Addressing Unfair Trading Practices in Bulgaria

The Government of Bulgaria (GoB) is concerned that large retail chains may be using their superior bargaining position to dictate the terms of contractual relations with their suppliers. The Government believes that this constitutes unfair trading...

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Main Author:	World Bank
Format:	Working Paper
Language:	English en_US
Published:	Washington, DC 2014
Subjects:	ACCOUNTING AGRICULTURE ANTITRUST BARGAINING BARGAINING POWER BARRIERS TO ENTRY BOUNDARIES BUSINESS ENVIRONMENT CARTEL COLLABORATION COLLECTION OF DATA COMMODITY PRICES COMPETITION KNOWLEDGE COMPETITION POLICY COMPETITIVE ENVIRONMENT COMPETITIVENESS COMPETITORS COMPLEXITY CONSUMER CHOICE CONSUMER PRICES CONSUMER PROTECTION CONSUMERS CONTRACTUAL RELATIONS CONTRACTUAL RELATIONSHIPS DAMAGES DISCUSSION DISCUSSIONS DOWNSIDE RISKS ECONOMIC ANALYSIS ECONOMIC COOPERATION ECONOMIC DEPENDENCE ECONOMIC POWER ECONOMIC THEORY ECONOMIES OF SCALE ELECTRONIC COMMUNICATIONS FAIR FINANCIAL SECTOR GOOD PRACTICE HYPERMARKET HYPERMARKETS IDEAS INNOVATION LEADING MARKET ASSESSMENT MARKET COMPETITION MARKET CONCENTRATION MARKET DEFINITION MARKET DEVELOPMENTS MARKET ECONOMY MARKET POSITION MARKET POWER MARKET PRICES MARKET RISK MARKET SHARE MARKETING MERGERS MOTIVATION OMBUDSMAN POSITIVE EFFECTS PRICE FIXING PRICE TRENDS PRICING POLICIES PROBLEM DEFINITION PRODUCTS MARKET PURCHASING REBATES REGULATORY FRAMEWORK RELEVANT MARKET RETAIL RETAIL PRICES RETAIL STORE SAFETY SALE SALES SUPPLIER SUPPLIERS SUPPLY CHAIN TRADE POLICY TURNOVER UNFAIR COMPETITION USE OF INFORMATION VALUE ADDED
Online Access:	http://documents.worldbank.org/curated/en/2014/04/19457582/addressing-unfair-trading-practices-bulgaria-competition-knowledge-advisory-services-program http://hdl.handle.net/10986/19049

id	okr-10986-19049
recordtype	oai_dc
spelling	okr-10986-190492021-04-23T14:03:50Z Addressing Unfair Trading Practices in Bulgaria World Bank ACCOUNTING AGRICULTURE ANTITRUST BARGAINING BARGAINING POWER BARRIERS TO ENTRY BOUNDARIES BUSINESS ENVIRONMENT CARTEL COLLABORATION COLLECTION OF DATA COMMODITY PRICES COMPETITION KNOWLEDGE COMPETITION POLICY COMPETITIVE ENVIRONMENT COMPETITIVENESS COMPETITORS COMPLEXITY CONSUMER CHOICE CONSUMER PRICES CONSUMER PROTECTION CONSUMERS CONTRACTUAL RELATIONS CONTRACTUAL RELATIONSHIPS DAMAGES DISCUSSION DISCUSSIONS DOWNSIDE RISKS ECONOMIC ANALYSIS ECONOMIC COOPERATION ECONOMIC DEPENDENCE ECONOMIC POWER ECONOMIC THEORY ECONOMIES OF SCALE ELECTRONIC COMMUNICATIONS FAIR FINANCIAL SECTOR GOOD PRACTICE HYPERMARKET HYPERMARKETS IDEAS INNOVATION LEADING MARKET ASSESSMENT MARKET COMPETITION MARKET CONCENTRATION MARKET DEFINITION MARKET DEVELOPMENTS MARKET ECONOMY MARKET POSITION MARKET POWER MARKET PRICES MARKET RISK MARKET SHARE MARKETING MERGERS MOTIVATION OMBUDSMAN POSITIVE EFFECTS PRICE FIXING PRICE TRENDS PRICING POLICIES PROBLEM DEFINITION PRODUCTS MARKET PURCHASING REBATES REGULATORY FRAMEWORK RELEVANT MARKET RETAIL RETAIL PRICES RETAIL STORE SAFETY SALE SALES SUPPLIER SUPPLIERS SUPPLY CHAIN TRADE POLICY TURNOVER UNFAIR COMPETITION USE OF INFORMATION VALUE ADDED The Government of Bulgaria (GoB) is concerned that large retail chains may be using their superior bargaining position to dictate the terms of contractual relations with their suppliers. The Government believes that this constitutes unfair trading practices (UTP) and remedies should be found in the nation's competition policy framework. The GoB is considering the introduction of the concept of significant market power (SMP) into the competition legislation. To address the UTP issues in business to business (B2B) relations in the buyer supplier relations, the Minister of Finance of the GoB asked the World Bank in end-October 2013 for technical support in the area of competition. In November 2013, the task was further specified and the GoB asked the World Bank to explore how and whether the SMP concept, anchored in the competition policy framework, will effectively address UTP in B2B relations. The World Bank organized a technical workshop, titled significant market power and unfair trading practices: issues and challenges in collaboration with the office of the Deputy Prime Minister for economic development and the Bulgarian commission for protection of competition. The workshop presented the mixed success of international practices in addressing unfair trading practices. The World Bank analyzed European Union (EU) member state policies in addressing unfair trading practices against the following criteria: effectiveness, alignment with economic principles, adaptability, efficiency and timeliness, and analytically based, dependent, transparent, contestable, and reversible practice with due process. Additionally, the World Bank provided an economic assessment of how implementable and effective the significant market power will be to address unfair trading practices using competition policy. This assessment is based on the economic principles provided by the European commission guidelines, that is, take corrective action when abusive behavior harms consumers, not competitors. 2014-07-29T21:29:06Z 2014-07-29T21:29:06Z 2014-04-30 http://documents.worldbank.org/curated/en/2014/04/19457582/addressing-unfair-trading-practices-bulgaria-competition-knowledge-advisory-services-program http://hdl.handle.net/10986/19049 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Washington, DC Publications & Research :: Working Paper Publications & Research Europe and Central Asia Bulgaria
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ACCOUNTING AGRICULTURE ANTITRUST BARGAINING BARGAINING POWER BARRIERS TO ENTRY BOUNDARIES BUSINESS ENVIRONMENT CARTEL COLLABORATION COLLECTION OF DATA COMMODITY PRICES COMPETITION KNOWLEDGE COMPETITION POLICY COMPETITIVE ENVIRONMENT COMPETITIVENESS COMPETITORS COMPLEXITY CONSUMER CHOICE CONSUMER PRICES CONSUMER PROTECTION CONSUMERS CONTRACTUAL RELATIONS CONTRACTUAL RELATIONSHIPS DAMAGES DISCUSSION DISCUSSIONS DOWNSIDE RISKS ECONOMIC ANALYSIS ECONOMIC COOPERATION ECONOMIC DEPENDENCE ECONOMIC POWER ECONOMIC THEORY ECONOMIES OF SCALE ELECTRONIC COMMUNICATIONS FAIR FINANCIAL SECTOR GOOD PRACTICE HYPERMARKET HYPERMARKETS IDEAS INNOVATION LEADING MARKET ASSESSMENT MARKET COMPETITION MARKET CONCENTRATION MARKET DEFINITION MARKET DEVELOPMENTS MARKET ECONOMY MARKET POSITION MARKET POWER MARKET PRICES MARKET RISK MARKET SHARE MARKETING MERGERS MOTIVATION OMBUDSMAN POSITIVE EFFECTS PRICE FIXING PRICE TRENDS PRICING POLICIES PROBLEM DEFINITION PRODUCTS MARKET PURCHASING REBATES REGULATORY FRAMEWORK RELEVANT MARKET RETAIL RETAIL PRICES RETAIL STORE SAFETY SALE SALES SUPPLIER SUPPLIERS SUPPLY CHAIN TRADE POLICY TURNOVER UNFAIR COMPETITION USE OF INFORMATION VALUE ADDED
spellingShingle	ACCOUNTING AGRICULTURE ANTITRUST BARGAINING BARGAINING POWER BARRIERS TO ENTRY BOUNDARIES BUSINESS ENVIRONMENT CARTEL COLLABORATION COLLECTION OF DATA COMMODITY PRICES COMPETITION KNOWLEDGE COMPETITION POLICY COMPETITIVE ENVIRONMENT COMPETITIVENESS COMPETITORS COMPLEXITY CONSUMER CHOICE CONSUMER PRICES CONSUMER PROTECTION CONSUMERS CONTRACTUAL RELATIONS CONTRACTUAL RELATIONSHIPS DAMAGES DISCUSSION DISCUSSIONS DOWNSIDE RISKS ECONOMIC ANALYSIS ECONOMIC COOPERATION ECONOMIC DEPENDENCE ECONOMIC POWER ECONOMIC THEORY ECONOMIES OF SCALE ELECTRONIC COMMUNICATIONS FAIR FINANCIAL SECTOR GOOD PRACTICE HYPERMARKET HYPERMARKETS IDEAS INNOVATION LEADING MARKET ASSESSMENT MARKET COMPETITION MARKET CONCENTRATION MARKET DEFINITION MARKET DEVELOPMENTS MARKET ECONOMY MARKET POSITION MARKET POWER MARKET PRICES MARKET RISK MARKET SHARE MARKETING MERGERS MOTIVATION OMBUDSMAN POSITIVE EFFECTS PRICE FIXING PRICE TRENDS PRICING POLICIES PROBLEM DEFINITION PRODUCTS MARKET PURCHASING REBATES REGULATORY FRAMEWORK RELEVANT MARKET RETAIL RETAIL PRICES RETAIL STORE SAFETY SALE SALES SUPPLIER SUPPLIERS SUPPLY CHAIN TRADE POLICY TURNOVER UNFAIR COMPETITION USE OF INFORMATION VALUE ADDED World Bank Addressing Unfair Trading Practices in Bulgaria
geographic_facet	Europe and Central Asia Bulgaria
description	The Government of Bulgaria (GoB) is concerned that large retail chains may be using their superior bargaining position to dictate the terms of contractual relations with their suppliers. The Government believes that this constitutes unfair trading practices (UTP) and remedies should be found in the nation's competition policy framework. The GoB is considering the introduction of the concept of significant market power (SMP) into the competition legislation. To address the UTP issues in business to business (B2B) relations in the buyer supplier relations, the Minister of Finance of the GoB asked the World Bank in end-October 2013 for technical support in the area of competition. In November 2013, the task was further specified and the GoB asked the World Bank to explore how and whether the SMP concept, anchored in the competition policy framework, will effectively address UTP in B2B relations. The World Bank organized a technical workshop, titled significant market power and unfair trading practices: issues and challenges in collaboration with the office of the Deputy Prime Minister for economic development and the Bulgarian commission for protection of competition. The workshop presented the mixed success of international practices in addressing unfair trading practices. The World Bank analyzed European Union (EU) member state policies in addressing unfair trading practices against the following criteria: effectiveness, alignment with economic principles, adaptability, efficiency and timeliness, and analytically based, dependent, transparent, contestable, and reversible practice with due process. Additionally, the World Bank provided an economic assessment of how implementable and effective the significant market power will be to address unfair trading practices using competition policy. This assessment is based on the economic principles provided by the European commission guidelines, that is, take corrective action when abusive behavior harms consumers, not competitors.
format	Publications & Research :: Working Paper
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Addressing Unfair Trading Practices in Bulgaria
title_short	Addressing Unfair Trading Practices in Bulgaria
title_full	Addressing Unfair Trading Practices in Bulgaria
title_fullStr	Addressing Unfair Trading Practices in Bulgaria
title_full_unstemmed	Addressing Unfair Trading Practices in Bulgaria
title_sort	addressing unfair trading practices in bulgaria
publisher	Washington, DC
publishDate	2014
url	http://documents.worldbank.org/curated/en/2014/04/19457582/addressing-unfair-trading-practices-bulgaria-competition-knowledge-advisory-services-program http://hdl.handle.net/10986/19049
_version_	1764443211981389824

Addressing Unfair Trading Practices in Bulgaria

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