In applying the CAPM to cost of capital calculations practitioners treat the market risk premium as a free parameter to be estimated from data. However this process ignores equilibrium in the cash market and therefore the implications of the CAPM for the premium itself. Full equilibrium relates...

Margaret Beardow presented Changing Attitudes to Regulation: International Evidence at the Contemporary Issues in Regulatory Theory and Practice half day workshop in Wellington in March 2005.

Presentation by Bronwyn Howell to the 18th Biennial conference of the International Telecommunications Society Tokyo Japan 27-30 June 2010.

This paper analyzes the effects of net neutrality regulation on investment incentives for Internet service providers (ISPs) and content providers (CPs) and their implications for social welfare. We show that the ISP's decision on the introduction of discrimination across content depends on a...

Bronwyn Howell presented Lessons from NZ for England's Proposed NHS Foundation Trust and Vice-Versa at the New Zealand Health Economics Meeting in November 2004.

Bronwyn Howell presents Ultrafast Broadband: Feeding a Need for Speed or Funding a Fibre Arms Race? at the Technische Universiteit Eindhoven (TUE) on 15 September 2011.

Economic analysis takes as its defining performance benchmark the pursuit of increases in efficiency. Competition law and industry-specific regulation provide two competing means of intervention whereby the pursuit of efficiency can be enhanced. Ultimately legislators decide how governance of...

It is common practise in industry for traders to use copula models combined with observed market prices to calculate implied correlations for firm defaults. The actual feasibility of this calculation depends on the assumption that there is a one-to-one mapping between values of CDO tranches and...

Bronwyn Howell's presentation to the International Telecommunications Society European Regional Conference held in Budapest 20-22 September 2011.