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Comments on: On the RMA reforms http://www.tvhe.co.nz/2009/02/04/on-the-rma-reforms/ The Visible Hand in Economics Thu, 05 Feb 2009 04:07:47 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Matt Nolan http://www.tvhe.co.nz/2009/02/04/on-the-rma-reforms/#comment-12975 Thu, 05 Feb 2009 04:07:47 +0000 http://www.tvhe.co.nz/?p=2801#comment-12975 “One of the problems I have with the public good argument is that you get into a cycle of debate as to whether something is ‘needed’”

Indeed – it becomes an issue of value-judgments which is hard to mediate over.

“Dominant assurance contracts are a nice solution to holdout problems: basically, you get everyone along your proposed route to sign a contract saying that they’re willing to sell at price X if the route goes ahead, and they’re given a bonus of Y for signing on before date Z regardless of whether the project goes ahead”

Agreed that this is a good idea. However, if some section HAS to be part of a given project then we still have the issue of hold up

“National Interest does sound dodgy”

Very much.

“I’m not sure you can ever define the “national interest” in any serious way other than what the government says it is, and that is not a good basis for forcing through a project”

Indeed.

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By: Pages tagged "unwilling" http://www.tvhe.co.nz/2009/02/04/on-the-rma-reforms/#comment-12862 Wed, 04 Feb 2009 15:01:03 +0000 http://www.tvhe.co.nz/?p=2801#comment-12862 […] bookmarks tagged unwillingPrinting Services On the RMA reforms saved by 16 others     Shinmeiryu bookmarked on 02/04/09 | […]

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By: insider http://www.tvhe.co.nz/2009/02/04/on-the-rma-reforms/#comment-12754 Wed, 04 Feb 2009 04:06:24 +0000 http://www.tvhe.co.nz/?p=2801#comment-12754 @Eric Crampton
I don’t like ANY provision that makes the burden of regulation less onerous for government than for private developers

It also can lead to embarrasingly long queues at ministers’ doors as they parade their national interest. Wading through a bog of special pleading always leaves a nasty mess on your shoes.

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By: Paul Walker http://www.tvhe.co.nz/2009/02/04/on-the-rma-reforms/#comment-12740 Wed, 04 Feb 2009 03:11:40 +0000 http://www.tvhe.co.nz/?p=2801#comment-12740 I’m not sure you can ever define the “national interest” in any serious way other than what the government says it is, and that is not a good basis for forcing through a project. Imagine the fun lawyers could have if the “national interest” had to be determined in court.

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By: Auto Industry Bailout » Blog Archive » Fram Ph16 Extra Guard Passenger Car Spin-on Oil Filter | Auto Stuff http://www.tvhe.co.nz/2009/02/04/on-the-rma-reforms/#comment-12731 Wed, 04 Feb 2009 02:25:35 +0000 http://www.tvhe.co.nz/?p=2801#comment-12731 […] On the RMA reforms | TVHE […]

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By: Eric Crampton http://www.tvhe.co.nz/2009/02/04/on-the-rma-reforms/#comment-12720 Wed, 04 Feb 2009 00:48:00 +0000 http://www.tvhe.co.nz/?p=2801#comment-12720 Dominant assurance contracts are a nice solution to holdout problems: basically, you get everyone along your proposed route to sign a contract saying that they’re willing to sell at price X if the route goes ahead, and they’re given a bonus of Y for signing on before date Z regardless of whether the project goes ahead. At Z+1, if everyone’s signed on, the project goes ahead; if not, alternative route is taken (that’s also been given dominant assurance contracts). Dominant strategy then is to sign on early.

I don’t like ANY provision that makes the burden of regulation less onerous for government than for private developers as that attenuates incentives to get regulations right. National Interest does sound dodgy.

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By: insider http://www.tvhe.co.nz/2009/02/04/on-the-rma-reforms/#comment-12693 Tue, 03 Feb 2009 20:59:52 +0000 http://www.tvhe.co.nz/?p=2801#comment-12693 One of the problems I have with the public good argument is that you get into a cycle of debate as to whether something is ‘needed’ – look at the hearings over windfarms in Otago at present for an example.

I accept there is a legitimate interest if a public asset is affected to some extent, but you end up with endless relitigation of issues that the courts have no expertise in and which other processes cover. In the windfarms case they are arguing over the status of the power system and the demand growth for electricity, which are subject to other planning processes and oversight. To me it shouldn’t be up for debate. If someone wants to take a commercial risk and build it, that should be reason enough. What you should be arguing is the environmental effects.

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