Säätömarkkinat

Säätömarkkinat refer to a phenomenon where markets are controlled by a small group of industrial companies that vertically integrate production, distribution, and sales. This concentration of power leads to market dominance and influences the supply and demand of products. The term "säätömarkkinat" is a Finnish phrase, and it is commonly used in Scandinavian countries to describe this type of market structure.

In säätömarkkinat, the dominant companies often have a strong negotiation position with suppliers and buyers, enabling them to dictate the terms of trade. This can result in reduced competition and higher prices for consumers. The dominant companies may also limit access to the market for smaller competitors, thereby maintaining their market share and control. The structure can be maintained through a range of strategies, including exclusive contracts with suppliers, restrictive licensing agreements, and other forms of market control.

The characteristics of säätömarkkinat can make it challenging for new entrants to join the market, leading to a lack of competition and potential long-term negative consequences for consumers. Studies have shown that säätömarkkinat can lead to higher costs, reduced product innovation, and decreased economic growth.

Regulatory authorities often view säätömarkkinat as a potential issue that requires scrutiny and intervention. Antitrust and competition laws may be invoked to address cases of market dominance or anti-competitive practices. A balanced market environment, where small and large companies can operate on a level playing field, is generally seen as the most desirable outcome.