Australia's silent and growing competition crisis
- Written by Dan Andrews, Visiting Fellow and Director – Micro heterogeneity and Macroeconomic Performance program, Crawford School of Public Policy, Australian National University
ShutterstockAustralia has long had far less competition in consumer markets than the US.
New research from the e61 Institute finds that in all but one of 17 broad industry divisions identified by the Australian Bureau of Statistics, Australian industries are on average more concentrated than their counterparts in the United States.
The measure used...
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