A Comment on "Phoenix from the Ashes" by Chris Green, for Institute of Economic Affairs. The failure to deliver the performance on the railways which its customers demand has led to a host of proposals for reform. These are often self-interested, and rang
Published in 'A Mortgaged Future: The Consequences of UK Energy Policy', proceedings of a British Energy seminar, held before a large audience of politicians, civil servants, business people, academics and others.
Paper for the DETR Academic Panel. This paper addresses what might at first sight be deemed an impossible question: how to advise government on further applications of economic instruments to environmental policy, within the constraints of not taxing the
Beesley Lecture, Institute of Economic Affairs, London, October 17th 2000. Very few privatisations have been free of teething problems, and all new regulatory bodies have faced criticisms, made mistakes, and had to improvise and adapt with experience. Per
Paper for the Competition Commission. The 'good behaviour' clause adds another substantive layer of sector regulation to the electricity industry, at a time when significant structural changes are taking place, when NETA is being introduced, and when the
Paper for the DTI. In the debates surrounding the Communications White Paper and subsequent legislation, a key issue is whether the regulatory architecture should separate out or integrate economic and content regulation. This note argues that: the ec
Memorandum of Evidence submitted to the House of Commons Environmental Audit Committee's Inquiry into Water Prices and the Environment. This memorandum focuses on: the institutional context of the water periodic review, the quadripartite process, the role
Memorandum of Evidence submitted to the Environmental Audit Committee. This memorandum focuses on: the institutional context of the water periodic review, the quadripartite process, the role and incentives of the water companies, and the ways in which the
Paper for the DTI. This brief paper focuses on the scope of the draft guidance and the impact on the cost of capital. It does not address the detailed components.
Paper for the DTI. This brief paper focuses on the scope of the draft guidance and the impact on the cost of capital. It does not address the detailed components.
It has become a conventional wisdom that regulation is at best a necessary evil and at worst an inhibition to productivity, employment, and economic growth. There are strident demands, predominantly from industrial interests, for the 'regulatory burden' t
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