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Israel: Price controls are ineffective, new antitrust chief says

By  |  June 9, 2016

Antitrust Commissioner Michal Halperin on Wednesday called for a tougher approach to breaking up monopolies, but she said price controls are ineffective.

“Some 76 percent of the times monopolies were declared over the past 20 years were free of sanctions or enforcement mechanisms and thus did not contribute a thing to advancing competition,” she told the Knesset Finance Committee in her first public remarks since being named antitrust commissioner in January.

The Antitrust Authority already was examining its approach to price gouging and declaring companies as monopolies, Halperin said. Of 14 cases of price gouging that were recently reviewed, four of them in-depth, no enforcement action was taken on any them, she said.

Full Content: The Jerusalem Post

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