We show that regulators' price-setting rate base and allowed rate of return decisions are inextricably linked. Once regulators switch from traditional rate of return regulation the irreversibility of much infrastructure investment significantly alters the results of the usual approach to...

Number 1 in the monograph series by ISCR. This issue published in July of 2001 has the following articles: Down on the farm is going global Can a large single Co-operative be efficient?The price of milk and the value of capitalThe discipline of open entry and exitWhat does open entry and exit...

Lew Evans presented Application of Cost-Benefit Analysis Under Competition Law: The Gas Enquiry at the Competition Law and Study Institute conference in Wellington in August 2006.

In September 2005 the New Zealand Commerce Commission (NZCC) released a document (TheWeighted Average Cost of Capital for Electricity Lines Businesses by Dr Martin Lally referred to as LINES hereafter) that estimates a weighted average cost of capital (WACC) for New Zealand electricity lines...

The purpose of this report is to review the contemporary history of the meat packing industry and particularly the role of cooperatives and investor-owned firms in its development. The report that follows is divided into three parts. Part One reports briefly the contemporary history of the meat...

In this Report we consider:1. How the potential for tacit and explicit collusion associated with joint dominance can best be assessed in merger applications.2. Whether the inclusion in section 47 of the Commerce Act of the competition test proposed above in place of the existing dominance test...

Slides by Lew Evans and Terence Lawrence presented Competition Law in Small Market Economies - Special Application to New Zealand Commentary at the Competition Law and Study Institute conference held in Wellington August 2006.

Professor Lewis Evans presented The Required Rate of Return with Sunk Investments at the ISCR forum, The Cost of Capital for the Regulated Firm in August 2003. Two papers associated with this presentation are available for through these links: 'Risk, Price Regulation and Irreversible Investment'...

This supplement was published in May of 2003 and discusses: The Electricity IndustryPrices in the Electricity MarketCentral planning applied to electricity

On 5 November 2008 in Wellington Lew Evans presented "Market Turmoil and Planning Grid Investment" to the Transpower 2040 Stakeholder Workshop.