Competition Policy's regulatory innovations: quo vadis?
Gary Banks addressed the Australian Competition and Consumer Commission (ACCC) Regulatory Conference 2012 in Brisbane on 26 July 2012 and the Economists Conference Business Symposium in Melbourne on 12 July 2012.
Quo vadis? is a Latin phrase meaning 'Where are you going'?
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Progressing the reform of anti-competitive regulation
A mixed record
Good processes, poor outcomes
Some procedural lapses
And what about labour markets?
Better regulatory processes would bring dividends
Regulating monopoly infrastructure
Just one of several policy dimensions
The rationale for price regulation (revisited)
Regulation brings its own problems and costs
What lessons emerge?
Implications for future institutional arrangements?