Abstract

Competition law provides the formation and protection of free competition. Modern market economy is the basis of the principle of free competition. Free competition provides an effective utilization of resources, price goes down, saving to reduce costs, find new technologies and their use in production. Desired markets, although a perfect competition market, because of market failures rather than the ideal situation monopolies, cartels can occur. At this stage, competition policies become important because they provide an efficient resource allocation, and constitutes an important element in raising the level of social welfare. Competition law is state intervention tool in order to establish and maintain free competition in the economy. Competition laws is seen as the constitution of the economy. In Russia, first competition authority was created in 1990 and the Law “On Competiton and Ristriction of Monopolistic Activity on Goods Markets” passed in 1991. After the OECD Peer Rewiew Report on Russia’s Competition Policy and Law, competition authority was abolished, new Federal Antimonopoly Service (FAS) established in 2004. Also new competition law passed in 2006. In Turkey, competition law passed in 1994, Turkish Competiton Authority was established in 1997. The aim of this study is to analyze competition law rules is implemented in Turkey and Russia. Also Examples of decisions issued by the Turkish competition authority and FAS Russia will be presented.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call