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Market Power of Large Firms: Regional Features and Differences
We analyze market power of large firms through application of indicators for tracking the quality and stability of leadership. Our calculations are made on the open source data published by Expert Journal (Russia) concerning the leading corporations in Russia, Kazakhstan, and a number of Russian regions. To identify leaders, we use such indicators as business sales, profit-earning capacities, level of capitalization, and turnover growth. We can state that the characteristics of leadership are regionally heterogeneous. We also present our estimates of the further development and redistribution of market power
Yusupova A. T. [email protected]
Keywords: large firms stability market power
Structural features of modern sectoral markets in Russia
The paper proposes a new classification of industrial market players (firms) by indicators such as «concentration of firms» and «sustainability of leading market positions». This classiiication allows identifying the several types of markets which can be characterized by their market power and models of players' behavior. We analyse 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 are far from traditional forms of competitiveness.
Yusupova A. T. [email protected]
Keywords: foreign trade strategy market structure classification firm analysis competitiveness monopolization stability
