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The Debt Maturity Issue in Access Pricing (working paper, September 2012), revised version published in Economic Record, September 2014

Risk Sharing and Access Pricing, 2014

"Access Pricing and Asset Valuation" Agenda, 9, 3, 2002, 65-77

"The Design of Regulatory Pricing Models for Access Arrangements: Inflation, Tax and Depreciation Considerations", Accounting Research Journal 2004. 17, 1, pp 6-18

"Access Regime Design and Required Rates of Return: Pitfalls in Adjusting for Inflation and Tax" Journal of Regulatory Economics 2006, 1,

"Measuring the Cost of Capital: Lessons from Access Pricing" 2002 

 "Risk Sharing Arrangements and Access Pricing", 2000

"Public Policy and Efficiency: Some Lessons from Reform of the Australian Gas Industry", 1999

"The cost of capital and access arrangements" (with John Handley) pp161-184 in M Arblaster and M Jamison (eds) Infrastructure Regulation and Market Reforms: Principle and Practice, Australian Competition and Consumer Commission and Public Utilities Research Center, AusInfo, Canberra, 1998


"The CAPM and Access Pricing" in CAPM Session: The CAPM:should regulators be looking at alternatives? ACCC Regulatory Conference, 24-25 July 2008, Gold Coast


"A WACC Sanity Check" ACCC Workshop: Review of draft regulatory principles 2 April 2004

 "Problems in Cost of Capital Estimation" 1999

"Risk Sharing Arrangements in Australian Regulatory Access Pricing" 2000

"Public Policy and Efficiency: Some Lessons from the Reform of the Australian Gas Industry", 2000 

Publicly Available Consulting Reports:

Kevin Davis peer review on the SFG report on the cost of capital parameters for Sydney Desalination Plant Pty Ltd - August 2011

"Cost of Equity Issues: A Report for the AER" Jan 2011

"Cost of Equity Issues: A further report for the AER" July 2011

"Cost of capital parameters for Sydney Desalination Plant: By SFG Consulting: An initial review for IPART", August 2011

"Asset Beta and Cost of Capital for Australia Post" July 2002

"Weighted Average Cost of Capital for Sydney Airport" Jan 2000


"Cost of Capital for Greenfields Investments in Pipelines" (with John Handley) April 2002


"Risk Free Interest Rate and Equity and Debt Beta Determination in the WACC" August 2003 Attachment C to ACCC, Discussion paper 2003 - review of the draft regulatory principles (28 August 2003)