Regulation

In the rugged Thingvellir National Park near Reykjavik, an ancient parliament and the role of Lawspeaker offer lessons on simplifying and streamlining modern regulatory systems. Minister Seymour’s new Ministry of Regulation may learn a thing or two from ancient Iceland.

When the EU embarked on developing its own taxonomy, maybe it should have consulted with a few biologists. That may have prevented it from creating a monster.

Only free entry into the retail market would tell us if there is enough supermarket competition in New Zealand.

The Reserve Bank should allow itself and the public more time for consultation on new capital requirements for banks.

What if people were best placed to figure out for themselves what is good for them and what is not?

When it comes to regulatory burdens, it is not necessarily the cost of a specific regulation that matters. It is the fact that many such seemingly trivial regulations taken together impose substantial costs on businesses.

How do you escape this regulatory maze? Unfortunately, not even a regulatory veteran like Sir Roderick has a magic wand to cut out an escape path.

In a world of hundreds of TV channels, internet streaming services and encrypted broadcasting, why do we still have giant public broadcasters? This is the question that German economists Justus Haucap, Christiane Kehder and Ina Loebert ask in a new paper for the Berlin-based think tank Prometheus Institute.