Richard Epstein, “A History of Public Utility Regulation in the Supreme Court”
17 May 2020 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, comparative institutional analysis, economic history, economics of information, economics of regulation, history of economic thought, industrial organisation, law and economics, Public Choice, Richard Epstein Tags: competition law, network industries
Queenstown airport night flights another blow to the @WLGAirport runway extension? @JordNZ
01 May 2016 Leave a comment
in transport economics Tags: monopoly pricing, natural monopolies, network industries, rate of return regulation
Queenstown airport has been upgraded to allow for night flights and more international flights. Yet another airport to compete for traffic with the Wellington airport and its $300 million runway extension.
Little wonder the New Zealand-based airlines see this extension is no more than gold plating of the Wellington airport where landing fees will go up to cover this over-capitalisation for little return in value. Over-capitalisation or gold plating is a common way of getting around rate of return regulation of monopolies.
New Zealand Post (incl. Kiwibank) dividends
15 Mar 2016 Leave a comment
in industrial organisation, monetary economics, politics - USA, public economics Tags: economics of banking, government ownership, KiwiBank, network industries, New Zealand Greens, New Zealand Post, rational irrationality, state owned enterprises
Regulating Monopolies: A History of Electricity Regulation
09 Feb 2016 Leave a comment
in applied price theory, economic history, economics of bureaucracy, economics of religion, industrial organisation, law and economics, Public Choice, rentseeking, survivor principle Tags: competition law, electricity industry, natural monopolies, network industries
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