LAW7214

Utility regulation: law and policy

(LAW)

Mr D Goddard

6 points + Two 3-hour seminars per week for 4 weeks + City

Synopsis: This subject will examine legal and economic theories of regulation, with particular reference to utilities. The implications of general competition law for utilities will be discussed in some detail, with a focus on vertically integrated utilities and utilities operating in markets where there are varying degrees of competitive constraint. The appropriateness of industry specific regulation will also be considered. Case studies based on recent Australian and New Zealand decisions will be used to illustrate the topics covered.

Assessment: Research paper (6750 words): 90% + Class participation: 10%