New regulation will allow the Israel Competition Authority to declare a company a monopoly even if it does not control the lion’s share of the market, if it can commend prices much higher than it would in a more competitive market. The authority announced the new regulations Sunday, following a legal amendment signed off on earlier this year.
Sunday’s directive indicates a mindset change for the authority, reported Calcalist. For years, it has avoided direct interference in product and services pricing on the premise that if the market remains competitive, prices will fall in line and are therefore under the aegis of the Ministry of Economy and Ministry of Finance. The new regulation gives the authority’s director general Michal Halperin, appointed in early 2016, a tool she has been insistent is needed for preserving and creating market competition.
Full Content: Calcalistech
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