Promoting competition in Australia

This paper looks at the evidence on level of competition in the Australian market place, and reviews some of the policies and instruments available to promote competition. CONTENTS : Competition and the public interest. Factors bearing on competition in Australia. Conclusions. Appendices : Competition and economic performance. Competition and industry efficiency objectives. Competition and social objectives. Relationship between concentration and profitablity : recent US evidence . Concentration and market power in Australian industries. Background data on entry requirements, competitiveness for some professional groups. Trade practice for further amplification. :Industries. Economic conditions.