By R. S. Khemani, World Bank, Organisation for Economic Co-operation and Development
A dynamic and aggressive surroundings, underpinned through pageant legislation coverage, is a vital attribute of profitable marketplace economies. to meet the transforming into call for for info on present methods and practices in festival legislation coverage, the venture "Framework for the layout and Implementation of festival Law-Policy" used to be initiated by means of the area financial institution, with participation through OECD. This resulting quantity displays the most matters that come up in layout and implementation of festival legislations and coverage so as to help international locations in constructing an technique that fits their very own wishes and prerequisites. The perspectives articulated during this booklet recommend that the management and enforcement of pageant legislations coverage may still assign the best significance to fostering financial potency and buyer welfare.
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Extra resources for A framework for the design and implementation of competition law and policy
Competition Advocacy 93 Annexes 1. Barriers to Entry 101 2. Efficiency Defenses 124 3. A Framework for Competition Law 141 Page v Preface A dynamic and competitive environment, underpinned by sound competition law and policy, is an essential characteristic of a successful market economy. Many developing and transition economies that have undertaken significant market-oriented reforms, such as trade liberalization, privatization, and deregulation, are now also recognizing the need to implement rules safeguarding effective competition.
Other countries, however, do not believe that government encouragement of state monopolies, or ''national champions," at the cost of reduced competition in domestic markets would enhance their competitiveness, performance, or welfare. They have found that such national champions and public utilities, shielded from the full effects of competition, respond insufficiently to their markets and that improvements in productivity are slow; there has been widespread recognition that there is more to competition than simply applying competition legislation, since liberalization, deregulation, and privatization have also acted as stimuli to markets.
An accepted method for doing so is to approach the analysis from the demand side to determine the extent to which purchasers would readily switch between alternate products or sources of supply. In this discussion, seller preferences and actions are not strictly considered to be part of market definition, but rather part of a distinct process that follows after market definition, namely the assessment of competition. Some competition authorities consider both buyer preferences and seller preferences to be part of market definition.
A framework for the design and implementation of competition law and policy by R. S. Khemani, World Bank, Organisation for Economic Co-operation and Development