Problemi Ekonomiki (Jun 2018)
Institutional Determinants of Antimonopoly Regulation of Relationships among Entities in the Electricity Market
Abstract
The analysis carried out in the article shows that under present economic conditions the concentration of large business structures in the generation sector of the energy market in Ukraine, revealing the problems of demonopolization of the essence of relationships among the entities in the industry, is based on the institutional nature of determinants of antimonopoly regulation. The key tasks of the antimonopoly bodies include the definition of a monopolist in a market and the development of adequate effective measures aimed at regulating its functioning and relationships with other market entities on a parity basis. Given this, the formation of dominance criteria with the help of different indices and parameters plays an important role in the production of institutional levers of regulation. The comparative analysis of the results of applying the dominance criterion and the Herfindahl-Hirschman index, using the example of entities in the generation sector of the electricity market, allows to conclude that the approach to developing an antimonopoly leverage should be weighed and justified, with regard to the complex vision of the determinants that are used in measuring the degree of market specificity and form institutional prerequisites for building a competitive model of relationships among participants in the market.
