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The efficiency test under competition law and regulation in the small distant open economy that is New Zealand

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  • Lewis Evans

Abstract

This paper considers the application of competition law and price regulation in the very small and isolated economy that is New Zealand. It argues that the total surplus (efficiency) criterion should be applied in tests of practices and actions where the competition threshold is not met or doubtful. Further, it argues that this criterion is admitted, if not required, under New Zealand statutes. The differential treatment of affected parties, including foreign investors, in measuring the surplus is considered.

Suggested Citation

  • Lewis Evans, 2004. "The efficiency test under competition law and regulation in the small distant open economy that is New Zealand," New Zealand Economic Papers, Taylor & Francis Journals, vol. 38(2), pages 241-264.
    • Handle: RePEc:taf:nzecpp:v:38:y:2004:i:2:p:241-264
    DOI: 10.1080/00779950409544405
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    References listed on IDEAS

    as
    1. Ioannis N. Kessides, 2004. "Reforming Infrastructure : Privatization, Regulation, and Competition," World Bank Publications - Books, The World Bank Group, number 13525.
    2. Keith Head & Thierry Mayer, 2000. "Non-Europe: The magnitude and causes of market fragmentation in the EU," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 136(2), pages 284-314, June.
    3. Lewis Evans & Patrick Hughes, 2003. "Competition Policy in Small Distant Open Economies: Some Lessons from the Economics Literature," Treasury Working Paper Series 03/31, New Zealand Treasury.
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    Citations

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    Cited by:

    1. Tim Hazledine, 2004. "Application of the public benefit test to the air New Zealand/Qantas case," New Zealand Economic Papers, Taylor & Francis Journals, vol. 38(2), pages 279-298.
    2. Evans, Lewis, 2013. "Competition policy development in New Zealand," Working Paper Series 19283, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    3. Hahn, Robert & Evans, Lewis, 2010. "Regulating Dynamic Markets: Progress in Theory and Practice," Working Paper Series 4052, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    4. repec:vuw:vuwscr:19155 is not listed on IDEAS
    5. repec:vuw:vuwscr:19157 is not listed on IDEAS
    6. Heatley, David & Howell, Bronwyn, 2010. "Overseas Investment: is New Zealand 'Open for Business'?," Working Paper Series 4054, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    7. repec:vuw:vuwscr:19283 is not listed on IDEAS
    8. Evans, Lewis, 2013. "Competition policy development in New Zealand," Working Paper Series 4322, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    9. Samuel Rutz, 2013. "Applying the Theory of Small Economies and Competition Policy: The Case of Switzerland," Journal of Industry, Competition and Trade, Springer, vol. 13(2), pages 255-272, June.
    10. Heatley, David & Howell, Bronwyn, 2010. "Overseas Investment: is New Zealand 'Open for Business'?," Working Paper Series 19157, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    11. Hahn, Robert & Evans, Lewis, 2010. "Regulating Dynamic Markets: Progress in Theory and Practice," Working Paper Series 19155, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.

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