RELATIONSHIP OF DOMESTIC AND EXPORT PRICES ON COMMODITY MARKETS OF THE RUSSIAN FEDERATION

Abstract

This paper examines the theoretical and practical features of the formation of parity of domestic and export prices on Russian commodity markets involved in international trade. The study shows that the hypothesis about the absence of parity between domestic and export prices due to the presence of market power in markets with significant economic concentration is not empirically confirmed. On the contrary, the most monopolized markets demonstrate formal signs of compliance with the law of one price, and therefore price parity for the external market and the domestic consumer. The nature of the price relationship and, as a consequence, the possibility of establishing parity of domestic and export prices in practice are determined by a wide range of institutional factors, including the specifics of state regulation of each specific market, its organizational and economic features and structure, etc. Thus, the solution to the problem of ensuring price parity requires taking into account a large number of quantitative and qualitative factors.