Spanish regulators CNMC have released their report on the Royal Decree for De-Indexing the Spanish economy.
Developed economies such as Spain, where inflation is usually low, stable and predictable, a consensus has developed among economists that indexing economic variables to a particular list of prices (such as the Price and Stock Index) may cause negative distortions, affecting effective competition and devaluing information about supply and demand, which further hampers the making of good economic decisions.
The CNMC report identifies several points of contention and room for improvement. Among these are: The difficulty of applying efficiency and governance principles; the possibility of a downward revision for prices, needed exceptions to these rules for the energy and Public sectors, or the creation of formulas that will respect and promote the use of reliable, public databases.
Full Story: CNMC
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Former Novartis Executive Sentenced to Probation for Role in Generic Drug Price-Fixing Scheme
May 16, 2024 by
CPI
NCAA Faces Bankruptcy Threat from Antitrust Lawsuits
May 16, 2024 by
CPI
K&L Gates Expands Antitrust Practice with New Partners
May 15, 2024 by
CPI
Polish Regulators Probe PS Store and Steam for Antitrust Violations
May 15, 2024 by
CPI
French Regulator Meat-Cutting Sector Case Following Antitrust Review
May 15, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI