An Evaluation of Compulsory Levy Frameworks for the Provision of Industry-good Goods and Services: A New Zealand Case Study
Prakash Narayan and
William Rutherford
No 136050, 2012 Conference, August 31, 2012, Nelson, New Zealand from New Zealand Agricultural and Resource Economics Society
Abstract:
A market failure exists in the supply of industry-good goods and services with characteristics of non-rivalry and non-excludability. Compulsory levy frameworks are one form of intervention that governments use to address this market failure. Key components of the New Zealand levy framework, the Commodity Levies Act 1990 (the CLA) are described. The CLA is then evaluated against the criteria of accountability, effectiveness, efficiency and fairness. Some key aspects of the Australian, United Kingdom (UK) and Canadian frameworks are also considered. The CLA is found to be strong on accountability, and to place strong performance incentives on industry organisations. The CLA is found to be fair to small and large-scale producers, and its flexibility enables efficiencies in administration and management of industry organisations.
Keywords: Environmental Economics and Policy; Political Economy; Public Economics (search for similar items in EconPapers)
Pages: 19
Date: 2012-08
New Economics Papers: this item is included in nep-env
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nzar12:136050
DOI: 10.22004/ag.econ.136050
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