Issue 1 June 2000
In this issue are the following articles:
Internet cheaper in NZ: Our regulations better?
Strong competition is quickly reducing Internet charges in New Zealand, according to a new study from the Institute for the Study of Competition and Regulation.
Authors:
David Boles de Boer, Christina Enright,
Lewis Evans
Size matters, and so does the pace of change
Tis the season to be reviewing, judging by the New Government's industry reviews of telecommunications and electricity. But is it the season to be regulating?
Was "Women's Lib" bigger than "Rogernomics" for labour markets?
Social and economic historian Tim Mulcare says that the direction of labour market reforms owes more to the social changes of the 1960s than the economic reforms of 1984, and should not have come as a surprise.
Author:
Tim Mulcare
Regulating when people are few and far between
Population density has emerged as a significant factor when New Zealand compares its prices with those in other countries.
Authors:
Dan Alger, Joanne Leung
Is a Crony Capitalist taking your Asian dividends? The case for regulatory or legal constraint.
In a guest lecture at ISCR, Professor Leslie Young explored the dividend payment practices of corporations in Europe and East Asia and found evidence for the theory that "crony capitalism" may have contributed to the Asian financial crisis.
Authors:
Mara Faccio, Larry H.P. Lang, Leslie Young
Macroeconomic Stability: Good Luck, Good Policy or Good Management?
Good macroeconomic policy isn't the only influence keeping New Zealand's macroeconomy relatively stable. Responsive managers and new technology deserve some credit says Bob Buckle.
Author:
Robert A. Buckle
Good contracts are an alternative to Co-operative structures
How to share risk between growers and processors is a common problem in many of our land-based industries. In New Zealand these issues are sometimes dealt with by co-operatives and other forms of vertical integration- some of which are statutory monopolies. But some industries handle the issues a different way.
Being certain about what you are regulating - and why
In his editorial in this newsletter, ISCR's Executive Director, Prof. Lew Evans suggested that unique aspects of New Zealand, combined with the pace of change, might mean that effective New Zealand regulations will be different from those overseas. Even so, Prof. Evans says in this feature article, there are some overseas lessons that should not be ignored.
The world is spinning faster
If you think things are changing faster and faster, you're right - and that has implications for how markets are regulated.
Authors:
Rajishree Agarwal, Michael Gort
Breaking up is bad to do
With the proposed enforced break-up of Microsoft now before the US courts, it is timely to review the costs and benefits of previous attempts to regulate Microsoft.
Authors:
George Bittlingmayer, Thomas Hazlett
