March 2012 NZEP includes critiques of Wolak paper on NZ electricity market

The contents of New Zealand Economic Papers, Volume 46, Issue 1, March 2012 (available online or by subscription):

  • A critique of Wolak’s evaluation of the NZ electricity market: Introduction and overview
  • A critique of Wolak’s evaluation of the NZ electricity market: The incentive to exercise market power with elastic demand and transmission loss
  • An examination of Frank Wolak’s model of market power and its application to the New Zealand electricity market
  • Simulating market power in the New Zealand electricity market
  • A critique of Wolak’s evaluation of the NZ electricity market: Afterword
  • A critique of Wolak’s evaluation of the NZ electricity market afterword: A rejoinder
  • Prescriptivism to positivism? The development of the CPI in New Zealand
  • Why the shadow of the law is important for economists
  • The A.R. Bergstrom Prize in Econometrics, 2012