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Currently, every house auction is a contest between competing bidders. The auction confronts each bidder with the last price bid. Read more
According to Long’s Axiom, an elephant is a mouse built to government specifications. The saying is a corollary to the old gag about a camel being a horse designed by a committee. Read more
Dr Oliver Hartwich and Dr David Law discuss the details of the government's new housing package and what it will mean for the housing market, house prices and first home buyers. They also discuss the consequences for the rental market and the pitfalls of rent controls. Read more
One year ago, in a desperate rush, the government launched the wage subsidy scheme. It had to be done in a hurry; every other option was worse. Read more
This month events at either end of the country highlighted a fundamental failure afflicting New Zealand’s biggest pre-Covid export earner: tourism. On 10 March, Auckland Council heard submissions on when it should reintroduce its Accommodation Provider Targeted Rate (APTR), which is uses to fund Auckland events and destination marketing. Read more
In this short podcast, Senior Fellow Dr Bryce Wilkinson outlines the Government's review into Pharmac. He says the review will focus on how Pharmac performs against its current objectives (and if there could be any improvements), and whether Pharmac's objectives maximise its potential to help improve health outcomes for all New Zealanders. Read more
After eight weeks of poring over the 847 pages of analysis from the Climate Change Commission, two findings stand out. First, the Commission shows current policies, including the Emissions Trading Scheme (“ETS”), will deliver our 2050 emissions targets. Read more
The government is at it again. They blame everyone but themselves for high and increasing house prices resulting in low housing affordability. Read more
Tuesday’s announcement of new housing policies from the Government has just made New Zealand a far riskier place to do business, warns a policy paper released today by The New Zealand Initiative. A risky place to do business, written by Dr Eric Crampton and Dr Bryce Wilkinson does not assess the effects of these policies, rather it warns of the consequences of this approach to policy-making. Read more
The Climate Change Commission has made no convincing case for its sweeping economic reforms to reduce emissions, says Matt Burgess, Senior Economist at The New Zealand Initiative. Analysis by the Climate Change Commission shows current policies, including the Emissions Trading Scheme (“ETS”), will deliver New Zealand’s emissions targets. Read more