How competition bodies can mitigate Covid-19 impact
Friday, June 5, 2020 0:01
By WANGÓMBE KARIUKI |
Competition agencies have in recent weeks attended to infractions like price gouging, abuse of dominance, cartelization, and abuse of buyer power.
The meeting also recognised the critical role competition agencies play in ensuring that markets continue functioning competitively.
Competition agencies have in recent weeks attended to infractions like price gouging, abuse of dominance, cartelization, and abuse of buyer power.
In order to continue playing their role in the post-pandemic era, it was noted that competition agencies should reconfigure their operations from at least four perspectives; organisational, regulatory capacity, enforcement priorities, and policy advisory role.
As competition agencies, we need to advise our governments that price controls are counterproductive since they ultimately harm consumers, more so by facilitating proliferation of black markets.
