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Market Power In Competition For The Market

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  • Sangin Park

Abstract

In the evaluation of abuse of dominance (or Section 2 cases in the United States), the standard method of proving monopoly power is typically faced with difficulties in measuring the competitive price level and the substantiality of market power. These difficulties are more obvious in industries characterized by R&D competition for the market, where drastic innovation, standardization, or bidding for the entire demand is central figure. On the basis of a simple model of R&D competition for the market, this paper provides the competitive price level and the threshold level of substantiality of market power, showing that the absence of barriers to R&D competition ensures no abuse of dominance in these industries.

Suggested Citation

  • Sangin Park, 2009. "Market Power In Competition For The Market," Journal of Competition Law and Economics, Oxford University Press, vol. 5(3), pages 571-579.
    • Handle: RePEc:oup:jcomle:v:5:y:2009:i:3:p:571-579.
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    File URL: http://hdl.handle.net/10.1093/joclec/nhp004
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    Cited by:

    1. Tabak, Benjamin M. & Fazio, Dimas M. & Cajueiro, Daniel O., 2012. "The relationship between banking market competition and risk-taking: Do size and capitalization matter?," Journal of Banking & Finance, Elsevier, vol. 36(12), pages 3366-3381.

    More about this item

    JEL classification:

    • K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
    • L40 - Industrial Organization - - Antitrust Issues and Policies - - - General
    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General

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