Cartel busting raises prices??
January 22nd, 2009
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……
Categories: Antitrust, Australian economics
“The author is an economist who is the head of the “Deregulation” unit……”
Got to love vested interests
I was implying no such thing:P
You might not have been – but I’m a big fan of vested interests. It gives me papers to write about on the blog