Cartel busting raises prices??

Or so says a report released by Institute of Public Affairs (IPA) in Melbourne.

Aparantly they surveyed some literature showing that prices acutually rose in the years following cartel presecution in the states (disclaimer: I’ve only read a description of this report somewhere else!).

Seams to be a classic case of correlation vs causation to me, but as mentioned above I haven’t actually read the paper. The author is an economist who is the head of the “Deregulation” unit……