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ACCC/AER Regulatory Conference 2011

The ACCC/AER Regulatory Conference, entitled 'Regulating for the Future', was held on Thursday 28 and Friday 29 July at the Sofitel Hotel, Brisbane, Queensland.

Papers and slides for the conference are attached below.

International speakers included:

Stephen Littlechild, Fellow, Judge Business School, University of Cambridge

Professor David Newbery, Director of Research, Electricity Policy, Research Group, Faculty of Economics, Cambridge University

Dr Bill Tye, Senior Advisor, The Brattle Group, Washington DC

Professor George Yarrow, Director, Regulatory Policy Institute, Oxford

Professor John Mayo, Professor of Economics, Business and Public Policy, McDonough School of Business, Georgetown University

Dr Cento Veljanovski, Managing Partner, Case Associates and Adjunct Senior Research Fellow, Centre for Market and Regulatory Analyses, University of South Australia

Professor Richard Green, Director, Institute for Energy Research and Policy, University of Birmingham

Professor Eli Noam, Professor of Finance and Economics, Columbia Business School and Director Columbia Institute for Tele-Information

Professor Hans-Martin Niemeier, Institute of Transport Development, Bremen University of Applied Sciences

Professor Ravi Jagannathan, Chicago Mercantile Exchange / John F Sandner Professor of Finance and Co-Director, Financial Institution and Market Research

Dr Toby Brown, The Brattle Group, San Francisco


Topics discussed included:

Is 'Cost-Of-Service Plus Incentives' the Optimal Form of Regulation?

The Evolution of Regulation: Past and Future

Improving the Practice of Regulation in Australia

Energy - Achieving a Low-Carbon Future

Communication - Regulation '3.0'

Water - Development of Rural Water Markets in Australia

Transport - What Can We Learn from the International Experience of Airport Regulation?

Finance - Does the Market Risk Premium Change Over Time?

Legal - Trends in Regulatory Decisions


Papers / Presentations for the 2011 Regulatory Conference



Day One: Thursday 28 July 2011

Session 1: Is 'Cost-Of-Service Plus Incentives' the Best That We Can Do?


Professor David Newbery, Director of Research, Electricity Policy, Research Group, Faculty of Economics, Cambridge University

Professor George Yarrow, Director, Regulatory Policy Institute, Oxford

Dr Bill Tye, Senior Advisor, and Dr Toby Brown, The Brattle Group, San Francisco

Session 2: The Evolution of Regulation: 20th Century Lessons and 21st Century Opportunities.


Professor John Mayo, Professor of Economics, Business and Public Policy, McDonough School of Business, Georgetown University

Professor John Mayo, Professor of Economics, Business and Public Policy, McDonough School of Business, Georgetown University

Dr Philip Williams, Executive Chairman, Frontier Economics

Session 3: Improving the Practice of Regulation in Australia.


Professor Paul Kerin, CEO, Essential Services Commission of South Australia and Professorial Fellow, Melbourne Business School

Dr Cento Veljanovski, Managing Partner, Case Associates and Adjunct Senior Research Fellow, Centre for Market and Regulatory Analyses, University of South Australia

Dr Philip Williams, Executive Chairman, Frontier Economics

Breakout Session 1: Energy - What Must Be Done to Adapt the Energy Market to a Low-Carbon Future?


Professor Richard Green, Director, Institute for Energy Research and Policy, University of Birmingham

Professor David Newbery, Director of Research, Electricity Policy, Research Group, Faculty of Economics, Cambridge University

Greg Houston, Director, NERA

Breakout Session 1: Communication - 'Regulation 3.0'.


Day Two: Friday 29 July 2011

Breakout Session 2: Water - The Development of Rural Water Markets in Australia: Assessing Progress, Looking Ahead.


Chloe Munro, Chair of the National Water Commission

Peter Gooday, General Manager, Productivity, Water and Social Sciences Branch, Australian Bureau of Agricultural and Resouce Economics and Sciences

Professor Mike Young, Executive Director, The Environment Institute, University of Adelaide

Breakout Session 2: Transport - What Can We Learn from the International Experience of Airport Regulation?


Stephen Littlechild, Fellow, Judge Business School, University of Cambridge


Stephen Littlechild, Fellow, Judge Business School, University of Cambridge. These papers will be in the forthcoming journal of Air Transport Management.

Professor Peter Forsyth, Department of Economics, Monash University

Professor Hans-Martin Niemeier, Institute of Transport Development, Bremen University of Applied Sciences

Breakout Session 3: Finance - Does the Market Risk Premium Change Over Time?


Professor Ravi Jagannathan, Chicago Mercantile Exchange / John F Sandner Professor of Finance and Co-Director, Financial Institution and Market Research

Dr Toby Brown, The Brattle Group, San Francisco

Breakout Session 3: Legal - Review of Regulatory Decisions: Trends.


Harriet Gray, PhD student, Australian National University (previously Counsel, ACCC Regulatory Law Unit)

Peter R D Gray, Member of the Victorian Bar

Peter R D Gray, Member of the Victorian Bar

Session 4: Q & A Session With A Panel of Experts: Reducing the 'Footprint' of the Regulator.


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