The Empirical Evaluation of the Role of Economic Analysis in the Russian Antitrust
The main objective of this investigation is the role of economic analysis in the Russian antitrust. Economic analysis serves for the qualification of the market positions of economic entities and for the determination of market conditions. Antitrust policy is at the intersection of economics and law. Its development both in Russia and in the USA and Europe is governed by increasing role of economics. It makes antitrust law enforcement more flexible, conditioned by circumstances (rule of reason) that enhances the role of economic analysis. It means that the qualification of economic entities behavior depends on the qualification of their market positions and existing market conditions in general. The study reveals that economic analysis is a powerful argument in a litigation procedure and significantly affects both its outcomes and durability. However, the obtained results show that Russia's antitrust authority is likely underestimate the role that economic analysis could play in litigation.