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An important aspect of UK competition policy is the attempt tomaintain competitive markets by prohibiting restrictive agreements andcartels involving price fixing, market sharing, etc., the effect ofwhich is to suppress, limit or distort active rivalry between suppliers.Examines UK policy towards restrictive agreements, alongside similarattempts to control cartels in the European Community. Outlines theregulatory frameworks operating in the UK and EC and emphasizesparticular points of interest in the application of policy control byreference to selected restrictive agreementcartel cases. While theattack on formal open collusion has been highlysuccessful, it is clear from the work of the Office of Fair Trading andthe European Commission that clandestine covertcollusion between suppliers remains an ongoing problem.
Management Decision – Emerald Publishing
Published: May 1, 1992
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