We advise regulators and companies on how best to introduce, implement and adapt to regulatory frameworks. Our team has a long history of moving regulatory debates forward, from the early price control reviews post-privatisation in the UK, to the introduction of new regimes in the developing world. We have advised clients in many regulatory reviews and supported clients in appeal cases.
We are experts in behavioural economics, in regulatory and commercial contexts, and well-versed in the significant benefits it brings to regulated markets. Changing behaviour requires a detailed understanding of the links between outcomes (market shares), specific market player behaviours (switching), drivers of those behaviours (economic or psychological), and the levers that move those drivers.
For all clients, we provide first-hand and detailed understanding of best practice regulation and we appreciate the importance of the wider context in which regulatory frameworks develop. Our expertise in the economics of regulation (on which we have published widely) combines with our unrivalled experience working within regulatory frameworks throughout Europe.
We bring in-depth knowledge of regulation in many different sectors: the ‘utility’ industries of energy, water and telecommunications, transport, financial services, healthcare and pharmaceuticals.
The what, why and how of “Demand-side Remedies” Intervening on the supply side isn’t always the best way to solve competition problems, and so regulators have increasingly tried to find ways of dealing with market imperfections on the demand side. Hence the flurry of requests to make prices more transparent, provide comparative information or nudge […]