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This monograph attempts a comprehensive study of the institutional and economic development of price competition mechanisms. The analysis of conceptual foundations of price competition mechanisms research is at the centre of the paper. Much attention is paid to the identification of contradictions in the development of price competition mechanisms, the study of the influence of the institutional structure of the Russian economy on this process. The monograph analyzes pricing strategies of competing entities from the standpoint of institutional theory and considers methods of state influence on the development of price competition mechanisms. The monograph is intended for students, postgraduates and teachers of universities of economic profile, as well as for all those interested in the problems of development of competitive relations.