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The deregulation of dairy marketing that occurred on 1 July 2000 is a fascinating case study in microeconomic reform. The role of interacting industry and institutional features in the movement to deregulation is explained, with political realities being recognised. A key part of the...
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An assessment is provided of Melbourne's rising block tariff for water and its prescriptive regulation of water use through non-price restrictions. The three-step rising block tariff fares poorly on economic efficiency and on widely used notions of equity. A two-block tariff could remove much of...
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