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Market competition and anti-trust policy in Russia

2008

Competition policy in Russia has been on the back burner when compared to other areas of economic policy. The balance between methods of pro-active and protective competition policy hasn’t been determined yet and individual methods in both policy areas haven’t always been effectively applied. The use of available tools of policy has not always been based on correct assessmentof different sources of threats to competition and all the more so on the right expectations of the use of individual policy measures. One of the reasons for this is the gap between research, on the one hand, and motives for applying the policy on the other hand. This project is aimed at narrowing this gap. The project is a continuation of long-term research devoted to the factors of the evolution ofmarket structure in Russia’s transition economy.

The purpose of this work is to define the tasks of competitive policy in the Russian Federation, the characteristics of the national system of competitive policy, the place of anti-trust legislation in the system of competitive policy; to evaluate the potential efficiency of both existing and proposed changes to the anti-trust legislation; to provide recommendations for improving existing anti-trust legislation.

Key results of the work:

  • We have defined the main components of the anti-trust policy and specifics of its application in transition economies, including Russia;
  • We have analyzed the main components of the changes to the anti-trust legislation in 2006-2007 and provided a quantitative estimate of their efficiency;
  • We have provided a forecast regarding the gains of punishment mitigation for participating in competition-restraining agreements, including comparison with the expected outcome of the use of pro-active methods of competition policy;
  • We have provided a quantitative estimate of the impact of mergers on manufacturing concentration and competition in some sectors of Russian industry;
  • We have examined the comparative advantages  of the concession tender awards and worked out some recommendations for Russian concession grantors (regional  and local governments);
  • We have reviewed some of the changes to the Russian anti-trust legislation proposed in 2008.