NERA has made many important contributions to both the theory and the practice of regulatory economics over the past half century. This experience is more relevant than ever, as policy makers are increasingly using economic analysis in their assessment of options for the institutional structure and scope of regulation. Economic analysis is especially well suited to the task of designing and reforming regulatory institutions and methods because it is grounded in the principles of welfare maximization through market design. NERA experts, who are well versed in the most up-to-date and relevant research in these areas, use economics to help analyze issues, provide insights, and formulate practical, innovative solutions to a wide range of problems.
Our economists advise public bodies, regulators, and companies on how best to achieve efficiency and financial improvements through restructuring and privatization. We help companies and governments attain fiscal balance through the design of institutional and regulatory frameworks. Expert economic advice is essential for an understanding of the benefits and costs of different policy options, the extent to which industry restructuring is desirable and the need for and most effective forms of regulation. NERA advises regulators, governments, and industry on all these issues. We are also closely associated with what are now characterized as among the world's most successful reform initiatives in the electric utility, water, communications, and transport sectors.
