FPJ1704 - Salardini, A (2020), Competition policy: making it work for agriculture

FPJ1704 - Salardini, A (2020), Competition policy: making it work for agriculture

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There is little doubt that the introduction of the National Competition Policy (NCP) in the 1990s has created significant benefits in the Australian economy and provided value to consumers through lower prices for goods and services, new products, and innovation. However, the introduction and execution of competition policy has not produced positive outcomes in all markets, with widespread acknowledgement that competitive electricity markets have failed, with unnecessarily high electricity prices and little innovation. This essay contends that domestic agricultural markets should be added to the list of failures of competition policy.

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