Error and Design: Economics in (and some Economics of) the Australian Competition Tribunal
Posted in:
Competition policy
In an article for Agenda Magazine (Vol 16, Number 3) Henry comments on recent decisions of the the Australian Competition Tribunal.
The Australian Competition Tribunal plays a central role in the Australian regulatory system. Three of the Tribunal’s recent decisions are examined and found to have significant errors. It is argued on the basis of the economics of the institutional design that these errors are inevitable in a system where regulatory decisions are based on vague standards. It is concluded that the quality of regulation would be improved by a shift to a regulatory system that relied less on such vague standards and more on prescriptive, explicit rules.
Read the full text of Henry's article here.
Competition policy
Posted in:
Competition policy
Definition 'Competition policy'
Competition Policy aims at ensuring that competition in the marketplace is not restricted in a way that is detrimental to society.
You will find the links to the 'Competition Policy' opinion papers, and reports and papers on the left navigation bar.
Competition Policy aims at ensuring that competition in the marketplace is not restricted in a way that is detrimental to society.
You will find the links to the 'Competition Policy' opinion papers, and reports and papers on the left navigation bar.
