Measuring Market Power
"The purpose of this book is to introduce the reader to a comprehensive analysis of issues in measuring market power across a variety of countries and for industries within those countries...The question is an important one in determining the economic impact of potential mergers from both efficacy and consumer welfare dimensions. In antitrust litigation the issue also is of paramount importance and in many instances, a case may come down to a finding of whether the firm in question, does in fact, have and exercise market power. Most economists would agree that market power is simply the ability to influence price. How one goes about determining that question, is the interesting part and it is hoped that after reading this book the reader will gain significant insight into how that process works." -- from the Editor's Introduction.
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