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Article

Контроль сделок экономической концентрации в отраслях, вовлеченных во внешнюю торговлю

Economic concentration may lead to formation of a dominant market position of the merging companies and reduction in social welfare. On the other hand, economic theory predicts some positive outcomes from mergers between large export trading companies due to increase in their production efficiency and international competitiveness. The balance between benefits and losses in social welfare from economic concentration is not evident; national interests do not always coincide with the development of competition at the supranational level. In this paper we analyze the practice of antitrust enforcement in Russia and foreign countries, in order to reveal the use of balanced approach when making decision on acceptability of a merger between exporters.