Abnormally high market prices funnel wealth from consumers to owners of large companies.
(AP Photo/Julia Nikhinson)
Prices are up to five times higher than the raw costs of production for many of the goods and services we all need.
The inaugural chair of the ACCC says Gina Cass-Gottlieb’s experience opposing the ACCC in court will prove invaluable, and that it’s time to appoint a lawyer as chair.
Takeover bids for Australia’s last listed energy network companies suggest these monopolies are charging way more than necessary.
Just because a tech company has a big share of the market doesn’t mean it has the power to keep it.
The Australian Competition and Consumer Commission is lightening up on its normal competition rules and allowing competitors to cooperate.
The Australian and Victorian governments have both promised funding for a Melbourne Airport rail link, but a private consortium’s unsolicited proposal is also on the table.
Unsolicited market proposals are not transparently assessed. Infrastructure should be built to serve the public interest, not shaped by its private backers, but the checks to ensure this are broken.
On average, customers renewing their insurance policy now pay 34% more than new customers.
Governments can do more to expose the deceptive corporate practice of charging loyal customers more, says competition champion Allan Fels.
Australia has an unusually high degree of market concentration. Many industry sectors are dominated by a handful of large companies.
Competition policy in Australia is undermined by not knowing if it is right to let the vast majority of corporate mergers go ahead.
Calls to boycott supermarket-branded milk only put greater pressure on the dairy farmers who supply it.
AAP Image/Mal Fairclough
Calls to boycott supermarket-branded milk are misguided; and a royal commission into treatment of dairy farmers would be money wasted.
A Supreme Court of Canada ruling has triggered long-dormant provisions in the Competition Act that make preventing monopolies more difficult, especially in vulnerable media industries.
The Supreme Court of Canada’s 2015 decision to allow a hazardous waste monopoly in B.C. gave life to long-dormant provisions in the Competition Act that make preventing monopolies more difficult.
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Energy firms should compete over the ‘stickiest’ customers, who won’t switch suppliers.
We can’t say whether introducing competition to the health sector would work in the same way as other markets.
Headlines pointed to the privatisation of hospital, end-of-life and dental services, but the Productivity Commission’s report is actually a lot less radical.
Emerging retail players struggle to grow.
South Africa’s concentrated formal supermarket industry stands as an obstacle against economic transformation and competitive pricing for consumers.
Both domestic and global economic challenges face the new Turnbull government.
The government should consider five options to increase economic growth.
Prime Minister Malcolm Turnbull strongly denied he had previously opposed the “effects test”.
In a major victory for small business and the Nationals over big business, the government has agreed to write an ‘effects test’ into competition policy.
Between then, Rupert and Lachlan Murdoch have significant media holdings.
Fear of a Foxtel-Ten partnership to acquire sporting rights is likely to worry the ACCC.
ACCC chairman Rod Sims is among those advocating a so-called ‘effects test’ to determine whether market power has been misused.
Both big and small business have much at stake in competition policy reform, but they need to move on from simplistic arguments about misuse of market power.
It’s personal: why shouldn’t consumers reclaim the rich data trail they create?
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The competition review could help shed light on whether Australian companies are willing to share the data they hold on us as consumers.
The competition policy review is just another difficult conversation for the Abbott government.
Big reforms in taxation and competition policy are on the table for the Abbott government, but has it spent too much political capital to get any of them across the line?
Economist Ian Harper has delivered the final report in the most comprehensive review of competition law and policy in more than 20 years.
The removal of restrictions on retail trading hours, pharmacies and parallel imports, and a controversial “effects test” on existing misuse of market power rules are among the many recommendations contained…