Abstract
One way to deal with apparent Coronavirus-related profiteering, apart from competition law enforcement, is to use regulation to cap the wholesale and retail prices of some products in high demand. However, the use of price controls and price caps has been criticised for running against the spirit of competition policy. This policy brief explains why price regulation is a highly disputed in contemporary regulatory practice and argues that, in the presence of persistent excessive prices, pragmatism justifies price regulation.
| Original language | English |
|---|---|
| Pages | 25-28 |
| Number of pages | 4 |
| No. | 39 |
| Specialist publication | Centre for Competition Policy Research Bulletin |
| Publisher | University of East Anglia |
| Publication status | Published - 23 Jul 2020 |