Open AccessPolitical and Economic Decisions and Competition – What is the Efficient Antimonopoly Policy?
Author(s) -
Irakli Lekvinadze
Publication year - 2014
Publication title -
journal of eastern european and central asian research
Language(s) - English
Resource type - Journals
eISSN - 2328-8280
pISSN - 2328-8272
DOI - 10.15549/jeecar.v1i1.48
Subject(s) - legislation , cartel , competition (biology) , politics , monopoly , work (physics) , business , public economics , economic policy , economics , industrial organization , market economy , political science , law , collusion , engineering , mechanical engineering , ecology , biology
This article discusses the influence of economic decisions which affect the antitrust and competition support policies. Many countries provide governmental initiatives for improving antirust legislation. There is an effort to develop efficient legislation, to define market boundaries, to identify dominating companies, and to prevent cartel development. A review of the literature has shown that refined legislation does not work. Qualified and non-politicized economic decisions are required to provide fair and equitable competition in the marketplace. The discussions of various researchers are profiled on the economic issues. This article analyzes The Republic of Georgia’s 20 year unique market experiences in Eastern Europe. Recommendations have been proposed to increase the effectiveness of an anti-monopoly policy.