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Please use this identifier to cite or link to this item:
http://hdl.handle.net/2451/31547
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| Title: | Market Power: How Does it Arise? How is it Measured? |
| Authors: | White, Lawrence J. |
| Keywords: | market power, monopoly
oligopoly, competition
Lerner index, S-C-P paradigm
antitrust, merger guidelines |
| Issue Date: | 10-May-2012 |
| Abstract: | Market power – how it arises, and how it is measured – is an
important topic for the economics field of “industrial
organization” (IO). It is also an important topic for managers and
for managerial economics, since it can be related to sustainable
advantage for a company and it is usually at the center of antitrust
cases in which a company may be involved. This chapter defines market
power, discusses how it arises, and describes the various methods that
have been used for empirically detecting and measuring it. Attention is
also given to the role and measurement of market power in important
antitrust contexts. |
| URI: | http://hdl.handle.net/2451/31547 |
| Appears in Collections: | Economics Working Papers
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