Thursday, 10 October 2013

Various teaching links
List of innovators killed by their own innovation 

Supply and demand strikes again: chocolate

What is Heathrow's Cost of Capital?
1. In 2002 CC estimated a pre-tax costs 7.75%.
2. In  2007 we at the CC (I was a member of the Competition commission at the time and worked on the BAA inquiry) estimated 4.8 to 6.4 and settled for 6.2 for LHR (and 6.5 for LGW)
3.  The CAA is now recommending 5.6 for LHR now and 5.9%% for LGW.

That looks tighter than last year, but not outside the range that we estimated in 2007.