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Competition policy development in New Zealand

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  • Evans, Lewis

Abstract

Competition policy is typically intended to protect competition where workable competition is possible. Conversely, regulation can either preclude competition, or can act as a substitute for competition when workable competition is impossible. Both types of policy can have a significant impact on investment, which in turn affects the evolution (or demise) of competition. This means competition and regulation settings can affect each other, and potentially their own rationale. Electricity systems have particular competition and regulation issues and challenges, and industry changes such as New Zealand's vertical integration of generation and energy retailing present additional complexities.In this seminar Richard Meade argues that there is no single optimal boundary between competition policy and regulation in electricity systems. Instead, any such boundary will evolve over time, reflecting a myriad of factors such as institutional endowments, industry reform paths, the extent of state ownership, and changing technologies. Importantly, the optimal boundary will differ from that prevailing in other network industries such as telecommunications, suggesting that appropriate competition and regulatory policies will differ across industries.

Suggested Citation

  • 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.
    • Handle: RePEc:vuw:vuwcsr:19283
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    File URL: https://ir.wgtn.ac.nz/handle/123456789/19283
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    References listed on IDEAS

    as
    1. 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.
    Full references (including those not matched with items on IDEAS)

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