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The Institutional environment as a factor of the protection and the development of economic competition

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  • Fedorov Sergei

    (Department of Economics, Lomonosov Moscow State University)

Abstract

The protection and the development of economic competition always take place in the context of the institutional environment. In particular, the influence of this context manifests itself in the form of differences in approaches to industrial regulation, in variations of the administrative barriers to economic activity, and in distortions of antitrust practicies after their cross-country transplantation. This article analyzes the impact exerted by institutional environment on the economic competition by combining two approaches within the framework of the New institutional economics («social orders» by D. North et al. and O. Williamson's «mechanisms of governance»). The analysis allows us to conclude that the opportunism of politicians, along with the opportunism of market players, can cause restrictions on economic competition.

Suggested Citation

  • Fedorov Sergei, 2022. "The Institutional environment as a factor of the protection and the development of economic competition," Working Papers 0041, Moscow State University, Faculty of Economics.
    • Handle: RePEc:upa:wpaper:0041
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    More about this item

    Keywords

    protection and development of competition; institutional environment; mechanisms of governance;
    All these keywords.

    JEL classification:

    • L50 - Industrial Organization - - Regulation and Industrial Policy - - - General
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • L40 - Industrial Organization - - Antitrust Issues and Policies - - - General

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