Add Papers Marked0
Paper checked off!

Marked works

Viewed0

Viewed works

Shopping Cart0
Paper added to shopping cart!

Shopping Cart

Register Now

eKönyvtár library
FAQ
 
  • Do We Need Government Intervention in the Form of Competition Policy?

     

    Essays3 Economics

Great deal: today with a discount!

Regular price:
1 430 Ft
You save:
258 Ft
Discounted price*:
1 171 Ft
Purchase
Add to Wish List
ID number:664644
Evaluation:
Published: 01.12.1996.
Language: English
Level: Secondary school
Literature: n/a
References: Not used
Extract

Competition policy aims to ensure, wider consumer choice, technological innovation and effective price competition. If achieved, the above aims contribute to both consumer welfare and to the competitiveness of the industry. The main thrust of competition policy is to ensure that, companies compete rather than collude, dominant companies do not abuse their market power, and efficiencies are passed on to final consumer in the firm of lower prices and better products.
In the real economy, is it always necessary for government intervention in the form of Competition Policy?
Let's consider The United States Airline Deregulation 1978.
This deregulation is seen to be successful, it brought benefit to customers. However, it also raised some problems such as congestion, limited re-emergence of monopoly power and with it, and the exploitation of a minority of customers. So when do we need competition policy?
Abuse of market power is best tackled through antitrust policy. Externalities can be reduced through regulation, a tax or subsidy, or by using property rights to force the market to take into account the welfare of all who are affected by an economic activity.

Author's comment
Work pack:
GREAT DEAL buying in a pack your savings −1 143 Ft
Work pack Nr. 1257491
Load more similar papers

Send to email

Your name:

Enter an email address where the link will be sent:

Hi!
{Your name} suggests you to check out this eKönyvtár paper on „Do We Need Government Intervention in the Form of Competition Policy?”.

Link to paper:
https://eng.ekonyvtar.eu/w/664644

Send

Email has been sent

Choose Authorization Method

Email & Password

Email & Password

Wrong e-mail adress or password!
Log In

Forgot your password?

Facebook

Not registered yet?

Register and redeem free papers!

To receive free papers from eKönyvtár.com it is necessary to register. It's quick and will only take a few seconds.

If you have already registered, simply to access the free content.

Cancel Register