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Market Definition and the Merger Guidelines

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  • Louis Kaplow

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  • Louis Kaplow, 2011. "Market Definition and the Merger Guidelines," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 39(1), pages 107-125, August.
    • Handle: RePEc:kap:revind:v:39:y:2011:i:1:p:107-125
    DOI: 10.1007/s11151-011-9305-9
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    References listed on IDEAS

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    1. Farrell, Joseph & Shapiro, Carl, 1990. "Horizontal Mergers: An Equilibrium Analysis," American Economic Review, American Economic Association, vol. 80(1), pages 107-126, March.
    2. Kai-Uwe Kühn, 2002. "Reforming European Merger Review: Targeting Problem Areas in Policy Outcomes," Journal of Industry, Competition and Trade, Springer, vol. 2(4), pages 311-364, December.
    3. A. Mitchell Polinsky & Steven Shavell (ed.), 2007. "Handbook of Law and Economics," Handbook of Law and Economics, Elsevier, edition 1, volume 2, number 2.
    4. Joseph E. Harrington, Jr, 2006. "How Do Cartels Operate?," Economics Working Paper Archive 531, The Johns Hopkins University,Department of Economics.
    5. Louis Kaplow, 2011. "Market Share Thresholds: On The Conflation Of Empirical Assessments And Legal Policy Judgments," Journal of Competition Law and Economics, Oxford University Press, vol. 7(2), pages 243-276.
    6. Connor, John M., 2005. "Price-Fixing Overcharges: Legal And Economic Evidence," 2005 Annual meeting, July 24-27, Providence, RI 19254, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    7. Harrington, Joseph E., 2006. "How Do Cartels Operate?," Foundations and Trends(R) in Microeconomics, now publishers, vol. 2(1), pages 1-105, August.
    8. Fisher, Franklin M, 1987. "Horizontal Mergers: Triage and Treatment," Journal of Economic Perspectives, American Economic Association, vol. 1(2), pages 23-40, Fall.
    9. A. Mitchell Polinsky & Steven Shavell (ed.), 2007. "Handbook of Law and Economics," Handbook of Law and Economics, Elsevier, edition 1, volume 1, number 1.
    10. Farrell Joseph & Shapiro Carl, 2010. "Antitrust Evaluation of Horizontal Mergers: An Economic Alternative to Market Definition," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 10(1), pages 1-41, March.
    11. Dennis W. Carlton, 2010. "Revising The Horizontal Merger Guidelines," Journal of Competition Law and Economics, Oxford University Press, vol. 6(3), pages 619-652.
    12. Hay, George A & Kelley, Daniel, 1974. "An Empirical Survey of Price Fixing Conspiracies," Journal of Law and Economics, University of Chicago Press, vol. 17(1), pages 13-38, April.
    13. George J. Stigler, 1940. "Notes on the Theory of Duopoly," Journal of Political Economy, University of Chicago Press, vol. 48(4), pages 521-521.
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    Citations

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    Cited by:

    1. Budzinski, Oliver & Gänßle, Sophia & Stöhr, Annika, 2020. "The draft for the 10th amendment of German competition law: Towards a new concept of "Outstanding relevance across markets"?," Ilmenau Economics Discussion Papers 142, Ilmenau University of Technology, Institute of Economics.
    2. Oliver Budzinski & Annika Stöhr, 2019. "Competition policy reform in Europe and Germany – institutional change in the light of digitization," European Competition Journal, Taylor & Francis Journals, vol. 15(1), pages 15-54, January.
    3. Budzinski, Oliver & Lindstädt-Dreusicke, Nadine, 2018. "The new media economics of video-on-demand markets: Lessons for competition policy," Ilmenau Economics Discussion Papers 116, Ilmenau University of Technology, Institute of Economics.
    4. Budzinski, Oliver & Polk, Andreas, 2021. "Die 10. GWB-Novelle: Neue Wettbewerbsregeln für die Digitalökonomie," Ilmenau Economics Discussion Papers 155, Ilmenau University of Technology, Institute of Economics.
    5. Budzinski, Oliver & Lindstädt-Dreusicke, Nadine, 2019. "The new media economics of video-on-demand markets: Lessons for competition policy (updated version)," Ilmenau Economics Discussion Papers 125, Ilmenau University of Technology, Institute of Economics.
    6. Louis Kaplow, 2015. "Market Definition, Market Power," NBER Working Papers 21167, National Bureau of Economic Research, Inc.
    7. Kaplow, Louis, 2015. "Market definition, market power," International Journal of Industrial Organization, Elsevier, vol. 43(C), pages 148-161.
    8. Kenneth G. Elzinga & Vandy M. Howell, 2018. "Geographic Market Definition in the Merger Guidelines: A Retrospective Analysis," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 53(3), pages 453-475, November.
    9. Paul S. Koh, 2024. "Market Definition: A Sensitivity Analysis," Papers 2407.12774, arXiv.org.

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    More about this item

    Keywords

    Market definition; Mergers; Merger guidelines; Hypothetical monopolist test; Competition policy; Antitrust; D42; K21; L40;
    All these keywords.

    JEL classification:

    • D42 - Microeconomics - - Market Structure, Pricing, and Design - - - Monopoly
    • K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
    • L40 - Industrial Organization - - Antitrust Issues and Policies - - - General

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