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Oil explains all: desirable organisation of the Russian fuel markets (on the data of three waves of antitrust cases against oil companies)

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  • Svetlana Avdasheva
  • Svetlana Golovanova

Abstract

This article considers the mutual influence of antitrust enforcement in the petroleum product markets and competition legislation in Russia. An analysis of infringement decisions by the Russian competition authority allows us to understand the perceived goals of economic policy in this sector. The shift from antitrust investigations and infringement decisions to a very specific set of remedies is explained by the desire to maintain low retail prices under increasing concentration without price subsidisation or promotion of entry at the refining stage of the value chain. The article highlights the specific use of antitrust legislation to maintain low fuel prices and support independent retailing companies. We also note the limitation this policy faces. The goals and effects of antitrust enforcement in the industry explain, in turn, the specific path of competition legislation development in Russia.

Suggested Citation

  • Svetlana Avdasheva & Svetlana Golovanova, 2017. "Oil explains all: desirable organisation of the Russian fuel markets (on the data of three waves of antitrust cases against oil companies)," Post-Communist Economies, Taylor & Francis Journals, vol. 29(2), pages 198-215, April.
    • Handle: RePEc:taf:pocoec:v:29:y:2017:i:2:p:198-215
    DOI: 10.1080/14631377.2016.1267971
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    References listed on IDEAS

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    1. Joseph Farrell & Michael Katz, 2006. "The Economics of Welfare Standards in Antitrust," CPI Journal, Competition Policy International, vol. 2.
    2. Thomas Hoehn, 2010. "Structure Versus Conduct - A Comparison of the National Merger Remedies Practice in Seven European Countries," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 17(1), pages 9-32.
    3. Cheon, Andrew & Urpelainen, Johannes & Lackner, Maureen, 2013. "Why do governments subsidize gasoline consumption? An empirical analysis of global gasoline prices, 2002–2009," Energy Policy, Elsevier, vol. 56(C), pages 382-390.
    4. Svetlana Avdasheva & Andrei Shastitko, 2011. "Russian anti-trust policy: power of enforcement versus quality of rules," Post-Communist Economies, Taylor & Francis Journals, vol. 23(4), pages 493-505, June.
    5. Robert Porter, 2005. "Detecting Collusion," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 26(2), pages 147-167, December.
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    Cited by:

    1. Svetlana Avdasheva & Dina Korneeva, 2017. "Why Enforcement against Excessive Pricing in the Russian Federation is not Sufficiently Successful?," Public administration issues, Higher School of Economics, issue 5, pages 117-133.

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