In December, senior thinkers, researchers and policy makers gathered at the FCA to discuss the promotion of competition in financial services. During the day, delegates focussed on the research being done on Behavioural Industrial Organisation (BIO).
Essentially a marriage of competition and behavioural economics, BIO offers policy makers a fresh perspective on which to base competition interventions. In this video, economists Peter Andrews, Amelia Fletcher, Michael D Grubb, Charlotte Duke and David Laibson discuss how the two disciplines can be folded together to provide a richer way of modelling and regulating financial markets, as well as promoting more effective competition.
