1. Do it once, get it right: Wholesale regulatory intervention in price and cost disclosure.
- Author
-
Morris, Nicholas and Nicholls, Rob
- Subjects
- *
WHOLESALE trade , *PRICE regulation , *CORPORATION law , *BUSINESS enterprise laws , *COMMERCIAL law , *GOVERNMENT policy - Abstract
Price regulation of the utility sector occurs mainly at the wholesale level. In contrast, in Australian superannuation, regulation requires limited disclosure of fees and costs at the retail level. This paper reviews the regulatory theory that has led utilities regulators to focus on wholesale-level disclosure. It then applies the insights used in these sectors to analyse mechanisms for price and cost disclosure which could be applied to Australian superannuation. The paper argues that intervention done once, but done right, may reduce the need for mandatory retail-level disclosure and would reduce some aspects of regulatory information asymmetry. [ABSTRACT FROM AUTHOR]
- Published
- 2017
- Full Text
- View/download PDF