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an adequate regulatory framework to promote competition and, especially if rigorous market competition is lacking, to … protect the interests of consumers. Therefore, privatisation needs to be pursued in tandem with competition-enhancing …
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Part I of this two-part study sets out a framework for the analysis of State trading enterprises (STEs). It emphasises their diverse nature and the imperfectly competitive markets in which many of them operate. Although State trading enterprises may be granted monopoly powers, their objectives...
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, many of which can sustain effective competition. Experience shows that introducing competition into these industries leads … greater variety. But owners of bottleneck facilities are often in a position to restrict or limit the growth of competition …
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