Moldovan Fuels' Market: Assessment of the Regulatory Framework, Competition and Price Formation

The regulatory framework of the Moldovan fuels’ market contains several important flaws which negatively affects the competition due to many entrance barriers, the inefficient methodology for computing the market prices, as well as the discrimination of the small firms in favor of the large ones. This paper has identified the inconsistency between the fluctuations of the fuels’ prices on the regional and domestic markets. Thus, the domestic firms react faster and stronger to price increases, as