Product Market Competition and Economic Performance in Iceland / Thomas Laubach and Michael Wise = Concurrence sur les marchés de produits et performance économique en l'Islande / Thomas Laubach et Michael Wise.

Format:

Book

Government document

Author/Creator:

Laubach, Thomas, author.

Contributor:

Wise, Michael.

SourceOECD (Online service)

Series:

OECD Economics Department Working Papers 18151973 ; no.426.

OECD Economics Department Working Papers 18151973 ; no.426

Language:

English

Subjects (All):

Economics.

Iceland.

Local Subjects:

Iceland.

Physical Description:

1 online resource (39 pages).

Other Title:

Concurrence sur les marchés de produits et performance économique en l'Islande

Place of Publication:

Paris : OECD Publishing, 2005.

System Details:

text file

Summary:

This paper discusses the current state of product market competition in Iceland, including the legal and regulatory framework, and suggests directions for further improvement. Given the size of the economy, efficiency considerations dictate high concentration in many markets, and preventing abuse of market dominance is therefore a challenging task. Changes to competition law since the early 1990s have strengthened competitive forces in many sectors of the economy, and proposed amendments to that law would further improve market surveillance. The changes in the regulatory framework for telecommunications have helped vigorous competition to develop in most segments, but there remain problems in pricing of access to the local loop. In the still publicly owned electricity sector, however, competition in generation and sales is so far virtually non-existent despite new legislation. Other policies discussed include agricultural support, policies towards foreign direct investment, and public procurement and provision of publicly funded services.

Notes:

Title from title screen (viewed May 1, 2017).

Access Restriction:

Restricted for use by site license.