Artificial Intelligence (AI) promises to bring significant procompetitive consumer benefits but these developments are accompanied by a number of potential risks relating to competition. The OECD's James Mancini highlights some of these risks and looks at competition policy options that can help to ensure that AI reaches its procompetitive potential.
The digital revolution affecting economies and societies cuts across multiple areas of government policy. In this Competition Lore podcast, Caron Beaton-Wells engages the OECD's Antonio Gomes in a wide ranging conversation about the challenges and opportunities competition authorities are facing as they grapple with the digital transformation of markets.
Structural economic reforms, such as labour market and pension reforms, are often difficult to introduce because of voter discontent. Elsa Fornero and Anna Lo Prete have investigated whether painful reforms take more or less of a toll on the politicians who introduce them in countries where financial literacy is higher.
Many laws and regulations set the rules for how businesses enter, operate and exit a market and competition assessments help to ensure that these regulations are not overly or inadvertently restrictive for businesses and consumers. Federica Maiorano looks at the tangible contributions competition assessment is making to reforms underway in Greece.
A financially competent consumer needs to be able to tell the difference between a well-qualified financial professional and an unqualified charlatan. How good are consumers at judging the quality of advisers?
Behavioural insights are used in a wide array of public policies, including in the financial domain. This article looks at one example of how they are being applied in Brazil to help improve financial literacy.