Tagged: competition

Media merger: Common sense – at last - The Dismal Science

Donal Curtin May 05, 2017

Yesterday I warned you that I was writing a piece for competition policy tragics, and this is it. In the event it’s not terribly technical, so give it a go even if you’re not a tragic – especially as it shows how we’ve got, finally, to a better place when it comes to assessing things like the NZME/Fairfax … Read More

Media merger: Yup, as expected - The Dismal Science

Donal Curtin May 04, 2017

By now you’re likely reaching saturation point on the NZME/Fairfax merger decision – every newspaper in the country seems to be running an editorial on it this morning, with the Herald for example saying ‘Blocking this merger is a big mistake’ and the Dominion Post going for ‘The Commerce Commission doesn’t get it’ – so I’ll try and … Read More

What’s happening at the petrol pump? - The Dismal Science

Donal Curtin Mar 06, 2015

Petrol prices, and petrol profit margins, have been in the news. Labour, for example, wants an inquiry; ACT doesn't; and apparently the AA hasn't been happy about 'miserly' falls in local petrol prices as the world oil price has dropped sharply.Much of the attention has been based on MBIE's weekly monitoring of 'importer margins', the 'importer margin' … Read More

Three decades later, still bonkers - The Dismal Science

Donal Curtin Oct 17, 2014

Last week the Australian Productivity Commission came out with a couple of reports, on the Aussie dairy trade (pdf) and on Aussie retailing (pdf). I wrote up the dairy one because it had various angles relevant to us, notably some discussion of our Fonterra-centred industry structure, a good smackdown of the 'national champions' idea, and some useful analysis of … Read More

Three strikes, and you’re – still going…. - The Dismal Science

Donal Curtin Oct 17, 2014

In a previous post I mentioned that Australia's Competition Policy Review had put a torpedo into the side of 'national champions' - requiring or allowing mass consolidation of an industry to produce what will supposedly be a more internationally competitive player.And last week, I'm pleased to say, the drifting hulk took another blow as Australia's Productivity Commission got it … Read More

No national champions, please - The Dismal Science

Donal Curtin Oct 09, 2014

In earlier posts (main one here, follow-up here) I've commended the wonderful work done by Australia's Competition Policy Review. They've systematically taken a pro-consumer, pro-competitive approach without wandering off piste into anti-business populism.They didn't get stampeded, for example, into "doing something" about the concentrated Aussie grocery business, noting that "While concentration is relevant, it is not determinative … Read More