Competition Policy and Business
Competition Policy and Business by LearnCorp Training Pty Ltd
Issues Addressed by Competition Policy:
Regulatory Efficiency (RE)
RE refers to the efficiency with which a government can regulate a market. Too much regulation is too inefficient, too little is ineffective.
Guidelines for RE:
Too much regulation may lead to firms cooperating with one another (against the regulation) rather than competing with one another. This is called co-opetition (blurring the edges or complementarities)