Oft ziemlich sorglos

OFT—Objectives and Concepts

The research work carried out within the OFT-project shall provide insights, methods, and prototypic software to support the design of hydraulic closed loop control systems. The paper in hand presents an overview of the research work, motivates the current objectives of the project, and provides useful background information. In particular we develop different views of the hydraulic design proc...

Oft, Vbp: Qed?

The report by the Office of Fair Trading (OFT) on the UK pharmaceutical price regulation scheme (PPRS) recommends the reform of the current scheme, which is a combination of profit and price controls, to one where price is based on the health benefits offered by a pharmaceutical. On closer examination some of the more commonly expressed concerns about these proposals do not seem to be well foun...

Optimal Foraging Theory - OFT

A Critique oft e Myths

Concurrency between OFT and Regulators*

This article assesses the benefits and possible pitfalls resulting from the concurrency of powers between the OFT and industry regulators under the Competition Act 1998. One of the main advantages is the extension of competition enforcement powers to sectoral regulators who have detailed knowledge and experience of their respective industries. Achieving a broadening of the regulators’ powers wi...