The New Zealand Institute for the Study of Competition and Regulation · ISCR: Recent submissions

  • An Analysis of State Aid from Europe to New Zealand 
    Karel, Annemieke (Te Herenga Waka—Victoria University of Wellington, 2005)
    Where state aid is distorting competition and creating inefficiencies it should and can be (self-)regulated. The European system of external monitoring and disciplines that the countries within the European Union are ...
  • Options Provided by Storage can Explain High Electricity Prices 
    Evans, Lewis; Counsell, Kevin; Guthrie, Graeme (Te Herenga Waka—Victoria University of Wellington, 2006)
    Generators supplying electricity markets are subject to volatile input and output prices and uncertain fuel availability. Price-risk may be hedged to a considerable extent but fuel-risk - water flows in the case of hydro ...
  • Money and Medicines: An Economic Analysis of Reference Pricing and Related Public-sector Cost-containment Systems for Pharmaceuticals with Special Reference to New Zealand, by Alan Woodfield, John Fountain and Pim Borren (a review) 
    Quigley, Neil; Evans, Lewis (Te Herenga Waka—Victoria University of Wellington, 1998)
    Money and Medicines (WFB) analyses government provision of prescription pharmaceuticals in New Zealand focussing on the performance of the Pharmaceutical Management Agency Ltd. (Pharmac). Pharmac is a wholly owned subsidiary ...
  • The East Asian Financial Crisis 
    Young, Leslie (Te Herenga Waka—Victoria University of Wellington, 1998)
    After describing the major events in the regional financial crisis I shall link them to structural problems in Asian finance. These structural problems arise from institutional limitations grounded in the culture and ...
  • Pay Peanuts and Get Monkeys? Evidence From Academia 
    Boyle, Glenn (Te Herenga Waka—Victoria University of Wellington, 2006)
    This article can be found at: The Berkeley Electronic Press Using some unique data from the New Zealand academic system this paper examines the relationship between worker quality and labour market value in a remuneration ...
  • Common Elements in the Governance of Deregulated Electricity Markets, Telecommunications Market and Payment Systems 
    Quigley, Neil; Evans, Lewis (Te Herenga Waka—Victoria University of Wellington, 1998)
    We use the telecommunications industry and electricity market in New Zealand and payments systems in Canada and New Zealand to examine the implications of modern network technology for the organisation and governance of ...
  • The Ultimatum Game: Optimal Strategies without Fairness 
    Evans, Lewis; Burnell, Stephen; Yao, Shuntian (Te Herenga Waka—Victoria University of Wellington, 1999)
    The Ultimatum game is simple and this facilitates its use in the study of predictions of game theory. Experimental evidence suggests that it doesnot predict individual behavior well unless individuals gain welfarefrom ...
  • The Accident Compensation Scheme and Unfunded Liability 
    Evans, Lewis (Te Herenga Waka—Victoria University of Wellington, 1998)
    The ACC is currently funded on a pay-as-you-go (pay-go) basis. This means that levies on participants in the scheme cover only its current period operating costs. In the past these costs have been lower than the amount ...
  • Trade Reform in New Zealand: Unilateralism at Work 
    Evans, Lewis; Richardson, Martin (Te Herenga Waka—Victoria University of Wellington, 2002)
    The aim of this paper is to consider the political forces behind these tradereforms with an eye towards explaining the political success of the unilateral approach. We seek to provide some answers to the following sorts ...
  • Open Ownership - Not Common Carriage 
    Alger, Dan (Te Herenga Waka—Victoria University of Wellington, 1998)
    We consider regulating natural monopolies with open ownership and competitive rules as a substitute for common carriage regulation and illustrate it with an application for natural gas pipelines. A single set of production ...
  • The Critical Importance of Information: Incentive Regulation and its Application in Electricity 
    Evans, Lewis (Te Herenga Waka—Victoria University of Wellington, 1998)
    This paper outlines the key distinguishing features of light- and heavy-handed regulation. It Provides an analysis of the importance of informational issues for the conduct of commerce Provides an analysis of informational ...
  • Exclusive Dealing in New Zealand Alcoholic Beverage Markets 
    Mulcare, Tim (Te Herenga Waka—Victoria University of Wellington, 1998)
    This paper analyses exclusive dealing in New Zealand alcoholic beverage markets. Various explanations were used to argue against statutory prohibitions on exclusive dealing in New Zealand alcoholic beverage markets at the ...
  • The Theory and Practice of Privatisation 
    Evans, Lewis (Te Herenga Waka—Victoria University of Wellington, 1998)
    In this paper the arguments for privatisation are reviewed in some depth. Forcompetitive markets the view of Balladur (1997 54) that "The state has no legitimate grounds for assuming control over business in the competitive ...
  • Regulation of Access to the Telecommunications Network of New Zealand: A Review of the Literature 
    Vogelsang, Ingo (Te Herenga Waka—Victoria University of Wellington, 2000)
    The rapid widespread technological change and concomitant deregulation of network industries has engendered a burgeoning demand for connection between technologically like as well as technologically unlike networks. The ...
  • The Relative Costs of Local Telephony Across Five Countries 
    Alger, Dan; Leung, Joanne (Te Herenga Waka—Victoria University of Wellington, 1999)
    In this paper we take three steps towards evaluating the relative performanceof the telecommunications markets in these five countries. First weidentify and then limit our examination to only those components of ...
  • Globalization and Financial Regulation 
    Young, Leslie (Te Herenga Waka—Victoria University of Wellington, 1999)
    There has been no shortage of villains in the financial crisis which began in Asia and has now encompassed all major emerging markets: bankers regulators hedge funds and the IMF have all been excoriated for incompetence ...
  • The Political Economy of Six O'clock Closing 
    Mulcare, Tim (Te Herenga Waka—Victoria University of Wellington, 1999)
    Public bars in New Zealand traded from nine o'clock a.m. to six o'clock p.m. from Monday to Saturday between 1917 and 1967 despite the fact that demand was concentrated on five out of six trading days in the hour before ...
  • Contracting, Incentives for Breach, and the Impact of Competition 
    Quigley, Neil; Evans, Lewis (Te Herenga Waka—Victoria University of Wellington, 1999)
    In this paper we provide an economic perspective on the application of competition law to contracts.
  • The Privatization of New Zealand Rail Part 2: Quantitative Cost Benefit Analysis 
    The New Zealand Institute for the Study of Competition and Regulation (Te Herenga Waka—Victoria University of Wellington, 1999)
    In this study we estimate the social impact of privatisation by means of cost-benefit analysis. It includes assessing the performance of the privatised firm against counterfactual situations and examining economic efficiency ...
  • Thresholds for the Scrutiny of Mergers and the Problem of Joint Dominance 
    Quigley, Neil; Evans, Lewis; Hughes, Patrick (Te Herenga Waka—Victoria University of Wellington, 1999)
    In this Report we consider:1. How the potential for tacit and explicit collusion associated with joint dominance can best be assessed in merger applications.2. Whether the inclusion in section 47 of the Commerce Act of the ...

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