We analyze the Bitcoin protocol for electronic peer-to-peer payments and the operations that support the "blockchain" that underpins it. It is shown that the protocol maps formally into a dynamic game that is an extension of standard models of R&D racing. The model provides a technical...

The Australian Parliament has passed legislation compelling tobacco products to be sold in ?plain packaging?. This paper reviews this legislation and its likely effects on prices, market structure in the tobacco industry and on smoking behaviour. Industry changes following two previous sets of...

There has been considerable interest in access rates in Australia since the development of National Competition Policy. This paper provides a framework for analysing the different situations in which access is an appropriate policy tool. It argues that access does not necessarily raise welfare...

Sri Lanka's telecommunications industry was profoundly transformed during the 1990s and became one of the most open and competitive among developing countries in the Asia-Pacific region. This was driven by a series of government initiatives to open up the sector to new entrants and greater...

Sri Lanka's telecommunications industry was profoundly transformed during the 1990s and became one of the most open and competitive among developing countries in the Asia-Pacific region. This was driven by a series of government initiatives to open up the sector to new entrants and greater...