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In recent years, governments have increased their efforts to examine how they can acieve policy objectives more cost-effectively through better regulation or different mixes of policy tools.
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Chapter 4 of the OECD Economic Outlook No. 67. This chapter summarises the main lessons to be drawn from recent experience building on a substantial body of analytical work.
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Ten years after Hungary made the formal change from a centrally planned economy to a market system, the competition issues that appear in Hungary’s markets are comparable to those in other OECD countries in Europe. The general competition law is already 15 years old. It has been revised twice, most recently in order to mirror EU standards more closely.
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Is competition policy sufficiently integrated into the general policy framework for regulation? Competition policy is central to regulatory reform, because (as background report to Chapter 2 shows) its principles and analysis provide a benchmark for assessing the quality of economic and social regulations, as well as motivate the application of the laws that protect competition.
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Competition policy and enforcement have promoted two fundamental aspects of reform in Korea: increased reliance on markets rather than central government direction to drive growth and increased openness and transparency of public institutions and major private enterprises. Korea’s independent competition agency, the Korea Fair Trade Commission (KFTC), plays a central role in major reform efforts, and it has stepped up its enforcement
This report presents an integrated assessment of regulatory reform in the Netherlands in areas such as the macroeconomic context, the quality of the public sector, competition policy and enforcement, and integration of market openness, and in sectors such as electricity and telecommunications.&l
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The introduction of greater competition in regulated sectors has required establishing new regulators or seriously rethinking what existing regulators were doing, bringing to the fore important questions concerning the proper relationship between sector specific regulators and economy-wide competition agencies.
On the one hand, competition agencies have a comparative advantage over regulators when it comes to ensuring that
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This working paper suggests that a successful reform of public enterprises would improve productivity in key sectors of the Greek economy, and thus provide essential inputs at lower cost to the economy as a whole.
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US competition policy is grounded in principles of economics and has been a powerful tool in regulatory reform. Competition law enforcement and policy advice have played central roles in successful efforts over the last 20 years to reform and often eliminate anti-competitive economic regulation of transport, energy, telecommunications, and services.
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The expanding need for regulation coupled with pressures to reduce the cost of compliance has led to interest in marketable permit or obligation programmes (MPOPs). This paper presents the potential benefits and risks of MPOP's.