Tuesday, March 16, 2010

Life imitating Art in a Competition Law Setting

Against the backdrop of an ACCC report last week dealing with, among other issues, airport parking monopolies, this story in The Age today is reminiscent of that great Australian legal film, The Castle.

What a great story and a great way to spend retirement.

Artificially uncompetitive environments (taxis and parking) mean than for some domestic flights from Melbourne (and other Australian airports), the costs of getting to and from the airport (parking/taxis) exceed the air travel costs.

This seems a poignant example of why competition is required.

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