The Concept of Market Power of the Buyer (Economic and Theoretical Aspects for the Purposes of Antimonopoly Regulation)
https://doi.org/10.47361/2542-0259-2022-1-29-24-29
Abstract
The authors defi ne the basic determinants of the market power of the buyer in terms of economic theory and economic policy. Based on a review of domestic and foreign literature, the factors contributing to the strengthening of the market power of the buyer are described; the results of the infl uence of the dominant buyer on the redistribution of surpluses and the emergence of social welfare costs are considered; the main directions of economic policy to control the market power of the buyer are determined.
About the Authors
I. V. Knyazeva
Siberian Institute of Management — branch of RANEPA
Russian Federation
Russian Federation
Nizhegorodskaya str., 6, Novosibirsk, 630102
N. N. Zaikin
Siberian Institute of Management — branch of RANEPA
Russian Federation
Russian Federation
Nizhegorodskaya str., 6, Novosibirsk, 630102
References
1. Alfred Marshall, Principles of Economics (8th ed.; New York: The Macmillan Co. 1920), p. 569.
2. Mills, David. (2010). Buyer Power and Industry Structure. Review of Industrial Organization. 36. 213—225. DOI: 10.2307/41799463.
3. Inderst, R., & Shaff er, G. Buyer power in Merger control. In W. D. Collins (Ed.) // Issues in competition law and policy. Chicago: American Bar Association, 2008;II:1611-1635.
4. Noll, R.G. Buyer Power And Economic Policy // Antitrust Law Journal, American Bar Association, 2005;72(2):589-624.
5. Ruffle, B. When Do Large Buyers Pay Less? Experimental Evidence // The Journal of Industrial Economics. 2013;61(1):108-137.
6. Stéphane Caprice, Patrick Rey, Buyer Power from Joint Listing Decision, The Economic Journal, Vol. 125, Issue 589, 1 December 2015, p. 1677—1704, https://doi.org/10.1111/ecoj.12241
7. Stucke, M. E., Looking at the Monopsony in the Mirror // Emory LJ. 2013;62(6):1509-1562. DOI:10.2139/ssrn.2094553
8. Holt C.A. Industrial organization: A survey of laboratory research // Handb. Exp. Econ. Princeton, NJ: Princeton University Press, 1993. P. 51.
9. Shastitko A.Y., Pavlova N.S. Bargaining power and market power: comparison and policy implications studies of the russian economy // Journal of the New Economic Association. 2017;(2(34)):39-58 (In Russ.), https://doi.org/10.31737/2221-2264-2017-34-2-2
10. Pindyck R., Rubinfeld D., Microeconomics. / Robert S. Pindyck, Daniel L. Rubinfeld. — 8th ed. p. cm. — (The Pearson series in economics). 2013.
11. Salop, S.C. Anticompetitive Overbuying By Power Buyers // Antitrust Law Journal. 2005;72(2):669-715.
12. Heidhues, Paul & Chae, Suchan. (2004). Buyers’ Alliances for Bargaining Power. Journal of Economics & Management Strategy. 13. 731—754. DOI: 10.2139/ssrn.497062
13. Brooke Group Ltd. v. Brown & Williamson Tobacco Corp., 509 US 209-Supreme Court 1993. URL: https://scholar.google.com/scholar_case?case=10207416770663828054&hl=ru&as_sdt=0, свободный. Загл. с экрана (Дата обращения: 06.11.2021).
Review
For citations:
Knyazeva I.V., Zaikin N.N. The Concept of Market Power of the Buyer (Economic and Theoretical Aspects for the Purposes of Antimonopoly Regulation). Russian competition law and economy. 2022;(1):24-29. (In Russ.) https://doi.org/10.47361/2542-0259-2022-1-29-24-29
Views:
382
Email this article 