The Concept of Market Power of the Buyer (Economic and Theoretical Aspects for the Purposes of Antimonopoly Regulation)

Abstract

The authors defi ne the basic determinants of the market power of the buyer in terms of economic theory and economic policy. Based on a review of domestic and foreign literature, the factors contributing to the strengthening of the market power of the buyer are described; the results of the infl uence of the dominant buyer on the redistribution of surpluses and the emergence of social welfare costs are considered; the main directions of economic policy to control the market power of the buyer are determined.