Competition Policy

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Competition Policy
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UK Competition Policy

• post war
• Targets of Policy

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Evaluation of Policy

• investigative powers
• USA

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COMPETITION ACT 1998

• Prohibits
• i)
• ii)
• New framework enforced applied by OFT

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COMPETITION ACT 1998

• Appeals against OFT decisions heard by
  Competition Commission which replaces MMC

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(No Transcript)
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Enterprise Act 2002

• OFT became legal entity
• Secretary of State withdrawing

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• Competition Appeals Tribunal

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Effect on Behaviour

• Increases cost of engaging in anti-competitive
  behaviour