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Using Stationarity Tests in Antitrust Market Definition Author info | Abstract | Publisher info | Download info | Related research | Statistics Mario Forni
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In this article it is argued that, if two products or geographic areas belong in the same market, their relative price must be stationary. Hence stationarity tests like the Augmented Dickey-Fuller and the KPSS can be helpful in delineating the relevant market for antitrust purposes, particularly for abuses of dominant positions and agreements between competitors. The proposed procedure is strictly related to cointegration analysis but is simpler and has more general validity. An application to the Italian milk market illustrates the technique. Copyright 2004, Oxford University Press.
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Article provided by Oxford University Press in its journal American Law and Economics Review .
Volume (Year): 6 (2004)
Issue (Month): 2 ()
Pages: 441-464
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Handle: RePEc:oup:amlawe:v:6:y:2004:i:2:p:441-464Contact details of provider: Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK Fax: 01865 267 985 Email: Web page: http://www.aler.oupjournals.org/
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Froeb, L.M. & Werden, G.J., 1991.
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Hans L. van Kranenburg, 2005.
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Sonali Das & Rangan Gupta & Patrick Agu Kaya, 2009.
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Paul Geroski & Rachel Griffith, 2003.
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Kranenburg,Hans,van, 2005.
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Research Memoranda
025, Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization.
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Willem Boshoff, 2006.
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Haldrup, Niels, .
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Economics Working Papers
2003-9, School of Economics and Management, University of Aarhus.
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Juselius , Mikael & Kim, Moshe & Ringbom, Staffan, 2009.
"Do markup dynamics reflect fundamentals or changes in conduct? ,"
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