Consumer Policy Toolkit
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The markets for goods and services have undergone significant changes over the past 20 years. Regulatory reform, global markets, new technologies and growth in the role of services in economic activity have driven the changes which, in many instances, have provided significant benefits to consumers. Relatively little attention has been paid to the challenges these developments have posed for consumers. More choice and more complexity in many markets have made it increasingly difficult for them to compare and assess the value of products and services. The challenges for consumers have raised similar challenges for the government authorities responsible for protecting them from unfair commercial practices and fraud.
This book examines how markets have evolved and provides insights for improved consumer policy making. It explores, for the first time, how what we have learned through the study of behavioural economics is changing the way policy makers are addressing problems.
Also available in: French
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Click to download PDF - 1.25MBPDF
Consumer Policy Decision Making
The purpose of this chapter is to provide a step-by-step process that policy makers can employ to help determine whether or not they should intervene in a market to address a specific problem and, if a policy intervention is warranted, to help determine what policy instrument, or instruments, should be used.
Also available in: French
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Click to download PDF - 413.06KBPDF