The authors place New Zealand's current institutional arrangements for its electricity sector within the context of successive waves of economic reform. They compare these arrangements with developments internationally, drawing together lessons for future policymaking both in New Zealand and...

How do industry structures and other institutional arrangements affect growth and innovation in the New Zealand agricultural sector? Put another way how can those structures and arrangements be improved to better facilitate growth and innovation in the New Zealand agricultural sector? Addressing...

Setting aside certain complications that can arise due to market power it is a relatively straightforward matter to derive (if not implement) a valuation formula for FTRs and to relate FTR valuation with the proceeds of the FTR auction allowing for both taxation and auction efficiency. If the...

Cooperatives and other forms of farmer controlled businesses (FCBs) are major players in a number of New Zealand's agricultural sectors and together account for a significant share of New Zealand's economic activity. The New Zealand Ministry of Agriculture and Forestry (MAF) has commissioned the...

Responsibility for approving proposed transmission investment programmes in New Zealand has recently been placed in the hands of a newly-formed government regulator. In this paper we develop an analytical framework for conceptualising the investment test proposed by this regulator. Our framework...