States that assessment of competition policy in Australia shows that the policy is focused on competition regardless of any imbalances of market power or of its effects on income distribution. Describes briefly the policy and its background and argues that it: ignores established economic...

Government intervention changes the allocation of resources through effects on input and output prices. While explicit forms of intervention have been the subject of many studies, implicit forms of intervention have been given much less attention. The price and output policies pursued by public...