Merenje koncentracije i tržišne moći privrednih subjekata u funkciji unapređenja politike zaštite konkurencije
Measuring concentration and market power of economic entities in function of improving competition policy
Author
Radivojević, Vladimir M.Mentor
Stojanović, BobanCommittee members
Stanković, LjiljanaMaksimović, Ljiljana
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In economic theory, it is generally accepted thesis that greater competition increases
economic efficiency and hence overall social welfare. Therefore, the establishment of
competitive market structure is one of the primary intentions of every market-oriented economy.
The practice of developed countries clearly confirmed that law and competition policy are an
essential part of the institutional framework within which effective market economy operates.
All of the key phenomena dealt by competition policy are explained on the basis of
modern economics findings. Economic explanation of these occurrences allows cognition of
causes, mechanisms and consequences of the phenomenon of competition and its distortion. The
aim of this thesis is to highlight the importance of competition policy and to contribute to the
identification and analysis of non-competitive market structures, i.e. anti-competitive behavior of market participants.
The proposed theoretical-methodological and econometric instr...umentation allows
analysis of market structure, analysis of market participants behavior and the analysis of effects of that behavior on economic efficiency and social welfare. Results obtained by these analytical apparatus provides a good basis for objective, unbiased, and (to some extent) standardized reasoning and identification of anti-competitive behavior.
An empirical examination of the proposed instruments in done on the example of the
Serbian sugar market. The results indicate significant problems facing Serbia in the process of
building an efficient market economy based on competition.