Research Catalog
Product Market Competition and Economic Performance in Iceland
- Title
- Product Market Competition and Economic Performance in Iceland [electronic resource] / Thomas Laubach and Michael Wise
- Author
- Laubach, Thomas.
- Publication
- Paris : OECD Publishing, 2005.
Available Online
Details
- Additional Authors
- Wise, Michael.
- Description
- 40 p.; 21 x 29.7cm.
- Summary
- This paper discusses the current state of product market competition in Iceland, including the legal and regulatory framework, and suggests directions for further improvement. Given the size of the economy, efficiency considerations dictate high concentration in many markets, and preventing abuse of market dominance is therefore a challenging task. Changes to competition law since the early 1990s have strengthened competitive forces in many sectors of the economy, and proposed amendments to that law would further improve market surveillance. The changes in the regulatory framework for telecommunications have helped vigorous competition to develop in most segments, but there remain problems in pricing of access to the local loop. In the still publicly owned electricity sector, however, competition in generation and sales is so far virtually non-existent despite new legislation. Other policies discussed include agricultural support, policies towards foreign direct investment, and public procurement and provision of publicly funded services.
- Series Statement
- OECD Economics Department Working Papers, 1815-1973 ; no.426
- Uniform Title
- OECD Economics Department Working Papers, no.426.
- Subject
- LCCN
- 10.1787/605284451863
- OCLC
- oecd-lib-001524
- Author
- Laubach, Thomas.
- Title
- Product Market Competition and Economic Performance in Iceland [electronic resource] / Thomas Laubach and Michael Wise
- Imprint
- Paris : OECD Publishing, 2005.
- Series
- OECD Economics Department Working Papers, 1815-1973 ; no.426OECD Economics Department Working Papers, 1815-1973 ; no.426.
- Connect to:
- Indexed Term
- EconomicsIceland
- Added Author
- Wise, Michael.
- Other Standard Identifier
- 10.1787/605284451863 doi