Correlation, causality, and all that jazz: The inherent shortcomings of price tests for antitrust market delineation View Full Text


Ontology type: schema:ScholarlyArticle     


Article Info

DATE

1993-06

AUTHORS

Gregory J. Werden, Luke M. Froeb

ABSTRACT

A substantial economics literature has developed in which price data have been relied upon to delineate antitrust markets by empirically implementing definitions offered by classical economists. The forces driving these price tests are not the same as those that give rise to market power, and therefore these price tests are likely to reach erroneous conclusions if used to delineate antitrust relevant markets. The price tests should be used with great caution, if at all. More... »

PAGES

329-353

Identifiers

URI

http://scigraph.springernature.com/pub.10.1007/bf01024238

DOI

http://dx.doi.org/10.1007/bf01024238

DIMENSIONS

https://app.dimensions.ai/details/publication/pub.1015579264


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