List articles

Two methods of determining the product type boundaries of product markets are compared: hypothetical monopolist test (SSNIP) and method of pairwise comparison. Advantages of pairwise comparisons method as opposed to SSNIP are highlighted.

The article is devoted to the notion «collective dominance» with regard to administrative offence «abuse of a dominant position». The author gives a legal characterization of the term, analyses the judicial practice. Then the article contains opinions of famous scientists who deal with the issue. In addition the author offers own understanding of «collective dominance» and proposes some change in the law.

This paper is devoted to the analysis of mergers and acquisitions in Russia. Using the statistical and econometric methods the estimation of macroeconomic and industry factors influence on the intensity of mergers and acquisitions processes by sectors of Russian industry is carried out. As a result the relationship between the activity of the redistribution process of the corporate control rights and some industry characteristics such as an involvement into the foreign trade, the relative industry size, the concentration of production is revealed.

The article is dedicated to the analysis of foreign market entry modes. The main goal of the re¬search is to develop a theoretical and methodological approaches that help companies to make effective strategic decisions for internationalization of their business. The research is based on the analysis of the Dunning FDI Theory that is expanded to other possible types of foreign market entry modes.

Rapid development of markets for experience and credence goods in XXI century has not yet been analyzed in Russian academical literature. Meanwhile these markets has institutionalized and changed organizational structure and rules of some markets, for instance, private tutors market (internet site www.repetitors.info) and home-rent market (internet site www.airbnb.com). In this article I analyze internet markets in context of assymetric information and adverse selection, comparing them to offline markets. Key thesis is that online markets without reputational mechanisms are less efficient compare to offline markets. I consider list of recent research of reputation on online markets which offer different mechanisms to avoid adverse selection on internet. I compare social interactions of consumers and web 2.0 (user-generated content) instruments. I conclude that online markets should help seller of experience good (or service) to build his reputation through stimulating his consumers to share information in their social accounts. In conclusion I suggest more directions for deeper analysis of these phenomena.

The article describes the results of the research on the phenomenon of the effective competition in the Russian insurance market. The theory of the effective competition of Y. Shumpeter formed a methodological basis of the work. U. Sheferd's technical calculation and other foreign and domestic researchers have been used. The analysis of the standard criteria of the effective competition in relation to insurance branch has revealed their incorrectness. The received results allowed to develop approaches to definition of branch criteria for the insurance market.