The paper develops a model to assess the saving and consumption responses of a representative household to a range of policy interventions such as changes in taxes and pension settings.

This note provides an elementary introduction to the measurement of welfare gains from the introduction of a new good, based on the concept of the ‘virtual price’ and standard expressions for welfare changes arising from price changes. Introduction Any attempt to measure changes in living standards using an income or consumption based welfare metric faces...

This paper assesses key provisions of the ATT by first back-grounding its origins and contested formulation before assessing its transfer, prohibition and national control provisions, Introduction The Arms Trade Treaty (ATT) was adopted by vote at the United Nations (UN) General Assembly in April 2013 and opened for signatures two months later. It was approved...

Regulation is a fact of life. It affects the food we eat, the safety of our workplace, the goods and services we buy and sell and the quality of our natural environment. It plays an important role in guarding New Zealanders from harm, protecting our rights, and ensuring that markets work fairly and efficiently. However...

The importance of an ‘efficient and effective regulatory environment’ (Offices of the Ministers of Finance and Regulatory Reform, 2013) has never been more prominent in New Zealand than it is at the present time. The New Zealand Productivity Commission’s Regulatory Institutions and Practices report, which is both a product of and contributor to this enhanced...