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Region: Economics and Sociology

2009 year, number 4

Structural features of modern sectoral markets in Russia

A.T. Yusupova
Keywords: market, structure, classification, firm, analysis, competitiveness, monopoly, stability, market power
Pages: 175-194

Abstract

The paper proposes a new classification of sectoral market players (firms) by indicators such as "concentration of firms" and "soundness of leading market positions". This classification allows identifying the several types of markets which can be characterized by their market power and models of players' behavior. We analyses Russian markets by applying such classification criteria, and show that the "concentration of firms" for all markets under study proved to have high values. This means that there can be observed the dominating players in the markets, while of a different dominating degree (therefore, market power). As such players dominate in markets, no further development of liberal forms of competition may be expected, as well as the players' behavior models prevailing in markets is far from traditional forms of competitiveness.