Working Paper Series, Department of Economics, Copenhagen Business School
Lisbeth F. la Cour and H. Peter Møllgaard
Meaningful and Measurable Market Domination
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
be measured using modern time series econometrics. We illustrate
the approach empirically.
Keywords: Market domination; monopoly; competition policy; competition law; (follow links to similar papers)
JEL-Codes: D41; D42; K00; L12; L40; (follow links to similar papers)
7 pages, May 1, 2002
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