Any analysis which limits the causes of the financial and economic crisis to either market failure or to the failure of the state can only be viewed as superficial. The causes are rather a combination of both these factors. Had there been a more clearly defined division between the role of the...

With the amendment to the cartel law in 2002, a new institutional basis had been established for competition policy in Austria. Responding to domestic and European pressure to reform, legislators provided the groundwork for setting up the Federal Competition Authority and Federal Cartel...

With price inflation on the increase since the autumn of 2007, competition policy has re-emerged as a subject of interest in Austria for both economic-policy makers and the public at large. In this context, possibilities may arise for more stringent enforcement of competition law as well as the...

The 2002 amendment of the Cartel and Competition Act introduced a fundamental change in the institutional landscape of Austrian competition policy. Apart from reorganising the institutional level, it will, however, be necessary to overhaul the contents side as well. The fundamentals of a...