Chapter 12: Australia – a regulator’s perspective
This chapter reviews some aspects of the political economy of Australian competition law, with an emphasis on developments since the 1990s. In the 1990s there was a sharp increase in the intensity of the enforcement of competition law. Not surprisingly, this created a clash between the regulator’s attempt to enforce the law more vigorously and the wishes of big business to be left free from the pressures of competition law. This chapter reviews the political economy of the issues involved from the regulator’s perspective, using a model that systematically analyses the tensions between the regulator’s desire for better outcomes, the wishes of elected governments, and the political environment generally for business not to be subject to such pressures. The analysis is extended by considering the political economy of two more recent developments in competition law in the last five years: the introduction of criminal sanctions for cartels and amendments to the prohibition on the misuse of market power.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.