As we hand over the millions to Toyota, will the real hybrid please stand up, asks Henry Ergas
THERE are, Lord Rothschild mused as he reflected on Britain's attempts at becoming an international powerhouse of high technology, two ways of going to rack and ruin. The first is wine, women and song; the second is listening to the advice of engineers. Of these, the first may be the more pleasurable, but the second is by far the more certain.
Download attachment(s):
[ Subsidised farce on four wheels ]
Don't regulate markets on scant research, argues Henry Ergas
ONLY three weeks ago, at a conference organised by The Australian and the Melbourne Institute, Finance and Deregulation Minister Lindsay Tanner was trumpeting the Rudd Government's commitment to letting markets work. Now the Government seems poised to regulate petrol retailing, despite findings by successive inquiries that the market is workably competitive.
Download attachment(s):
[ Evidence doesn't back fuel scheme ]
The Epic case has been important in providing the first judicial interpretation of the access pricing provisions of the Gas Code and hence of terms that are common to the main regulated access regimes in Australia
This paper considers the difference between two types of regulation as they affect the regulated firm. Using the electricity distribution industry in Victoria as a case study, we discuss the impact of the periodic resetting of regime parameters which is a standard feature of price cap regimes.
Last updated 
