Risk equalisation could crush market

Introducing competition into markets for different goods and services is often a straightforward process.

31st December, 2005

Introducing competition into markets for different goods and services is often a straightforward process.

Sweep away old regulations and barriers to entry, set a level playing field and let the market do the rest. The airline sector is perhaps the best example in recent years of the enormous benefits that can result for consumers.

However, introducing competition in sectors where there are wider public policy goals can be a lot more complicated, as we are...

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