In this paper we explain the operation and design of day-ahead markets in an electricity market. Day-ahead markets complement real-time markets which must be run to ensure balance in the system and offer a number of benefits ...
For much of the twentieth century electricity generation and transmission in New Zealand was dominated by centralized state ownership and control with local authority ownership of distribution and retailing. Radical reform ...
Previous studies of the relationship between deposit insurance and bank market values have usually been limited to consideration of minor changes in bank regulations but the 1987 initiation of deposit insurance in Denmark ...
Central banks and governments around the world are currently facing challenging economic and monetary issues from the aftermath of the 2007 credit crisis. Eight years after the start of the recession, the global economy ...
This paper examines the success and failure of a once pre-eminent New Zealand charity - the Council of Organisations for Relief Service Overseas (CORSO). Delivering aid for government was a factor in its success in its ...
The New Zealand telecommunications experience illustrates the process of competition in a market for network services characterised by technological change and minimal regulation. The story of free ISPs is merely one episode ...
On April 15 2008 the New Zealand Parliament passed the third reading of the Copyright (New Technologies) Amendment Bill ("the Bill") amending the Copyright Act 1994. As part of its provisions the Bill proposed the insertion ...
Bronwyn Howell General Manager ISCR presented Diverse Dimensions of the 'Digital Divide': Perspectives from New Zealand at the session "Digital Divde in Asia-Pacific" at the Keio University Global COE Programme Conference ...
This paper examines issues of the digital divide in each country and discusses similarities and differences in the policies adopted to ameliorate it. The paper presented here is subtitled 'a perspective from New Zealand' ...
Faccio, Mara; Lang, Larry H.P.; Leung, Joanne(2000)
In Western Europe and East Asia capital markets require higher dividends from corporations tightly affiliated (at the 20% level of control) to a group and within a group from corporations whose controlling shareholder has ...
Does the quality of performance by experts respond to financial incentives? Or as some psychologists argue are experts primarily motivated by more intrinsic consideration such as professional pride? I provide some evidence ...
Although animal welfare issues have become increasingly important to the economic fortunes of many producers the interests of animals themselves are absent from standard economic analysis. By contrast scholars from other ...
A particular tariff option is said to be foggy when another option or a combination of other tariff options offered by the same firm is always less expensive regardless of the usage profile of any customer. Alternatively ...
Cooperatives and mutual organisational forms arise for reasons which include contracting problems between parties. Economic literature suggests a variety of allocated inefficiencies implied by these forms that largely have ...
This paper develops a formal model to study earnings manipulation. It analyzes the effects of real earnings auditor quality and at-risk incentive on management's earnings manipulation decision. It shows that the management ...
After describing the major events in the regional financial crisis I shall link them to structural problems in Asian finance. These structural problems arise from institutional limitations grounded in the culture and ...
This paper was written by William Steel, Toby Daglish, Lisa Marriott, Norman Gemmell, Howell, Bronwyn and presented at a seminar on 20 March 2013, info here
Setting aside certain complications that can arise due to market power it is a relatively straightforward matter to derive (if not implement) a valuation formula for FTRs and to relate FTR valuation with the proceeds of ...
Interest in the governance of Maori collectives has grown considerably over the past decade as significant settlements have been made between the Crown and various tribes (iwi) under the Treaty of Waitangi and also as Maori ...