Research Topics from Across the Commodity Markets

The article focuses on the analysis of the process of convergence of outsider and insider models of corporate governance. Chief characteristics of basic and intermediate systems of corporate governance as well as the changing role of its main agents are under examination. Globalization of financial and commodity markets, convergence of legal systems, an open exchange of ideas and information are the driving forces of the convergence of basic systems of corporate governance. However the convergence does not imply the unification of institutional environment and national institutions of corporate governance.

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Modernization of Antimonopoly Policy in Russia (Economic Analysis of Proposed Changes in the Competition Law)

Voprosy Ekonomiki ◽

10.32609/0042-8736-2005-5-100-116 ◽

2005 ◽

pp. 100-116

Author(s):

S. Avdasheva ◽

A. Shastitko

Keyword(s):

Economic Analysis ◽

Financial Markets ◽

Financial Services ◽

Competition Law ◽

Commodity Markets ◽

State Aid ◽

Executive Power ◽

Rule Of Reason ◽

Per Se

The article is devoted to the analysis of the draft law "On Protection of Competition", which must substitute the laws "On Competition and Limitation of Monopolistic Activity on Commodity Markets" and "On Protection of Competition on the Financial Services Market". The innovations enhancing the quality of Russian competition law and new norms providing at least ambiguous effects on antimonopoly regulation are considered. The first group of positive measures includes unification of competition norms for commodity and financial markets, changes of criteria and the scale of control of economic concentrations, specification of conditions, where norms are applied "per se" and according to the "rule of reason", introduction of rules that can prevent the restriction of competition by the executive power. The interpretation of the "collective dominance" concept and certain rules devoted to antimonopoly control of state aid are in the second group of questionable steps.

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