Study of Power Asymmetry in Industry Markets: A Russian Case.

The authors claim that the level of competition is the crucial factor in economic growth of an industry market. The study aims to develop a method for assessing power asymmetry in various industry markets. The proposed method is based on the analysis of the structure of industry and related markets, as well as on the assessment of the state support for the sector. The empirical base is the data obtained from 42 Russian industry markets. The results demonstrate a significant differentiation of the power asymmetry level in Russia's industry markets and make it possible to improve the assessment of inequality in industry markets. The research results are of an applied nature and can serve as the basis for designing a strategy for industrial enterprises development. The findings of the study can also be useful to public authorities when framing competition policy and assessing the effect of the power asymmetry level on economic growth of the sector. [ABSTRACT FROM AUTHOR]