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Bill: Competition Act 2094
Details
Submitted by[?]: Classical Liberal Party
Status[?]: defeated
Votes: This bill is a resolution. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: August 2095
Description[?]:
| 1. That an independent Competition Authority be established, under the aegis of the Ministry of Economic Affairs, to police anti-competitive activity in the economy. 2. Anti-competitive activity consists of collusion between companies to distort competition, or the fixing of prices far from the competitive equilibrium, in a market in which perfect competition would give the most efficient outcome. The significance of the price difference or the distance of any market from a perfectly competitive market is to be decided in any case by the Competition Authority. 3. The Competition Authority shall have the power of review over any merger or takeover in the Free Republic of Dorvik. It may prevent any takeover or merger which is anti-competitive. This ruling may be appealed in a court of law. State-sanctioned monopolies, where they exist, are exempt from this provision. 4. The Competition Authority shall have the power of review over any State-sanctioned monopoly. It may make recommendations to the Minister for Economic Affairs on the status of that monopoly. |
Proposals
Debate
These messages have been posted to debate on this bill:
| Date | 16:56:10, August 12, 2005 CET | From | Maroon Party | To | Debating the Competition Act 2094 |
| Message | I don't think giving the state the right to sanction certain monopolies and disband others is necessarily very good for a free market, any more than allowing natural monopolies would be. True monopolies should be regulated to prevent price gouging, but breaking them up often causes more trouble than it's worth, especially if they are operating in a constant-decreasing-marginal-cost industry. |
| Date | 17:10:54, August 12, 2005 CET | From | Classical Liberal Party | To | Debating the Competition Act 2094 |
| Message | It doesn't actually affect existing companies in any way. It can only prevent new ones forming through mergers. Regulation of existing companies would need new legislation. It's explicitly an independent body, not a state one, to minimise political interference. Ideally it would have a fixed stipend to prevent funding being changed by an unsympathetic government. That's a good point about decreasing MC, it's even more relevant when you consider economies of scale. So I'll amend that to come into effect when true price-fixing is demonstrable. |
| Date | 17:17:26, August 12, 2005 CET | From | Maroon Party | To | Debating the Competition Act 2094 |
| Message | Okay. We'll support a more moderate version of your bill then. |
| Date | 17:19:40, August 12, 2005 CET | From | Classical Liberal Party | To | Debating the Competition Act 2094 |
| Message | Has anybody anything to add to the bill as it stands? |
| Date | 05:21:23, August 13, 2005 CET | From | Maroon Party | To | Debating the Competition Act 2094 |
| Message | Change it to take into account natural monopolies and decreasing-cost industries, where a monopoly can be more efficient than perfect compettion. |
| Date | 16:33:17, August 13, 2005 CET | From | Dorvish Popular Front | To | Debating the Competition Act 2094 |
| Message | We vote no to protect the free market Dorvik currently enjoys. |
| Date | 17:00:12, August 13, 2005 CET | From | Maroon Party | To | Debating the Competition Act 2094 |
| Message | I don't think the bill is defined well enough and is too open to abuse. We vote no. |
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Voting
| Vote | Seats | |||||||
| yes | Total Seats: 0 | |||||||
| no |
Total Seats: 98 | |||||||
| abstain | Total Seats: 0 |
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