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Economic Regulation in Australia: The Case of the New South Wales Gas
Author(s) -
Abbott Malcolm,
Ma Xiaoying
Publication year - 2017
Publication title -
economic papers: a journal of applied economics and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.245
H-Index - 19
eISSN - 1759-3441
pISSN - 0812-0439
DOI - 10.1111/1759-3441.12178
Subject(s) - government (linguistics) , government regulation , state (computer science) , environmental regulation , market regulation , australian studies , economy , business , economics , economic policy , market economy , political science , public economics , law , art , philosophy , linguistics , literature , algorithm , computer science , china
As most utilities in Australia in the past were government owned, researchers of Australian market regulation have tended not to pay much attention to utility regulation. This has meant that the main Australian experience of the regulation of privately owned utilities has been neglected – that of the gas industry. In this industry, price regulation has been carried out since 1912 in the major urban centres of the Australian state of New South Wales. This article aims, therefore, to look at the changes that have occurred to this regulation over the longer term, with an emphasis on the post‐World War II period. In doing so, the types of regulation in New South Wales will be identified and related to changes both in Australia and in overseas.