Contents
Forward …………………………………………………………………………………………………………..5
1. The Problem of Monopolies in Economics: Theory ………………………………………………….. 7
1.1 Monopoly: Definitions and Key Features ……………………………………………………. 7
1.2 The Impact of Monopolies on Economic Development …………………………………..10
1.3 Classification of Monopolies ……………………………………………………………………14
2. Monopoly Regulation Models in Different Countries …………………………………………….. 23
2.1 Government Attempts to Regulate Monopolies (Background, Evolution, Current Trends, and Effectiveness) …………………………….. 23
2.2 The Main Models of Regulating Monopolies ……………………………………………….30
3. Economic Competition Protection Model in the Republic of Armenia ………………………..39
3.1 Development and Legal Regulation (Specificities, Structure and Powers of the Regulatory Authority, Comparison with Other Countries) ………………39
3.2 Assessment of the Competition Situation by International Organizations ………….51
4. Competition Protection Policies in Armenia: Impact and Market Situation ………………… 55
4.1 The Activities and Reports of the State Commission for the Protection of Economic Competition ………………………………………………….. 55
4.2 Market Situation: Overview and Analysis of Specific Markets ………………………58
5. Conclusion: A New Model for the Regulation of Monopolies ……………………………………69
5.1 The Problems of Regulating Monopolies ……………………………………………………69
5.2 The Model Proposed for Regulating Monopolies: The 1+3 Concept ………………….73
Appendices ………………………………………………………………………………………………………79
About the authors ……………………………………………………………………………………………..87
About HMF …………………………………………………………………………………………………….88
About FES ………………………………………………………………………………………………………88
Published by the Hrayr Maroukhian Foundation (www.maroukhianfoundation.org)
with the support of the Friedrich-Ebert-Stiftung
February, 2013
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