The Analytical Center has held a Round Table on economic analysis for the application of antitrust regulations, during which the experts discussed the best ways to incentivize the antimonopoly service to carry out economic analysis, reviewed the requirements for such analysis as well as ways to optimize the key performance indicators for the antimonopoly service.
Speaking about the role of economic analysis and key performance indicators for the Russian Antimonopoly Service, the Analytical Center's expert Elena Parshina noted that the Russian antitrust agencies have much more authority than in other countries. As for the key performance indicators used by the service, they provide no direct incentive to carry out economic analysis, according to Ms. Parshina. However, there is still disagreement as to whether such direct incentivization would be advisable.
Yannis Katsoulacos, a professor with the Athens University of Economics and Business, believes that economic analysis is important not just for Russia. Presenting a report on the role of economic analysis in the application of antitrust laws, the expert said the following, “These issues are currently being discussed a lot in Europe, where economy analysis is used much less than in the US.” Mr. Katsoulacos paid special attention to the dilemma between how antitrust policies are implemented in terms of a balanced approach and how they can be implemented by following the laws to the letter. The expert believes that the balanced approach in the application of antitrust legislation can lead to more prosperity for the public and antitrust bodies around the world are now shifting to this approach.
Svetlana Avdasheva, a professor with the Research Institute of the Higher School of Economics, believes that none of the key performance indicators in the application of antitrust laws are good enough. “Each can be manipulated and it is for this reason that the KPIs used by the Antimonopoly Service in Russia are neither worse nor better than the KPIs used by the antitrust agencies in other countries,” the expert believes. In addition, the model used for assessing the results should not be divorced from the context of the structure of the antitrust enforcement body and the entire legal system, Ms. Avdasheva is convinced.
Representatives of federal authorities, business, the expert and the academic communities took part in the event.