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The general question that I have been asked to address is this: how to think about telecommunications regulation. My comparative advantage is not in particular knowledge of the ongoing New Zealand dispute on how heavy- or light-handed telecommunications regulation ought to be, although I have some weak instincts on that subject that I will share with you in due course. Read more
The NZBR, in its research, is attempting to take the broadest possible view of the concept of a regulatory constitution. We have analysed many attempts at regulatory reform within countries belonging to the Organisation for Economic Cooperation and Development (OECD), starting with the initiatives of various US presidents in the early 1970s. Read more
How can we decide what the goals of public policy ought to be? Should equality or some other form of equity be a social goal? Read more
The publication of this paper comes at an important time for the future of the legal profession in New Zealand. Regulation that is specific to the legal profession has been the subject of increasing debate in recent years. Read more
The market is from both a practical and theoretical point of view central to an understanding of the topic of corporate, or as is said in New Zealand, company control. The history of the field has witnessed many twists and turns. Read more
I begin this talk with a now standard disclaimer: I know comparatively little about the New Zealand political setting, so I shall step back from the detail of specific institutions to consider the general question of how best to design voting systems. The basic principles can then be applied to various issues concerning New Zealand's mixed member proportional (MMP) electoral system. The first point is a note of caution: voting systems within modern democratic politics are highly imperfect arrangements, even when operating at their best. Read more
Being ignorant of New Zealand's local circumstances, I am uncertain what I can offer to another country on topics such as the law and economics of resource management. What I hope to bring is a general theory that applies independently of local concerns. Read more
The kind introductory remarks of Mr Judd provide a valuable framework for my topic. And his invocation of Frederic Bastiat offers an instructive, if unintended, way to frame this lecture. Read more
It was only with some trepidation that I accepted your invitation to speak about the Treaty of Waitangi and the rights of indigenous people, a most controversial subject in New Zealand. At one level, the debates here replicate those that are occurring elsewhere in the world. Read more
The Paper favours greater regulation of takeovers and insider trading and greater coordination, if not amalgamations, of regulatory institutions and regimes. It asks for comments on these proposals and provides 11 specific questions to guide respondents. Read more