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Regular version of the site

Article

Competition Issues Regarding Procurement for Large Companies and Suppliers—The Gazprom Case

CPI Antitrust Chronicle. 2013. No. 2. P. 1-19.
Shastitko A., Golovanova S.

This article demonstrates that even established and verified facts of agreements among producers are not sufficient conditions for either cartel identification and, as a consequence, prosecution of agreement participants. Qualifying sellers’ interactions on a market as collusion is not a simple task, although it might seem so if using an oversimplified world vision. To illustrate, we looked at the recent antitrust case against Russian producers of large diameter pipes (“LDPs”) which sold to one large buyer—OJSC Gazprom.  This article explains the Russian LDPs antitrust case within the framework of the New Institutional Economics and, more precisely, the research tradition rooted in Oliver Williamson works. This case illustrates that avoiding wasteful outcomes from a so-called traditional hostile view in antitrust is an important and possible task, although a hard one.