Abstract
The paper proposes an interpretation of the concept and evaluation criteria of antitrust regulation institutions efficiency which are based on the prerequisite of maximizing public welfare. Using the proposed approach it is shown that the goal of efficient antitrust regulation institutions is to increase public welfare and that they should be provided with resources necessary to implement them. Based on the proposed approach the efficiency of the Russian antitrust law in the sphere of revealing the availability of collective dominance of economic entities on goods markets is analyzed. Using the wholesale market of electric energy and the Russian oil-refining industry as an example it is shown that the current legislative criteria do not make it possible to reveal any possibility for separate economic entities to affect the conditions of market functioning. This in its turn results in the escalation of operation costs of both market participants and the antitrust authority.
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Petrov, S. (2018). Theoretical Aspects of Evaluating Antitrust Regulation Institutions Efficiency. In: Orăștean, R., Ogrean, C., Mărginean, S. (eds) Innovative Business Development—A Global Perspective. IECS 2018. Springer Proceedings in Business and Economics. Springer, Cham. https://doi.org/10.1007/978-3-030-01878-8_23
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