Showing posts with label Cartels. Show all posts
Showing posts with label Cartels. Show all posts
Wednesday, February 18, 2026
Dr Eric Crampton: Disappointment in attempt to improve competition laws
Labels: Cartels, Commerce Commission, Competition, Dr Eric CramptonThe coalition agreements that formed the government promised an important change to the Commerce Act.
The Commerce Commission has always been able to take on traditional cartel arrangements: secret agreements where businesses divvy up a market, restrict output, and raise prices. Those arrangements are rightly subject to heavy monetary penalties.
But cartels are not the only way competition gets blocked.
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