Issue 7 April 2002
In this issue are the following articles:
Competition: What do you mean? asks ISCR Executive Director, Lewis Evans
In sport, we like hot competition. It brings out skilful play, and generates exciting tournaments. Participants receive tangible rewards (blue ribbons and dollars) and intangible rewards (satisfaction and excitement). The excitement and the appreciation of player skills attract consumers of all sorts, from the couch potato to the avid game-chaser. Vigorous rivalry creates the drive to develop new strategies, improve skills and create fresh spectacles. The rules evolve so that the game continues to be fresh and exciting.
One filming to bind them
Evil Lords, Hobbits and Eleven Kings might seem a world away from Wall Street but, as Steen Videbeck and Graeme Guthrie explain, behind the making of Peter Jackson's adaptation of JRR Tolkien's cult trilogy The Lord of the Rings lies a fascinating application of one of the hottest techniques in modern financial theory- Real Options Analysis (ROA)
Authors:
Steen Videbeck, Graeme Guthrie
What is the objective of the Commerce Act?
Recent legislative amendments have confused the objective of the Consumer Act. James Mellsop explains.
Author:
James Mellsop
Unbundling the debate over bundling in the dairy industry
Building continues to be controversial in the co-operative dairy business. Bundling is the term for lumping together the payment (per kg of milk) to farmers for milk production, with a return from processing. Bundling has a very long history in New Zealand, however, the gradual introduction of fair value share pricing by dairy co-operatives in the 1990's, continued by Fonterra, and combined with Fonterra's valuation process, provides a separation of payments for off-farming processing from those for milk supply that can be expected to significantly improve the economic performance of the dairy industry.
Fur patrol: How much is good for us?
Martin Richardson considers the economics of local content quotas in radio broadcasting.
Author:
Martin Richardson
New Zealand maintains cutting edge e-leadership
A recent ISCR report confirms that New Zealanders are amongst the most Internet -connected people in the OECD.
Broadband: Pipes to nowhere?
Local loop unbundling can't explain low broadband uptake says Bronwyn Howell.
