Competition policy

Jamal Ibrahim Haidar, Takeo Hoshi, 21 October 2015

The Abe administration has outlined a desire for Japan to rank among the top three OECD countries in the World Bank’s Doing Business ranking. This column uses the Doing Business ranking itself to identify potential reforms the country could pursue to improve its position. Several politically viable, non-judicial reforms could quickly and easily move Japan up in the ranking. The approach highlights how the Doing Business rankings can be used to inform policy reform discussions.

Thorsten Beck, Haki Pamuk, Ravindra Ramrattan, Burak Uras, 12 September 2015

The focus of the financial inclusion debate has been mainly on credit and savings services. This column provides evidence that more effective payment systems can help ease small businesses’ access to external finance, ultimately resulting in faster economic growth. The success story of M-PESA in Kenya shows that mobile money technology not only increases financial inclusion of households, but also alleviates small firms’ financing constraints.

Shuhei Nishitateno, 10 September 2015

Whether incumbent firms deter new entrants in a more concentrated market has been of major concern to antitrust authorities. This column introduces empirical evidence on the relationship between market concentration and entry in the intermediate goods market, using unique data from the Japanese auto market. The findings show a U-shaped relationship, whereby entry decreases and then increases as the market concentrates.

Ginger Zhe Jin, Michael Luca, Daniel Martin, 22 July 2015

Theories of voluntary disclosure suggest that even when disclosure is voluntary, market forces can drive firms to completely reveal information about their quality. This column investigates these predictions in an experimental setting. Laboratory results suggest widespread failures of the theoretical predictions – senders do not fully disclose, and receivers are not fully sceptical about non-disclosure. This suggests a role for policymakers to help customers understand the sound of silence.

Paolo Buccirossi, Catarina Marvão, Giancarlo Spagnolo, 14 July 2015

EU anti-cartel decisions have imposed billion of euros of fines in recent years, but private actions by cartel victims are also possible. This column discusses a 2014 EU Directive that facilitates private actions by cartel victims while attempting to reduce conflicts between private and public enforcement.

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