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Issue 12 December 2003
In this issue are the following articles:
Property rights and regulation
Regulatory regimes may affect property rights in ways that have a substantial impact on economic growth and efficiency. But this point is often overlooked by politicians and regulators when they consider alternative approaches to regulation. The ISCR's Neil Quigley has been exploring the nature of property rights; and here he looks at the impact that regulatory choices may have on property rights.
To speed, or not to speed?
Speed limits serve an important purpose in helping keep our roads safe. But sometimes a little speeding goes a long way, says Richard Frogley.
Vive la difference!
The relationship between Parliament and the courts has always been an interesting subject, at least since the end of the seventeenth century. The two bodies have different functions and a different place in our society - and the Rt Hon Sir Duncan McMullin, a former judge of the High Court and the Court of Appeal, emphasises the need to preserve these differences.
Courting the environment
The Environment Court is a critical component of New Zealand's Institutional structure for allocating resources and managing conflicting demands. It plays a pivotal role in the framework for establishing property rights (such as consents and appeals relating to plans) and impingements on those rights (such as appeals relating to individual resource consents). Over time, Environment Court decisions provide both incentives and information to those who manage resources. Richard Hawke from Victoria University's Earth Sciences here follows on from his earlier article (in Competition & Regulation Times April 2003) and describes outcomes and processes of Environment Court decisions.
If the river runs dry...
As populations grow and demand for clean water increases, the allocation of scarce water resources becomes an increasingly important task, even in New Zealand's relatively water-rich environment. In the first series of articles on water, Kevin Counsel wades straight into the deep end to review water-allocation practice both here and overseas.
Free ISPs: Another battle in the wired wars
The New Zealand telecommunications experience in 2001 uniquely illustrates the process of competition in a network-series market characterised by technological change and minimal regulation. Annemieke Karel analyses the episodes of free internet services in the context of strategic interaction between telecommunication operators.