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National Competition Policy

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  • King, Stephen P

Abstract

National competition policy is having a major effect on Australian industry. The Hilmer committee recommendations on infrastructure access, competitive neutrality, restructuring of public enterprises and legislative review have been accepted by all Australian governments. The underlying economic principles, however, are not necessarily reflected in the reforms. The process of negotiated infrastructure access established under national competition policy may lead to monopoly rather than competitive pricing. Structural reforms of government business enterprises have ignored the benefits of integration and the relevant market characteristics. Legislative review has resulted in considerable political controversy. In some cases, competition policy can be improved by simple amendments to legislation while in other cases a clearer understanding of the relevant trade-offs may improve the reform process. Copyright 1997 by The Economic Society of Australia.

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Bibliographic Info

Article provided by The Economic Society of Australia in its journal The Economic Record.

Volume (Year): 73 (1997)
Issue (Month): 222 (September)
Pages: 270-84

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Handle: RePEc:bla:ecorec:v:73:y:1997:i:222:p:270-84

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Cited by:
  1. Bloch, Harry & Madden, Gary G & Coble-Neal, Grant, 2001. "The cost structure of Australian telecommunications," MPRA Paper 11019, University Library of Munich, Germany.
  2. Haufler, Andreas & Schjelderup, Guttorm, 2004. "Tacit collusion and international commodity taxation," Journal of Public Economics, Elsevier, vol. 88(3-4), pages 577-600, March.
  3. Dirk Schindler & Guttorm Schjelderup, 2006. "Company Tax Reform in Europe and its Effect on Collusive Behavior," CoFE Discussion Paper 06-01, Center of Finance and Econometrics, University of Konstanz.
  4. MacAulay, T. Gordon, 2000. "Competition Policy in Agriculture: A Review of Methods," 2000 Conference (44th), January 23-25, 2000, Sydney, Australia 123697, Australian Agricultural and Resource Economics Society.
  5. Joshua Gans & Stephen King, 2003. "Access Holidays for Network Infrastructure Investment," Development Research Unit Working Paper Series archive-39, Monash University, Department of Economics.

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