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Approaches to failing markets

Approaches to failing markets. Daniel Gordon Office of Fair Trading BIICL Transaltantic Antitrust Dialogue 2 May 2007. OFT uses a wide range of tools to address failing markets. Soft. Hard. Regulatory Impact Assessment. Enforcement Competition Consumer. Informal Advice. Published

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Approaches to failing markets

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  1. Approaches to failing markets Daniel Gordon Office of Fair Trading BIICL Transaltantic Antitrust Dialogue 2 May 2007

  2. OFT uses a wide range of tools to address failing markets Soft Hard Regulatory Impact Assessment Enforcement Competition Consumer Informal Advice Published Papers Market Study Market Reference Purpose

  3. Market Studies Scoping/Fact-finding Market Investigation by Competition Commission Further OFT Action Action by others Recommendations to Government

  4. Market Studies – What have we done? 24 market studies completed to date:

  5. The approach we take • A presumption against intervening in markets • Evidence-based approach • Strong focus on government activity • Flexible approach subject to principles of good project management • Active stakeholder strategy for each study

  6. How we choose what to look at? Initial set of ideas Prioritisation Criteria Launch

  7. Some comments/observations • How do we choose between instruments? • Role of evaluation • What are the limits to what we should look at?

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