This monograph contains the following articles: The birth of a strategyA managed-care model The NZPHCS managed-care schemeCompeting for governanceFor the future

After describing the major events in the regional financial crisis I shall link them to structural problems in Asian finance. These structural problems arise from institutional limitations grounded in the culture and political economy of East Asia. The "East Asian Model" of political economy was...

The regulation of orphan works has stalled in many countries. This is mainly due to the complexity of the issues surrounding these works and the corresponding difficulties of providing a comprehensive legislative solution. Yet the problems created by orphan works affect distinct categories of...

The Australian and New Zealand governments have both decided that substantial government investment is required to accelerate the deployment of new nationwide fibre-to-the-home (FTTH) networks. This paper examines the two proposals in light of the crucial role of price discrimination in enabling...

New Zealand's primary health care sector has undergone fundamental changes under the Primary Health Care Strategy announced in 2001 and implemented from 2002. The strategy replaces historic fee-for-service general practitioner subsidies with population-based capitation subsidies and restructures...

We explore calibration of single factor no-arbitrage short rate models to yield and volatility information. We note that the calculation of Arrow-Debreu prices for interest rate securities is analogous to solving the Kolmogorov Forward Equation. This insight allows us to implement implicit...

Paul Rappoport presented Willingness to Pay and the Demand for Broadband Access at the seminar Broadband Markets: Bringing Together Supply and Demand in October 2003.

Various studies indicate a negative relationship between investment on the one hand and regulation reduced regulatory quality and increased regulatory uncertainty on the other. Shifts to a proportional representation form of government or to incentive regulation are specifically argued to reduce...

Current Comment is an occasional series providing economic commentary on topical issues. This first issue relates to penalties when the trains do not run to schedule.

The purpose of this study is to investigate the determinants of the size of penalties awarded by the courts under the Fair Trading Act 1986. The law and economics theory of optimal penalties provides the theoretical framework. This is used to develop a theory of optimal judicial sentencing based...