Competition issues in the procurement of capital-largest consumer products (lessons of antitrust case)

Вопросы конкуренции в закупках капиталоемкой продукции крупным потребителем (уроки одного антимонопольного дела)

Andrey Shastitko and Svetlana Golovanova

Ekonomicheskaya Politika / Economic Policy, 2014, vol. 1, 67-89

Abstract: The article is devoted to discussion of the recent antitrust case against the Russian manufacturers of large diameter pipes for violating the law "On Protection of Competition" in the part of the ban on a section of the market. The present case is a clear illustration of the importance of studying the details of institutional actions in qualification of market participants and their consequences. The analysis of the case with the application of modern economic theory shows that the hypothesis of collusion in the form of market sharing by territorial or other characteristics are not consistent with the active participation in this agreement the main consumer of LDP. At the same time the selected format interaction pipe group companies and OAO "Gazprom" - indicative planning - well explained from the perspective of reducing the risks in the contract terms of the scale of specific investments from the pipe manufacturers.

Keywords: collusion; antitrust policy; balancing the power of the consumer; credible commitment; contracting (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (2)

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