Concept Economics launches
Our new company launched in late March. As a new, Australian-based, entity, we hope to bring to economic consulting an approach that is informed, relevant and rigorous. Our management team is Henry Ergas as Chairman, Dr Brian Fisher as Executive Director, Economic Analysis and Dr Paul Paterson as Executive Director, Operations and Head of Telecommunications Consulting. Read more here.

Peter Conran and Dr John Kunkel join Concept Economics
We are pleased to announce two senior appointments in our Canberra office that significantly expand our capabilities in public advocacy. Most recently, Peter was Secretary to Cabinet and Head of the Cabinet Policy Unit, having been appointed to that position by then Prime Minister John Howard in March 2003. John was a senior advisor in the Cabinet Policy Unit of the Federal Government and the speechwriter for the former Prime Minister. Read more about Peter here, and John here.

Deb Chattopadhyay joins Concept Economics
Deb is one of the region’s foremost energy market modellers and has joined us from the Asia Pacific arm of CRA International's energy practice. Read more about Deb here.

Comments on Garnaut - Auctions vs Grandfathering
In April, Henry released a briefing paper on the proposal by the Garnaut Climate Change Review to auction (rather than grandfather in whole or in part) permits for an emissions trading scheme. In this paper, he outlines a number of risks that are associated with the proposed approach. Read the executive summary and full report here.
Concept Economics Press Room

Title: Urgent case of do or dry
Summary:

Stephen Beare, in his capacity as a consultant to the Murray-Darling Basin Commission, has written an article on the current water policy in the southern Murray-Darling region. Read it here....

Location: The Australian
Author: Stephen Beare
Date: Wed, Jul 2nd, 2008

Title: Beware Green Zealots
Summary:

In this article Henry Ergas writes about the current debate regarding the reduction of Australia's greenhouse emissions. Read it here....

Location: The Australian, p. 14.
Author: Henry Ergas
Date: Tue, Jul 1st, 2008

Title: Farce on four wheels
Summary:

In this article Henry Ergas comments on the plan to subsidise Toyota to build hybrid cars in Australia. Read the article here.

Location: The Australian
Author: Henry Ergas
Date: Thu, Jun 12th, 2008

Title: Kevin 24-7 or 7-11
Summary:

Henry comments on the actions of the Prime Minister over the Fuelwatch debate and other government issues. Click here to view article.

Location: The Australian, p. 12.
Author: Henry Ergas
Date: Tue, Jun 3rd, 2008

Title: Fels hits at retail planning laws
Summary:

NSW land use regulations, inefficient zoning requirements and restrictions on store formats are costing consumers, a report from former Australian Competition and Consumer Commission chairman Allan Fels says. (Click here to view AFR article - subscription required). The Choice Free Zone report by Professor Fels and Concept Economics and commissioned by the Urban Task Force said major retail landlords in existing shopping centres were taking between 17 and 21 per cent of retail turnover as rent, almost double other countries which take 9 to 12 per cent.

Location: Australian Financial Review, p. 62.
Author: Lisa Carapiet
Date: Tue, May 20th, 2008

Title: Root, branch or tree
Summary:

In this article, Henry writes about Australia's current tax system. He states that the more revenue a tax system has to raise, the worse its inherent imperfections become. "If the problems our tax system currently encounter seem less acute, it is partly because the Hawke and Keating governments' reforms and the Howard government's GST helped improve the system's structure and blunted its efficiency costs. But it is also because rapid economic growth and surging company profits have fuelled substantial ongoing increases in company tax receipts, reducing the burden that government outlays would otherwise have imposed directly on households. At some point, however, the easy days will end, and if they do so with our present tax system in place, the efficiency costs of that system will become starkly apparent. What this means is that now is the time to reform the tax system, as we can do so when the imperatives of revenue raising are less pressing."... ... more.

Location: The Australian
Author: Henry Ergas
Date: Tue, May 13th, 2008

Title: Wisdom of Solomon required to remove Australian infrastructure bottlenecks
Summary:

Brian Fisher chaired the Prime Minister's Taskforce on Infrastructure and Exports in 2005. He is quoted in this article about the impediments to change that still exist, 3 years on. Read more....

Location: The Australian
Author: Lenore Taylor
Date: Sat, May 3rd, 2008

Title: Is he on the right track?
Summary:

IS Reserve Bank of Australia governor Glenn Stevens about to face his John Maynard Keynes moment?... more.

Location: The Australian
Author: Graham Lloyd
Date: Tue, Apr 29th, 2008

Title: 'Root and branch' tax reform needs decisions, not a review
Summary:

BEFORE the election, Labor had little to say about taxation policy, other than (mainly) to adopt the "me-too" approach of income tax cuts of $31 billion out of the $35 billion already announced by the Coalition... more.

Location: The Age
Author: Des Moore
Date: Thu, Apr 24th, 2008


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Concept Economics is seeking applications from interested people for consulting positions within the company.

If you are a dedicated professional seeking to work in a challenging and highly collaborative work environment, and possess the following, you might enjoy a career at Concept.

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Concept Economics regularly runs short courses and seminars on subjects related to public policy, regulatory and competition issues. Please register here to receive advice of our upcoming events.

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