Luke Wainscoat has over ten years’ experience of a wide range of competition and regulatory matters in Australia, New Zealand and the European Union.
Luke has a particular expertise in the application, interpretation and presentation of empirical analysis to provide clients with clear and focused advice for informing high-stakes decisions on competition and commercial damages matters.
Luke has advised clients on a number of antitrust issues, including merger clearance processes, applications for authorisation, access to bottleneck facilities, cartel investigations and the effect on competition of agreements and exclusive dealing. For example, he has undertaken analysis that established the appropriate market definition and likely competitive effects of numerous mergers and agreements, for use by clients in presenting their case to the Australian Competition and Consumer Commission (ACCC).
Luke has provided economic advice in relation to competition matters to a wide range of clients over many industry sectors, including cement, electrical wires, tobacco products, thoroughbred breeding, solar panels, banking, insurance, communications, magazines, travel agency, airlines, beer, dairying, coal, steel, ports and gas pipelines.
Luke has provided economic advice in relation to a range of commercial damages matters in the coal, pharmaceutical, gas and car sectors. These typically involve calculating the loss that was incurred by an individual or firm based on determining the likely prices and/or quantities sold in a counterfactual world in which some event that caused the loss did not take place. Luke is an expert at determining and applying the appropriate quantitative techniques to calculate such a loss.
On regulatory matters, Luke has undertaken a number of assignments concerning the appropriate form of economic regulation of infrastructure services in the electricity, gas, telecommunications, disability and rail sectors. He has undertaken a wide range of projects from examining how the National Disability Insurance Agency should change the regulation of prices for disability services to determining the optimal structure for electricity distribution network tariffs.
Luke holds a PhD in Economics and a Master of Commerce in Economics from the University of Melbourne. His PhD thesis focused on understanding when firms and their managers will collude with each other. He also holds a Bachelor of Science in Economics from the University of Warwick in the United Kingdom. Luke is a guest lecturer at Sydney University, where he has provided lectures on competition and regulatory economics in the law school and the economics faculty over the past three years.