Multifactorial Assessment of Monopolisation Trends through the Analytical Prism of Price-Based Market Power and Business Cycle Fluctuation Quantitative Evaluation


  • Maija Šenfelde Riga Technical University
  • Dmitrijs Skoruks Riga Technical University
  • Jekaterina Nazarova Riga Technical University



monopolisation, business cycle, relevant market, market power, competition


The research “Multifactorial Assessment of Monopolisation Trends through the Analytical Prism of Price-Based Market Power and Business Cycle Fluctuation Quantitative Evaluation” provides a multi-perspective in-depth analysis of the nature, the occurrence sources, the development features and the conjuncture specifics of the modern process of monopolisation, assessed through the prism of coherent and multifactorial econometrical modelling. The main scope of the aforementioned research is devoted to further developing and significantly enhancing the previously introduced monopolisation trend quantitative analysis methodologies, developed by the Authors, (Skoruks et al, 2015a,b,c) through simultaneous consideration of the broader context of price volatility and the relevant external factors, existing at various stages of business cycle spiral development, which affect the conduct of internal economic processes within a defined relevant market. The conducted research provides an example of modern econometrical method application within a unified framework of market competition environment analysis for the purpose of conducting a quantitative monopolisation trend evaluation on a relevant market level, while simultaneously considering the business cycles-induced effects on pricing strategies, implemented by the supply-side market actors. The research results may be defined as a system of complex outcomes, which enable the taking of the next constituent step in monopolisation trend detecting, quantification and evaluation, while simultaneously developing an innovative indicator, which had proven to be highly complementary with, while remaining functionally independent of, the analytical systems, used in Authors’ previously developed methodologies, thus creating a positive synergetic effect in terms of the enhancing the functionality, implementation efficiency and outcome transparency of the conducted empirical research. The achieved level of methodological complementarity enables the possibility of establishing a unified approach to monopolisation phenomenon’s analysis and a holistic interpretation of its generated outcomes, thus creating common ground in terms of market inquiry conduction and positively contributing to generating an analytical consensus between both private market entities and public bodies in terms of business/investment activity strategic planning of the former becoming universally compliant with the regulatory action/intervention policy proportionality analysis of the latter.


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