In the News
CMA wants reform of price comparison sites
28th September 2017
An interesting microeconomic story with the Competition and Markets Authority (CMA) highlighting the need to use more than one price comparison website when shopping around for deals.
This ties in with the view that "I'm looking around for three quotes" is one of the most powerful phrases that a consumer can utter. Simples!
Of course, access to information is a necessity for efficiently functioning markets, and it's interesting to note that even the advent of the internet hasn't always brought this about.
CMA sets clear ground rules for price comparison websites and opens an investigation into one site https://t.co/uiMJrQgDud pic.twitter.com/HyAgX8rpQD
— Competition & Markets Authority (@CMAgovUK) September 26, 2017
Price comparison sites need to pull their socks up, says CMA https://t.co/0KAaFj9V2n
— The Independent (@Independent) September 26, 2017
You might also like
State Aid
Study Notes
Calls for greater competition in the aviation industry
2nd June 2015
Micro experiments - If it costs nothing, is it worth anything?
3rd February 2016
EU Blocks Takeover of O2 by Hutchinson
12th May 2016
Oligopoly and Collusion (Revision Essay Plan)
Practice Exam Questions
Cinema Takeover: Cineworld buys Regal
5th December 2017
Virgin and O2 plan merger
3rd May 2020