Cookies?
Centre for Vocational Education Research LSE RSS Email Facebook Twitter

Abstract:

cover
CentrePiece Article
 Regulatory reform in Greece: the benefits of removing maximum mark-ups
 Christos Genakos, Pantelis Koutroumpis and Mario Pagliero November 2015
Paper No' CEPCP456:
Full Paper (pdf)

CentrePiece 20 (2) Autumn 2015

Tags: markup regulation; focal point; collusion; ex-post policy evaluation

Regulations that impose maximum mark-ups are intended to protect consumers from firms exercising market power. But a study by Christos Genakos and colleagues suggests that they can have the opposite effect: when Greece lifted controls on the market for fresh fruit and vegetables in June 2011, consumers enjoyed lower prices.

This article summarises 'The Impact of Maximum Mark-up Regulation on Prices' by Christos Genakos, Pantelis Koutroumpis and Mario Pagliero, CEP Discussion Paper No. 1310
 SHARE

Copyright © CVER & LSE 2015 - 2019  |  LSE, Houghton Street, London WC2A 2AE  |  Tel: +44(0)20 7955 7048  |  Email: CVER@lse.ac.uk  |   Site updated 23 August 2019
Use of this website is subject to, and implies acceptance of, its Terms of use (including Copyright and intellectual property, Privacy and data protection, and Accessibility).
The London School of Economics and Political Science is a School of the University of London. It is a charity and is incorporated in England as a company limited by guarantee under the Companies Acts (Reg no. 70527).The registered office address of the School is: The London School of Economics and Political Science, Houghton Street, London WC2A 2AE, UK; Tel: +44 (0)20 7405 7686