Meaningful and Measurable Market Domination
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.
|Date of creation:||01 May 2002|
|Date of revision:|
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