INSTITUTIONAL ENVIRONMENT OF CONCESSIONS’ DEVELOPMENT ON THE MARKET OF NATURAL MONOPOLIES OF RUSSIA

One of directions of active competition policy development on the markets of natural monopolies is the concession agreement. Formation of the corresponding institutional environment happens in Russia by adopting of law on concession agreements. In this article the basic dispositions determining conditions for franchise tendering, terms of agreement, models of concessions and opportunities of state influence on tariff setting are analyzed. The conclusion about shortcomings of institutional environment regarding possibility of opportunist behaviour is drawn.