Industrial Policy brief overview

What the chapter covers.

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  • Industrial Policy
    • History
      • appeared in 1930's
        • 1970's to now
          • anti-interventionist
        • 1945-1979
          • interventionist
    • Competition Policy
      • 3 main elements
        • Monopoly
        • Merger
        • Restrictive trading practices
    • Private vs Public ownership
      • Nationalisation
      • Privatisation
    • Economic liberalisation
      • Privatisation and related policies
    • Price Capping and RPI - X formula
      • Price caps based on RPI minus X
        • factor X reflected improvement in prod. efficiency
    • New types of competition
      • Technology, yardstick

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