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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
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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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This Report responds to the 1995 request by OECD Ministers that the OECD examine the significance, direction, and means of reform in regulatory regimes in Member countries.
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A major challenge of economic transition in central and eastern European countries is creating the institutional framework crucial to market operation. OECD Economic Studies No. 25.
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This glossary of terms frequently used in the field of industrial organisation economics and competition law has been compiled for pedagogical and training purposes.
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Do market failures justifies subsidies? OECD Economic Studies No. 14.