What Future for Price Surveillance? A Submission to the Prices Surveillance Authority's Review of Declarations under the Prices Surveillance Act 1983

CONTENTS

Preliminaries
Contents, Preface, Summary

1   Introduction

2   When is Market Power a Problem?
2.1   Defining the relevant market
2.2   Assessing the degree of competition and market power
2.3   Co-ordinated behaviour among sellers

3   Forms of Prices Surveillance
3.1   The PSA’s current approach
3.2   CPI minus X price caps
3.3   Price caps and the transition from monopoly
3.4   Summing up

4   When should Prices Oversight be Used?
4.1   Prices oversight — monitoring, surveillance or control?
4.2   The PSA’s review guidelines would benefit from a sequential structure
4.3   Apply prices surveillance to dominant firms
4.4   Applying the market dominance test to current declarations
4.5   Prices monitoring in border-line cases

References

Table of Legal Cases