Competition policy refers to rules and regulations put in place by governments to promote fair competition among businesses. It aims to prevent companies from engaging in unfair practices that may harm consumers or hinder the entry of new competitors into the market. The goal is to ensure that there is a level playing field for all businesses, benefiting both consumers and the economy as a whole.
Full definition
The opposing argument is that intense domestic competition and a policy of being «tough» on mergers is necessary to achieve the goals of
competition policy in such an economy.
Big retailers will be hoping the federal government puts most recommendations from the
recent competition policy report in the too - hard basket.
It further noted that in a competitive environment, the number of players in a market is a matter for industry policy,
not competition policy.
This allows for a dynamic dialogue that serves to build consensus and convergence towards
sound competition policy principles across the global antitrust community.
Australia needs an institution whose remit encompasses advocating for
competition policy reform and overseeing its implementation.
This is the consensus view of the C.D. Howe Institute's
Competition Policy Council, which held its tenth meeting on October 22, 2015.
Maurice Stuck is a law professor at the University of Tennessee, with twenty years» experience handling a range of
competition policy issues in both private practice and as a prosecutor with the Antitrust Division of the US Department of Justice.
Second, a
strong competition policy also requires sensible competition law boundaries around how the profit motive might drive anti-competitive behaviour.
«Flight Centre: Australian High Court finds agent competed with principal and breached cartel laws» (Centre for
Competition Policy Blog, 9 January 2017)
Mr Sims explains that
effective competition policy depends on using competition and other incentives to boost productivity, effective competition laws and creating processes and institutions that continually foster competition.
THE National Competition Council this week released a comprehensive stocktake of reforms undertaken by various State governments, as part of their yearly review of progress by States in implementing reform under the Hilmer
competition policy agenda.
Indeed, the Google decision seems harsh to American lawyers in part because, unlike U.S. antitrust law,
European competition policy focuses on harm to companies as well as to consumers.
On March 20, I participated in the small group one - day program hosted
by Competition Policy International (CPI), attended by senior competition agency officials, private practitioners, and scholars.
Productivity Commission Chairman, Peter Harris, delivered an address to the Australian
Competition Policy Summit today - the speech is now available from the PC website.
Active competition policy key to Mexico's successful energy reform Mexico embarked on an ambitious and comprehensive energy sector reform in recent years to harness market forces and attract new investments 28 February 2017
Peers have invited a range of lawyers and academics to give evidence on
UK competition policy post-Brexit this week.
The final section of Chapter 5 defends the legitimacy of including the achievement of social and environmental objectives as public interest exemptions and / or justifications as a matter of
EU competition policy.
Jordan — don't be shocked, but I think if you asked Bill Stanbury about the real process of drafting
competition policy laws over a quarter of a century, you would find that much of the detail happened in the boardrooms of major law firms.
In an address to the Law Council of Australia's Competition and Consumer Committee's AGM, Mr Sims said that a strong
competition policy requires two things.
Certainly, we need a discussion
about competition policy that does allow Australian players to grow scale so that they are regionally and globally competitive,» Dr Crane said.
«Amazon's proposed acquisition of Whole Foods raises important questions
concerning competition policy, such as how the transaction will affect the future of retail grocery stores, whether platform dominance impedes innovation, and if the antitrust laws are working effectively to ensure economic opportunity, choice and low prices for American families,» Cicilline wrote.
Vibrant, dynamic competition lies at the heart of a robust economy, and
supportive competition policy is essential to innovation, growth, and consumers» wellbeing.
The Council, co-chaired by Benjamin Dachis, Associate Director, Research at the C.D. Howe Institute and Adam Fanaki, Partner, Competition and Foreign Investment Review and Litigation at Davies, Ward, Phillips & Vineberg LLP provides analysis of
emerging competition policy issues.
Professor Edward Iacobucci, Dean at the University of Toronto and
Competition Policy Scholar at the Institute, advises the program.
«The US dairy industry sees real value in the TPP negotiations if we are able to open new markets, like Japan and Canada, use the TPP process to strengthen global trading rules and secure
meaningful competition policy changes in New Zealand's dairy sector,» said Suber.
If achieved, the «united industry» approach would be markedly different from the current climate in the UK, where liberalist, free -
competition policies allow individual processors to set their own farmgate prices.
John Durie has a piece in today's Australian noting that in that speech Billson stressed that it is the Harper Review, not the Agriculture Green Paper, that is the «key tool in
setting competition policy».
(2001), «Reviewing the Productivity Commission's activities in the national
competition policy area, «Trade Practices Law Journal, Vol.
The AFR reports taht former ACCC Chairman, Craeme Samuel, has called for the re-introduction fo competition payments «to kick - start the reform agenda», noting that
competition policy hs «slipped off» the COAG reform agenda.