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Regulatory reform in Greece: the benefits of removing maximum mark-ups


Regulations that impose maximum mark-ups are intended to protect consumers from firms exercising market power. But a study by Christos Genakos and colleagues suggests that they can have the opposite effect: when Greece lifted controls on the market for fresh fruit and vegetables in June 2011, consumers enjoyed lower prices.


Christos Genakos, Pantelis Koutroumpis and Mario Pagliero

6 November 2015     Paper Number CEPCP456

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