The Accident Compensation Scheme: A Case Study in Public Policy Failure

Posted: 8 Dec 2003

Abstract

Among groups challenging ACC policy during this decade, the New Zealand Business Roundtable offered the most passionate critique of the scheme and its founding assumptions. The New Zealand Business Roundtable argued that the public interest was better served by promoting consumer choice in insurance coverage, delivered in a competitive market by private insurers. This article explains the origins and rationale for this market-based critique, and provides a spirited statement of an economic philosophy that proved influential in shaping legislative reforms in the 1990s.

Suggested Citation

Wilkinson, Bryce, The Accident Compensation Scheme: A Case Study in Public Policy Failure. Available at SSRN: https://ssrn.com/abstract=431870

Bryce Wilkinson (Contact Author)

Capital Economics Ltd.

PO Box 10927
Wellington
New Zealand
(04) 472-5986 (Phone)

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
562
PlumX Metrics