Facing the Owners of London Heathrow

Sector:Regulatory economics
Client:London First
Published: June, 2008
Document type:

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 and Labour Markets
Client:N/A
Published: June, 2008
Document type:

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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Impact Assessment for Proposed Changes to UK Copyright Law

Sector:Competition & Antitrust
Client:UK Intellectual Property Office
Published: June, 2008
Document type:

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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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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2008 SMG Model

Sector:Education and Labour Markets
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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Study on the Role and Regulation of Non-credit Institutions in EU Mortgage Markets

Sector:Finance
Client:EC DG Internal Market and Services
Published: September, 2008
Document type:

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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Impact Evaluation of the Tradeshow Access Programme (TAP)

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

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

Sector:Finance
Client:EC DG Internal Market and Services
Published: November, 2008
Document type:

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

Sector:Finance
Client:EC DG Internal Market and Services
Published: November, 2008
Document type:

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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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:

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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Economic Impacts of Large Scale Infrastructure Investments – Review of International Evidence

Sector:Public Policy
Client:N/A
Published: November, 2008
Document type:

This study reviews the international literature on the economic impacts of large scale investments in both physical and intellectual infrastructure. Evidence across a range of sectors is examined, including transport, ICT, education and renewable energy.

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

Sector:Education and Labour Markets
Client:N/A
Published: December, 2008
Document type:

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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An Analysis of Teacher Mobility Within the European Union

Sector:Education and Labour Markets
Client:European Parliament
Published: December, 2008
Document type:

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

Sector:Education and Labour Markets
Client:N/A
Published: January, 2009
Document type:

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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Innovation in the Water Industry in England and Wales

Sector:Regulatory economics
Client:N/A
Published: February, 2009
Document type:

As part of the independent Cave Review of competition and innovation in water markets, London Economics undertook a benchmarking exercise of innovation across all water and sewerage companies in England and Wales. The work also provides international comparisons of innovation,, and assesses the barriers to innovation and how these may be addressed.  

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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:

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 and Labour Markets
Client:N/A
Published: May, 2009
Document type:

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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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:

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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The Use of Needs Based Formulae in the Allocation of Public Resources

Sector:Public Policy
Client:Independent Commission on Funding and Finance for Wales
Published: July, 2009
Document type:

This report for the Independent Commission on Funding and Finance for Wales (the ‘Holtham Commission’) reviews the international literature on the use of needs based formulae for allocating public funds. The report provides a discussion of some of the key issues that are associated with constructing and using needs based distribution formulae and provides an […]

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

Sector:Public Policy
Client: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 and Labour Markets
Client:N/A
Published: July, 2009
Document type:

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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Evaluation of a Sample of OFT’s Consumer Enforcement Cases

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

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:City of London Corporation
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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An Assessment of the UK Discretionary Penalties Regime

Sector:Competition & Antitrust
Client:Office of Fair Trading
Published: October, 2009
Document type:

In this published report by the OFT, London Economics studies the efficacy of the UK discretionary penalty regime. The study benchmarks the OFT regime against other main jurisdictions and frames it within the theoretical debate on the determinants of an ‘optimal’ penalties regime. The report informs this question by analysing the academic literature and providing […]

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Study on Consumer Detriment in the Area of Dynamic Packages

Sector:Public Policy
Client:EC DG Health and Consumers
Published: November, 2009
Document type:

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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Space Exploration Review

Sector:Space
Client:British National Space Centre
Published: December, 2009
Document type:

In 2009 London Economics completed an economic analysis for the British National Space Centre (BNSC) of future business opportunities arising from future space exploration investment in the UK. The analysis used a cost-benefit approach and assessed the benefits to the UK in 6 areas: Tele-robotic and autonomous drilling providing access to inhospitable environments on earth […]

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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:

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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Model of Estate Costs (MEC)

Sector:Education and Labour Markets
Client:N/A
Published: March, 2010
Document type:

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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Evaluation of OFT Competition Advocacy

Sector:Competition & Antitrust
Client:Office of Fair Trading
Published: April, 2010
Document type:

London Economics was commissioned to conduct an evaluation of the impact of the OFT competition advocacy interventions. A survey of government officials illustrates that competition advocacy is valued by those receiving the advice, often resulting in changes to delivery and, in cases, to the very objectives of the policy. The report also explores, with the […]

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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:N/A
Published: May, 2010
Document type:

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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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:

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

Sector:Competition & Antitrust
Client:EC DG Freedom, Security and Justice
Published: July, 2010
Document type:

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:

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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Review of Student Support Arrangements in Other Countries

Sector:Education and Labour Markets
Client:N/A
Published: September, 2010
Document type:

London Economics were commissioned by the Department for Business Innovation and Skills to undertake a detailed information gathering exercise and analysis ahead of the Browner Review of higher education fees and funding Review. The analysis involved the collection of detailed information on the structure of student support arrangements for full and part time students in […]

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A Graduate Tax: Would It Work?

Sector:Education and Labour Markets
Client:N/A
Published: September, 2010
Document type:

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

Sector:Finance
Client:City of London Corporation
Published: October, 2010
Document type:

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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Fostering Allowances and a Fees Framework for Foster Carers in Wales

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

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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Returns to BTEC Vocational Qualifications

Sector:Education and Labour Markets
Client:N/A
Published: October, 2010
Document type:

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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The Nature and Impact of Hardcore Cartels

Sector:Competition & Antitrust
Client:Danish Competition and Consumer Authority
Published: January, 2011
Document type:

This study analyses the nature and impact of hardcore cartels and other economic crimes based on a review of relevant academic literature. The study was commissioned by the Danish Competition and Consumer Authority and its findings feed into work being undertaken by a committee set up by the Danish Government with a mandate to assess […]

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The Contribution of Insurance Brokers to the UK Economy

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

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

Sector:Finance
Client:EC DG Internal Market and Services
Published: March, 2011
Document type:

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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Review of Respite Care in Wales

Sector:Public Policy
Client:Welsh Assembly Government
Published: 15 March, 2011
Document type:

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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