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Competition in a disorganized market

Author

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  • Kurnysheva, I. R.

    (Institute for Economics, Russian Academy of Sciences)

Abstract

As it is known, Russia lacked many prerequisites in the early 90-s needed to ensure that the competitive market mechanisms would contribute to the efficient economy formation. Different market instruments use is a characteristic of the developed economies. It is natural that the tools' efficiency is fairly restricted if they are used in the economies where the transition period is not over. Nevertheless, Russia created its competitive market regulations during a relatively short period of time; many market development instruments and mechanisms have been used; the business community uses the terms competition and competitiveness widely; we can see some business success stories. However, we can see that there are no prerequisites yet that could become the basis for the Russian economy competitiveness as the deep economic crises of the past hamper the competitive environment development.

Suggested Citation

  • Kurnysheva, I. R., 2008. "Competition in a disorganized market," Journal of Modern Competition, Synergy University, issue 1, pages 123-136.
    • Handle: RePEc:snr:mdrcmp:y:2008:i:1:p:123-136
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