PINCCER Competition Workshop FEB 2024
The article discusses the market concentration levels in smaller African economies like South Africa and Zambia, focusing on the impact on competition and consumer welfare. It highlights the Competition Amendment Act and the effectiveness of market inquiries in identifying and addressing competition
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Understanding Restrictive Agreements and EU Competition Law
Restrictive agreements in the context of EU Competition Law involve collusion among undertakings to prevent, restrict, or distort competition. This includes fixing prices, controlling production, sharing markets, and imposing unfair conditions. The profitability of collusion in oligopolistic markets
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Market Structures and Competition Overview
Market structures in economics define the competitive characteristics of different markets. Perfect competition features many small firms producing identical products as price takers. Monopoly has one seller with significant market power, while monopolistic competition involves firms with some marke
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ICC Global Competition Commission Conference 2024 Overview
The ICC Global Competition Commission is hosting the "Meet to Compete: Competition Law and Policy Conference" in Opatija on 9th-10th May 2024. The event aims to enhance harmonization and convergence among jurisdictions in competition policy areas, increase antitrust enforcement efficiency globally,
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Understanding Market Structures and Competition
Exploring market structures such as perfect competition and monopolies, this content delves into the characteristics, implications, and types of different market environments. Perfect competition involves many buyers and sellers offering identical products, whereas monopolies arise from barriers pre
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Understanding Monopolistic Competition and Oligopoly
Learn about the characteristics of monopolistic competition and oligopoly in the marketplace. Discover terms like Monopolistic Competition, Differentiation, Nonprice Competition, and Oligopoly. Understand how monopolistic competition involves similar but not identical products, while oligopoly is do
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Understanding Market Sharing Cartel in Oligopolistic Markets
Market sharing cartels in oligopolistic markets involve firms entering agreements to share the market while retaining some autonomy in their operations. Two main methods are non-price competition and quota systems. Non-price competition involves firms agreeing on a common price to maintain profits w
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Understanding Price Elasticity in Economics
Explore the key concepts of price elasticity in economics, including calculations, determinants, and applications. Understand the differences between price elasticity of demand and supply, learn how to calculate price elasticity, and interpret elasticity coefficients. Discover the responsiveness of
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Merger Control in Zambia: Regulations and Rationale
The system of merger control in Zambia, established in 1997 under the Competition and Consumer Protection Act, aims to regulate mergers to prevent market dominance and adverse effects on competition. Merger regulation objectives include safeguarding competition, preventing anti-competitive behavior,
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Benefits of Robust Competition in Botswana: Insights and Recommendations
Explore the advantages of competition in Botswana as discussed at the National Competition Conference. Learn about the impact on prices, quality, choice, efficiency, innovation, economic growth, and more. Discover how fostering competition can benefit consumers, businesses, and the economy on a glob
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Understanding Price Indices in Economics
Exploring the concept of price indices in economics, focusing on composite price indexes, weighted and unweighted indices, and their importance in measuring relative prices. A practical illustration using the example of tea consumption showcases how price indices help in understanding cost changes o
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Understanding Monopolistic Competition in Market Structures
Monopolistic competition lies between perfect competition and monopoly, where many sellers offer similar but non-identical products. This type of market allows for new firms to enter freely in the long run, enabling product differentiation and individual pricing strategies. Learn about the main feat
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State-Owned Enterprises and Competition: Impact and Implications
State-Owned Enterprises (SOEs) play a significant role in economies worldwide. This presentation by Gideon Gobusamang Nkala at the National Competition Symposium delves into the debate on whether SOEs are beneficial or detrimental to competition. Exploring the features, rationale, and competition po
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Analysis of EU and US Approaches to Regulating Competition in Online Platforms
This webinar delves into the Digital Markets Act (DMA) and its implications for competition regulation in online platforms in both the EU and US. Prof. Nicolas Petit discusses the key principles and provisions of the DMA, shedding light on its impact on digital markets. The DMA targets core platform
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Price-Output Determination Under Low-Cost Price Leadership
Economists have developed models on price-output determination under price leadership, with assumptions about leader and follower behavior. In this scenario, two firms, A and B, with equal market share and homogeneous products, navigate pricing strategies based on cost differentials. Firm A, with lo
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Understanding Market Sharing Cartels in Oligopolistic Markets
Perfect collusion in oligopolistic markets often involves market-sharing cartels, where member firms agree to share the market while allowing some degree of freedom in their decisions. This can be done through non-price competition or quota agreements. Non-price competition cartels involve setting a
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Teacher Quality Partnership (TQP) Grant Competition - FY 2019 Overview
The Teacher Quality Partnership (TQP) Grant Competition for FY 2019 is organized by the U.S. Department of Education to enhance teacher quality through partnerships. The competition provides resources, guidelines, and application instructions for interested applicants. Important documents, checklist
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Application of Price Adjustment in Civil Works Contracts: Lessons from Nigeria
The construction industry faces challenges due to price fluctuations in construction materials, especially in countries with unstable currencies. Civil works contracts funded by the World Bank are eligible for price adjustments if the contract duration exceeds 18 months. This presentation highlights
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Understanding Monopolistic Competition and Price Discrimination
Explore the market structures between perfect competition and monopoly, focusing on monopolistic competition. Learn how firms in monopolistic competition set prices and quantities, and examine their ability to earn economic profit. Understand the effects on society's welfare and the implications of
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Understanding Weighted Price Indices in Economics
Weighted price indices are essential in economics to measure changes in prices over time. Different methods such as Laspeyre's and Paasche's price indices offer ways to calculate these indices using weighted averages. Fisher's index combines both methods to provide a comprehensive view. The weighted
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International Chinese Language Competition (ICLC) Briefing for Students
Participate in the International Chinese Language Competition (ICLC) by logging in to the competition website, completing two competition parts, and submitting your answers for a chance to showcase your Chinese language skills. Follow the steps outlined from login to submission, and endeavor to do y
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Competition vs Sustainability: Seeking a Balance
Competition law and sustainability can either conflict or coexist harmoniously, depending on the circumstances. Integrating environmental protection into competition policy is vital for promoting sustainable development. Companies operating inefficiently face market survival challenges due to hidden
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ELSA International Negotiation Competition: Concept and Rules
ELSA organizes an International Negotiation Competition where teams of lawyers negotiate legal issues. The competition includes local, regional, and international rounds, with detailed rules and scenarios provided. Only one team from each national group can participate in the international competiti
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Price Index Session VII - Designing Price Data Collection System
This session delves into the process of designing a price data collection system, focusing on product specification, setting norms for item substitution, outlet selection, determining frequency and timing, method of data collection, treatment of seasonal products, quality adjustment, and dealing wit
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Understanding Price Determination in Livestock Economics and Marketing
Price determination under perfect competition involves the interaction of demand and supply curves to reach equilibrium, where the quantity demanded and supplied are balanced at an equilibrium price. In perfect competition, price is determined at the point where demand and supply intersect. Demand v
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Understanding Price Index: Issues and Concepts
Price indices play a crucial role in measuring changes in prices of goods and services. This presentation covers the construction of price indices, defining purposes, selecting base periods, assigning weights, and more. Explore the purpose, scope, and coverage of price indices as measures of inflati
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Competition and Fair Trading in Trinidad and Tobago
This presentation covers the importance of competition, the history of competition policy in Trinidad and Tobago, the establishment of the Fair Trading Act and Commission, and the key aspects of the Act including the prohibition of anti-competitive practices. Learn about the benefits of competition,
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Antitrust and Price Discrimination: Robinson-Patman Act Overview
The Robinson-Patman Act, a significant antitrust statute, aims to prevent price discrimination that harms competition, particularly targeting sellers granting discriminatory prices. While some price discrimination can enhance efficiency, predatory discrimination poses a serious threat to competition
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Combatting Bid-Rigging in Public Procurement: Insights from Botswana's Competition Policy
Botswana's approach to combating bid-rigging in public procurement involves a comprehensive competition policy and law framework. The National Competition Policy, adopted in 2005, aims to prevent anticompetitive practices and create a business-friendly environment. The Competition Act of 2009 specif
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Constructing Price Index: General Procedure and Aggregation
The process of constructing a price index involves various steps such as computation of price relatives, aggregation at different levels, selection of base period, and designing data collection methods. Weighted arithmetic mean and simple ratio calculations are used in aggregating price indices. A t
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Understanding Price Elasticity of Demand in Economics
Price elasticity of demand is a crucial concept in economics that measures how much the quantity demanded of a good changes in response to a change in its price. Factors influencing own-price elasticity, cross-price elasticity, income elasticity, and supply elasticity are explained and illustrated u
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Understanding Elasticity in Economics
Elasticity in economics refers to the responsiveness of demand to price changes. A more elastic curve results in larger quantity changes for small price changes, while a less elastic curve requires larger price changes to affect quantity consumed. The elasticity of demand can be measured by calculat
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Understanding Price Elasticity of Supply in Economics
Price elasticity of supply measures how much the quantity supplied responds to changes in price. It can be inelastic (quantity supplied responds slightly), elastic (quantity supplied responds substantially), or unit-elastic (price elasticity of supply equals 1). Various determinants like the passage
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Understanding Degrees of Elasticity of Demand
Elasticity of demand refers to the responsiveness of quantity demanded to changes in price. Perfectly elastic demand occurs when there is an infinite demand at a particular price and demand becomes zero with a slight rise in price. Conversely, perfectly inelastic demand occurs when there is no chang
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Promoting Better Lives Through OECD's Competition Policies
The OECD's Competition Division works towards promoting fairer development, better education, healthcare, pensions, and employment through its outreach programs and global forums. The Global Forum on Competition engages participants from around the world to discuss topics like fighting corruption, p
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The Competition Act, 2002 & Anti-Competitive Agreements: Overview
The Competition Act, 2002 primarily focuses on prohibiting anti-competitive agreements, preventing abuse of dominant positions, regulating combinations, and establishing the Competition Commission of India. Section 3 of the Act specifically prohibits agreements that have an adverse impact on competi
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Changes to Price Adjustment Provisions in Construction Management
The content discusses changes in price adjustment provisions for asphalt binder indices, bid indices, and bituminous price adjustment. It covers the removal of standard specifications, the use of specific binder types, and the application of price adjustments on a contract basis. The focus is on usi
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Understanding the Perfect Competition Market Structure
Perfect competition is a market structure characterized by free entry and exit, a large number of buyers and sellers, homogeneous products, and firms aiming to maximize profits. In the short run, firms are price takers, unable to influence market prices. Transitioning to the long run, all factors of
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Understanding Pricing and Competition in Land Surveying from a Competition Perspective
Delve into the importance of pricing and competition among land surveyors from a competition analyst's viewpoint. Explore the significance of fairness, consumer choice, and competition promotion in the context of pricing strategies. Gain insights into the relationship between pricing and competition
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Understanding Price Discrimination in Monopoly Markets
Price discrimination under monopoly occurs when businesses charge different prices to different consumer groups for the same product or service. Conditions for price discrimination include monopoly power, market segmentation, ability to separate consumer groups, and prevention of resale. Examples of
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