Transcription of Government in markets
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Government in markets
Government in marketsWhy competition matters a guide for policy makers Crown copyright 2009 This publication (excluding the OFT logo) may be reproduced free of charge in any format or medium provided that it is reproduced accurately and not used in a misleading context. The material must be acknowledged as Crown copyright and the title of the publication Page1 Executive summary 1 Part A: Principles 32 Introduction 43 The role of competition 64 Reasons for intervention 105 Types of intervention 146 Key points for policy makers 16 Part B: Government interventions 217 Regulation 228 Subsidies and taxation 269 Government as an influencer 3110 Government as a market maker 3411 Public procurement 3712 Government as a supplier 41 AnnexeA A brief guide to competition and consumer law 43B References 46 One of the Office of Fair Trading s functions, under section 7 of the Enterprise Act 2002, is to provide information and advice to Government on competition and consumer issues.
The aim of this guide is to provide a framework for analysing Government’s interaction with markets, and for policy makers who want to understand the different ways in which Government can affect markets. It may also help provoke a more open debate about the long term effects of Government intervention, both positive and negative.
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