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Meaningful and Measurable Market Domination

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Author Info
Lisbeth F. la Cour (Copenhagen Business School, Denmark)
H. Peter Møllgaard (Copenhagen Business School, Denmark)
Abstract

The European Court of Justice's definition of when a firm has a dominant position has recently come under attack as being meaningless and impossible to measure. We argue that both attacks are wrong, suggest an economic interpretation of domination and propose how it may be measured using modern time series econometrics. We illustrate the approach empirically.

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File URL: http://www.econ.ku.dk/CIE/Discussion%20Papers/2002/pdf/Mollgaard%2006.pdf
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Paper provided by University of Copenhagen. Department of Economics. Centre for Industrial Economics in its series CIE Discussion Papers with number 2002-06.

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Length: 7 pages
Date of creation: Nov 2002
Date of revision:
Handle: RePEc:kud:kuieci:2002-06

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Related research
Keywords: Dominant Position; Economic Interpretation; Econometric Tests;

Find related papers by JEL classification:
K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
L41 - Industrial Organization - - Antitrust Issues and Policies - - - Monopolization; Horizontal Anticompetitive Practices
L61 - Industrial Organization - - Industry Studies: Manufacturing - - - Metals and Metal Products; Cement; Glass; Ceramics

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