The Internet and associated networks and devices are intruding throughout social and commercial activity. They are improving information exchange storage and utilisation to an extent that is re-shaping the structure and institutions of society that have evolved over centuries inresponse to...

The Ultimatum game is simple and this facilitates its use in the study of predictions of game theory. Experimental evidence suggests that it doesnot predict individual behavior well unless individuals gain welfarefrom fairness in transactions or have expectations about some widergame. Our model...

In The State of e-New Zealand: 12 Months On we revisit the measures of New Zealand's preparedness to utilise and capitalise upon the economic and social benefits promised by the uses of electronic infrastructures addressed in our November 2000 paper The State of e-New Zealand. We acknowledge the...

In an imperfectly competitive industry for a homogeneous good like electricity - with forward wholesale and retail markets - should upstream firms (generators) be vertically integrated with or separated from downstream firms (retailers)? Left to their own devices will firms integrate or separate...

Co-operatives provide a vehicle for the vertical integration of production andprocessing in agriculture. The producers provide capital for and control theprocessing entity so that their interests are aligned. Returns to producers bundle together the commodity price and the return from the...

Bronwyn Howell Presented The Tale of Two TELCO Markets: Comparing Finland and New Zealand at the Helsinki University of Technology on the 4th of May 2007

This presentation looks at:Discussion of peculiarly grid regulation issues A quick stock take of the state of "onr market": particularly concerning the interisland link Competition and pricing the HVDC interconnection

This paper considers the application of competition law and price regulation inthe very small and isolated economy that is New Zealand. It argues that the total surplus (efficiency) criterion should be applied in tests of practices and actions where the competition threshold is not met or...

Professor Leslie Young presented China and India in the World Economy at an ISCR seminar.

Regulation binds incumbent firms to a different set of obligations from their entrant-competitors thereby creating an asymmetric set of options from which the firms may select the strategies under which they will interact. Whilst most regulatory obligations are specified in law some take the...