Economic surplus
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Words matter. With Australia’s competition laws, the wording of our ‘abuse of market power’ laws are ahead of the rest of the world. But the Australian Competition and Consumer Commission (ACCC) wants…
The cost-benefit analysis on the NBN has been released. While it “supports” the government’s multi-technology-mix (MTM) scenario over Fibre-to-the-Premises (FTTP), the best case is the ‘unsubsidised rollout…
Uber is a great innovation. It allows individuals to find better, more convenient ways to travel around our cities. It will reduce congestion, save people money, and create new jobs. So why is it illegal…
The economics of privatisation are pretty simple. Moving a business from state-ownership to private-ownership improves the profit incentive. Private owners will focus on their return. That means lower…
Expect a “tough love” budget from the federal government in two weeks. And expect lots of (pointless) debate about whether or not a levy is a tax. If, however, we cast our thoughts back to July last year…
Is the National Broadband Network sustainable? I do not mean this in a technical sense. While I am wary of the government using taxpayers’ money to ‘pick winners’ in technology, there are many people better…
The headline from today’s Qantas media conference should be simple: “Qantas attempts to rip off domestic customers and Australian taxpayers”. In the media conference today the CEO of Qantas, Alan Joyce…
Australia Post, and its predecessors, go back over 200 years. The first Australian postmaster began work in the colony of New South Wales in 1809. At federation, the colonial post offices were combined…
The “root and branch” review into Australian competition policy should be broad ranging. As the Monash Business Policy Forum noted, the review needs to go beyond the competition laws and consider how to…
Is there a ‘war’ between big and small business in Australia? Does small business need more protection in the market place? And, if so, is this a role for our competition laws? The Monash Business Policy…