Economic Regulation and Competitive Markets Make Uneasy Bedfellows

May 6, 2011

 (by Catherine Waddams )  In regulated UK industries, both the OFT and sector regulators can apply competition law (i.e. abuse of dominance or anticompetitive agreements).  The current UK consultation about reforming the competition regime asks for opinions about this concurrency of powers  across the Competition Authority and sector Regulators.  In particular, it seeks views on which agency should handle competition cases in the regulated sectors.  This question raises fundamental  issues about the relationship between economic regulation and competitive markets. Experience shows that they make uneasy bedfellows.  Read the rest of this entry »