Offshore financial centres are coming under increasing pressure from both the OECD and the European Union. They are seen by many bureaucrats and politicians in OECD countries as facilitating criminal activities such as laundering drug money as well as tax evasion and tax avoidance by residents...

The case for timed local calls (TLC) is overwhelming on both equity and efficiency grounds. However, Telecom's example of a pricing structure for (TLC) would probably have raised revenue substantially. The efficiency effects depend on the structure of local prices and on what is done with the...

The Australian Housing Allowance Voucher Experiment (HAVE) appears to be a radical change in Government policy towards low-income housing. There are moves to remove subsidies in kind, by raising government dwelling rents to market levels, and to replace them with housing allowances payable to...

A potential entrant wishes to offer a long-distance service by establishing its own long-distance 'upstream' facility and using the incumbent's local ('downstream') network to provide reticulation of its calls, and the issue is to determine an efficient interconnection price for the entrant's...