This paper proposes a system of permanent controls over prices of consumer goods. Together with appropriate aggregate demand policies, these price controls would enable full employment without inflation. Prices of commodities would be periodically adjusted up or down in line with changes in...

The paper will deal in turn with three sets of modelling issues: the question of 'data'; the 'micro' problem of specifying market behaviour, and the. 'macro' issue of 'closing' the models in aggregate. I will conclude with some suggestions for future research. The basic theme of the paper is...

In markets for scheduled passenger travel services, demand may be not independent of supply. On airline routes the speed, convenience and frequency of services affect demand along with price and other economic factors. This generates the possibility of multiple equilibria. For 185 domestic...

The paper analyses more than ten thousand observations on prices charged for air travel on 1001 flights on eight New Zealand and twenty one trans-Tasman flights observed in 2004 and 2005. The main findings are (i) that routes on which Qantas competes with Air New Zealand tend to have air fares...

Qantas and Air New Zealand are seeking regulatory authorisation for a Tasman Networks Agreement that would in effect cartelise their trans-Tasman operations. They cite in support Reasons given by the Australian Competition Tribunal in its authorisation of their previous application to form a...

Professor Tim Hazledine presented Flying High? Pricing and Competition in the NZ and Tasman Air Travel Market at an ISCR seminar on 1 June 2005.

In this chapter, we compare the experience of Australia and New Zealand over the period of microeconomic reform that began in the early 1980s. Of particular concern is the question of how New Zealand, with what were seen at the time as the ‘best’ set of economic policies in the OECD,...