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University of Chicago

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Library by Topic - Network industries

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Speeches and presentations

Reducing Barriers to Investment in Infrastructure

30 November 2004, Roger Kerr

Roger Kerr's speech to the Conferenz Instructure Conference in Auckland on 30 November 2004.


Cars are a Good Thing

30 March 2001, Roger Kerr

Removing Lead from the Saddlebags: Challenges for New Zealand in a Global Setting

8 March 2001, Ralph Norris

The Ministerial Inquiry into Telecommunications

13 November 2000, Bryce Wilkinson

Roles for Private and Public Capital in Infrastructure Development: New Zealand Experience

13 November 2000, Ralph Norris

Water Reform Imperatives

8 March 1999, Roger Kerr

The New Zealand Road Reforms: Process, Decisions and Implementation

6 May 1998, Roger Kerr

Politics and Water Don't Mix

24 April 1998, Roger Kerr

Corporatisation and Privatisation of Water Supply

26 February 1998, Roger Kerr

The Water Ideologues

29 August 1997, Roger Kerr

Reform of New Zealand's Water Utilities: The Snail's Pace of Progress

24 March 1997, Roger Kerr

Improving Transport Sector Performance

20 November 1996, Roger Kerr

The New Zealand Transport Industry

29 August 1996, Roger Kerr

Privatisation and Infrastructure

14 June 1996, Robert Poole

Books and reports

Private and Political Markets Both Fail: A Cautionary Tale About Government Intervention

17 December 2004, David Friedman

One problem in any technical field is that some technical terms sound like ordinary language, and people outside the field, familiar with their ordinary meaning, mistakenly assume they understand them. Consider all the people who think they really understand the theory of relativity - except for the details. "Everything is relative. That makes sense." The term 'market failure' raises the same problem because it sounds as though it means the failure of markets. Market failure is a real phenomenon, a real problem in the organisation of human societies, but it has nothing in particular to do with markets - or at least, it has no more to do with markets than it has to do with governments, battles, families and much else.

My purpose is to explain what market failure means, why its existence is commonly employed as an argument for government regulation of markets, and finally why, while it is an argument against free markets, it is a stronger argument against the alternatives. As we will see, the problem described by 'market failure' occurs both in private markets and in the political and regulatory systems that are the usual alternatives to the private market, but is very much more common in the latter.


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Telecommunications Regulation

1 April 2000, Richard A Epstein

The general question that I have been asked to address is this: how to think about telecommunications regulation. My comparative advantage is not in particular knowledge of the ongoing New Zealand dispute on how heavy- or light-handed telecommunications regulation ought to be, although I have some weak instincts on that subject that I will share with you in due course. Instead, it is probably better for me to approach the topic by talking about the stages of network communication deregulation in the United States as it evolved through to the 1996 Telecommunications Act. As is so often the case, it is critical here to speak not only of the statutes involved, but also of their administrative and judicial interpretation. One of the great perils of telecommunications regulation is that the need to create ongoing administrative oversight opens the door to massive political influence that is extremely difficult, even in the best of circumstances, to counteract.


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Regulation of Network Industries: The Case of Telecommunications

1 May 1998, Prepared for the NZBR by Capital Economics Limited

There is no summary available for this publication.


NZ $22.50
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Reform of the Water Industry

1 August 1997, C S First Boston New Zealand

NZ $33.75
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Reform of the Water Industry

1 August 1995, Susan Begg

This report examines the potential for reforming the water industry. It focuses on mechanisms for allocating water between different uses as well as the institutional arrangements governing businesses that supply water and wastewater services. It discusses possible problems with the status quo and examines options for reform.

The review is motivated by the importance of water as a resource and the sizeable public investment in water and wastewater infrastructure in New Zealand. The value of natural water for waste disposal, water supply, recreation and commercial fisheries (and excluding ecological and cultural values) has been estimated at around $1.5 billion per annum. The accumulated investment by local government in water supply and wastewater assets is of the order of $6 billion. This is larger than the investment in Telecom Corporation of New Zealand's network and roughly comparable to the national investment in the electricity transmission and distribution system.


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Options for the Reform of Roading in New Zealand

1 June 1993, C S First Boston New Zealand

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Telecommunications in New Zealand - out of print

1 November 1987, New Zealand Business Roundtable

There is no summary available for this publication.


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Submissions

Joint Complaint to the Regulation Review Committee of Parliament

17 March 2008, Joint Business Roundtable and Wellington Regional Chamber of Commerce

Complaint to the Regulation Review Committee concerning the Order in Council of 3 March 2008 amending the Overseas InvestmentRegulations 2005.


Submission on Tackling Congestion in Auckland, the Auckland Road Pricing Evaluation Study

28 April 2006, New Zealand Business Roundtable

Submission on the Final Gas Control Inquiry Report

15 February 2005, New Zealand Business Roundtable

Submission on the Commerce Commission's Draft Report on Telecommunications Act 2001 Schedule 3 Investigation into Regulation of

1 November 2004, New Zealand Business Roundtable

Submission on the Commerce Commission's Amended Draft Report on Telecommunications Act 2001 Section 64 Review

22 October 2003, New Zealand Business Roundtable

This submission analyses how the ADR comes to its mistaken conclusions. It focuses on its policy framework and on the cost benefit analysis that underlies the claim that $71.25m net benefits by confusing consumer benefits with efficiency gains.


Submission on the Commerce Commission's Draft Determination for TSO Instrument for Local Residential Service for Period Between

4 August 2003, New Zealand Business Roundtable

The comparative analysis in appendix 5 of the draft determination indicates that the assessment of the annualised net cost of the TSO varies by roughly $200 million.


Submission on the Inquiry into the New Zealand Electricity Industry

1 July 2003, New Zealand Business Roundtable

The present electricity crisis demonstrates that too many of the government's policies are incompatible with its stated priority of economic growth.


Submission On The Telecommunications Act 2001: Section 64 Reviews Into Unbundling The Local Loop Network And The Fixed Public Da

15 May 2003, New Zealand Business Roundtable

The submission makes a number of suggestions for improvements to technical aspects of the approach set out in the Issues Paper. These relate to the definitions of "long term", "essentiality", the counterfactual, externalities, and the categories of costs and benefits


Submission on the Land Transport Management Bill

14 February 2003, New Zealand Business Roundtable

The transport system is a core part of New Zealand's infrastructure. An important role for the government in promoting economic growth is to ensure the transport system is efficient and responsive to users' needs. Major improvements in transport resulted from reforms beginning in the 1970s. The main outstanding problem area has been roading infrastructure. Traffic congestion in Auckland and inadequate infrastructure in some regions are imposing large economic costs.


Submission on the Post-Winter Review of the Electricity System

1 October 2001, New Zealand Business Roundtable

Submission on the Ministerial Inquiry into Telecommunications Draft Report

1 July 2000, New Zealand Business Roundtable

Submission on the Ministerial Inquiry into Telecommunications' issues paper

1 May 2000, New Zealand Business Roundtable

Better Transport Better Roads

1 April 1999, New Zealand Business Roundtable

The Discussion Paper on the Operation of the Specific Thresholds for Price Control for Electricity Line Businesses

1 February 1999, New Zealand Business Roundtable

The Ministry of Commerce's Telecommunications Information Disclosure Discussion Paper

1 December 1998, New Zealand Business Roundtable

Road Reform: The Way Forward

1 February 1998, New Zealand Business Roundtable

Options for the Future: Land Transport Pricing Study

1 August 1997, New Zealand Business Roundtable

Road Management: Options for Reform

1 July 1997, New Zealand Business Roundtable

The Land Transport Pricing Study's Discussion Documents

1 September 1996, New Zealand Business Roundtable

Articles

How Big is the Problem of Monopoly?

27 November 2006, Roger Kerr

This article was first published in the Dominion Post (27 November 2006).


Question Marks Over Telecom Regulation

22 September 2006, Roger Kerr

This article was first published in the Otago Daily Times on 22 September 2006.


Regulation of Unlisted is Unwarranted

4 April 2005, Roger Kerr

Reducing Barriers to Investment in Infrastructure

31 December 2004, Roger Kerr

Perspectives

Issue 321 Conroy Wins, Taxpayers Lose

23 November 2009, Henry Ergas

Update CASINO capitalism is dead; long live casino socialism. Karl Marx thought that rational economic calculation - the idea that people would carefully assess the consequences of alternative choices - was one of capitalism's great contributions to human progress. Finance Minister Lindsay Tanner doesn't agree.


Issue 294 PM's national broadband plan really is no net gain

28 August 2009, Chris Berg

Has there ever been a major Commonwealth program more hastily conceived than the national broadband network?


Issue 282, The Justice Department's Antitrust Bomb

15 July 2009, George L Priest

As if commandeering the banking, finance and auto industries weren't enough, a couple of weeks ago the Obama administration decided to throw a bomb at modern antitrust law.

Assistant Attorney General for Antitrust Christine Varney claims that the Justice Department can aid economic recovery by prosecuting businesses that have been successful in gaining large market shares. In her announcement last month she argued that


Issue 111, Pay a fee or pay the toll

17 July 2007, Andrew Leigh

In 19th century Britain, the law required all steam cars to be preceded by an attendant carrying a red flag. In cities, cars were not permitted to be driven faster that six kilometres an hour.


Issue 86, Show on the road

14 March 2007, Robert Poole

This article was first published in the Wall St Journal online.


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