Richard Epstein, “A History of Public Utility Regulation in the Supreme Court”

Queenstown airport night flights another blow to the @WLGAirport runway extension? @JordNZ

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

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Source: New Zealand Treasury – data released under the Official Information Act.

Regulating Monopolies: A History of Electricity Regulation

Landlines are certainly on the way out

Digital devices are taking over the day

Israel Kirzner on the sole exception that justify competition laws and the regulation of network industries

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