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Standard setting yields substantial benefits to consumers and often promotes competition to benefit consumers. Nonetheless, at times, standard setting can give rise to potential consumer harms. By bringing together different players in an industry, the standard setting process provides an opportunity for collusion, deception and strategy about which regulators must be vigilant and proactive. The discussion held found that a standard
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This document reviews the competition policy implications of increasing penetration of renewable energy. It includes submissions from Bulgaria, the Czech Republic, the European Union, France, Greece, Hungary, Japan, the Netherlands, New Zealand, Norway, Russia, Spain, the United Kingdom, the United States and business.
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Credit ratings provide an opinion on the relative ability and willingness of parties with debt obligations to meet financial commitments. They have three functions: to measure the credit risk of the issuer, to provide a means of comparison and to provide a common standard. The credit rating market is a natural oligopoly, with three Credit Rating Agencies (CRAs) accounting for more than 90% of the market. The recent financial crisis
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Practices that may harm competition in the pharmaceutical sector have emerged as important and controversial issues in recent years. This proceedings examine the nature of competition between generic and branded products in the pharmaceutical sector, as well as the effects on competition of agreements to delay the entry of generics on the market. It includes an analytical note by the staff of the United States Federal Trade
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Is financial stability enhanced or weakened by competition? This proceedings addresses the link between concentration and competition in the financial sector. It includes reports from Australia, Bulgaria, Chile, Egypt, the European Commission, Finland, Germany, Greece, Hungary, Ireland, Italy, Japan, Korea, the Netherlands, the Russian Federation, South Africa, Switzerland, Chinese Taipei, Turkey, the United Kingdom, the United
Mexico introduced the one-stop shop "tuempresa.gob.mx" to simplify administrative procedures to start-up a business in Mexico and to facilitate better interaction between individuals and the goverment.
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The financial sector is vulnerable to systemic loss of trust. The current crisis resulted from failures in financial market regulation, not failure of competition. Competition and stability can co-exist in the financial sector: more competitive market structures promote stability by reducing the number of banks that are “too big to fail”. Competition helps make the financial sector efficient and ensure that rescue and stimulus
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Gasoline retailing has changed dramatically over the last 25 years. While refiners often still have extensive networks of gasoline retailers, there is also a large independent sector in many countries. A study of the effects of entry by large general retailers finds benefits to consumers. There has been a vigorous debate about whether vertical separation between gasoline stations and upstream entities should be required. It appears
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This guide draws on the experience of, and policy dialogue between, member countries of the Organisation for Economic Co-operation and Development (OECD) and Middle East and North African countries (MENA). It reviews common barriers to designing and implementing a strategy for administrative simplification and offers 22 approaches to overcome them, providing a synthesis of good practices among policy makers and practitioners working
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This document presents the results of the first five self-assessments that have taken place using the Integrated Checklist on Regulatory Reform.