Microeconomic reform and national competition policy :
By: KOLSEN, Ted
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Material type: 
ArticlePublisher: Oxford : Blackwell Publishers Limited, June 1996Australian Journal of Public Administration 55, 2, p. 83-87Abstract: Microeconomic reform and the so-called National Competition Policy (NCP)have entered political discourse but often with little discussion of their specific meaning. The terminology tends to be emotionally and intuitively appealing. It implies that any microeconomic reform per se is necessarily 'good' for the achievement of economic efficiency. Moreover, misconceptions about the meaning of economic efficiency frequently result in the belief that a higher level of competition is always 'good' for the achievement of that objective. While there are many features in the new competition policy which deserve the wide acceptance and support it has been given, there are also espects of it which do not stand up to closer acrutiny. It is those aspects, including the problems which will arise when ambitious but vague principles are put into practice, which will receive attention in this article
Microeconomic reform and the so-called National Competition Policy (NCP)have entered political discourse but often with little discussion of their specific meaning. The terminology tends to be emotionally and intuitively appealing. It implies that any microeconomic reform per se is necessarily 'good' for the achievement of economic efficiency. Moreover, misconceptions about the meaning of economic efficiency frequently result in the belief that a higher level of competition is always 'good' for the achievement of that objective. While there are many features in the new competition policy which deserve the wide acceptance and support it has been given, there are also espects of it which do not stand up to closer acrutiny. It is those aspects, including the problems which will arise when ambitious but vague principles are put into practice, which will receive attention in this article
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