OTHER | Projects

  • Fonterra Advice on Dairy Trade Liberalisation Policy, New Zealand
    As a world-leading agricultural producer, New Zealand is generally perceived to benefit from any initiatives to liberalise trade. Castalia developed a specialised economic model to test this assumption. Castalia’s global dairy model identified dairy market outcomes resulting from specific trade policies, enabling New Zealand’s largest company, Fonterra, to understand the trade policy that would maximise its commercial interests
  • Fonterra’s Proposed US$1.5 billion Acquisition of National Foods, Australia
    New Zealand’s largest company, Fonterra, wanted to acquire a major Australian dairy product manufacturer, National Foods for US$1.5 billion. Castalia provided specialist economic advice on the competitive effects of the acquisition by considering the likely efficiency benefits and potential for price impacts in the trans-Tasman market for dairy products. The acquisition was cleared by the competition authorities, although Fonterra ultimately withdrew its bid for the company
  • Models for Competition Regulation of Banking Services, New Zealand
    Institutional arrangements in the New Zealand banking sector have led to outcomes that increase costs to banks, and ultimately harm innovation and quality of service. Castalia was asked to consider alternative regimes that could both protect the legitimate interests of banks and adequately address the public policy concerns of increased competition and consumer protection. We reviewed alternative institutional options, such as allocating responsibility for competition and consumer protection of banks to a central bank or prudential regulator
  • Review of Payments Market for Visa Clearance Application, Singapore
    The Competition Commission of Singapore received a clearance application from Visa to obtain regulatory approval for credit card network arrangements. Castalia was engaged by the Commission to assess competition in the Singaporean payments market and evaluate the competitive effects of credit card network rules, including the Multilateral Interchange Fee. Castalia also evaluated efficiency arguments relating to credit card payments, such as network externalities, two-sided markets and efficient price discrimination and found that competition law was not well suited for addressing the unique features of the payments market
  • Review of Relative Strengths of Pharmaceuticals Policy, Canada and New Zealand
    Pharmaceutical policy in Canada and New Zealand operate under a paradigm of government oversight, but the two country’s experience quite different policy outcomes. Castalia evaluated areas of policy difference in Canada and New Zealand and has developed proposals to improve pharmaceuticals regulation in both countries
  • Improving Arrangements for Funding High Cost Medicines, New Zealand
    New Zealand has fallen behind other developed nations in providing access to high cost targeted medicines. Castalia reviewed the equity and efficiency of various funding mechanisms and regulatory procedures for innovative medicines, and recommended alternative policy approaches that might help improve sector outcomes