Many laws and regulations set the rules for how businesses enter, operate and exit a market and competition assessments help to ensure that these regulations are not overly or inadvertently restrictive for businesses and consumers. This article looks at the tangible contributions competition assessment is making to reforms underway in Greece.
Some policies drive growth, others act to redistribute income or wealth. While competition has long been known to drive economic growth, it can also make an important contribution to reducing income and wealth inequality.
Some policies drive growth, others act to redistribute income or wealth. While competition has long been known to drive economic growth, it can also make an important contribution to reducing income and wealth inequality. See our paper on competition and inequality.
Lack of competition can drive up prices of goods and services, with substantive negative effects for the poor, whose consumption basket is dominated by first necessity goods and services. Using new data, this study calibrates the overall impact of market power, showing a substantial impact on wealth inequality in the eight countries examined.
The combination of big data with technologically advanced tools is changing the competitive landscape in many markets and sectors. While this is producing benefits and efficiencies, it is also raising concerns of possible anti-competitive behaviour. This paper looks at whether algorithms can make tacit collusion easier and discusses some of the challenges they present for both competition law enforcement and market regulation.
This article by OECD's Antonio Capobianco and Pedro Gonzaga focuses on whether algorithms can make tacit collusion easier, both in oligopolistic markets and in markets which do not manifest the structural features that are usually associated with the risk of collusion. It was published in the August 2017 edition of the CPI Chronicle.
This publication puts forward a research agenda that advocates the importance of market competition, effective market regulation, and competition policies for achieving inclusive growth and shared prosperity in emerging and developing economies. It is the result of a global partnership and shared commitment between the World Bank Group and the OECD.
With new business models emerging, competition in the electricity sector is beginning to stir. This article by the OECD's Chris Pike looks at how the rise of the digital economy has led numerous markets to experience radical innovation in business models.
A more open world economy brings about new opportunities, stimulates creativity and innovation. It enables poorer countries to catch up and exploits global economies of scale. But globalisation also brings challenges, as it might spread the benefits unequally among people and regions, some of which are less well positioned to seize its potential. These benefits and challenges also apply for competition policy in a globalised world.
30/05/2017 - Adrian Blundell-Wignall, Special Advisor to the OECD Secretary-General on Financial and Enterprise Affairs, argues that key corporate and financial issues must be addressed if globalisation is to work better for all. These issues are examined in the new 2017 OECD Business and Finance Outlook.