Public bars in New Zealand traded from nine o'clock a.m. to six o'clock p.m. from Monday to Saturday between 1917 and 1967 despite the fact that demand was concentrated on five out of six trading days in the hour before closing. The statutory closing of bars at six o'clock p.m. in 1917 was...

This study investigates the impact of amendments to the New Zealand Exchange's listing rules and the Securities Markets Act 1988 enacted in December 2002. These reforms provided statutory backing for a continuous disclosure listing rule requiring companies to immediately release all...

This report describes the process and results of the evaluation of five State Owned Enterprises (SOEs). It incorporates a comparison of their performance with that of NZ Rail. The SOE study taken as a whole is useful in establishing the performance of NZ Rail following privatisation. It is also...

Professor Lewis Evans presented Sunk Investments, Regulation and the Cost of Capital at an ISCR Auckland seminar: Calculating the Cost of Capital: A Revisionists' Appraisal.

A large body of evidence suggests that investor protection regulationassists the development of major stock exchanges but this leaves openthe question of whether or not the same level of regulation should beapplied to all centralised trading platforms. Allowing for regulatoryvariation permits a...

The aim of this paper is to consider the political forces behind these tradereforms with an eye towards explaining the political success of the unilateral approach. We seek to provide some answers to the following sorts of question. What were the vested interests behind New Zealand's starting...

This paper compares the Australian and New Zealand Internet market. It draws heavily on Enright (2000) which reports the short history of Internet Service Providers (ISPs) in New Zealand since the inception of the Internet in 1994. It also provides a review of the prices and market shares and...

A key question facing regulators is how to create an economic environment that encourages appropriate investment and innovation. In this paper we analyse the importance of technological change for both competition and regulation with a particular focus on the regulation of telecommunications and...

Investigations into the causes and effects of parallel importing have concentrated on price discrimination but arbitrage can also occur on non-price dimensions. Using a natural experiment in the New Zealand film distribution industry between May 1998 and November 2001 we examine the effect of...

We examine the decision to prepay a fixed rate mortgage in the UK Canada Ireland Australia and New Zealand. These countries are characterised by having substantial fees which are associated with breaking a fixed rate mortgage. We develop a model which allows for fluctuations both in banks'...