Service Oligopolies and Australia's Economy-Wide Performance

Rodney Tyers

Australian Economic Review, 2015, vol. 48, issue 4, 333-356

Abstract: type="main" xml:lang="en">

Australia's services industries now contribute almost four-fifths of gross domestic product. The microeconomic reforms of the 1990s left behind numerous regulated private service oligopolies that contribute one-quarter. Using an economy-wide modelling approach that represents service oligopoly behaviour explicitly, the extent of sectoral interactions and the potential economy-wide gains from price cap regulation are assessed. Non-linear interaction between oligopoly industries is shown to support economy-wide over sectoral analysis. Moreover, the results from the economy-wide modelling suggest that the cost of unabated oligopoly distortions would amount to one-third of Australia's gross domestic product.

Date: 2015
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Related works:
Working Paper: Service Oligopolies and Australia's Economy-Wide Performance (2008)
Working Paper: SERVICE OLIGOPOLIES AND AUSTRALIA'S ECONOMY-WIDE PERFORMANCE (2008)
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