Preview

Russian competition law and economy

Advanced search
Open Access Open Access  Restricted Access Subscription Access

Organized (Exchange) Trading and Price Indicators as Instruments of Effective Commodity Markets, Public Policy and International Cooperation

https://doi.org/10.47361/2542-0259-2024-2-38-18-25

Abstract

   Approaches to the assessment of objective price indicators are described. It is said that price antimonopoly control has various forms, but it cannot turn into price regulation. Antimonopoly price control is based on the comparison of price characteristics and conditions of comparable markets. Indicators of organized (exchange) trading can become one of the most representative indicators of the level of market prices. It is important not to limit yourself to stock quotes, but also to use over-the-counter price indicators and price indicators of comparable foreign markets. It is shown that the whole set in the "price triangle" should be applied based on the condition of their methodological comparability. It is noted that the relevant price indicators at the national level, within the framework of the EAEU and the CIS, within the framework of BRICS+ make it possible to qualitatively improve the terms of trade on national and international markets.

About the Author

A. N. Golomolzin
ER-Telecom Holding; Institute for the Development of Competition and Antimonopoly Regulation of St. Petersburg State University
Russian Federation

Anatoliy N. Golomolzin

115035; Ovchinnikovskaya nab., 20, bldg 1; Moscow



References

1. Golomolzin A. N. Pro-competitive tariff regulation: experience and prospects. Russian competition law and economy. 2018;(2):6-29. (In Russ.) doi: 10.32686/2542-0259-2018-2-6-29

2. Novozhilov V. V. Problems of measuring costs and results with optimal planning. M.: Economics. 1967. 376 p. (In Russ.)

3. Golomolzin A. N. On competition and regulation: theory, history, practice, prospects. M.: RG-Press. 2021. 176 p. (In Russ.)

4. Golomolzin A. N., Davydov G. E. Railway freight transportation market: stage of commercial infrastructure creation. M.: Buki Vedi. 2013. 94 p. (In Russ.)

5. Golomolzin A. N. Trading system for transportation of petroleum products : A Textbook on Conducting a Business Game/A. N. Golomolzin, G. E. Davydov. Kazan: FGAU “Educational and Methodological Center” FAS Russia. 2017. 98 p. ISBN 978-5-9908476-5-1. (In Russ.)

6. The international working group on investigating issues on problems of pricing in the markets of oil and oil products and methods ways of their functioning: results, tasks and development strategy // FAS Russia/BWB. Moscow, Viena. 2014. 120 p. (In Russ.)

7. Golomolzin A. N., Tanner T. Pricing problems at markets for oil and petroleum products and ways of their solving // Oil, gas and law. 2014;(2):13-21. (In Russ.)

8. Anatoly Golomolzin, Theodor Tanner. Problems of Pricing in the Markets of Oil and Oil Products and ways of their Solving // Kartellrecht. August. 2013. № 4. Seiten P. 123–129.

9. Golomolzin A. N. Problems of Pricing in Oil and Petroleum Products Markets and Ways to Solve Them // Zhemin Zhibao (PRC), 2015 / https://fas.gov.ru/documents/574875 (Аccessed: 01. 05. 2024).

10. Interstate Council on Antimonopoly Policy: practical results of activities. M.: RG-Press. 2018. 336 p. (In Russ.)

11. Golomolzin A. N. The difficulties of the current period are not excluded, and make the state's development measures even more significant competition and market pricing (fas.gov.ru) (Аccessed: 01. 05. 2024) (In Russ.)

12. Golomolzin A. N. Development of exchange trading is a task that requires coordination of both authorities and business entities (fas.gov.ru) (Аccessed: 01. 05. 2024) (In Russ.)

13. Golomolzin A. N. Birzhev fuel trading needs indigenous changes to contain oligopoly by number of buyers (fas.gov.ru) (Аccessed: 01. 05. 2024) (In Russ.)

14. Golomolzin A. N. Exchange trading is a systemic measure improving the efficiency of the economy: from putting things in order to ensuring the conditions for the modern functioning of the business (fas.gov.ru) (Аccessed: 01. 05. 2024) (In Russ.)

15. Golomolzin A. N. Exchange guarantees quality (fas.gov.ru) (Аccessed: 01. 05. 2024) (In Russ.)

16. Golomolzin A. N. Work on the formation of reliable benchmarks is carried out both in the domestic and foreign markets (fas.gov.ru) (Аccessed: 01. 05. 2024) (In Russ.)

17. Golomolzin A. N. The work of the Exchange Committee has become one of the most effective instruments of international cooperation (fas.gov.ru) (Аccessed: 01. 05. 2024) (In Russ.)

18. Golomolzin A. N. Russia and China have a mutual interest in oil and gas markets (fas.gov.ru) (Аccessed: 01. 05. 2024) (In Russ.)

19. Golomolzin A. N. Russia and Kazakhstan outlined ways of cooperation in the development of exchange trading (fas.gov.ru) (Аccessed: 01. 05. 2024) (In Russ.)

20. Golomolzin A. N. It is profitable to work together in the CIS (fas.gov.ru) (Аccessed: 01. 05. 2024) (In Russ.)

21. Golomolzin A. N. Practical Results of Antimonopoly Activity in Significant CIS Markets. https://fas.gov.ru/news/26025 (Аccessed: 01. 05. 2024) (In Russ.)

22. Golomolzin A. N. EAEU can play a role in the development of exchange trading, forming common markets for oil, oil products, gas, electricity (fas.gov.ru) (Аccessed: 01. 05. 2024) (In Russ.)


Review

For citations:


Golomolzin A.N. Organized (Exchange) Trading and Price Indicators as Instruments of Effective Commodity Markets, Public Policy and International Cooperation. Russian competition law and economy. 2024;(2):18-25. (In Russ.) https://doi.org/10.47361/2542-0259-2024-2-38-18-25

Views: 134


ISSN 2542-0259 (Print)